Eleven

Eleven Ventures is a venture capital firm based in Sofia, Bulgaria, specializing in early-stage investments in technology companies across Southeast Europe. Founded in 2012, the firm focuses on sectors such as fintech, health tech, e-commerce, the future of food, software tools, consumer products, sports technology, and mobility. Eleven Ventures invests primarily in pre-seed and seed stages, typically allocating between €0.025 million and €0.5 million per company, with a preference for taking minority stakes ranging from 6% to 30%. The firm conducts a three-month mentor-led acceleration program each quarter, accepting 10-15 teams, and offers office space and back-office services to support startups during this period. Additionally, accepted teams gain access to over €0.1 million in free services from technology providers. Eleven Ventures emphasizes investing in teams of two or more founders and requires portfolio companies to have a legal entity in Bulgaria and be present in Sofia during the program.

Svetozar Georgiev

Partner

Martin Ouzounov

Partner

Valeri Petrov

Partner

Ivaylo Simov

Partner

Gergana Stoitchkova

Investment Associate

Daniel Tomov

Partner

Past deals in Bulgaria

Rush

Seed Round in 2022
SaaS, Shopify App, E-Commerce.

Dronamics

Seed Round in 2021
Dronamics is a developer of advanced unmanned aerial systems aimed at transforming airfreight logistics. By creating a new type of small, unmanned cargo airplane that is highly fuel-efficient, Dronamics aims to democratize shipping in emerging markets. The aircraft can transport payloads of 350 kilograms over distances of 2,500 kilometers at costs significantly lower than traditional air transport, reducing shipping expenses by over 50%. Designed for autonomous flight, the aircraft can be remotely monitored and managed via satellite, making it suitable for challenging delivery scenarios, including remote and mountainous regions. As the first and only Strategic Partner for drones recognized by IATA, Dronamics is positioned to make a substantial impact in the commercial logistics sector.

Payhawk

Series B in 2021
Payhawk Limited offers a comprehensive spending software designed to streamline expense management, payments, and corporate card usage for businesses. Founded in 2018 and headquartered in London, with an additional office in Sofia, Bulgaria, the company focuses on simplifying the entire spending lifecycle for financial officers and business owners. Its platform automates the collection and analysis of receipts, invoices, and card transactions, allowing businesses to maintain budget control without the need for paperwork. Payhawk's innovative solution includes a paperless corporate card that integrates seamlessly with existing banking services, offering real-time expense tracking, automated data extraction, and reporting features to enhance financial oversight.

CourseDot

Seed Round in 2021
CourseDot operates as an online marketplace specializing in IT training courses. The platform connects learners with a diverse range of educational resources aimed at enhancing skills in information technology. By offering a variety of courses, CourseDot caters to the growing demand for tech education, making it accessible for individuals seeking to advance their knowledge and career opportunities in the IT sector. Through its user-friendly interface, CourseDot facilitates the exploration and enrollment in courses that meet the specific needs of learners, reflecting the increasing importance of continuous education in a rapidly evolving technological landscape.

NOLD

Seed Round in 2021
NOLD provides a platform that users may locate an exceptional and one-of-a-kind, an outfit with a past that can tell a new tale and take them on a trip. The company was based in Bulgaria.

Rebellious Software

Seed Round in 2021
Rebellious started as two software developers winning Bulgarian national software development competitions. They grew as a team and found ourselves winning the largest hackathon worldwide with over 9000 participants - NASA Space Apps Challenge in 2013, and on the next year’s edition their project made it in top 5. By that time they had already built a team of great professionals and they wanted to start working on their own ideas. They wanted to make games.

Printivo

Seed Round in 2021
Printivo Ltd. designs 3D human bone tissue for in-vitro efficacy and toxicity assays application. It offers pharmaceutical companies with bone tissue graft on demand that can be used for drug testing in pre-clinical trials. The company’s technology also enables users to create native-like micro-architecture of the bone tissue with surpassing accuracy on the details. Printivo Ltd. was founded in 2016 and is based in Sofia City, Bulgaria.

Dronamics

Seed Round in 2021
Dronamics is a developer of advanced unmanned aerial systems aimed at transforming airfreight logistics. By creating a new type of small, unmanned cargo airplane that is highly fuel-efficient, Dronamics aims to democratize shipping in emerging markets. The aircraft can transport payloads of 350 kilograms over distances of 2,500 kilometers at costs significantly lower than traditional air transport, reducing shipping expenses by over 50%. Designed for autonomous flight, the aircraft can be remotely monitored and managed via satellite, making it suitable for challenging delivery scenarios, including remote and mountainous regions. As the first and only Strategic Partner for drones recognized by IATA, Dronamics is positioned to make a substantial impact in the commercial logistics sector.

Escreo

Seed Round in 2020
Escreo, founded in April 2015 and based in Sofia, Bulgaria, specializes in innovative paint solutions that transform ordinary surfaces into writable and drawable areas. The company manufactures a range of carbon dioxide-neutral paints, including whiteboard and magnetic options, which cater to diverse environments such as offices, classrooms, and homes. These products allow users to create customizable and reusable writing surfaces, facilitating collaboration, brainstorming, and planning. Through its offerings, Escreo aims to enhance creativity and communication in various settings.

