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

Mario Stoev

Analyst

Petar Tsachev

Analyst

Raya Yunakova

Investor

Rumen lliev

Partner

Past deals in Bulgaria

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.

BGMENU.com

Seed Round in 2017
BGMENU is an online platform based in Sofia, Bulgaria, specializing in food ordering and delivery services. The platform features over 250 restaurants, including options for pizza, Chinese, Indian, Bulgarian, Italian, and sushi cuisine, with the number of participating restaurants continually increasing. BGMENU stands out in the Bulgarian market by providing express delivery services to both individual and corporate clients through a multichannel approach. Additionally, it offers restaurants the ability to upload photos and manage their menus, orders, and content, enhancing the overall dining experience for customers.

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.

Domestina

Seed Round in 2015
Domestina Ltd. is an online platform based in Sofia, Bulgaria, that connects customers with housemaid services and cleaning professionals. Founded in 2013, the company facilitates a marketplace where users can compare prices and reviews for various cleaning services, including house cleaning, office cleaning, and deep cleaning. Domestina's innovative system streamlines interactions between clients and service providers, allowing for easy appointment booking and payment processing. By empowering cleaning businesses to manage their operations more effectively, Domestina aims to make professional cleaning services both accessible and affordable. This approach enables the company to scale its services to accommodate a growing number of employees and clients.

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.

Domestina

Seed Round in 2015
Domestina Ltd. is an online platform based in Sofia, Bulgaria, that connects customers with housemaid services and cleaning professionals. Founded in 2013, the company facilitates a marketplace where users can compare prices and reviews for various cleaning services, including house cleaning, office cleaning, and deep cleaning. Domestina's innovative system streamlines interactions between clients and service providers, allowing for easy appointment booking and payment processing. By empowering cleaning businesses to manage their operations more effectively, Domestina aims to make professional cleaning services both accessible and affordable. This approach enables the company to scale its services to accommodate a growing number of employees and clients.

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.

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.

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.

BGMENU.com

Seed Round in 2014
BGMENU is an online platform based in Sofia, Bulgaria, specializing in food ordering and delivery services. The platform features over 250 restaurants, including options for pizza, Chinese, Indian, Bulgarian, Italian, and sushi cuisine, with the number of participating restaurants continually increasing. BGMENU stands out in the Bulgarian market by providing express delivery services to both individual and corporate clients through a multichannel approach. Additionally, it offers restaurants the ability to upload photos and manage their menus, orders, and content, enhancing the overall dining experience for customers.

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.

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.

IQ Friends

Seed Round in 2014
IQ Friends is a company that specializes in the development of brain training games designed to enhance cognitive abilities such as logic, memory, visual perception, arithmetic, reaction speed, and mental flexibility. Founded in 2007 and based in Sofia, Bulgaria, the company initially launched an online IQ test created in collaboration with researchers at SRH University Heidelberg, which emphasized both scientific rigor and user enjoyment. Building on this foundation, IQ Friends expanded its offerings to include a variety of psychometric tests and social brain games that combine elements of casual gaming with cognitive training. By integrating insights from neurologists and game designers, IQ Friends aims to make brain training engaging and accessible, helping users maintain a healthy, active lifestyle while also delaying or preventing conditions like Alzheimer’s disease.

BGMENU.com

Seed Round in 2014
BGMENU is an online platform based in Sofia, Bulgaria, specializing in food ordering and delivery services. The platform features over 250 restaurants, including options for pizza, Chinese, Indian, Bulgarian, Italian, and sushi cuisine, with the number of participating restaurants continually increasing. BGMENU stands out in the Bulgarian market by providing express delivery services to both individual and corporate clients through a multichannel approach. Additionally, it offers restaurants the ability to upload photos and manage their menus, orders, and content, enhancing the overall dining experience for customers.

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.

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.

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.

StorPool

Seed Round in 2012
StorPool Ltd. is a software provider specializing in software-defined storage solutions for distributed data storage. Its flagship product, StorPool, transforms standard servers equipped with conventional drives into a cohesive shared storage pool that operates as a virtual SAN. This system aggregates the performance and capacity of various drives, allowing for efficient management of virtual machines, applications, databases, and other workloads on the same servers. StorPool’s software facilitates seamless communication among servers to form a redundant cluster, ensuring data consistency and redundancy while providing a unified management interface. The platform is designed for diverse applications, including virtual server storage, cloud infrastructure, and critical data protection, making it ideal for managed services, hosting providers, and enterprises. StorPool supports a range of technology stacks and cloud management platforms, enabling efficient scaling and resource consumption without the need for specialized hardware. The company, headquartered in Sofia, Bulgaria, aims to simplify cloud infrastructure and enhance performance for its clients.

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.

Next Points

Seed Round in 2012
Next Points is a Sofia, Bulgaria-based company established in 2012 that specializes in providing a SaaS-based business intelligence platform known as AZ4Cast. This platform is designed to serve fast-moving consumer goods (FMCG) producers, distributors, and retailers, as well as small and medium-sized enterprises and corporate marketing and forecasting departments. AZ4Cast generates accurate demand forecasts, identifies trends and seasonal patterns, and assesses the effects of promotions. By leveraging proprietary algorithms and advanced data mining techniques, the platform aggregates industry data to deliver insights tailored to specific business segments. The continuous refinement of these models over five years enhances the platform's predictive capabilities, making it a valuable tool for product and brand managers seeking to optimize their operations and strategies.

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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