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New €18 million fund for Bulgarian seed investment fund LAUNCHub Ventures

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LAUNCHub Ventures is a seed stage Venture Capital firm based in Sofia investing in early stage startups in Bulgaria and the wider Southeastern Europe region. Founded in 2012, the first LAUNCHub fund of 9M EUR, was actively investing until the end of 2015 and has been deployed in pre-seed tickets up to 200K EUR. The former fund backed 62 startups which have attracted more than 20M EUR in follow-up funding.

Now they have announced their second 18M EUR fund and they prepare to invest from 300K to 700K EUR, expandable up to 2M EUR per company. They are looking at both new companies but also to support their existing portfolio. LAUNCHub Ventures’ managing team consists of Lyuben Belov, Todor Breshkov, Rumen Iliev, Stanislav Sirakov, and Stephane Gantchev and they managed to secure this new funds from the European Investment Fund (EIF) and several unnamed investors.

With this occasion, they have also announced the first investment in HiCharlie, a chatbot for personal finance based in San Francisco and founded by Bulgarian co-founders.

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