MClimate

Seed Round in 2020
MClimate is an IoT company based in Sofia, Bulgaria, specializing in the design and development of affordable, universally compatible smart home and building automation solutions. Founded in 2015, the company focuses on enhancing comfort, security, and energy efficiency through its diverse product portfolio, which includes A/C controllers, water heater controllers, radiator controllers, smart outlets, and various detection devices for motion, water leakage, and window/door status. MClimate aims to make home automation accessible to all, emphasizing the importance of digital, connected, and low carbon footprint solutions. The company has successfully implemented numerous projects in Smart City and Smart Building initiatives worldwide, utilizing advanced technologies such as LoRaWAN to retrofit traditional appliances and enable remote monitoring and control via a dedicated app.

Metrilo

Seed Round in 2020
Metrilo LTD. provides analytics for e-commerce Websites. It helps clients to understand how people behave on their online store by providing revenue, purchases, visitors, conversion rates, and everything else that they need to know about how their online store is performing. It offers e-commerce analytics, e-commerce customer relationship management, email marketing, and Pricing services. The company was founded in 2014 and is based in Sofia, Bulgaria.

AYO

Seed Round in 2020
AYO is a team of innovators, visionaries, designers, engineers, programmers and entrepreneurs. They aspire to create meaningful innovative solutions that will be used by millions of people every day. They live active lives, enjoy a wide range of sports and activities, and are passionate about health and wellbeing. For us the magical formula for success is to unite your passion with your work and simply love what you do – that’s exactly why they started Novalogy. They perceive limitless possibilities for improving and enhancing human life and wellbeing by combining technology, science and creative thinking.

Printivo

Pre Seed Round in 2020
Printivo Ltd. designs 3D human bone tissue for in-vitro efficacy and toxicity assays application. It offers pharmaceutical companies with bone tissue graft on demand that can be used for drug testing in pre-clinical trials. The company’s technology also enables users to create native-like micro-architecture of the bone tissue with surpassing accuracy on the details. Printivo Ltd. was founded in 2016 and is based in Sofia City, Bulgaria.

Rebellious Software

Seed Round in 2020
Rebellious started as two software developers winning Bulgarian national software development competitions. They grew as a team and found ourselves winning the largest hackathon worldwide with over 9000 participants - NASA Space Apps Challenge in 2013, and on the next year’s edition their project made it in top 5. By that time they had already built a team of great professionals and they wanted to start working on their own ideas. They wanted to make games.

Noble

Seed Round in 2020
Noble Tech Ltd. operates a decentralized, referral-based job board that links tech talent with IT companies in Bulgaria. Founded in 2018 and headquartered in Sofia, the platform allows companies to post job openings along with referral bonuses, incentivizing a network of recruiters, industry experts, and business leaders to invite candidates to apply. Referrers earn rewards when their referred candidates are hired, helping to streamline the hiring process and reduce associated costs. Additionally, candidates can gain insights into potential employers, including company culture, benefits, and compensation, before pursuing job opportunities.

Dronamics

Seed Round in 2020
Dronamics is a developer of advanced unmanned aerial systems aimed at transforming airfreight logistics. By creating a new type of small, unmanned cargo airplane that is highly fuel-efficient, Dronamics aims to democratize shipping in emerging markets. The aircraft can transport payloads of 350 kilograms over distances of 2,500 kilometers at costs significantly lower than traditional air transport, reducing shipping expenses by over 50%. Designed for autonomous flight, the aircraft can be remotely monitored and managed via satellite, making it suitable for challenging delivery scenarios, including remote and mountainous regions. As the first and only Strategic Partner for drones recognized by IATA, Dronamics is positioned to make a substantial impact in the commercial logistics sector.

Payhawk

Seed Round in 2020
Payhawk Limited offers a comprehensive spending software designed to streamline expense management, payments, and corporate card usage for businesses. Founded in 2018 and headquartered in London, with an additional office in Sofia, Bulgaria, the company focuses on simplifying the entire spending lifecycle for financial officers and business owners. Its platform automates the collection and analysis of receipts, invoices, and card transactions, allowing businesses to maintain budget control without the need for paperwork. Payhawk's innovative solution includes a paperless corporate card that integrates seamlessly with existing banking services, offering real-time expense tracking, automated data extraction, and reporting features to enhance financial oversight.

Escreo

Secondary Market in 2019
Escreo, founded in April 2015 and based in Sofia, Bulgaria, specializes in innovative paint solutions that transform ordinary surfaces into writable and drawable areas. The company manufactures a range of carbon dioxide-neutral paints, including whiteboard and magnetic options, which cater to diverse environments such as offices, classrooms, and homes. These products allow users to create customizable and reusable writing surfaces, facilitating collaboration, brainstorming, and planning. Through its offerings, Escreo aims to enhance creativity and communication in various settings.

