Adventure Net Ltd.

What Adventure Net Ltd. does

Adventure Net Ltd. (АДВЕНЧЪР НЕТ ЕООД) is a Bulgarian adventure tourism operator founded in 2001 and headquartered in Sofia. The company organizes and guides outdoor adventure experiences including white-water rafting on the Struma, Tara, and Arda rivers; kayaking on rivers, lakes, and coastal waters; canyoning; ski and snowboard instruction in Bansko and Rila Lakes; and structured children's camps (sea, mountain, adventure, winter, and rafting formats). It also runs corporate teambuilding programs with multiple themed variants. The company operates as the first and only International Rafting Federation (IRF) licensed tour operator in Bulgaria, with all rafting guides IRF-certified, and holds Bulgarian Ministry of Tourism tour operator licensing as well as Bulgarian Ski School Association affiliation. Its competitive rafting team has won 8 Bulgarian championships.

The company serves a primarily direct-to-consumer market of individual adventure seekers, families, and corporate groups through its own e-commerce website, walk-in offices in Sofia and Bansko, and a proprietary seasonal operations base at Kresna Gorge along the Struma River. A winter base at Rila Lakes supports ski operations. Revenue is generated through one-time activity bookings priced from €40 per person for standard rafting up to €70 for full-day rafting, €279-€389 for multi-day children's camps, and €40-€140 for gift vouchers, with optional add-ons including photography, meals, and equipment rental. Distribution is exclusively domestic and direct, supplemented by inbound international tourists (notably rafting on Tara River in Bosnia and Herzegovina). Marketing relies on organic social media (Facebook, Instagram, YouTube, TikTok), TripAdvisor reviews, SEO, and email newsletters. No external investment, M&A activity, or leadership changes have been disclosed; the company is represented by Emiliya Begunova and appears founder-owned.

Name

Adventure Net Ltd.

Legal name

АДВЕНЧЪР НЕТ ЕООД

Website

https://adventurenetbg.com

Company type

Private

Founded year

2001

Operating status

Operating

Short description

Adventure Net is a Bulgarian adventure tourism operator offering rafting, kayaking, skiing, canyoning, children's camps, and corporate teambuilding across domestic and select international rivers, serving individual consumers, families, and corporate groups through direct booking channels.

Ownership category

akta.pro rank

Product category

Adventure Tourism Services

NAICS

Tour Operators (56152), Scenic and Sightseeing Transportation, Water (487210)

SIC

Services-Amusement & Recreation Services (7900), Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Water & Marine Guiding Services (Kayak, Canoe, Raft, SUP, Sailing) (THAAALAB)

akta.pro secondary industries

Canyoning, Caving & Technical Exploration (THAJABAG), Guided Backcountry & Off-Piste Services (Ski Touring, Splitboarding, Heli/Cat Skiing) (THAAAJAD), Adventure & Expedition Travel Agencies (THAKAFAB)

Keywords

• White water rafting
• Adventure tourism services
• Corporate team building
• Ski and snowboard instruction
• Outdoor recreation activities

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Adventure Activity Bookings: Direct sales of adventure experiences including rafting, kayaking, skiing, snowboarding, teambuilding programs, and children's camps. Customers book through website, phone, email, or office visits.
2. Gift Vouchers: Sale of electronic and paper gift vouchers for adventure experiences. Vouchers are available for specific activities or as open-value certificates. Valid for 1 year, can be exchanged for different services.
3. Equipment Rental and Add-ons: Additional revenue from optional photography services (35€ per boat), video recording, meals, overnight stays, and equipment rental.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Adventure Net Ltd. is a Bulgarian adventure tourism operator providing professionally guided outdoor experiences, primarily white-water rafting on the Struma, Tara, and Arda rivers, complemented by kayaking, canyoning, ski and snowboard instruction, multi-day children's adventure camps, and corporate teambuilding programs. All activities are delivered using the company's own IRF-certified guides and instructors, full equipment, and dedicated facilities including a proprietary rafting base in Kresna Gorge. The company serves individual consumers, families, and corporate groups throughout the year.

