Bulgaria
Europe · Pop. 6.4M
1 Overview
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
2 Largest rounds
Largest funding rounds in Bulgaria
A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Bulgaria, grouped by Dealroom sector.
Largest rounds in Bulgaria - 2024–2026
3 Startup hubs
Inside Bulgaria: 1 startup hub, 47 universities
Hubs are sized by combined enterprise value; universities by the startup founders they produced. Hover any point for its numbers; the lists rank hubs by EV and universities by founders.
4 VC investment
How much venture capital flows into Bulgaria
VC investment into Bulgaria-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
5 Founder origins
Where Bulgaria's unicorn founders build
11 founders born in Bulgaria are behind 8 unicorns; 75% of those were built in the US. Origins are resolved from biography and education history, not current address. Compare with the other origin countries in Europe, ranked by founders or per 1M inhabitants.
6 Location comparison
How Bulgaria stacks up
Compare Bulgaria with similarly sized ecosystems in Europe — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in Europe ranked by combined EV. Bulgaria's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United Kingdom | $1.2T | 4.5× | 226 | $27.5B | 20.9K |
| 2 | Germany | $406B | 4.2× | 95 | $8.3B | 8,888 |
| 3 | France | $401B | 5.4× | 67 | $8.4B | 9,256 |
| 4 | Netherlands | $327B | 2.8× | 45 | $3.6B | 3,978 |
| 5 | Sweden | $279B | 5.7× | 56 | $3.5B | 3,331 |
| 6 | Switzerland | $223B | 3.7× | 50 | $4.2B | 3,086 |
| 7 | Denmark | $140B | 4.3× | 24 | $1.8B | 1,721 |
| 8 | Belgium | $107B | 7.1× | 12 | $907.7M | 1,935 |
| 9 | Ireland | $106B | 4.7× | 26 | $1.2B | 2,001 |
| 10 | Spain | $106B | 4.7× | 18 | $3.3B | 4,647 |
| 11 | Finland | $79.5B | 3.9× | 11 | $2.2B | 1,775 |
| 27 | Bulgaria | $7.7B | 6.9× | 3 | $233.4M | 469 |
7 Patent intelligence
Bulgaria startup IP portfolio: 116 patent families
Granted patent families assigned to startups headquartered in Bulgaria. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
More data
Explore Dealroom data →Get the full Bulgaria ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.