A4Everyone

Seed Round in 2019
A4Everyone specializes in providing affordable analytical solutions aimed at enhancing the efficiency of small and medium-sized businesses. Recognizing that many organizations struggle to leverage their data effectively due to concerns about cost and complexity, A4Everyone simplifies the process of data analysis. The company harnesses advanced computing resources, enabling businesses to utilize powerful analytical tools with minimal effort. With a strong foundation in the science of analytics, A4Everyone is committed to making data-driven decision-making accessible to organizations of all sizes, ensuring that even smaller entities can benefit from the advantages of sophisticated data analysis.

Kool and Konscious

Seed Round in 2019
Kool and Konscious operates as a 360 online marketplace for fashion products. It offers clothing, including outerwear, dresses and jumpsuits, tops, bottoms, and swimwear and lingerie; shoes; and accessories, including bags, jewelry, and scarves. The company is based in Sofia, Bulgaria.

Printivo

Pre Seed Round in 2019
Printivo Ltd. designs 3D human bone tissue for in-vitro efficacy and toxicity assays application. It offers pharmaceutical companies with bone tissue graft on demand that can be used for drug testing in pre-clinical trials. The company’s technology also enables users to create native-like micro-architecture of the bone tissue with surpassing accuracy on the details. Printivo Ltd. was founded in 2016 and is based in Sofia City, Bulgaria.

LogSentinel

Seed Round in 2019
LogSentinel B.V. operates an information security company that develops data protection and privacy solution by blockchain and artificial intelligence technology. The company provides an unmodifiable audit trail, rule-based and AI-driven fraud detection module, advanced encryption layer with per-record encryption, regulatory compliance, dashboard for monitoring and, advanced business intelligence. Its products include SentinelDB; cloud-based datastore that encrypts data per-record and ensures compliance with data protection regulations like GDPR and HIPAA and Sentinel Trails; blockchain-protected logging and audit trail. LogSentinel B.V. was founded in 2017 and is headquartered in Sofia City, Bulgaria with additional office in Naarden, The Netherlands.

Reloyalty

Seed Round in 2019
Reloyalty LLC is a loyalty rewards platform founded in 2015 and headquartered in Sofia, Bulgaria. The company has developed a mobile application that allows users to connect their existing bank cards, turning them into loyalty cards. By leveraging Open Banking and PSD2 regulations, Reloyalty enables users to earn instant cash back and personalized rewards ranging from 10% to 50% on everyday purchases. The platform measures a customer's loyalty score based on their purchase history, providing valuable insights to participating retailers and banks regarding their most valuable customers. This data allows businesses to launch targeted loyalty campaigns with measurable returns on investment, enhancing customer engagement and revenue. Reloyalty aims to foster deeper relationships between consumers and the businesses they frequent, emphasizing that loyalty is more than just a transactional interaction.

Payhawk

Pre Seed Round in 2019
Payhawk Limited offers a comprehensive spending software designed to streamline expense management, payments, and corporate card usage for businesses. Founded in 2018 and headquartered in London, with an additional office in Sofia, Bulgaria, the company focuses on simplifying the entire spending lifecycle for financial officers and business owners. Its platform automates the collection and analysis of receipts, invoices, and card transactions, allowing businesses to maintain budget control without the need for paperwork. Payhawk's innovative solution includes a paperless corporate card that integrates seamlessly with existing banking services, offering real-time expense tracking, automated data extraction, and reporting features to enhance financial oversight.

Rebellious Software

Seed Round in 2019
Rebellious started as two software developers winning Bulgarian national software development competitions. They grew as a team and found ourselves winning the largest hackathon worldwide with over 9000 participants - NASA Space Apps Challenge in 2013, and on the next year’s edition their project made it in top 5. By that time they had already built a team of great professionals and they wanted to start working on their own ideas. They wanted to make games.

Havelock

Seed Round in 2018
Havelock designs and develops a fashion and apparel production management software. The company's software helps production managers from the fashion and apparel industry to manage the production of the styles and deliver the garments. The company's product provides reports and notifications with status updates. The company was founded in 2015 and is based in Sofia, Bulgaria.

Noble

Seed Round in 2018
Noble Tech Ltd. operates a decentralized, referral-based job board that links tech talent with IT companies in Bulgaria. Founded in 2018 and headquartered in Sofia, the platform allows companies to post job openings along with referral bonuses, incentivizing a network of recruiters, industry experts, and business leaders to invite candidates to apply. Referrers earn rewards when their referred candidates are hired, helping to streamline the hiring process and reduce associated costs. Additionally, candidates can gain insights into potential employers, including company culture, benefits, and compensation, before pursuing job opportunities.

Bee Smart Technologies

Seed Round in 2018
Bee Smart Technologies is a high-tech company focused on transforming the global beekeeping industry through innovative solutions. The company's primary offering is a remote diagnostic and monitoring station designed for bee hives, which incorporates sensor technology and bio-based algorithms. This technology enhances honeybee health and reduces operational costs for beekeepers by providing advanced analytics and unprecedented remote diagnostic capabilities. By facilitating the integration of digital tools into beekeeping practices, Bee Smart Technologies aims to modernize the industry and support beekeepers in managing their hives more effectively.

NitroPack

Seed Round in 2018
NitroPack optimizes Google page speed score and improve search engine ranking.

