Innovation Capital is a venture capital fund based in Sofia, Bulgaria, with a total funding amount of EUR 21. 1 million. The primary objective of this fund is to provide equity and quasi-equity funding to Bulgarian startup companies.

The fund focuses on key high-priority sectors in the local economy that have the potential for disruptive and scalable innovation. Innovation Capital supports these businesses by offering professional innovation management services to both start-ups and scale-ups. The ultimate goal is to help these businesses grow to scale and establish vertical or horizontal integration with well-established international companies and innovation leaders.

Innovation Capital offers three investment tracks: Acceleration, Pre-Seed, and Seed. Each track has its own criteria and funding limits depending on the company's stage of development and revenue. The fund seeks companies in priority industries such as enterprise software, e-commerce, financial services, education, automotive, healthcare, entertainment, and more