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 Romania

Pluria

Seed Round in 2023
Pluria is an IT firm that offers office as a service and aggregates flexible workspaces accessed through a suite of digital solutions.

Frisbo

Seed Round in 2021
Frisbo is a prominent e-fulfillment solution in Europe that connects online retailers with a network of reliable fulfillment operators and logistics providers. The company aims to streamline the logistics process for e-commerce businesses, enabling them to deliver orders to customers more efficiently and cost-effectively. By automating logistics, Frisbo facilitates a seamless experience for sellers, enhancing their ability to operate across borders and meet customer demands swiftly.

Product Lead

Seed Round in 2021
ProductLead helps you sell more online, by leveraging user generated content and activating influencers. If your brand gets stuck online, ProductLead helps you gather content and activate influencers, in order to sell more through social. By using social galleries and influencer campaigns, we help ecommerce sites boost their sales and engagement.