Content Insights

Seed Round in 2016
Helping online publishers evaluate, benchmark and rank content and authors' performance across platforms and languages

Appzio

Seed Round in 2015
Appzio Ltd. builds digital publishing tools for content publishers. It offers an intuitive builder platform that empowers content creators to publish native mobile applications without coding. The company also offers a ready-made cooking application that helps media, agencies, and food-related companies to inspire, engage, and monetize their target audience. Appzio Ltd. was founded in 2014 and is based in Sofia, Bulgaria.

Yanado

Seed Round in 2015
Yanado is a task management and collaboration tool built on top of the Gmail and Google apps. People live in their email client. Instead of taking them out of it, we bring everything they need to get the job done within their Gmail. Yanado improves the way you work by integrating task management with your Gmail. It also improves the team collaboration within your Gmail, the place you live in. It's deeply integrated with Gmail and Google apps. It looks like a Gmail and it feels like a Gmail.

Enso.fm

Convertible Note in 2015
Enso is a mobile app that fixes the music discovery process by turning it into a treasure hunt game. Enso is free, fun, and effective. Enso is how people should discover new music. Every time you start Enso you immediately get thirty second previews of songs and their cover art. - Swipe right the songs you love to add them to your music collection. - Swipe left the songs you hate and never see them again. - Swipe up to share your great finds with the world. - Swipe down to dig into a different category. - Hold over a song for YouTube videos and more. - Listen to full songs of your music collection with Spotify Premium. - Store your music collection with Spotify free.

CourseDot

Convertible Note in 2015
CourseDot operates as an online marketplace specializing in IT training courses. The platform connects learners with a diverse range of educational resources aimed at enhancing skills in information technology. By offering a variety of courses, CourseDot caters to the growing demand for tech education, making it accessible for individuals seeking to advance their knowledge and career opportunities in the IT sector. Through its user-friendly interface, CourseDot facilitates the exploration and enrollment in courses that meet the specific needs of learners, reflecting the increasing importance of continuous education in a rapidly evolving technological landscape.

Coprix Media

Seed Round in 2015
Coprix Media d.o.o., founded in 2012 and based in Belgrade, Serbia, specializes in creating certified interactive educational applications aimed at preschool and primary school children. The company's offerings include the InterActive Spelling Book and InterActive Mathematics, both of which are grounded in scientific research and developed by experts in early childhood education. These applications are designed to engage children in the learning process while aligning with official K12 curricula across various regions, including the US, EU, and MENA. Coprix Media's interactive apps can be utilized on smart whiteboards, facilitating collaborative learning in classrooms. Additionally, the applications provide data-driven insights to track each child's progress, aiming to enhance their learning potential. Overall, Coprix Media seeks to transform education by developing solutions that adapt to children's individual growth and interests throughout their educational journey.

EuroPATC

Angel Round in 2015
EuroPATC is a new startup company established in June 2015. Their mission is to help parents and guardians of children (people) with autism to overcome one of their biggest fears - a fear of a lost child - a fear that their loved one is left without the necessary help in times when it is crucial. Their product is a tracking device that integrates advanced cutting-edge technology with only one purpose, uncompromisingly child safety. The device has been designed in the form of wearable. The service that we provide to users will be one-of-its-kind, carefully designed for children (people) with autism. Their vision, like our mission, is to bring reliable solution and to help parents to OUTRUN THEIR WORST FEAR!

Scoutee

Convertible Note in 2015
Scoutee is a pioneering company that has developed the world's first smart speed radar designed to enhance athletic performance and support sports careers. This innovative device provides reliable and accurate ball speed measurements and is connected to a cloud-based application accessible via smartphones and tablets. Users benefit from features such as video recording, historical data tracking, and video analysis with training suggestions. The platform allows athletes, parents, coaches, and scouts to monitor progress and showcase talent effectively. By syncing acquired data and videos with individual player profiles in the cloud, Scoutee aims to transform how athletes track their development and improve their gameplay experience.

The Power Week

Seed Round in 2015
Power Week enables businesses to work near nature.

A4Everyone

Seed Round in 2015
A4Everyone specializes in providing affordable analytical solutions aimed at enhancing the efficiency of small and medium-sized businesses. Recognizing that many organizations struggle to leverage their data effectively due to concerns about cost and complexity, A4Everyone simplifies the process of data analysis. The company harnesses advanced computing resources, enabling businesses to utilize powerful analytical tools with minimal effort. With a strong foundation in the science of analytics, A4Everyone is committed to making data-driven decision-making accessible to organizations of all sizes, ensuring that even smaller entities can benefit from the advantages of sophisticated data analysis.

Sensika, inc.

Convertible Note in 2015
Sensika, inc. develops a cloud based information intelligence platform that extracts information from web sources, social networks, and premium content providers. It maintains an electronic archive of publications on Bulgarian-language websites and blogs. The company's products include dashboards, data, alerts, and reports. The company was founded in 2012 and is based in Sofia, Bulgaria.

Escreo

Convertible Note in 2015
Escreo, founded in April 2015 and based in Sofia, Bulgaria, specializes in innovative paint solutions that transform ordinary surfaces into writable and drawable areas. The company manufactures a range of carbon dioxide-neutral paints, including whiteboard and magnetic options, which cater to diverse environments such as offices, classrooms, and homes. These products allow users to create customizable and reusable writing surfaces, facilitating collaboration, brainstorming, and planning. Through its offerings, Escreo aims to enhance creativity and communication in various settings.

