Vitosha Ventures Unveils 10 Fund II Bets, Adds Rob Kniaz After €34 Million Close

2 articles · Updated · therecursive.com · Jul 14

Vitosha Ventures disclosed the first 10 startups backed by its second fund, spanning AI, robotics, maritime tech, logistics, agriculture, consumer tech, recruitment and systems engineering.
€34 million Fund II closed in May and plans to invest in nearly 80 Bulgarian startups through 2030, writing checks of €100,000 to €1 million.
€30 million of the fund comes from Bulgaria’s Fund of Funds under an EU-co-financed early-stage instrument, with additional backing from private limited partners in Bulgaria and abroad.
Rob Kniaz, Hoxton Ventures’ co-founder, joined as general partner to source and assess deals and support portfolio companies; Hoxton has raised more than $360 million.
117 startups now sit in Vitosha Ventures’ portfolio across two funds, after the firm reviewed more than 3,000 projects since 2020.

Sources

How will a London-based partner help Bulgarian startups truly compete on the global stage?

As public money floods European VC, can the continent finally close its innovation investment gap with the US?

Can Bulgaria’s EU-funded tech boom become self-sustaining, or does it risk creating dependency on public capital?

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