DEV.BG

DEV.BG

A place for everyone who is interested in the creation, testing, and maintenance of software products.

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DateInvestorsAmountRound
N/A

€0.0

round

€200k

Valuation: €2.0m

Seed
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2020202120222023
Revenues0000000000000000
% growth-14 %92 %4 %
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Dealroom estimates

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More about DEV.BG
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DEV.BG operates as a specialized, marketplace-style platform focused on the information technology sector in Bulgaria. Established in Sofia in 2016 by co-founders Ivaylo Hristov, Svetoslav Dimov, and Mitko Vasilev, the company initially began as an IT community before evolving its business model. The founding team combines entrepreneurial experience with specific expertise; Hristov has a technical background and has co-founded several tech companies, Dimov concentrates on business development and marketing strategies, and Vasilev manages community engagement and events.

The company's core business revolves around its IT-exclusive job board, which connects tech professionals with potential employers. This platform serves over 1,500 companies by offering detailed employer profiles that showcase projects, technologies, and work methodologies. DEV.BG's revenue is generated through employer branding services, positioning companies in front of its extensive tech community both online and offline. The business model is designed to be traditional rather than a highly scalable tech venture.

A significant component of DEV.BG's strategy is community building through events. The company organizes more than 160 specialized tech events annually, including the large-scale conference DEV.BG All In One, fostering knowledge exchange among IT experts. This community-centric approach has attracted a network of over 30,000 professionals, representing a substantial portion of Bulgaria's tech workforce. Key milestones include the official launch of the job board in 2020 and a new employer branding platform in 2021. In March 2020, the company secured a €200,000 investment from SiteGround, which acquired a 10% stake, to further develop its platform and services.

Keywords: IT job board, tech community, employer branding, Bulgarian tech market, tech events, recruitment platform, IT professionals, knowledge sharing, career development, IT conference

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