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 North Macedonia

Farmia

Seed Round in 2015
Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs. Farmia is the fastest growing livestock marketplace in the world. We are No.1 online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.

Farmia

Convertible Note in 2015
Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs. Farmia is the fastest growing livestock marketplace in the world. We are No.1 online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.

Farmia

Seed Round in 2014
Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs. Farmia is the fastest growing livestock marketplace in the world. We are No.1 online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.

Farmia

Seed Round in 2014
Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs. Farmia is the fastest growing livestock marketplace in the world. We are No.1 online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.