LAUNCHub Ventures

LAUNCHub Ventures is a Sofia, Bulgaria-based venture capital firm founded in 2012 that focuses on seed-stage technology startups in Southeastern and Central Eastern Europe. The firm typically makes initial investments of €300k to €2M and can participate in rounds up to €4M, supporting portfolio companies beyond capital. It backs scalable early-stage ventures across AI/ML, SaaS, the future of work, proptech, crypto and blockchain, devtools, marketplaces, healthtech, fintech, hardware and robotics, with a preference for founders from SEE and CEE regions who have traction. In addition to funding, LAUNCHub provides hands-on support and programs such as its Series A academy to help companies reach milestones and secure follow-on rounds. The firm aims to grow the CEE startup ecosystem and collaborates with entrepreneurs based in the region and in major global hubs.

Lyuben Belov

Managing Partner

Todor Breshkov

Partner

Irina Dimitrova

Partner

Stephane Gantchev

Partner

Stanislav Sirakov

General Partner

Past deals in Cental and Eastern Europe

Mediately

Series A in 2022
Mediately is a prominent medical app company in Central and Eastern Europe and Italy, dedicated to supporting healthcare professionals with essential drug information, clinical decision support tools, and accredited medical education. Operating in eight countries, including Slovenia, Croatia, Serbia, Czechia, Slovakia, Romania, Bulgaria, and Italy, the company has earned the trust of over 180,000 doctors and more than 200,000 other healthcare professionals who rely on its apps as daily medical assistants. Mediately's platform provides comprehensive, evidence-based information on medications, including ingredients, pricing, interactions, dosing, insurance, and reimbursement, all in the local language of each market. The apps are certified as medical devices in the EU, and the company adheres to strict quality management standards, including EN ISO 13485:2016, to ensure the highest level of service and patient care.

OfficeRnD

Series A in 2021
OfficeRnD is a company that specializes in developing and operating a workplace management system tailored for flexible and hybrid work environments. Founded in 2014 and based in Sofia, Bulgaria, the company offers a comprehensive platform that integrates various essential functions such as accounting, payments, door access, WiFi, printing, and customer relationship management. This solution enables clients, including office spaces, co-working spaces, universities, and furniture retailers, to efficiently design and manage their workplaces without the need for CAD files. By automating tasks like billing, payments, meeting room bookings, and contracts, OfficeRnD enhances operational efficiency and improves the member experience, allowing space operators and property managers to make informed, data-driven decisions.

OfficeRnD

Series A in 2019
OfficeRnD is a company that specializes in developing and operating a workplace management system tailored for flexible and hybrid work environments. Founded in 2014 and based in Sofia, Bulgaria, the company offers a comprehensive platform that integrates various essential functions such as accounting, payments, door access, WiFi, printing, and customer relationship management. This solution enables clients, including office spaces, co-working spaces, universities, and furniture retailers, to efficiently design and manage their workplaces without the need for CAD files. By automating tasks like billing, payments, meeting room bookings, and contracts, OfficeRnD enhances operational efficiency and improves the member experience, allowing space operators and property managers to make informed, data-driven decisions.

OfficeRnD

Seed Round in 2017
OfficeRnD is a company that specializes in developing and operating a workplace management system tailored for flexible and hybrid work environments. Founded in 2014 and based in Sofia, Bulgaria, the company offers a comprehensive platform that integrates various essential functions such as accounting, payments, door access, WiFi, printing, and customer relationship management. This solution enables clients, including office spaces, co-working spaces, universities, and furniture retailers, to efficiently design and manage their workplaces without the need for CAD files. By automating tasks like billing, payments, meeting room bookings, and contracts, OfficeRnD enhances operational efficiency and improves the member experience, allowing space operators and property managers to make informed, data-driven decisions.

FindMeCure

Seed Round in 2017
FindMeCure is a platform that connects individuals seeking innovative treatments with relevant clinical trials. It simplifies the search process, enabling users to find and apply for trials within a few clicks.

Metrilo

Seed Round in 2017
Metrilo Ltd., established in 2014 and headquartered in Sofia, Bulgaria, specializes in e-commerce analytics and marketing automation. The company offers a comprehensive platform designed specifically for online retailers, providing insights into customer behavior, revenue, purchases, visitor trends, conversion rates, and other crucial performance metrics. Metrilo's services also include email marketing and pricing optimization tools, aiming to help businesses understand their customers better, improve sales, and enhance overall e-commerce performance.

