Discover Walltopia: the world's leading climbing wall manufacturer

Walltopia, a global leader in artificial climbing structures, has built over 1,500 projects across 50 countries since its founding in Bulgaria in 1998. With support from BlackPeak Capital, backed by the EIF under the JEREMIE initiative, the company expanded its portfolio and introduced Funtopia, an innovative indoor climbing experience for kids, to new markets.

Walltopia is one of the world's foremost manufacturers of artificial climbing structures. Founded in Bulgaria, the company operates on 6 continents through offices in the USA, UK, Canada, Germany, Austria, Russia and Asia Pacific. To date, Walltopia has built more than 1500 projects in 50 countries.

Good news

Climbing was recently added to the official programme of the 2020 Olympic Games in Tokyo. The announcement by the International Olympic Committee in August 2016 came as a major leap forward in the development of this sport and a timely response to its rising popularity around the world. These are excellent news for Walltopia's further growth in close future.

When variety makes the difference

Walltopia offers different types of climbing walls with variations in design style, use (indoor or outdoor) and purpose (climbing gyms, school and universities, shopping centres, parks, hotels, recreational areas and many others). The company’s services range from architecture and design to assembling, maintenance and inspection.

We were pleased to see increased venture capital activity supporting innovation in Bulgaria ”

- Ivaylo Penchev, CEO

Research and development as driving forces

Walltopia employs the highest number of engineers, designers and full time technicians in the industry. Thanks to their in-house R&D department, Walltopia stays at the forefront of innovations and strives to combine the most up-to-date look with the latest available technology.

Key role of the EIF backed investment

BlackPeak Capital, a co-investment growth equity fund backed by EIF under the JEREMIE initiative in Bulgaria, saw an opportunity in supporting Walltopia’s impressive growth and innovative products. The investment helped the company expanded its portfolio of products and services, supporting the global roll-out of Funtopia, an amusement concept for indoor climbing for kids, which was previously launched successfully in Bulgaria, the U.S., Canada, and Israel.

“We were happy to share our passion for the product with investors who can drive value beyond money. As a rising eastern European company, we were pleased to see increased venture capital activity supporting innovation in Bulgaria”, said Ivaylo Penchev, CEO of Walltopia.