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Radar · Gaming in Bulgaria

Best Gaming Companies in Bulgaria

The 41 best Gaming companies in Bulgaria in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Cryowar.

41companies tracked
$5.2Mdisclosed funding
0unicorns
5have raised
Sources & further reading
  • ResearchAndMarkets.com
  • Statista
FLIAR INTELLIGENCE · GAMING × BULGARIA

Our analysis of 180 Gaming companies

$26.0b in tracked funding; 90% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.

180companies analysed
90%cloud-native stacks
2024funding peak (by rounds)
14unicorns
2020median founding year

Ranked: Best Gaming companies in Bulgaria

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackRecent signals
1Cryowar
Provider of blockchain multiplayer game for PC and mobile
$4M57 mo agoFunding RaisedNikolai Petrovich
CEO
2017Proton MailNode.jsTailwind CSS+8—
2Repulse
Game development company based out of Bulgaria
$2M174 mo agoEarly Stage—1997——
3Parudi
Mobile game development studio
$34K155 mo agoDeadpooledOana Bratu
Co-Founder
2012——
4Rebellious Software
Video game developer & publisher studio
—98 mo agoSeedPavel Kolev
CEO
2014——
5Bincode Entertainment
Mobile games developer
—126 mo agoDeadpooled—2015——
67777gaming
Provider of igaming platform for operators and developers
——UnfundedMilen Ganev
CEO
2020BootstrapRequireJSGSAP+8—
7Augment
Cloud based platform offering gaming data analytics solutions
——Funding Raised—2020——
8Beast Burst
Developer and publisher of mobile-based multi-player games
——UnfundedVenelin Vasilev
CEO
2020Cart FunctionalityPHPD3+47—

Top 5 Gaming companies in Bulgaria

#1
Funding Raised · Bulgaria · founded 2017 · 5 employees
$3.7Mraised
▾

Provider of blockchain multiplayer game for PC and mobile. Cryowar is a real-time multiplayer skill-based PVP arena NFT game with unique characters and competitive gameplay.

Funding rounds
  • Nov 2021ICO$3.7M
Founders & team
Nikolai PetrovichCEO
Investors
RR2 Capital, Vendetta Capital, Mont Global, GAINS Associates, GD10 Ventures, Yacht Club Capital
#2
Early Stage · Plovdiv, Plovdiv Province · founded 1997
$1.5Mraised
▾

Game development company based out of Bulgaria

Investors
Signia Venture Partners
#3
Deadpooled · Sofia, Sofia City Province · founded 2012
$33.8Kraised
▾

Parudi was a game development studio based in Bulgaria. The company focused on the development of casual games for mobile platforms and was accepted by Eleven Accelerator Venture Fund in Bulgaria. The company released its first game 'Spot the Number' - a number spotting puzzle game in 2012. The company appears to have closed its operation in January, 2015.

Funding rounds
  • Sep 2013Seed$33.8K
Founders & team
Oana BratuCo-FounderAdrian PasaricaCo-Founder & CEO
Investors
Eleven Ventures
#4
Seed · Sofia, Sofia City Province · founded 2014 · 8 employees
—raised
▾

Rebellious Software is a video game developer & publisher studio. The company specializes in developing core games. Some of the games developed by the company include "World Of Myths" & "Animals At Wars". These games are available on the Mobile, Web & Steam platform.

Funding rounds
  • 2018Seed—
Founders & team
Pavel KolevCEO
Investors
Eleven Ventures, VTI Capital
#5
Deadpooled · Sofia, Sofia City Province · founded 2015 · 2 employees
—raised
▾

Bincode Entertainment is a mobile games developer based in Sofia, Bulgaria. Founded in 2015, the company is developing a RPG mobile game called "Svarog: The Awakening" based on Slavic mythology. The company is planning to make money through in-app purchases and is backed by Eleven accelerator program

Funding rounds
  • Feb 2016Seed—
Investors
Eleven Ventures

Funding & investor landscape

$5.2Mtotal disclosed funding
3companies funded
2disclosed rounds
0rounds last 90 days
Most active investors
Eleven Ventures7 rounds
Innovation Capital2 rounds
VTI Capital2 rounds
Basics Capital1 rounds
GAINS Associates1 rounds
GD10 Ventures1 rounds
Investiply Ventures1 rounds
LAUNCHUB1 rounds
Lavender Capital1 rounds
Mont Global1 rounds

Notable founders

Nikolai Petrovich
CEO · Cryowar
Oana Bratu
Co-Founder · Parudi
Adrian Pasarica
Co-Founder & CEO · Parudi
Pavel Kolev
CEO · Rebellious Software
Prism market signals · Bulgaria · country-scoped Prism corpus, 498,129 docs

Market landscape — 10 sub-themes by coverage

Share of Gaming coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · Bulgaria

How research on Gaming Technology is moving in Bulgaria

A read on the academic research around Gaming Technology — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 7 Bulgaria-affiliated papers.

top research entities
  • Technical University of Sofia3
  • Institute of Mathematics1
  • Institute of Information Technologies1
  • Todor Kableshkov University of Transport1
  • Shumen University1
leading researchers
Edvinas Danevičius · Rytis Maskeliūnas · Robertas Damaševičius · Dawid Połap · Marcin Woźniak · V.R. Krstić · Igor Mekterović · Aykut Ismailov
▲ Breakthroughs1 · 14%
0%→0% share
0 median citations100% since 2021mostly methods-led
Breakthroughs are cooling (0%→0% of field), led by Rendering (computer graphics).
rising sub-themes (early→recent)
  • Rendering (computer graphics)1
  • Tracing1
  • Path tracing1
  • Real-time rendering1
  • Real-time computing1
◆ Advancements6 · 86%
0%→0% share
1 median citations50% since 2021mostly methods-led
Advancements are cooling (0%→0% of field), led by Game engine.
rising sub-themes (early→recent)
  • Game engine4
  • Physics engine3
  • Scripting language2
  • Robot2
  • Virtual reality2
Landmark A Soft Body Physics Simulator with Computational Offloading to the Cloud · 11 cites

Common questions

How many Gaming companies are there in Bulgaria?
Radar tracks 41 indexable Gaming companies headquartered in Bulgaria that meet our profile-completeness bar.
What is the total funding raised by Gaming companies in Bulgaria?
The Gaming companies in Bulgaria on this list have raised a combined $5.2M in disclosed equity funding across 3 funded companies.
Which is the highest-funded Gaming company in Bulgaria?
Cryowar is the highest-funded Gaming company in Bulgaria, with $3.7M in disclosed equity funding.
How many Gaming companies in Bulgaria are funded?
3 of the 41 Gaming companies in Bulgaria on this list have disclosed at least one equity funding round.
How many Gaming unicorns are there in Bulgaria?
None of the Gaming companies in Bulgaria on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Bulgaria Gaming companies?
The most active investors in Bulgaria Gaming companies on this list include Eleven Ventures, Innovation Capital, VTI Capital, Basics Capital, GAINS Associates.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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