Product overview

Adventure Net is an adventure tourism operator offering a comprehensive portfolio of outdoor experiences across Bulgaria and select international destinations. The core offering centers on white-water rafting (Struma, Tara, Arda rivers) with complementary activities including kayaking, canyoning, and ski/snowboard instruction. The product line is organized around five main categories: (1) Rafting services spanning standard, full-day, family, teambuilding, and children's camp variants; (2) Kayaking experiences including river and sea-based weekend expeditions; (3) Winter sports with ski/snowboard schools in Bansko and Rila Lakes plus equipment rental; (4) Children's camps across sea, mountain, and adventure formats; (5) Corporate teambuilding programs combining various adventure activities. Gift vouchers in electronic and physical formats provide flexible gifting options. All services are coordinated through their own licensed guides and instructors, with operations based at their proprietary rafting camp in Kresna Gorge.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 99.5% positive review rate from customers
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Bulgarian Canoe Kayak Federation (БKO)coreStrategic or Co-development Partner · 15 October 2010Co-organizer of the First State Rafting Championship (15-17.10.2010) in disciplines slalom, sprint, head to head and downhill, category R4. Adventure Net's club was official organizer with federation support.
• Bulgarian Kayak Society (Българско Каяк Общество)minorStrategic or Co-development Partner · 17 July 2010Joint eco-regatta initiative to clean garbage from the Struma River using rafting boats and kayaks. Demonstrates environmental commitment and community collaboration.
• Bulgarian Canoe Kayak Federation (БКО)coreStrategic or Co-development Partner · 17 October 2009Partnership in organizing the first Regional Rafting Championship 2009 and other national competitions. The Bulgarian Canoe Kayak Federation supported the organization of the First State Rafting Championship in 2010.
• Rafting Club Canyon (Каньон)coreStrategic or Co-development Partner · 4 March 2009Partner in organizing the first IRF-certified rafting guide training course in Bulgaria. Co-organizer of professional training programs for Bulgarian rafting guides.
• Bulgarian Red Cross (БЧК)minorStrategic or Co-development PartnerCollaboration for first aid training lectures included in children's camps. Bulgarian Red Cross provides training support for children's safety education.
• Bulgarian Ski School AssociationcoreChannel Partner/ Reseller/ DistributorLicensed ski and snowboard school certified by Bulgarian Ski School Association and БПСИ. Official partner for ski instruction services in Bansko and Rila Lakes.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Regional players

• Riverbug: UK-based white water rafting and adventure experience operator serving primarily British customers. Comparable as a guided rafting experience provider with similar product offering, though operating in a different geographic market focused on UK rivers and European destinations.
• Ulen Bansko: Bulgarian ski school and equipment rental operator based in Bansko, member of Bulgarian Ski School Association. Comparable as a licensed ski instruction provider in the same Bansko market where Adventure Net operates its ski school.

Direct peers

• Rafting Center Montenegro: Montenegro-based rafting operator running trips on the Tara River, which Adventure Net also accesses from Bosnia. Comparable as a Southeast European white-water rafting operator targeting international adventure tourists with similar guided river experiences.
• Active Bulgaria Adventure Tours: Bulgarian adventure tour operator offering packaged adventure experiences, hiking, and outdoor activities. Comparable as a domestic adventure tourism provider targeting similar tourist and corporate teambuilding segments.
• Paddle Bulgaria: Bulgarian kayaking and paddle sports tour operator offering similar water-based adventures on Bulgarian rivers including the Struma. Directly comparable as a Bulgarian adventure tourism provider targeting tourists and outdoor enthusiasts with comparable customer segments.
• Bansko Ski School: Licensed ski and snowboard school operating in Bansko, the same resort where Adventure Net runs its ski school. Directly comparable on winter sports instruction, equipment rental, and similar customer base in the Bansko/Pirin region.
• Wild Rafting Balkans: Southeast European rafting operator running guided rafting trips on the Tara and other Balkan rivers. Comparable as a regional white water rafting experience provider serving similar international adventure tourism segments.
• H2O Adventure Bulgaria: Bulgarian water sports and adventure operator offering rafting, kayaking, and water-based activities on Bulgarian rivers. Comparable as a domestic Bulgarian water adventure competitor with similar product offerings and customer segments.
• Mountain Adventure Bulgaria: Bulgarian adventure tour operator offering mountain-based activities including hiking, climbing, and outdoor experiences in the Pirin and Rila mountain ranges. Directly comparable as a domestic Bulgarian adventure tourism competitor serving similar tourist segments.
• Balkan Outdoor Adventures: Regional Southeast European adventure operator offering multi-country adventure packages including rafting, hiking, and outdoor experiences. Comparable as a cross-border adventure tourism provider targeting similar international tourist segments.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/adventurenetBG
• Facebookfacebook.com/AdventureNetRafting/?
• Instagraminstagram.com/adventurenet_rafting_bulgaria
• TikToktiktok.com/@adventure.net

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Adventure Net Ltd.