A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. Bulgaria has more than 8.9K+ startups. Of these, 2 have become Unicorns, with the latest entrant to the club being EnduroSat on Sep 16, 2026. In 2026, Bulgaria has seen 1 new unicorn startup (as of 07 October).
Globally, Bulgaria is number 42 in terms of total Unicorns created, behind Bangladesh (2 unicorns) at rank 41 and Argentina (2 unicorns) at rank 40. Sofia leads the list of cities in Bulgaria with most unicorns at 2. Among sectors, Enterprise Applications has seen the most unicorns created at 2, followed by Consumer at 2, and FinTech at 1
Here is a list of all 2 unicorns created in Bulgaria:
2. EnduroSat
EnduroSat joined the Unicorn Club on Sep 16, 2026 after raising a $***** Series C funding round led by Riot, Atreides Management.
Satellite manufacturer and space-service provider building software-defined satellites. The company designs, builds and operates software-defined satellites for commercial, government and defense missions in low Earth orbit (LEO). Its modular platforms are fully engineered and manufactured in-house and span 8U–16U CubeSat buses, the ESPA-class FRAME S and FRAME L, and the high-power FRAME Max, which can weigh up to 500kg. EnduroSat also provides an end-to-end space service on a fixed-cost basis, covering mission design, payload integration, launch and in-orbit operations.
Key facts about EnduroSat
- Founded Year: 2015
- Location: Sofia (Bulgaria)
- Stage: Series C
- Primary Sector: Space Tech
- Time to Unicorn: 11 years 8 months
- Top investors : Founders Growth Equity Fund, Atreides Management
- Total Funding till date: $372M
- Employee Count: 297 as on Aug 31, 2026
- Latest Funding Round: Series C, Sep 16, 2026, $*****
1. Payhawk
Payhawk joined the Unicorn Club on Mar 01, 2022 after raising a $***** Series B funding round led by Lightspeed Venture Partners, valuing it at $*****.
Provider of spend management platform with AI-powered automation and control. The platform offers tools for managing corporate cards, business accounts, payments, and expenses. It facilitates accounts payable automation, business travel management, and multi-entity management. The platform provides integrations and an API for connecting with other finance tools.
Key facts about Payhawk
- Founded Year: 2018
- Location: Sofia (Bulgaria)
- Stage: Series B
- Primary Sector: Payments, Finance & Accounting Tech and Online Travel
- Time to Unicorn: 4 years 2 months
- Top investors : Earlybird, QED Investors
- Valuation: $*****
- Total Funding till date: $239M
- Employee Count: 472 as on Aug 31, 2026
- Latest Funding Round: Series B, Mar 01, 2022, $*****
