When was TBS founded?

TBS was founded in 2001 and raised its 1st funding round 18 years after it was founded.

Where is TBS located?

TBS is headquartered in Sofia, Bulgaria.

How many employees does TBS have?

As of Jun 30, 2026, the latest employee count at TBS is 475.

Is TBS a funded company?

TBS is a funded company, having raised an undisclosed amount across 5 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Feb 01, 2019.

When was the latest funding round of TBS?

TBS's latest funding was a $***** Post IPO round on Jun 08, 2023, with participation from 1 investor.

What is the annual revenue of TBS?

Annual revenue of TBS is between $1M and $10M as on Dec 31, 2022

Where does TBS rank among its competitors?

TBS ranks 977th amongst 130698 active competitors, of which 1023 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Accenture, which secured an undisclosed amount in Mar, 2024.

Who are the top competitors of TBS?

TBS's top competitors include IBM, Hewlett Packard Enterprise and Mindtree. Among them, Accenture secured the most recent funding round in March, 2024.

TBS - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Website: www.tbs.tech/
Social
Email ID: *****@tbs.tech
Phone Number: +359 **********

Key Metrics

Founded Year

2001

Location

Sofia, Bulgaria

Stage

Public

Latest Funding Round

Post IPO, Jun 08, 2023, $*****

Investors

Utilico Emerging Markets Trust & 2 more

Ranked

977^th among 130698 active competitors

Annual Revenue

$1M - $10M as on Dec 31, 2022

Employee Count

475 as on Jun 30, 2026

Investment & Acquisitions

Actual IT & 1 more

Similar Companies

Neptune Technology Group & 227 more

Exit Details

Public

View TBS's full profile

TBS is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Telelink Business Services d.o.o. CIN: 45520380283 , Croatia, Active	Nov 25, 2020	$1M - $10M (As on Dec 31, 2022)	-

TBS got listed on Jun 06, 2020.

Click here to take a look at TBS's IPO in detail

TBS has raised funding over 5 rounds. Its first funding round was on Feb 01, 2019. Its latest funding round was a Post IPO round on Jun 08, 2023 for $*****. 1 investor participated in its latest round. TBS has 3 institutional investors.

Here is the list of recent funding rounds of TBS:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 08, 2023	9073696	Post IPO	9657761	1726200	2493406	9895094
Sep 06, 2021	2582977	Grant (prize money)	5137938	3949367	9322046	Europa
Feb 01, 2021	8337601	Grant (prize money)	4918662	9043850	2333509	Europa

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View details of TBS's funding rounds and investors

The founders of TBS is Lubomir Minchev. Ivan Zhitiyanov is the CEO of TBS.

Here are the details of TBS's key team members:

Lubomir Minchev: Co-Founder of TBS.
Ivan Zhitiyanov: CEO of TBS.
Contact Info: 1 email address

View details of TBS's Founder profiles and Board Members

TBS's employee count trend

TBS has 475 employees as of Jun 26. Here is TBS's employee count trend over the years:

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Top competitors of TBS include IBM, Hewlett Packard Enterprise and Mindtree. Here is the list of Top 10 competitors of TBS, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IBM 1911, Armonk (United States), Public	Provider of hybrid cloud, artificial intelligence, and IT consulting services	-	Berkshire Hathaway, Runway & 22 others	81/100
2nd	Hewlett Packard Enterprise 2015, Houston (United States), Public	Provider of edge-to-cloud solutions, products, and services for enterprise organizations	-	Kleiner Perkins, Draper Athena & 2 others	78/100
3rd	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Walden Israel ... & 9 others	78/100
4th	UST 1999, Aliso Viejo (United States), Late Stage	Provider of data analytics, cloud modernization, management strategy, and digital transformation services	$250M	Temasek, MFAR & 1 others	76/100
5th	Infosys 1981, Bengaluru (India), Public	Provider of consulting, data analytics, and IT services	-	Nepean Capital, ChrysCapital & 1 others	75/100
6th	Accenture 1989, Dublin (Ireland), Public	Provider of IT consulting, technology, and outsourcing services	-	ngn-capital.com, Bondeinvest.com & 6 others	75/100
7th	EPAM 1993, Newtown (United States), Public	Provider of software development, data analytics, and other IT suite services	$50M	Merifin Capital, VTB Capital Investment Management ... & 8 others	74/100
8th	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	CRV, EQT & 8 others	73/100
9th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	73/100
10th	Valtech 1993, Paris (France), Acquired	Provider of diversified application development, IT consulting, and digital transformation services	-	Verlinvest, Kharis Capital & 3 others	73/100
977th	TBS 2001, Sofia (Bulgaria), Public	Provider of IT managed services	-	Utilico Emerging Markets Trust, Europa & 1 others	43/100