When was MGF Invest founded?

MGF Invest was founded in 2005.

Where is MGF Invest's headquarters located?

MGF Invest's headquarters is located in Sofia (Bulgaria).

How many companies has MGF Invest invested in?

MGF Invest has invested in 6 companies, including Native Teams & Icanpreneur.

Which companies has MGF Invest invested in lately?

Native Teams & TETMET are the latest investments by MGF Invest.

What sectors does MGF Invest focus on for investments?

Top sectors in MGF Invest's portfolio are Enterprise Applications (4 investments) and FinTech (1 investment).

MGF Invest - 2026 Investor Profile, Portfolio & Investment Trends

MGF Invest, established in 2005, is an angel investment group based in Sofia, Bulgaria. It primarily focuses on Seed investments in companies in Bulgaria. Its portfolio includes 6 firms, spanning the Enterprise Applications, FinTech sectors. Its most notable investments include companies like Native Teams, Icanpreneur and ONDO Smart Farming Solutions. Its latest investment was a $6.81M Series A round in Native Teams on May 16, 2024, which also saw participation from Eleven and Fil Rouge Capital.

To date, 6 investors have co-invested in MGF Invest's portfolio companies, including prominent names like Begin Capital.

Key Metrics

Founded Year

2005

Location

Sofia, Bulgaria

Portfolio Companies

Native Teams, Icanpreneur & 4 more

Sectors of Investment

Enterprise Applications, FinTech & 8 more

Stages of Investment

Seed & Series A

Locations of Investment

Bulgaria, France & 2 more

View MGF Invest's full profile

MGF Invest has a portfolio of 6 companies. Their most notable investments are in Native Spaces and ONDO Smart Farming Solutions.Their portfolio spans across Bulgaria, France, United Kingdom and 1 more locations. They have invested in Enterprise Applications, FinTech, Food and Agriculture Tech and 7 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by MGF Invest:

1. Native Teams

Cloud-based networking platform for freelancers. The platform offers features such as a calendar for event reminders, collaboration tools for communication, a work journal for work schedules & holiday leaves, and peer reviews. It monetizes on the subscription-based pricing model. It also offers tools for finance and accounting.

Key facts about Native Teams

Founded Year: 2020
Location: London (United Kingdom)
Stage: Series A
Total Funding till date: $8.73M
Employee Count: 351 as on Mar 31, 2026
Investors: Eleven, Begin Capital and 4 Others
Latest Funding Round: Series A, May 16, 2024, $*****

2. Icanpreneur

Key facts about Icanpreneur

Founded Year: 2021
Location: Sofia (Bulgaria)
Stage: Seed
Total Funding till date: $1.03M
Employee Count: 1 as on Jul 01, 2024
Investors: Sofia Angels Ventures, MGF Invest and 4 Others
Latest Funding Round: Seed, Nov 16, 2023, $*****

3. ONDO Smart Farming Solutions

Provider of automated drip irrigation management solutions and services. It also offers plant nutrition and climate control solution. The products include both hardware and software. Its irrigation leads to a decrease in water and energy usage and the automation eliminates human errors. It is a web-based technology where farmers can use on any smart device and its hardware box is installed on the farmer's site and is connected to sensors, pumps, valves, and other devices that will be controlled via the software.

Key facts about ONDO Smart Farming Solutions

Founded Year: 2019
Location: Sofia (Bulgaria)
Stage: Seed
Total Funding till date: $1.34M
Employee Count: 12 as on Jul 01, 2024
Investors: Eleven, BrightCap Ventures and 6 Others
Latest Funding Round: Seed, Nov 30, 2022, $*****
Highlight: Editors' Pick

4. Native Spaces

Online event venue discovery and booking platform. It allows event organizers to discover and book venues for various events, film shoots, seminars, weddings, and parties, and generate income through secure payments. It provides users with information about venue details, availability, price, amenities, event type, and more.

Key facts about Native Spaces

Founded Year: 2018
Location: Nice (France)
Stage: Seed
Total Funding till date: $2.16M
Employee Count: 5 as on Jul 01, 2024
Investors: MGF Invest and Vitosha Venture Partners
Latest Funding Round: Seed, May 23, 2023, $*****

5. FindMeCure

Online platform to search and compare clinical trials. Users can search for clinical trials using various criteria including the status of the trial (recruiting, completed, inactive, not recruiting), sponsor's background, treatment development stage, and placebo awareness among others.

Key facts about FindMeCure

Founded Year: 2015
Location: Sofia (Bulgaria)
Stage: Seed
Total Funding till date: $392K
Employee Count: 3 as on Dec 31, 2019
Investors: Techstars, VTI Capital and 2 Others
Latest Funding Round: Seed, Jan 05, 2023, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

MGF Invest has invested in 6 companies over the last 4 years, with an average of 1 new investment annually in the last 3 years. Its most recent first time investment was in Native Teams.

Here are MGF Invest's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	2	0	2
2023	3	0	3
2022	1	0	1

View all investments by MGF Invest

MGF Invest has made 5 investments in Seed stage with an average round size of $814K and 1 investment in Series A stage with an average round size of $6.81M.

Here are MGF Invest's investments by stage:

Stage of entry	No. of Investments
Seed	5
Series A	1

Note: We have considered here, only first round of investments

View all investments by MGF Invest

MGF Invest has a diverse portfolio, with companies operating in the Enterprise Applications, Business Services, Consumer, Environment Tech and FinTech. Notably, it has invested in 5 Tech companies, 4 Enterprise (B2B) companies, 3 Software companies and at least 1 company focusing on Consumer (B2C).

Here are MGF Invest's investments by sector:

Sector	No. of Investments
Enterprise Applications	4
Business Services	1
Consumer	1
Environment Tech	1
FinTech	1
Others	7

Note: We have considered here, only first round of investments

View all investments by MGF Invest

MGF Invest has made most investments in Bulgaria (3), followed by France where it has made 2 investments.

Here are MGF Invest's investments by geography:

Country	No. of Investments
Bulgaria	3
France	2
United Kingdom	1
Vietnam	1

Note: We have considered here, only first round of investments

View all investments by MGF Invest

MGF Invest has not made any investment in 2026 so far.

Here are the most recent investments by MGF Invest:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
May 16, 2024	Native Teams	United Kingdom	Series A	1631	Eleven [+2]
May 08, 2024	TETMET	France	Seed	3952	-
Nov 16, 2023	Icanpreneur	Bulgaria	Seed	1789	Sofia Angels Ventures [+4]
May 23, 2023	Native Spaces	France	Seed	5173	Vitosha Venture Partners
Jan 05, 2023	FindMeCure	Bulgaria	Seed	4747	Techstars

See more recent investments made by MGF Invest

Over the past 4 years, 18 investors have co-invested in MGF Invest's portfolio companies. This includes funds and angels.

Invested before MGF Invest: Eleven, Fil Rouge Capital and 10 others have invested in rounds before MGF Invest. There are 2 companies where Eleven has invested before MGF Invest and 1 company where Fil Rouge Capital has invested before MGF Invest.
Top Co-investors of MGF Invest: 6 investors entered a company along with MGF Invest. These include investors like Begin Capital (1 company).