Bulgarian Angels Club
Bulgarian Angels Club is the largest Bulgarian angel investment network, providing syndicated equity funding of EUR 10,000–200,000 per startup, plus mentorship and board support, to early-stage Bulgarian founders through quarterly pitch meetings and a curated deal-flow pipeline.
- Company typePrivate
- Founded2016
- HeadquartersSofia, Bulgaria
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Bulgarian Angels Club does
Bulgarian Angels Club (formerly CEO Angels Club) is the largest angel investment network in Bulgaria, founded in 2016 in Sofia. It is a private membership organization that deploys syndicated personal capital from senior executives, entrepreneurs, and managers into early-stage Bulgarian startups, with individual ticket sizes ranging from EUR 10,000 to EUR 200,000 and a 5% success fee charged on net funds raised by startups through the club. Members invest individually after evaluating pitches at four quarterly meetings per year; a Selection Committee and pre-screening by the CEO filter deal flow sourced through Gust, Founders Institute, accelerators, and member referrals.
The club generates revenue from two streams: recurring annual membership fees that cover deal-flow curation, meeting operations, and platform access, and a transaction-based success fee on completed rounds. Beyond capital deployment, the club offers mentorship, board representation, and strategic introductions to portfolio companies, and operates two educational products — the fee-based Business Angels Investment Academy (in partnership with Efino) and a free EU-funded Angel Investing Training Course delivered under the ESIL 2 initiative. The membership base has expanded materially (31 new members in 2023), geographic chapters have been launched in Varna and the USA, and the organization is embedded in both the Bulgarian ecosystem (BVCA, BESCO, DSP.bg) and European-level networks (EBAN, Business Angels Europe, META Group, Bpifrance).
Bulgarian Angels Club firmographics
Firmographics- Name
- Bulgarian Angels Club
- Legal name
- Bulgarian Angels Club
- Website
- https://angelsclub.bg
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Bulgarian Angels Club is the largest Bulgarian angel investment network, providing syndicated equity funding of EUR 10,000–200,000 per startup, plus mentorship and board support, to early-stage Bulgarian founders through quarterly pitch meetings and a curated deal-flow pipeline.
- Ownership category
- akta.pro rank
Bulgarian Angels Club industry classification
Industry- Product category
- Angel Investment Network
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
- akta.pro secondary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
Keywords
Where Bulgarian Angels Club is headquartered
LocationHeadquarters
- HQ city
- Sofia
- HQ country
- Bulgaria
- HQ region
- Europe
Offices3 records
Markets served
Bulgarian Angels Club business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Others
Revenue model
- Success Fee: Club charges 5% success fee calculated from the net amount received by the entrepreneur when a startup successfully raises funding through the club.
- Annual Membership Fees: Members pay annual membership fees that cover deal flow management, pre-screening services, meeting organization, pitching support, and access to online deal-flow platform. Due diligence and legal services are available at additional cost.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Club membership with annual fee |
| Subscription | Multi-year contract | Business Angels Investment Academy training program |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Bulgarian Angels Club product offering
Product offeringCore offering
Bulgarian Angels Club operates a syndicated angel investment network that connects senior-executive members with early-stage Bulgarian startups seeking EUR 10,000-200,000 in seed capital. The club manages deal flow through the GUST platform, screens opportunities, coaches entrepreneurs, and hosts four quarterly pitch meetings per year where members decide individually whether to invest. Complementary services include structured due diligence, term sheet templates, post-investment mentorship, and the Business Angels Investment Academy educational program.
Product overview
Bulgarian Angels Club operates as the largest Bulgarian angel investment network, offering a unified platform of investment and ecosystem services. The core offering centers on deal-flow management facilitated through the GUST platform, enabling entrepreneurs to apply for funding and investors to evaluate opportunities. The club provides equity investment services ranging from EUR 10,000 to EUR 200,000 with a 5% success fee, complemented by educational programs including the Business Angels Investment Academy (covering investment strategy, due diligence, valuation, and deal terms) and the EU-funded Angel Investing Training Course. Participation in the ESIL 2 Project extends the club's reach across European angel networks. The club also facilitates introductions between entrepreneurs and angels, organizes pitch events, and provides ongoing mentorship to portfolio companies.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- EUR 2.7 million+ total investments deployed
- +3 more outcomes
Companies that use Bulgarian Angels Club
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles2 records
Bulgarian Angels Club technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Bulgarian Angels Club partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- ESIL (European Angel Initiative)coreEU-funded initiative boosting Europe's innovative ecosystems through creation of thriving angel investment communities. Bulgarian Angels Club is part of ESIL 2 project with focus on building next generation of angels - younger, more gender diverse, in less developed markets.
- DSP.bgminorBulgarian partner organization in the startup/tech ecosystem
- MyCFOminorBulgarian financial services partner
- BVCA (Bulgarian Venture Capital Association)coreBulgarian VC association representing the venture capital industry
- EBAN (European Business Angels Network)coreEuropean-level business angels federation providing cross-border networking and deal flow
- BESCO (Bulgarian Ecosystem for Startups and Innovation)coreBulgarian startup ecosystem organization
- Business Angels EuropecoreEuropean association of business angel networks and groups
- SeedBlinkminorEuropean investment platform for startups and angels
- AescuvestminorEuropean healthcare/healthtech investment platform
- StartupActivatorminorStartup support organization
- StartupExcelsminorStartup ecosystem support organization
- VarnapreneurscoreLargest entrepreneurial community outside Sofia (200-300 founders at events). Partnership will unlock growth opportunities for Varna startup ecosystem through pitch events and angel investing education. Bulgarian Angels Club provides structure, capital access, and national investment network connections.