Mediately

Seed Round in 2017
Mediately is a prominent medical app company in Central and Eastern Europe and Italy, dedicated to supporting healthcare professionals with essential drug information, clinical decision support tools, and accredited medical education. Operating in eight countries, including Slovenia, Croatia, Serbia, Czechia, Slovakia, Romania, Bulgaria, and Italy, the company has earned the trust of over 180,000 doctors and more than 200,000 other healthcare professionals who rely on its apps as daily medical assistants. Mediately's platform provides comprehensive, evidence-based information on medications, including ingredients, pricing, interactions, dosing, insurance, and reimbursement, all in the local language of each market. The apps are certified as medical devices in the EU, and the company adheres to strict quality management standards, including EN ISO 13485:2016, to ensure the highest level of service and patient care.

Metrilo

Seed Round in 2015
Metrilo Ltd., established in 2014 and headquartered in Sofia, Bulgaria, specializes in e-commerce analytics and marketing automation. The company offers a comprehensive platform designed specifically for online retailers, providing insights into customer behavior, revenue, purchases, visitor trends, conversion rates, and other crucial performance metrics. Metrilo's services also include email marketing and pricing optimization tools, aiming to help businesses understand their customers better, improve sales, and enhance overall e-commerce performance.

Fliiby

Seed Round in 2015
Fliiby Limited, established in 2007 and headquartered in Novi Sad, Serbia, operates a digital content publishing and monetization platform tailored for creative artists and developers. The company's core offering, also named Fliiby, enables users to upload, organize, and share a wide array of digital content, including photographs, videos, music, documents, and files. Artists can monetize their work by generating revenue each time their files are viewed, providing a streamlined way to turn creativity into income.

Ucha.se

Seed Round in 2015
Ucha.se is a prominent online learning and school preparation platform based in Bulgaria, established in 2012. It serves students from the first to the twelfth grade by providing over 26,000 video lessons, quizzes, and mind maps designed to make learning engaging and accessible. The platform allows users to watch instructional videos, take tests, ask questions, and share feedback, fostering an interactive educational experience. Ucha.se has gained recognition as the leading educational platform in Bulgaria, and in 2020, it expanded its reach with the launch of Eduboom, an international version tailored for users in Romania, Spain, and Italy. The company employs a diverse team of over 350 professionals, including project managers, animators, editors, programmers, and educators, dedicated to creating quality educational content and enhancing the user experience.

Cashila

Seed Round in 2015
Cashila is a technology company based in Brno, Czech Republic, specializing in bitcoin payment solutions. The company’s platform enables bitcoin holders to seamlessly pay various invoices, such as phone and electricity bills, as well as rent, or transfer funds directly to bank accounts. By connecting bitcoin to the traditional banking system, Cashila allows users to settle these payments in equivalent fiat currencies like USD or EUR. This innovation facilitates a more integrated financial experience for users, empowering them to manage their digital assets effectively while remaining informed about their financial transactions.

Fliiby

Seed Round in 2015
Fliiby Limited, established in 2007 and headquartered in Novi Sad, Serbia, operates a digital content publishing and monetization platform tailored for creative artists and developers. The company's core offering, also named Fliiby, enables users to upload, organize, and share a wide array of digital content, including photographs, videos, music, documents, and files. Artists can monetize their work by generating revenue each time their files are viewed, providing a streamlined way to turn creativity into income.

Style Jukebox

Seed Round in 2015
Style Jukebox is a Romanian startup focused on delivering a high-resolution music streaming service tailored for discerning audio enthusiasts. The company offers a cloud-based platform that enables users to upload their personal music collections from their computers, allowing for playback across various compatible devices. Its desktop and mobile applications provide users with the flexibility to stream their music or download tracks for offline listening. By prioritizing sound quality, Style Jukebox aims to cater to those who seek an uncompromising audio experience.

Tesseract Interactive

Seed Round in 2015
Tesseract Interactive, Inc. is an indie game development company based in Skopje, Macedonia, specializing in the creation of video games. The company develops its own game engine and development tools utilizing the .NET and Microsoft XNA frameworks. Tesseract Interactive aims to evoke the nostalgic joy experienced by gamers with classic titles like Pac-Man and Super Mario. Its first game, Excubitor, is designed as a spiritual successor to popular titles such as Aerofighters and Jungle Strike, combining established game mechanics and genres with innovative ideas. By integrating modern technologies and fresh gameplay elements, Excubitor offers a unique gaming experience that revitalizes traditional gaming concepts.

