The Bulgarian tech ecosystem thrives on a highly skilled workforce capable of delivering sophisticated solutions for various sectors. New technologies such as AI, cybersecurity and blockchain are gaining traction, backed by a supportive environment for startups and innovation hubs.
The technology industry in Bulgaria mainly includes software development, IT outsourcing, fintech, e-commerce, telecommunications and enterprise software solutions. These benefit from Bulgaria’s strategic location, its competitive costs and its pool of skilled labor, making the country an attractive location for technology companies looking for high-quality services and expertise.
Despite its strengths, the Bulgarian technology sector faces challenges such as talent retention and skills gaps in new technologies. Infrastructure development, including broadband access and digital connectivity, is also a priority. Regulatory complexities and bureaucratic hurdles occasionally hamper companies’ agility and growth. Addressing these challenges is crucial to maintain momentum and competitiveness.
These ten companies contribute to the growth and innovation of the Bulgarian technology ecosystem.
Ampeco
Industry: Energy
Amount raised in 2023: $13 million
Ampeco is a dynamic technology company specializing in charging management solutions for electric vehicles (EV).
The company offers a comprehensive platform to optimize the operation and management of electric vehicle charging networks. Ampeco’s innovative software enables companies, fleet operators and charging station operators to efficiently monitor their charging infrastructure and offers features such as real-time monitoring, intelligent energy management and user-friendly billing systems.
By integrating advanced analytics and scalable technology, Ampeco aims to accelerate the global adoption of electric vehicles and contribute to a sustainable, environmentally friendly future.
SoftwareGroup
Industry: Fintech
Amount raised in 2023: €9.5 million
Software Group is a global technology company specializing in digitalization and integration solutions for financial services providers with a vision to accelerate financial inclusion by developing cutting-edge technology solutions.
The company offers innovative software and services designed to help financial institutions, fintech companies and other organizations digitize their operations, improve the customer experience and expand their reach.
Its mission is to help organizations achieve greater efficiency, security and accessibility, thereby promoting financial inclusion and contributing to economic development worldwide.
TokWise
Industry: Software
Amount raised in 2023: €3 million
The TokWise platform serves renewable energy producers, green energy providers, commercial and industrial prosumers, aggregators and traders.
As the share of renewable energy in energy supply increases, energy markets are exposed to increased volatility, characterized by lower average prices and higher peak prices.
To solve this problem, TokWise’s platform allows power producers to connect their facilities directly to power exchanges, allowing them to control the purchase and sale of electricity and mitigate the risks associated with the volatile energy market.
Badu
Industry: E-Commerce
Amount raised in 2023: €2.6 million
Badu.bg is a trading platform where traders from Bulgaria and around the world offer their products.
The company’s goal is to create the largest trading network in Bulgaria and offer a comprehensive range of products that will satisfy even the most demanding buyers. Badu enables merchants to increase their sales with minimal effort.
Badu’s vision is to create a one-stop shop for all shoppers’ needs, simplifying the buying and selling process by reducing merchants’ costs and thus lowering the prices of their favorite products.
Evrotrust Technologies
Industry: Law
Amount raised in 2023: €2.5 million
Evrotrust Technologies is a leading provider of digital identity and trust services, specializing in secure electronic signatures and remote identity verification.
The company’s innovative platform offers seamless and compliant digital solutions for businesses and individuals, improving security and efficiency in online transactions.
The company is committed to driving digital transformation and enabling its customers to have secure and convenient digital interactions in an increasingly connected world.
Nosekomo
Industry: Agricultural engineering
Amount raised in 2023: €2.5 million
Nasekomo is an innovative biotechnology company specializing in sustainable insect farming.
By harnessing the power of black soldier fly larvae, Nasekomo transforms organic waste into high-quality protein and fertilizer, promoting a circular economy.
With its cutting-edge technology and environmentally friendly processes, the company addresses global challenges such as food safety, waste management and the sustainable use of resources.
Transmetry
Industry: Logistics
Amount raised in 2023: €2.5 million
Transmetrics is a pioneering company specializing in predictive analytics and AI-driven solutions for the logistics industry.
By leveraging the power of big data and machine learning, Transmetrics optimizes supply chain operations, increases efficiency and reduces costs for logistics providers.
The company’s advanced platform enables accurate demand forecasting, efficient capacity utilization and proactive decision-making, leading to improved service levels and greater sustainability.
Hydrogen generators
Industry: Energy
Amount raised in 2023: €2 million
Hydrogenera is an innovative company focused on advancing hydrogen technology and promoting sustainable energy solutions.
Hydrogenera specializes in the development and delivery of hydrogen production, storage and distribution systems and aims to accelerate the transition to a clean energy future.
The company’s innovative solutions target various industries, including transportation, power generation and industrial applications.
nPloy
Industry: HR
Amount raised in 2023: €1.8 million
nPloy is a cutting-edge technology company specializing in workforce management solutions.
Founded with a vision to revolutionize human resource optimization in companies, nPloy offers a range of tools to optimize recruitment, workforce scheduling and employee retention.
Through innovative software and AI-driven analytics, nPloy enables companies to make smarter decisions, reduce operating costs and increase productivity.
Plurien
Industry: Back office
Amount raised in 2023: €1.8 million
Pluria is a forward-thinking company committed to transforming the workplace experience through flexible office solutions.
By providing access to a network of modern, customizable workspaces, Pluria enables businesses and professionals to work efficiently and conveniently from anywhere. The company offers teams access to a network of workspaces such as coworking hubs, hotel lounges and cafes.
Through its innovative platform, Pluria offers seamless booking, management and use of office space, responding to the dynamic needs of today’s workforce.
