BrightCap Ventures
About
Founded in 2018 by Georgi Mitov and Elina Halatcheva (joined by Managing Partner Diana Stefanova), BrightCap is a pre-seed and seed VC based in Sofia. Its second fund (BrightCap II) closed at approximately €47.5M in 2025, with the European Investment Fund as a cornerstone LP, and is notable as the first vehicle to blend Recovery and Resilience Facility capital from both Bulgaria and Romania in a single cross-border fund. Managing partners bring operating backgrounds from exits at VMware (Aviaso) and Honeywell (Sciant) rather than traditional finance. BrightCap invests €400K–€3M tickets with sector focus on future of work, digital health, and fintech; the portfolio includes Software Group, Pliant, and FITE.
Portfolio 6
- Software Group Startup · Sofia
- Pliant Startup · Berlin
- RobosizeME Startup · Olomouc
- FITE Not in the directory
- LucidLink Not in the directory
- Enview Not in the directory
Connection map
Every node here is a row in the lists above — the map is a second view of the same connections, not another source of them.
Recent news
- Bulgarian BrightCap Ventures' Fund I Results: 22 Investments, 4 Exits, and 1 M&A 2024-11-21 · The Recursive
- BrightCap Ventures Announces First Close of €60M Fund to Scale SEE Startups 2024-07-16 · The Recursive