Bulgaria's Startup Boom: Over €1B Invested as First Unicorn Emerges
March 11, 2024
Bulgaria's startup ecosystem is experiencing significant growth, with over 800 startups and a focus on deep tech and AI.
The country has attracted €1B in investment over the past five years, demonstrating strong investor confidence.
Supportive government initiatives, strategic location, skilled workforce, and beneficial tax policies contribute to Bulgaria's startup success.
The venture capital scene in Bulgaria has matured, with a notable increase in VC funds and a total of €500M capital under management.
Bulgaria's first unicorn, Payhawk, emerged in 2022 with a valuation of $1B, highlighting the potential for high-value startups in the region.
Summary based on 1 source
Get a daily email with more EU News stories
Source

TheRecursive.com • Mar 11, 2024
Bulgaria’s Startup Ecosystem for Beginners: 10 Key Facts