Eleven Ventures

Eleven Ventures is an early-stage venture capital fund based in Sofia, Bulgaria, dedicated to empowering local heroes to achieve global success. The firm primarily supports technology companies across Europe, with a particular focus on the Central Eastern Europe (CEE) region. Since its inception, Eleven Ventures has been instrumental in fostering the regional startup ecosystem, evolving from an accelerator in 2012 to a prominent venture capital fund.

The firm strategically invests in four key verticals: Financial Services & Fintech, Healthcare & Healthtech, Future of Work, and Sustainable Food. While these are their primary areas of interest, Eleven Ventures also demonstrates an opportunistic approach, backing outliers with significant potential, such as Dronamics in the aerospace sector. They aim to be the earliest partner for founders, providing not just capital but also a robust platform of support, resources, and a strong community network.

Eleven Ventures has built a thriving portfolio of over 150 companies, with notable investments including Payhawk (a unicorn), Quantive, Dronamics, SMSBump, Native Teams, InnovateBG, Eilla, Frisbo, Langaware, Boleron, Moveo, and Outfindo. The firm's investment strategy typically targets early-stage companies, participating in Pre-Seed, Seed, and Series A rounds, with individual investments ranging from EUR 250K to EUR 1.5M.

The team at Eleven Ventures comprises a diverse group of professionals and entrepreneurs, including Daniel Tomov, Ivaylo Simov, Svetozar Georgiev, Valeri Petrov, Martin Ouzounov, Diana Ruseva, Belizar Marinov, Veselina Markova, and Venture Partner Lech Kaniuk. They emphasize a hands-on approach, leveraging their extensive experience and network to provide strategic guidance, operational support, and connections to further funding and partnerships for their portfolio companies.