Impetus Capital
Venture capitalSofia · Growth–Late Stage
Investment thesis
Invests in Emerging Europe companies (~€10–20M revenue) preparing small, managed IPOs—coordinating banks, auditors, lawyers, exchanges and analysts, drawing on a cofounder’s Bulgaria capital‑markets experience, and remaining a long‑term shareholder.
Source: firm website, verified Aug 7, 2026.
What they invest in
from 21 of 22 portfolio companiesSaaS ×7AI & Machine Learning ×5Consumer ×4Hardware ×3Logistics & Supply Chain ×3Biotech ×2Cybersecurity ×2Data & Infrastructure ×2
HQs:Bulgaria×7India×1
Investments · 22 tracked
founders shown can be your intro pathA4E (Analytics for Everyone) offers a range of analytical applications that help businesses across verticals use their data for problems like sales forecasting, demand projection, and inventory planning.
AI & Machine LearningInsurTechSaaS
BioDit offers biometric security solutions, including wireless and wired systems for access control and identity verification.
CybersecurityHardwareIoT
Co-investorsNEVEQ Capital Partners Ltd.
BioSeek builds an AI platform for drug discovery that unifies fragmented biological sources—literature, patents, clinical, and chemistry data—into a connected knowledge graph, with specialist agents that reason across it from disease biology to safety-screened molecules.
AI & Machine LearningBiotechDeep Tech
Boleron is an online platform for comparing, buying, and managing insurance policies, including car insurance, travel, property, life, health, and business coverage.
ConsumerFintechInsurTechSofia, BG
Desislava Tsvetkova(Founder)
Daye offers at-home gynaecological health services for women, including vaginal health screening, hormone testing with NHS-trained clinician consultations, STI and HPV screening, gut and vaginal microbiome supplements, and period care products.
Digital HealthFemTechWellness & Fitness
Co-investorsCrane Venture PartnersJazzya InvestmentsKindred CapitalMyelin VCSalica InvestmentsSimplyhealth Ventures
DELIVERS.AI builds autonomous, zero-emission delivery robots with in-house software and hardware for last-mile delivery and out-of-home advertising (OOHA).
AI & Machine LearningLogistics & Supply ChainRobotics
Co-investorsInveo VenturesJapan Post Capital Co. Ltd.StartersHub
Discordia provides international freight transport and logistics services, operating for 30 years.
Logistics & Supply ChainSofia, BG
GlycanAge offers an at-home biological age test that analyzes IgG glycan patterns to measure chronic inflammation ("inflammaging") and its effect on aging.
BiotechDigital HealthLongevity
Co-investorsExceptional VenturesSouth Central VenturesVelocity DigitalVesna AdvisorsLAUNCHub Ventures
Hydrogenera designs modular, scalable alkaline electrolysers for producing high-purity hydrogen.
CleantechEnergyHardware
Excitel is an internet and Wi-Fi service provider offering home broadband connections built on European technology, with peering arrangements with services such as Google, Microsoft, Netflix, and Akamai for faster content access.
Consumer
Co-investorsNEVEQ Capital Partners Ltd.
Personal consultancy of Ivelina Atanasova-Genchev, a strategic business consultant offering marketing strategy, fractional CMO services, business coaching, digital transformation, sales funnel development, and investment fundraising support through her proprietary BRAVO Method and Business Clinic program.
Future of WorkImpact & Social GoodMarketing Tech
Ivelina Atanasova-Genchev(Business Consultant & Founder)
Jotform is an online form builder that lets users create professional forms without coding, with support for conditional logic, payments, reporting, and workflow automation.
Enterprise SoftwareSaaS
Co-investorsadMare BioInnovationsCreative UKSeedstarsThe Open PlatformTwenty Five VenturesWocstar Capital
Kikimora is an AI security agent that connects a security stack (AWS, Azure, Cloudflare, GitHub, Qualys, Tenable, FortiGate and other tools, 18 integrations total) into one conversational interface for triaging findings, drafting fixes, and approving remediation.
AI & Machine LearningCybersecuritySaaSSofia, BG
Krasimir Kotsev(Founder)
NOESIS is a full-service private label cosmetic manufacturer that develops and produces skincare, haircare, oral care, intimate care, and pet care products, handling concept, formulation, packaging design, regulatory compliance, and manufacturing.
Advanced ManufacturingConsumerWellness & FitnessPlovdiv, BG
Promoto.bg is a B2B e-commerce and wholesale trade platform where shops, restaurants (HoReCa), and offices order fast-moving consumer goods online from distributors, importers, and manufacturers.
B2B MarketplacesE-commerceRetail Tech
Re:benefit is a flexible employee benefits platform that lets workers choose and manage their own benefits package from over 60 vendors, covering categories such as travel, insurance, wellness and sport, education, and charity.
Future of WorkHR TechSaaS
Co-investorsVitosha Venture Partners
Shelly builds smart home devices and an ecosystem for home automation, including smart lighting, circuit breakers, and co-branded energy products.
ConsumerHardwareIoT
Tapline is a digital finance platform that provides non-dilutive financing to SaaS, subscription-based, and recurring-revenue businesses by advancing capital against their subscription receivables.
FintechSaaS
Co-investorsBalnord Sp. z o.o.DEPO Ventures
Tiger Technology develops hybrid cloud storage software, including Tiger Bridge, that unifies data across sites and tiers inactive data to cost-effective archive storage while keeping business-critical applications accessible.
Cloud ComputingData & InfrastructureEnterprise Software
Transmetrics builds AI-powered analytics and planning software for small to medium-sized trucking fleets, including FleetMetrics Sales Navigator, which unifies load sources, evaluates load profitability, and optimizes truck utilization and pricing.
AI & Machine LearningLogistics & Supply ChainSaaS
Co-investorsLAUNCHub Ventures
Frequently asked questions
- How many investments has Impetus Capital made?
- Impetus Capital has 22 tracked investments.
- What stage does Impetus Capital invest at?
- Impetus Capital invests at the Growth, Late Stage stages.
- What sectors does Impetus Capital focus on?
- Impetus Capital focuses on Sector Agnostic.
- Where is Impetus Capital located?
- Impetus Capital is headquartered in Sofia, BG.
- Does Impetus Capital lead rounds?
- Impetus Capital typically participates in rounds rather than leading them.
- Who does Impetus Capital co-invest with?
- Impetus Capital most often shares deals with NEVEQ Capital Partners Ltd., Crane Venture Partners, Kindred Capital, among 23 tracked co-investors.
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