Mediately

Seed Round in 2015
Mediately is a prominent medical app company in Central and Eastern Europe and Italy, dedicated to supporting healthcare professionals with essential drug information, clinical decision support tools, and accredited medical education. Operating in eight countries, including Slovenia, Croatia, Serbia, Czechia, Slovakia, Romania, Bulgaria, and Italy, the company has earned the trust of over 180,000 doctors and more than 200,000 other healthcare professionals who rely on its apps as daily medical assistants. Mediately's platform provides comprehensive, evidence-based information on medications, including ingredients, pricing, interactions, dosing, insurance, and reimbursement, all in the local language of each market. The apps are certified as medical devices in the EU, and the company adheres to strict quality management standards, including EN ISO 13485:2016, to ensure the highest level of service and patient care.

Fliiby

Seed Round in 2015
Fliiby Limited, established in 2007 and headquartered in Novi Sad, Serbia, operates a digital content publishing and monetization platform tailored for creative artists and developers. The company's core offering, also named Fliiby, enables users to upload, organize, and share a wide array of digital content, including photographs, videos, music, documents, and files. Artists can monetize their work by generating revenue each time their files are viewed, providing a streamlined way to turn creativity into income.

OfficeRnD

Pre Seed Round in 2014
OfficeRnD is a company that specializes in developing and operating a workplace management system tailored for flexible and hybrid work environments. Founded in 2014 and based in Sofia, Bulgaria, the company offers a comprehensive platform that integrates various essential functions such as accounting, payments, door access, WiFi, printing, and customer relationship management. This solution enables clients, including office spaces, co-working spaces, universities, and furniture retailers, to efficiently design and manage their workplaces without the need for CAD files. By automating tasks like billing, payments, meeting room bookings, and contracts, OfficeRnD enhances operational efficiency and improves the member experience, allowing space operators and property managers to make informed, data-driven decisions.

Jumpido

Seed Round in 2014
Jumpido is an educational technology company that specializes in developing math-related games for primary school students aged 6 to 12. Founded in May 2013 by Kiril Rusev, Nikola Kosev, and Dilyan Rusev, the company leverages Microsoft's Kinect motion-sensor technology to create interactive and engaging learning experiences. Jumpido's platform integrates physical gestures with math exercises, allowing students to learn through movement while addressing their academic needs. This innovative approach transforms traditional learning into a gamified experience, making mathematics enjoyable and accessible for young learners globally.

Cashila

Seed Round in 2014
Cashila is a technology company based in Brno, Czech Republic, specializing in bitcoin payment solutions. The company’s platform enables bitcoin holders to seamlessly pay various invoices, such as phone and electricity bills, as well as rent, or transfer funds directly to bank accounts. By connecting bitcoin to the traditional banking system, Cashila allows users to settle these payments in equivalent fiat currencies like USD or EUR. This innovation facilitates a more integrated financial experience for users, empowering them to manage their digital assets effectively while remaining informed about their financial transactions.

Style Jukebox

Seed Round in 2014
Style Jukebox is a Romanian startup focused on delivering a high-resolution music streaming service tailored for discerning audio enthusiasts. The company offers a cloud-based platform that enables users to upload their personal music collections from their computers, allowing for playback across various compatible devices. Its desktop and mobile applications provide users with the flexibility to stream their music or download tracks for offline listening. By prioritizing sound quality, Style Jukebox aims to cater to those who seek an uncompromising audio experience.

Jumpido

Seed Round in 2014
Jumpido is an educational technology company that specializes in developing math-related games for primary school students aged 6 to 12. Founded in May 2013 by Kiril Rusev, Nikola Kosev, and Dilyan Rusev, the company leverages Microsoft's Kinect motion-sensor technology to create interactive and engaging learning experiences. Jumpido's platform integrates physical gestures with math exercises, allowing students to learn through movement while addressing their academic needs. This innovative approach transforms traditional learning into a gamified experience, making mathematics enjoyable and accessible for young learners globally.

