Ivaylo Penchev is the co- founder and CEO of Walltopia, the largest climbing wall manufacturer in the world.
However, he dropped out in 1994 as he got involved in trade and, ultimately, the development of Walltopia.
[5] He praised the efforts of Sofia Pride 2018, stating, "I realized that they felt unaccepted and because of their difficult situation they are trying to find their own happiness.
That’s why we decided to support Sofia Pride – people should not be afraid to be themselves no matter what".
[6] In March 2020, the University Alexandrovska Hospital rejected a conditional donation offer by Penchev to purchase respiratory equipment as Penchev had tried to require that the employees of his company Walltopia have priority for use of the devices, including for those already in use by other patients.