2024 Revenue
$18.5M
Funding
$0
YOY
91.4%
Team
87
Founded
2003
How SoftGroup CEO Venelin Dimitrov grew to $18.5M revenue with a 87 person team in 2024.
SoftGroup is a Bulgarian software company that creates technological solutions in order to prevent one of the global challenges in the field of the pharmaceutical industry, namely medical counterfeiting. This process is carried out by SoftGroup SaTT (Serialization and Track&Trace) - a mass serialization system and centralized management of pharmaceutical packaging. The main focus of our work is to create a complete solution tailored to European specifics as well as Russian requirements - software, hardware, and all other related services as support issues. Founded in 2003, today the company is a well-established partner of many pharmaceutical companies in Bulgaria, Germany, Ireland, the Czech Republic, Poland, Iceland, Slovakia, Russia, Cyprus, Romania, and North Macedonia.
Last updated
SoftGroup Revenue
In 2024, SoftGroup's revenue reached $18.5M. The company previously reported $9.7M in 2023. Since its launch in 2003, SoftGroup has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | SoftGroup Hit $18.5m revenue in October 2024 | |
| 2023 | SoftGroup Hit $9.7m revenue in December 2023 | |
| 2021 | SoftGroup Hit $6.7m revenue in April 2021 | |
| 2003 | Launched with $0 revenue |
SoftGroup Valuation, Funding Rounds
SoftGroup is a bootstrapped Pharmaceutical Distribution Software startup. Founded in 2003, SoftGroup has grown to $18.5M in revenue without raising any venture capital or outside funding.
As a self-funded Pharmaceutical Distribution Software SaaS company, SoftGroup has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Venelin Dimitrov
CEO
Venelin is the Founder and the Chief Executive Officer of SoftGroup. His IT voyage begins more than 20 years ago and determines his in-depth technical knowledge in software engineering. Considering himself as a convergent thinker from an early age, he is a passionate technophile and highly experienced entrepreneur. His craftsmanship in setting the right direction and the excellent business savvy are the main pillars that helped him to establish SoftGroup as a reliable technology partner that delivers traceability technology worldwide. Aside from entrepreneurship, Venelin enjoys high-speed driving experience and fishing. Mr. Dimitrov holds a Master’s Degree in Computer Science from Veliko Tarnovo University.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
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| Advice for 20 year old self | - |
Customers
We do not have customer count information for SoftGroup yet.
SoftGroup Employees & Team Size
SoftGroup employs approximately 87 people as of 2026, down from 96 in 2023.
| Year | Milestone |
|---|---|
| 2024 | Reached 87 employees (December 2024) |
| 2024 | Reached 96 employees (October 2024) |
| 2023 | Reached 96 employees (December 2023) |
| 2022 | Reached 84 employees (December 2022) |
| 2021 | Reached 80 employees (December 2021) |
| 2021 | Reached 80 employees (April 2021) |
Frequently Asked Questions about SoftGroup
What is SoftGroup's revenue?
SoftGroup generates an estimated $18.5M in annual revenue.
Who founded SoftGroup?
SoftGroup was founded by Venelin Dimitrov.
Who is the CEO of SoftGroup?
The CEO of SoftGroup is Venelin Dimitrov.
How much funding does SoftGroup have?
SoftGroup is bootstrapped and has not raised outside funding.
How many employees does SoftGroup have?
SoftGroup has 87 employees.
Where is SoftGroup headquarters?
SoftGroup is headquartered in Sofia, Bulgaria.
Compare SoftGroup to the industry
SoftGroup operates across multiple industries. Browse revenue, funding, and growth data for SoftGroup in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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