Metrilo

Seed Round in 2014
Metrilo Ltd., established in 2014 and headquartered in Sofia, Bulgaria, specializes in e-commerce analytics and marketing automation. The company offers a comprehensive platform designed specifically for online retailers, providing insights into customer behavior, revenue, purchases, visitor trends, conversion rates, and other crucial performance metrics. Metrilo's services also include email marketing and pricing optimization tools, aiming to help businesses understand their customers better, improve sales, and enhance overall e-commerce performance.

AdTapsy

Seed Round in 2014
AdTapsy Ltd., established in 2013 and headquartered in Sofia, Bulgaria, operates a mediation platform designed to help app publishers and developers accelerate and increase their ad revenue efficiently. The company's platform integrates multiple profitable ad networks such as Charboost, Revmob, and AppLovin, automatically switching to the highest paying network to ensure near-full ad fill rates. It offers fast and easy integration, real-time leaderboards, and regular prizes for top-performing publishers, enabling mobile app developers to maximize their profits from mobile advertising.

Cinexio

Seed Round in 2014
Cinexio is a mobile and web application that enables users to discover movies, coordinate outings with friends, and purchase cinema tickets seamlessly. Based in Zagreb, Croatia, with an additional office in Berlin, Germany, Cinexio aims to enhance the movie-going experience by providing a social platform for movie selection and ticket booking. The application is designed to be user-friendly and engaging, allowing individuals to easily organize group outings to watch films together.

CloudRunner.io

Seed Round in 2014
CloudRunner.io Inc is a Bulgarian company that specializes in developing an infrastructure automation framework tailored for IT organizations. This framework assists DevOps teams in managing and understanding their IT infrastructure throughout its lifecycle. It offers a comprehensive suite of tools for configuration, orchestration, deployments, real-time log inspection, application discovery, and collaboration, functioning seamlessly on both cloud and physical servers. Key features include the ability to execute various scripts, secure communication via SSL certificates, and automation workflows driven by events or specific tasks. CloudRunner provides two versions of its framework: an open-source edition with basic functionalities available on GitHub and a more comprehensive enterprise version that includes additional features and customer support. The enterprise version can be deployed on-premise and is set to be accessible through major cloud marketplaces such as Amazon AWS, RackSpace, and OpenStack.

Mediately

Seed Round in 2014
Mediately is a prominent medical app company in Central and Eastern Europe and Italy, dedicated to supporting healthcare professionals with essential drug information, clinical decision support tools, and accredited medical education. Operating in eight countries, including Slovenia, Croatia, Serbia, Czechia, Slovakia, Romania, Bulgaria, and Italy, the company has earned the trust of over 180,000 doctors and more than 200,000 other healthcare professionals who rely on its apps as daily medical assistants. Mediately's platform provides comprehensive, evidence-based information on medications, including ingredients, pricing, interactions, dosing, insurance, and reimbursement, all in the local language of each market. The apps are certified as medical devices in the EU, and the company adheres to strict quality management standards, including EN ISO 13485:2016, to ensure the highest level of service and patient care.

Prefer.ly

Seed Round in 2014
Prefer.ly is a Bulgaria-based e-commerce company that specializes in providing shopping decision advice. It operates a website that collects and analyzes online reviews for various products, transforming this information into actionable guidance for consumers. By leveraging a growing index of real people's preferences, Prefer.ly aids users in making informed purchasing decisions. The company's focus on synthesizing user-generated content positions it as a valuable resource for shoppers seeking reliable product recommendations.

CloudRunner.io

Seed Round in 2013
CloudRunner.io Inc is a Bulgarian company that specializes in developing an infrastructure automation framework tailored for IT organizations. This framework assists DevOps teams in managing and understanding their IT infrastructure throughout its lifecycle. It offers a comprehensive suite of tools for configuration, orchestration, deployments, real-time log inspection, application discovery, and collaboration, functioning seamlessly on both cloud and physical servers. Key features include the ability to execute various scripts, secure communication via SSL certificates, and automation workflows driven by events or specific tasks. CloudRunner provides two versions of its framework: an open-source edition with basic functionalities available on GitHub and a more comprehensive enterprise version that includes additional features and customer support. The enterprise version can be deployed on-premise and is set to be accessible through major cloud marketplaces such as Amazon AWS, RackSpace, and OpenStack.

Imagga

Seed Round in 2013
Imagga is a technology company that develops and operates a cloud-based image recognition and processing platform. The platform offers APIs for image tagging, auto-tagging, auto-categorization, color extraction, thumbnail generation, and image search to help developers and businesses build scalable image-heavy applications in the cloud or on premises. The service is designed to handle large image volumes with auto-scaling for concurrent queries, and is available as a software-as-a-service pay-as-you-go model. Founded in 2008 and headquartered in Sofia, Bulgaria, Imagga serves customers seeking automated image understanding and organization across web and mobile applications.

