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 Aug 31, 2026, the latest employee count at TBS is 476.

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 304th amongst 140669 active competitors, of which 1038 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, UST and Infosys. Among them, Accenture secured the most recent funding round in March, 2024.

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

TBS is a public company based in Sofia (Bulgaria), founded in 2001 by Lubomir Minchev. It operates as a Provider of IT managed services. TBS has raised an undisclosed amount in funding. The company has 140669 active competitors, including 1038 funded and 7956 that have exited. Its top competitors include companies like IBM, UST and Infosys.

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

304^th among 140669 active competitors

Annual Revenue

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

Employee Count

476 as on Aug 31, 2026

Investment & Acquisitions

Actual IT & 1 more

Similar Companies

Badger Meter & 245 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	2413431	Post IPO	8016385	1434238	8744093	9255483
Sep 06, 2021	2963811	Grant (prize money)	9618944	8038215	5212104	Europa
Feb 01, 2021	2039303	Grant (prize money)	3317885	6756665	7210854	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 476 employees as of Aug 26. Here is TBS's employee count trend over the years:

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Top competitors of TBS include IBM, UST and Infosys. 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	77/100
2nd	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
3rd	Infosys 1981, Bengaluru (India), Public	Provider of consulting, data analytics, and IT services	-	Nepean Capital, Seaside Private Capital & 1 others	75/100
4th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	73/100
5th	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	EQT, Back Bay Group & 8 others	73/100
6th	Happiest Minds Technologies 2011, Bengaluru (India), Public	Provider of IT suite services	$64.8M	Canaan, Trident Trust & 37 others	73/100
7th	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Walden Israel ... & 9 others	73/100
8th	Sutherland 1986, Pittsford (United States), Late Stage	Provider of business process and technology management services	$60M	Affirma Capital, Oak Investment Partners & 3 others	73/100
9th	Accenture 1989, Dublin (Ireland), Public	Provider of IT consulting, technology, and outsourcing services	-	ngn-capital.com, Bondeinvest.com & 6 others	73/100
10th	Valtech 1993, Paris (France), Acquired	Provider of diversified application development, IT consulting, and digital transformation services	-	Verlinvest, AB InBev & 3 others	72/100
304th	TBS 2001, Sofia (Bulgaria), Public	Provider of IT managed services	-	Utilico Emerging Markets Trust, Europa & 1 others	52/100