The Startup Ecosystem of Varna
Varna has 37 startups in our sample database. This represents about 9% of Bulgaria’s startups. Varna is the 2nd best startup ecosystem in Bulgaria.
CITY RANKING
In 2024, the startup scene of Varna shows much promise after advancing in the Global Ecosystem Index by 35 spots.
National Ranking
In Bulgaria
Regional Ranking
In Eastern Europe
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Startups
Varna Top Startup Industries
20 startups
Ecosystem HealthCheck
Varna Ecosystem Health Check
The health check tables allow you to look at the performance Varna has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Varna
Showing 1 – 20 out of 37
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Startup Ecosystem Charts
Startup Funding in Varna2017 - 2024
Startup Funding in Varna 2017 - 2024
From 2022 to 2023, startup funding in Varna has decreased by 99.9%. During this period, the number of deals in Varna has decreased by 66.67%. Since 2017, total startup funding in Varna exceeded US$ $8.05M.
Average Funding in 2023
$5.00K
Funding in 2023
$5.00K
Deals in 2023
1
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Varna
Global Rank
Varna is ranked within the top 1000 startup ecosystems globally.
Top Industries
Varna’s startups excel particularly in Software & Data where it ranks 444 and in Social & Leisure, and Edtech. Find out more
Top Cities for Startups in Bulgaria - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
1st 0 | 117th + 2 | 6.475 | 1.568 | 2.232 | 2.675 | |
2nd 0 | 619th + 35 | 0.310 | 0.052 | 0.124 | 0.134 | |
3rd 0 | 977th new | 0.122 | 0.035 | 0.034 | 0.053 |
ECOSYSTEM
Why should you join Varna's Startup Ecosystem?
Overview
Within Varna there is an increased attraction for entrepreneurs to set up their startups in industries such as Software & Data, Social & Leisure, Edtech. These three industries represent about 70% of the startups represented on the Startup Ecosystem Map of Varna.
2nd
National Rank
42nd
Regional Rank
Overview
Varna is Bulgaria's 2nd best startup ecosystem and is ranked 42nd in Eastern Europe. With a population of 0.1M - 0.5M people, Varna is ranked 619th in the world. The city has some notable startup success stories including Columbo.
ECOSYSTEM
Startup Infrastructure in Varna
BLOG
Recent Posts
Mon Apr 14 2025
From Service-Based to Product-Based Economy – Lessons from North Macedonia
In this special episode of the Startup Ecosystem Podcast, we revisit a conversation from two years ago, recorded during a visit to North Macedonia. Eli David Rokah, CEO of StartupBlink, sits down with Igor Madjov, founder of Startup Macedonia, to explore how Skopje is evolving from a service-based IT outsourcing city into a product-driven startup […]
Wed Apr 02 2025
Corporate Startup Activity Index 2025
For the first time ever, 372 corporations across 30 countries, 11 major industries, and 10 sub-industries have been ranked based on how actively they engage with startups. StartupBlink’s Corporate Startup Activity Index is the world’s first benchmark for corporate startup engagement — powered by real data, global partnerships with top corporations, governments and data sources, […]
Thu Mar 06 2025
The Impact of Government Support on Startups
A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]