Metrilo

Seed Round in 2015
Metrilo LTD. provides analytics for e-commerce Websites. It helps clients to understand how people behave on their online store by providing revenue, purchases, visitors, conversion rates, and everything else that they need to know about how their online store is performing. It offers e-commerce analytics, e-commerce customer relationship management, email marketing, and Pricing services. The company was founded in 2014 and is based in Sofia, Bulgaria.

Caret

Seed Round in 2015
Caret.io Ltd. is a software company based in Sofia, Bulgaria, specializing in desktop applications built on the Electron framework. It develops a premium markdown editor compatible with Mac, Windows, and Linux systems, designed to cater to the needs of developers, bloggers, and journalists. The editor is characterized by its simplicity and aesthetically pleasing design, aiming to enhance productivity for its users. In addition to its own products, Caret also offers support for front-end development and assists other companies in leveraging Electron technology. Through these services, Caret fosters a community of markdown users while promoting efficient and effective content creation.

Perpetto

Convertible Note in 2015
Their #1 goal is to help you get the most out of Perpetto and increase your sales. Ask us anything, anytime, they are here to help. With Perpetto’s recommendations you can easily generate up to 18% more revenue each month. By cross-selling automatically their algorithms help your users visit up to 30% more of your products. Perpetto’s recommended products convert up to 120% better than the other products on the store.

Pivoteka

Seed Round in 2015
Pivoteka a start-up in distribution and marketing of craft beer.

Join The Players

Seed Round in 2015
Join The Players is a technology company focused on enhancing the sports experience by providing automated video coverage, highlights, and statistics for mini-football games. By leveraging innovative technology, the company aims to deliver real-time insights and engaging content, making it easier for players and fans to connect with the sport. This approach not only elevates the enjoyment of mini-football but also promotes the growth of the game by making it more accessible and appealing to a wider audience.

Equilibrium

Convertible Note in 2015
Equilibrium is a Enterprise architecture tool and services.

Enhancv

Convertible Note in 2015
Enhancv Ltd. is a human resources company based in Sofia, Bulgaria, that operates a web-based platform designed to assist job applicants in creating compelling resumes. Founded in 2014, Enhancv provides tools that guide users through the resume-building process, enabling them to effectively highlight their achievements, personality, and professional attributes. The platform aims to transform traditional resumes into impactful tools that help applicants stand out in competitive job markets and successfully navigate various stages of the hiring process.

U:Plug

Convertible Note in 2015
U:Plug manufactures and distributes socket chargers for its clients. U:Plug features smart charging, USB charging, power stands, and power lighting. U:Plug was founded in 2014 and is based in Sofia.

Easymatic

Convertible Note in 2015
Easymatic is a technology company that specializes in developing lightweight industrial software development tools for automation applications. Their primary offering is Incontrol Studio®, a high-level visual programming tool designed to simplify the software development process for technical teams. Easymatic aims to enhance the capabilities of engineers by providing comprehensive expertise and coaching programs that cover all aspects of application development on their platform. Additionally, the company employs a unique approach to integration known as the "open solution," which facilitates seamless connectivity across various industrial domains. By focusing on user-friendly tools and extensive support, Easymatic enables engineers to efficiently create and implement industrial control software tailored to specific automation needs.

Budo Finder

Seed Round in 2015
Budo Finder is a community marketplace for martial arts. We are focused on building the most vibrant martial arts community. Budo Finder is pioneering a new social experience at the intersection of martial arts, technology, and commerce. We are revolutionizing the world of traditional martial arts by providing a new way to discover people, places, events, and suppliers. We would like to help the martial arts community to come closer and have a common place for sharing experiences.

CourseDot

Seed Round in 2015
CourseDot operates as an online marketplace specializing in IT training courses. The platform connects learners with a diverse range of educational resources aimed at enhancing skills in information technology. By offering a variety of courses, CourseDot caters to the growing demand for tech education, making it accessible for individuals seeking to advance their knowledge and career opportunities in the IT sector. Through its user-friendly interface, CourseDot facilitates the exploration and enrollment in courses that meet the specific needs of learners, reflecting the increasing importance of continuous education in a rapidly evolving technological landscape.

Findy

Seed Round in 2015
Findy is all about sending the lost and found process into oblivion. Smart tech is ubiquitous in all aspects of life, and yet, when it comes to protecting your valuables, friends, pets, families they hardly venture to go beyond the obvious channels, created by formal organisation and habits that go way back before modern society was created. They are a small team of IT professionals, engineers, designers and general enthusiasts in leading an absent-minded way of life (strictly for the purpose of testing their products, of course). Their team of founders gained its experience in the tracking business by helping insurance companies find stolen vehicles and then they decided to be a little less corporate and a lot more fun. Yes, they tried tripping over an ethernet cable, but that did not last - they sensed that they have a mission. Expect their products to last longer and deliver better accuracy simply because they are not so much about the money, but about the process of technical perfection - if they are to help their human race outsource part of the functions of the brain to technology, then they need to respect the thousands of years of evolution that has made us what they are now.

