// STARTUP AUTOPSIES · COUNTRY

Startup Failures in Bulgaria

6 startup autopsies from Bulgaria. Each includes the exact cause of failure, verified financial data, and the documented failure pattern.

6 autopsies · newest deaths first

Nexo

cryptoBulgaria2023

The Bulgarian crypto lender that survived 2022 but collapsed under regulatory and fraud allegations in 2023

Regulatory Kill

Transmetrics

logisticsBulgaria2022

Logistics demand forecasting wiped out by a merger it had no data model to predict.

Bankruptcy

FinOva

fintechBulgaria

Bulgarian neobank exited consumer retail as Revolut and N26 dominated the market

Market Exit

Telerik Bulgaria Retreat

saasBulgaria

Bulgarian developer tools leader hollowed out after Progress Software acquisition

Acqui-hire

BulgariaFin

fintechBulgaria

Bulgaria fintech: Fibank Phyre, UniCredit, Revolut (600K+), Postbank, and the EU neobank expansion made Bulgaria's 6.5M population a multi-product market with no independent gap

Slow Death

SofiaAI

aiBulgaria

Bulgaria's retail AI that validated its product at home and couldn't sell it abroad

Acqui-hire

// IS YOUR STARTUP HERE?

If your startup is already in the dataset, use the "Claim this autopsy" link at the bottom of its page to add first-hand context. If it's not, submit it.

SUBMIT YOURS →

Startup Failures in Bulgaria

// BY SECTOR

// BY CAUSE