20 successful Bulgarian startups that are changing the world
· Career Daily News
Bulgaria is no longer a periphery, but an active player on the global technology scene, inspiring a new generation of entrepreneurs to dream boldly and act globally!
20 Bulgarian startups that are changing the world: which are among the most-successful entrepreneurs in the last five years
The Bulgarian startup scene has seen impressive growth over the last five years. Young and ambitious entrepreneurs are turning innovative ideas into companies of international significance, attracting significant investments, and proving that technologies "made in Bulgaria" can compete globally. In this material, we present 20 of the most successful Bulgarian startups and their founders.
Space and aviation technologies
EnduroSat – Raycho Raychev
Modular satellite platforms for global clients. The company participates in international space missions and develops unique solutions for small satellites.
Dronamics – Svilen and Konstantin Rangelovi
The world's first cargo-drone company, offering fast and economical air transport of goods. It has international pilot operations and growth.
Fintech
Payhawk – Hristo Borisov, Boyko Karadzhov, Konstantin Djengozov
A platform for managing corporate expenses, which has become the first Bulgarian "unicorn" with a valuation of over 1 billion dollars.
Evrotrust – Georgi Dimitrov, Konstantin Bezukhanov
Solutions for electronic identification and trusted services used in several European countries.
Paynetics – Valeri Valchev, Ivo Georgiev
A fintech company expanding in the EU, offering payment services and digital financial products.
Paypercut – Stoyl Vasilev, Emil Savov, Gareth Walsh
A modern "buy now, pay later" tool gaining popularity in the consumer market.
Green and new technologies
AMPECO – Orlin Radev, Stefan Ivanov, Alexander Alexiev
Software for managing charging stations for electric vehicles, funded with over 20 million euros.
Nasekomo – Mark Boler, Xavier Marsenak, Olga Marsenak
Production of protein from insects for the agricultural industry, funded by European investors.
Software and AI
Team-GPT – Ilia Valchanov, Ilko Kacharov, Yavor Belakov, Katya Vaptsarova, Maria Valchanova
A collaboration platform with artificial intelligence, expanded to Silicon Valley in less than a year.
NitroPack – Georgi Petrov, Mihail Stoichev
Software for speeding up websites, acquired by WP Engine in 2024.
Allterco / Shelly – Dimitar Dimitrov
IoT devices with a global presence and publicly traded company.
Chaos (V-Ray) – Vladimir Koylazov, Petar Mitev
Leading software for 3D visualizations with clients worldwide.
Ontotext – Atanas Kiryakov
Semantic technologies and big data analysis for corporate clients and institutions.
Healee – Hristo Kosev, Yosif Dishliev
A telemedicine platform connecting doctors and patients in dozens of countries.
Scalefocus – Plamen Tsekov, Viktor Bilyanski
A fast-growing software company with international clients and awards for growth.
SiteGround – Ivo Tsenvov
One of the world leaders in web hosting, serving millions of sites globally.
Releva.ai – Georgi Georgiev, Yavor Stoichev
AI platform for marketing automation in e-commerce.
Rush – Kiril Kirilov, Stanislav Stankov
A tool for tracking shipments with successful acquisition.
SMSBump – Georgi Petrov, Mihail Stoichev
A platform for SMS marketing, acquired by the international company Yotpo.
E-commerce and logistics
eBag – Ivan Alexandrov
An online platform for grocery delivery, with rapid growth after 2020, investments in warehouse automation, and a leading position in the Bulgarian market.
The last five years have proven that Bulgarian startups can play globally. The space technologies of EnduroSat, the drones of Dronamics, the fintech solutions of Payhawk, and the growth of eBag demonstrate the diversity and potential of Bulgarian entrepreneurs. These companies prove that Bulgaria is no longer a periphery but an active player on the global technology scene, inspiring a new generation of entrepreneurs to dream boldly and act globally.
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