Althemy

Convertible Note in 2015
Althemy is a Marketplace and Community for Alternative subcultures and lifestyles. Althemy enables members of alternative subcultures to easily build their online identity, promote their work, gain recognition among like-minded individuals and get highly targeted visitors on their websites, interested exactly in what they have to offer.

BusinesSoft

Seed Round in 2015
BusinesSoft is one of the first software companies in Bulgaria. Their business exists since 1991. Their main focus is development, implementation and support of business management software. They do business through two companies: BusinesSoft LTD sells and supports WorkFlow and HRManager, BusinessSoft Systems JSCo sells and supports WorkStream, BusinesSoft Building и BusinesSoft Building.Cloud. Their HQ is in Sofia. They have representatives in all major cities in Bulgaria. The list of representatives is in Contacts section. They have more than 4000 clients. They are from small companies to big corporates and state institutions.

Dronamics

Convertible Note in 2015
Dronamics is a developer of advanced unmanned aerial systems aimed at transforming airfreight logistics. By creating a new type of small, unmanned cargo airplane that is highly fuel-efficient, Dronamics aims to democratize shipping in emerging markets. The aircraft can transport payloads of 350 kilograms over distances of 2,500 kilometers at costs significantly lower than traditional air transport, reducing shipping expenses by over 50%. Designed for autonomous flight, the aircraft can be remotely monitored and managed via satellite, making it suitable for challenging delivery scenarios, including remote and mountainous regions. As the first and only Strategic Partner for drones recognized by IATA, Dronamics is positioned to make a substantial impact in the commercial logistics sector.

Biottery

Seed Round in 2015
BIOTTERY is an organic energy drink. We are a start-up. We keep it simple. We are runners, climbers, hikers & we like it healthy.

Playground Energy

Convertible Note in 2015
Playground energy is developing ideas which are making outdoor games more fun, educational and functional. Our main focus is to utilize the energy created at outdoor playgrounds and to use it for interactive motivation of the kids without sacrificing the gaming experience.

MAXCART

Seed Round in 2015
MAXCART is an innovative platform, you can easily imagine and develop your online business. MAXCART - Everything for your successful business in one place. A control system for your site to system management and customer inquiries, online shop and many payment methods, blogging and integration with social networks, mobile applications and practical and useful hardware and software solutions.

MClimate

Seed Round in 2015
MClimate is an IoT company based in Sofia, Bulgaria, specializing in the design and development of affordable, universally compatible smart home and building automation solutions. Founded in 2015, the company focuses on enhancing comfort, security, and energy efficiency through its diverse product portfolio, which includes A/C controllers, water heater controllers, radiator controllers, smart outlets, and various detection devices for motion, water leakage, and window/door status. MClimate aims to make home automation accessible to all, emphasizing the importance of digital, connected, and low carbon footprint solutions. The company has successfully implemented numerous projects in Smart City and Smart Building initiatives worldwide, utilizing advanced technologies such as LoRaWAN to retrofit traditional appliances and enable remote monitoring and control via a dedicated app.

Appzio

Seed Round in 2015
Appzio Ltd. builds digital publishing tools for content publishers. It offers an intuitive builder platform that empowers content creators to publish native mobile applications without coding. The company also offers a ready-made cooking application that helps media, agencies, and food-related companies to inspire, engage, and monetize their target audience. Appzio Ltd. was founded in 2014 and is based in Sofia, Bulgaria.

traincamp.me

Convertible Note in 2015
TrainCamp.me is an online educational platform designed to support individuals involved in coding, design, and digital marketing. Founded in 2014 and based in Bulgaria, the platform offers users access to a wide array of learning resources, including web courses, events, tutorials, books, and podcasts. Utilizing advanced algorithms, TrainCamp.me curates and recommends the most relevant educational content tailored to users' specific needs. This approach combines community insights and artificial intelligence to simplify the learning process for those navigating the complexities of the digital landscape.

Artery Team

Seed Round in 2015
They put the spotlight on your Etsy shop to make your art and craft shine in a crowded global marketplace. Their software and expertise help us keep your brand ahead of competition, resellers and big marketing teams. Targeted visitors flock to your Etsy shop as they monitor most successful tags for you and optimize listings in real time. Your items will finally get those stellar descriptions written by professional copywriters and your prices will finally capture the true value of items as they monitor all pricing in your category. They ensure maximum satisfaction of your customers as they talk to them continuously during their engagement with your brand.

Filement

Seed Round in 2015
Filement provides secure direct access to your data, exactly where it lives.

GymRealm

Seed Round in 2015
GymRealm develops software for the sport and wellness industry. It also offers sport pass cards. The company was founded in 2011 and is based in Sofia, Bulgaria.

Enso.fm

Seed Round in 2015
Enso is a mobile app that fixes the music discovery process by turning it into a treasure hunt game. Enso is free, fun, and effective. Enso is how people should discover new music. Every time you start Enso you immediately get thirty second previews of songs and their cover art. - Swipe right the songs you love to add them to your music collection. - Swipe left the songs you hate and never see them again. - Swipe up to share your great finds with the world. - Swipe down to dig into a different category. - Hold over a song for YouTube videos and more. - Listen to full songs of your music collection with Spotify Premium. - Store your music collection with Spotify free.