- EfinocoreThree experienced angel investors and entrepreneurs based in Switzerland, Spain and Dubai who partnered to deliver Business Angels Investment Academy curriculum covering investment strategy, due diligence, company valuation, and deal terms.
- META GroupcorePart of ESIL consortium - experienced partner in angel and early-stage finance ecosystem, supporting development of co-investment angel funds and transnational investment opportunities.
- The Founders InstitutecoreGlobal accelerator network whose graduates and network serve as a key deal flow source for Bulgarian Angels Club.
Scale indicators13 records
Recent moves8 records
Expansion highlights6 records
Bulgarian Angels Club competitors and assessment
Company assessmentDirect peers
- SeedBlink: European investment platform for startups and angels, listed as a BAC partner. Operates a tech-enabled co-investment model that competes directly with BAC for Bulgarian startup allocations while complementing it as a syndication channel.
- New York Angels: One of the largest US angel networks, credited on BAC's website as inspiration. Operates a very similar model: senior executives and entrepreneurs running syndicated angel rounds with educational programming, structured deal flow, and member-driven investment decisions.
- Band of Angels: US-based Silicon Valley angel group that has historically been a reference model for country/regional angel clubs. Similar structure of executive members performing pre-screening, syndication, and follow-on support to seed-stage technology companies.
- Keiretsu Forum: One of the world's largest global angel networks with regional chapters. Closely mirrors BAC's chapter-based model, structured pitch meetings, and syndication of equity rounds into pre-seed/seed startups.
- META Group: ESIL consortium partner and Central European angel/early-stage finance specialist that co-develops co-investment angel funds with BAC. Operates a comparable model of building regional angel communities with cross-border investment vehicles.
Broad incumbents
- Bpifrance: French public investment bank participating in the ESIL consortium with BAC. A broad incumbent in seed/early-stage finance across Europe, providing a public-sector reference point for angel fund infrastructure development.
- Business Angels Europe: Association of European angel networks and groups, listed as a core BAC partner. Provides benchmarking, transnational deal flow, and policy advocacy that are directly comparable to what BAC delivers at a country level.
- EBAN (European Business Angels Network): Pan-European federation of business angel networks listed as a core BAC partner. Acts as the umbrella organization for angel clubs like BAC, providing cross-border deal flow, policy advocacy, and EBAN membership services across Europe.
Regional players
- BVCA (Bulgarian Venture Capital Association): National VC industry association in Bulgaria, a core BAC partner. Operates in the same geography as BAC but at the institutional VC level rather than the angel/seed level, serving as a complementary (not directly competitive) ecosystem body.
- BESCO (Bulgarian Startup Ecosystem): Bulgarian startup ecosystem organization listed as a core BAC partner. While not a direct peer, it represents the broader national startup-support ecosystem in which BAC operates and from which it sources deal flow.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Bulgarian Angels Club social profiles
Digital presenceBulgarian Angels Club financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bulgarian Angels Club leadership team
Management profileNumber of profiles
Profiles6 records
Bulgarian Angels Club funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bulgarian Angels Club M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bulgarian Angels Club
What does Bulgarian Angels Club do?
Bulgarian Angels Club operates a syndicated angel investment network that connects senior-executive members with early-stage Bulgarian startups seeking EUR 10,000-200,000 in seed capital. The club manages deal flow through the GUST platform, screens opportunities, coaches entrepreneurs, and hosts four quarterly pitch meetings per year where members decide individually whether to invest. Complementary services include structured due diligence, term sheet templates, post-investment mentorship, and the Business Angels Investment Academy educational program.
Is Bulgarian Angels Club a public or private company?
Bulgarian Angels Club is a private company. It is classified as management employee owned and is currently operating.
When was Bulgarian Angels Club founded?
Bulgarian Angels Club was founded in 2016. It employs 1 to 10 people.
Where is Bulgarian Angels Club based?
Bulgarian Angels Club is headquartered in Sofia, Bulgaria, in the Europe region.
How does Bulgarian Angels Club make money?
Two revenue lines are on record. Success Fee is the primary driver. The others are annual Membership Fees.
Who are Bulgarian Angels Club's main competitors?
Direct peers on record are SeedBlink, New York Angels, Band of Angels, Keiretsu Forum and META Group. Broad incumbents are Bpifrance, Business Angels Europe and EBAN (European Business Angels Network). Regional players are BVCA (Bulgarian Venture Capital Association) and BESCO (Bulgarian Startup Ecosystem).
Does Bulgarian Angels Club have an API?
No public API is recorded for Bulgarian Angels Club.
What industry is Bulgarian Angels Club in?
Bulgarian Angels Club's product category is Angel Investment Network. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds, with a secondary code of FSANAAAM, Accelerators & Incubators (Investor-Operated). Its NAICS code is 52394 and its SIC code is 6282.