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 companiesAI & Machine Learning ×7SaaS ×7Enterprise Software ×5Consumer ×4Data & Infrastructure ×4Cloud Computing ×3Fintech ×3Future of Work ×3
HQs:Bulgaria×11India×1United States×1
Who they back
founder profiles across 11 portfolio companiesFounding team size:solo founder×93 founders×14+ founders×1
Where their founders studiedfrom 10 founders with education data
Technical University of Sofia ×2
What their founders studiedfrom 10 founders with field-of-study data
Computer Science ×8Mathematics & Statistics ×2
Where their founders worked beforefrom 12 founders with career history
Experian ×4Genos Ltd ×2
Investments · 22 tracked
founders shown can be your intro pathA4E provides data analytics solutions tailored for retail and food service businesses, from small coffee shops to large wholesalers, with affordable and easy-to-use analytical apps built on flexible on-demand frameworks.
AI & Machine LearningData & InfrastructureFintechInsurTechRetail TechSaaS
Hristo Hadjitchonev(Chief Product Officer & Co-founder)inAlexander Efremov(Chief Scientist & Co-founder)inNikolay Nikolov(CTO & Co-founder)inDimitar Atanasov(VP Delivery & Co-founder)inGeorge Kremenliev(Chief Executive Officer)in
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
Rossen Genchev(Founder)in
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)in
Daye offers at-home diagnostic tests for hormonal health, vaginal microbiome, and STI screening, alongside consulting services with fertility and gynecological nurses.
Digital HealthFemTechHealthtechWellness & Fitness
Valentina(Founder & CEO)
Co-investorsCrane Venture PartnersJazzya InvestmentsKindred CapitalMyelin VCSalica InvestmentsSimplyhealth Ventures
Delivers.AI develops autonomous robotic solutions for last-mile delivery.
AI & Machine LearningCleantechLogistics & 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 glycan-based biological age testing and insights to help individuals understand their health and aging rate through advanced diagnostics.
BiotechDeep TechDigital HealthHealthtechLongevity
Gordan Lauc(CSO, Co-Founder)inNikolina Lauc(CEO, Co-Founder)inFilip Lauc(CTO, Co-Founder)in
Co-investorsExceptional VenturesSouth Central VenturesVelocity DigitalVesna AdvisorsLAUNCHub Ventures
Hydrogenera is a publicly listed entity in Bulgaria that provides investor relations documentation and financial disclosures under Bulgarian regulatory requirements.
CleantechClimate TechEnergyHardwareBulgaria, BG
Excitel is an internet service provider offering broadband and streaming services in India, partnering with top ISPs to deliver network coverage across the country.
Cloud ComputingConsumerEnterprise Software
Vivek Rainain
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 provides an online form builder with integrations that automatically forward new form submissions, file uploads, and payment details to communication tools like Microsoft Teams.
AI & Machine LearningEnterprise SoftwareFuture of WorkSaaS
Aytekin Tank(Founder & CEO)in
Co-investorsSeedstarsTwenty 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)in
NOESIS LTD manufactures natural and organic cosmetics and develops consumer brands through product development, packaging design, and creative services.
Advanced ManufacturingConsumerDirect to ConsumerWellness & FitnessPlovdiv, BG
Constantin Angelov(General Manager / Founder)in
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 cloud-based SaaS solution that helps HR teams design and manage customized employee benefits packages while monitoring engagement and controlling costs, suitable for both remote and in-office work environments.
Future of WorkHR TechSaaS
Co-investorsVitosha Venture Partners
Tapline provides funding qualification and reporting services for companies.
Enterprise SoftwareFintechSaaS
Co-investorsBalnord Sp. z o.o.DEPO VenturesAntler
Tiger Technology provides data management software and storage solutions for enterprise customers across media, healthcare, government, manufacturing, retail, and other sectors.
AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSofia, BG
Alexander Lefterov(Founder and CTO)inIravan Hira(CEO)in
Co-investors3TS Capital PartnersEndeavor CatalystTDJ
Transmetrics provides an AI-powered data intelligence platform that integrates fragmented trucking and shipping operational data into unified insights for fleet and forwarding companies.
AI & Machine LearningData & InfrastructureLogistics & Supply ChainSaaS
Co-investorsLAUNCHub Ventures
Portfolio news
latest coverage across their companiesTiger Technology · tamradar.com · Jul 29, 2026
Shelly · marketscreener.com · Apr 21, 2026
Tapline · fintechfutures.com · Mar 4, 2026
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 20 tracked co-investors.
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