EuroPATC

Seed Round in 2015
EuroPATC is a new startup company established in June 2015. Their mission is to help parents and guardians of children (people) with autism to overcome one of their biggest fears - a fear of a lost child - a fear that their loved one is left without the necessary help in times when it is crucial. Their product is a tracking device that integrates advanced cutting-edge technology with only one purpose, uncompromisingly child safety. The device has been designed in the form of wearable. The service that we provide to users will be one-of-its-kind, carefully designed for children (people) with autism. Their vision, like our mission, is to bring reliable solution and to help parents to OUTRUN THEIR WORST FEAR!

Tickey

Convertible Note in 2015
Tickey is a mobile ticketing application that allows its users to pay public transport fares online. The application is available for download on the App Store and Google Play.

Perpetto

Seed Round in 2015
Their #1 goal is to help you get the most out of Perpetto and increase your sales. Ask us anything, anytime, they are here to help. With Perpetto’s recommendations you can easily generate up to 18% more revenue each month. By cross-selling automatically their algorithms help your users visit up to 30% more of your products. Perpetto’s recommended products convert up to 120% better than the other products on the store.

CoKitchen

Seed Round in 2015
CoKitchen is a co-working space for chefs, where good food is prepared with locally grown ingredients by freelancing food professionals. It also enables its users to test the food, organize events and, more. Its online platform connects chefs with their customers and also manages the internal communications channels between clients, project coordinators, and chefs. CoKitchen was launched in 2015.

Content Insights

Seed Round in 2015
Helping online publishers evaluate, benchmark and rank content and authors' performance across platforms and languages

Wiener Games

Seed Round in 2015
Wiener Games produces high quality online casino & social games

Rocket Heater Gamera

Seed Round in 2015
Rocket Heater Gamera manufactures a rocket heater optimized for efficiency that is compact, lightweight, and fits the needs of households. Rocket Heater Gamera is headquartered in Plovdiv, Bulgaria.

B.GUARD

Seed Round in 2015
B.GUARD enables people to use their bicycles without limitations that fear of theft imposes. It guards your bike while you are not there. In case of a theft attempt, B.GUARD alerts you on your smart phone and you are able to track GPS location of your bike on a map in real time. At the same time, loud audible alarm alerts the immediate surroundings. We have developed B.GUARD for people like us – people who love their bikes.

Budo Finder

Seed Round in 2015
Budo Finder is a community marketplace for martial arts. We are focused on building the most vibrant martial arts community. Budo Finder is pioneering a new social experience at the intersection of martial arts, technology, and commerce. We are revolutionizing the world of traditional martial arts by providing a new way to discover people, places, events, and suppliers. We would like to help the martial arts community to come closer and have a common place for sharing experiences.

Colombio

Convertible Note in 2015
Colombio operates as a crowdsourcing mobile application that connects users with their favorite news media and journalists. Its application enables users to be as reporters on site without knowing their contacts and engage in creating news for community. The company’s application also enables news media companies and journalists to receive news and multimedia, order information from any spot, send notifications and promote content, and pay and reward contributors. Colombio is based in Croatia.

Buscador

Seed Round in 2015
Buscador Ltd. is a Serbian company that specializes in developing a hiking safety application designed to enhance the outdoor experience for hikers. The application tracks users' routes and provides notifications when they veer off course, ensuring a safer hiking experience. It enables users to discover and explore nature around them while minimizing screen time, allowing them to enjoy their surroundings. Key features include the ability to find suitable trails with detailed descriptions and points of interest, a Safety Button that keeps users on the right path, and an Advanced SOS Button that can quickly summon help in emergencies. The app is optimized for battery efficiency, making it a vital tool for hikers seeking both safety and enjoyment in nature.

Farmhopping

Convertible Note in 2015
Farmhopping Ltd. is an online community platform based in Sofia, Bulgaria, that connects farms with benefactors looking to support agricultural development. Founded in 2012, the platform allows farms to create personal storefronts to sell their produce while facilitating direct interaction with customers. Benefactors can engage with farms through financial support and receive various rewards, such as farm share packages, agricultural products, and accommodation at the farm. This model encourages collaboration between farmers and their supporters, fostering a sustainable agricultural ecosystem.

Tickey

Seed Round in 2015
Tickey is a mobile ticketing application that allows its users to pay public transport fares online. The application is available for download on the App Store and Google Play.

Tourvia.me

Convertible Note in 2015
Tour Via Me is a dedicated team of journeyman who embarked on a digital expedition with a clear goal: Improve travel industry to suit the needs of modern travelers. Although unforgettable experiences are available, they are difficult to find and even more challenging to book. Walls of unsorted, scattered information is crammed into itineraries that are very important for your travel arrangements, but difficult to understand. They’re changing this by carefully curating high-quality tours, organizing, categorizing and displaying tour information in an understandable and visually refreshing way, so it can be consumed much easier and faster. Discover and book incredible future memories that you will share with friends, family and loved ones with an ease.