Cinexio

Seed Round in 2013
Cinexio is a mobile and web application that enables users to discover movies, coordinate outings with friends, and purchase cinema tickets seamlessly. Based in Zagreb, Croatia, with an additional office in Berlin, Germany, Cinexio aims to enhance the movie-going experience by providing a social platform for movie selection and ticket booking. The application is designed to be user-friendly and engaging, allowing individuals to easily organize group outings to watch films together.

Jumpido

Seed Round in 2013
Jumpido is an educational technology company that specializes in developing math-related games for primary school students aged 6 to 12. Founded in May 2013 by Kiril Rusev, Nikola Kosev, and Dilyan Rusev, the company leverages Microsoft's Kinect motion-sensor technology to create interactive and engaging learning experiences. Jumpido's platform integrates physical gestures with math exercises, allowing students to learn through movement while addressing their academic needs. This innovative approach transforms traditional learning into a gamified experience, making mathematics enjoyable and accessible for young learners globally.

Tesseract Interactive

Seed Round in 2013
Tesseract Interactive, Inc. is an indie game development company based in Skopje, Macedonia, specializing in the creation of video games. The company develops its own game engine and development tools utilizing the .NET and Microsoft XNA frameworks. Tesseract Interactive aims to evoke the nostalgic joy experienced by gamers with classic titles like Pac-Man and Super Mario. Its first game, Excubitor, is designed as a spiritual successor to popular titles such as Aerofighters and Jungle Strike, combining established game mechanics and genres with innovative ideas. By integrating modern technologies and fresh gameplay elements, Excubitor offers a unique gaming experience that revitalizes traditional gaming concepts.

Ucha.se

Seed Round in 2013
Ucha.se is a prominent online learning and school preparation platform based in Bulgaria, established in 2012. It serves students from the first to the twelfth grade by providing over 26,000 video lessons, quizzes, and mind maps designed to make learning engaging and accessible. The platform allows users to watch instructional videos, take tests, ask questions, and share feedback, fostering an interactive educational experience. Ucha.se has gained recognition as the leading educational platform in Bulgaria, and in 2020, it expanded its reach with the launch of Eduboom, an international version tailored for users in Romania, Spain, and Italy. The company employs a diverse team of over 350 professionals, including project managers, animators, editors, programmers, and educators, dedicated to creating quality educational content and enhancing the user experience.

Cinexio

Seed Round in 2012
Cinexio is a mobile and web application that enables users to discover movies, coordinate outings with friends, and purchase cinema tickets seamlessly. Based in Zagreb, Croatia, with an additional office in Berlin, Germany, Cinexio aims to enhance the movie-going experience by providing a social platform for movie selection and ticket booking. The application is designed to be user-friendly and engaging, allowing individuals to easily organize group outings to watch films together.

Rankur

Seed Round in 2012
Rankur Inc. is a company that specializes in online reputation management and social media analytics. Founded in 2012 and headquartered in Sofia, Bulgaria, Rankur provides an innovative web tool designed to assist public relations, marketing, and web professionals in tracking mentions of brands, products, services, or individuals across various digital platforms. The company's services include monitoring over 100 million blog posts, 1 million online reviews, and 100,000 mainstream news articles, as well as analyzing data from more than 1 billion users on major social media networks like Twitter, Facebook, and Instagram. Rankur’s platform features a unique web crawler that delivers valuable insights for businesses, enabling them to understand audience sentiment and demographic details, and to identify trending topics and opinion leaders. This comprehensive approach helps clients enhance their brand protection strategies and effectively engage with their audiences.

Imagga

Seed Round in 2012
Imagga is a technology company that develops and operates a cloud-based image recognition and processing platform. The platform offers APIs for image tagging, auto-tagging, auto-categorization, color extraction, thumbnail generation, and image search to help developers and businesses build scalable image-heavy applications in the cloud or on premises. The service is designed to handle large image volumes with auto-scaling for concurrent queries, and is available as a software-as-a-service pay-as-you-go model. Founded in 2008 and headquartered in Sofia, Bulgaria, Imagga serves customers seeking automated image understanding and organization across web and mobile applications.
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