Althemy

Convertible Note in 2015
Althemy is a Marketplace and Community for Alternative subcultures and lifestyles. Althemy enables members of alternative subcultures to easily build their online identity, promote their work, gain recognition among like-minded individuals and get highly targeted visitors on their websites, interested exactly in what they have to offer.

Escreo

Seed Round in 2015
Escreo, founded in April 2015 and based in Sofia, Bulgaria, specializes in innovative paint solutions that transform ordinary surfaces into writable and drawable areas. The company manufactures a range of carbon dioxide-neutral paints, including whiteboard and magnetic options, which cater to diverse environments such as offices, classrooms, and homes. These products allow users to create customizable and reusable writing surfaces, facilitating collaboration, brainstorming, and planning. Through its offerings, Escreo aims to enhance creativity and communication in various settings.

Metrilo

Seed Round in 2015
Metrilo LTD. provides analytics for e-commerce Websites. It helps clients to understand how people behave on their online store by providing revenue, purchases, visitors, conversion rates, and everything else that they need to know about how their online store is performing. It offers e-commerce analytics, e-commerce customer relationship management, email marketing, and Pricing services. The company was founded in 2014 and is based in Sofia, Bulgaria.

Scoutee

Convertible Note in 2015
Scoutee is a pioneering company that has developed the world's first smart speed radar designed to enhance athletic performance and support sports careers. This innovative device provides reliable and accurate ball speed measurements and is connected to a cloud-based application accessible via smartphones and tablets. Users benefit from features such as video recording, historical data tracking, and video analysis with training suggestions. The platform allows athletes, parents, coaches, and scouts to monitor progress and showcase talent effectively. By syncing acquired data and videos with individual player profiles in the cloud, Scoutee aims to transform how athletes track their development and improve their gameplay experience.

Angel Baby

Seed Round in 2015
Angel Baby is a line of branded clothing for newborns and kids up to 4 years of age. The company is selling its modern and stylish products through an own chain of stores and online.

Dextrophobia Rooms

Convertible Note in 2015
Dextrophobia Rooms is the first real-life, room escape game in Bulgaria, incredibly enjoyable, game combines aspects of real life.

Kuknall

Seed Round in 2015
They are an innovative startup interested in product design and engineering. Currently their team is focused on the development and commercialization of Kuknall. They are in the process of development and testing of new models and actively seek distribution partners. But most of all they want to create general awareness about the problem of using flush toilets. And they offer a healthy and appropriate solution addresses the needs of people in this direction.

Stigni

Seed Round in 2015
Stigni is an online platform established in 2012 that facilitates the purchase of bus tickets for travel across Europe. The platform provides users with comprehensive information about various bus routes, enabling them to plan their journeys effectively. In addition to online ticket booking, Stigni offers the convenience of obtaining paper tickets at customer service desks located throughout Europe. This service caters to travelers seeking reliable transportation options and aims to streamline the process of finding and booking bus travel in the region.

traincamp.me

Convertible Note in 2015
TrainCamp.me is an online educational platform designed to support individuals involved in coding, design, and digital marketing. Founded in 2014 and based in Bulgaria, the platform offers users access to a wide array of learning resources, including web courses, events, tutorials, books, and podcasts. Utilizing advanced algorithms, TrainCamp.me curates and recommends the most relevant educational content tailored to users' specific needs. This approach combines community insights and artificial intelligence to simplify the learning process for those navigating the complexities of the digital landscape.

U:Plug

Convertible Note in 2015
U:Plug manufactures and distributes socket chargers for its clients. U:Plug features smart charging, USB charging, power stands, and power lighting. U:Plug was founded in 2014 and is based in Sofia.

Easymatic

Seed Round in 2015
Easymatic is a technology company that specializes in developing lightweight industrial software development tools for automation applications. Their primary offering is Incontrol Studio®, a high-level visual programming tool designed to simplify the software development process for technical teams. Easymatic aims to enhance the capabilities of engineers by providing comprehensive expertise and coaching programs that cover all aspects of application development on their platform. Additionally, the company employs a unique approach to integration known as the "open solution," which facilitates seamless connectivity across various industrial domains. By focusing on user-friendly tools and extensive support, Easymatic enables engineers to efficiently create and implement industrial control software tailored to specific automation needs.

Equilibrium

Convertible Note in 2015
Equilibrium is a Enterprise architecture tool and services.

Equilibrium

Seed Round in 2015
Equilibrium is a Enterprise architecture tool and services.

Colombio

Seed Round in 2015
Colombio operates as a crowdsourcing mobile application that connects users with their favorite news media and journalists. Its application enables users to be as reporters on site without knowing their contacts and engage in creating news for community. The company’s application also enables news media companies and journalists to receive news and multimedia, order information from any spot, send notifications and promote content, and pay and reward contributors. Colombio is based in Croatia.

MAXCART

Seed Round in 2015
MAXCART is an innovative platform, you can easily imagine and develop your online business. MAXCART - Everything for your successful business in one place. A control system for your site to system management and customer inquiries, online shop and many payment methods, blogging and integration with social networks, mobile applications and practical and useful hardware and software solutions.