Eleven Ventures
Eleven Ventures is a venture capital firm based in Sofia, Bulgaria, specializing in early-stage investments in technology-driven startups. Founded in 2012, the firm focuses on sectors such as Fintech, HealthTech, e-commerce, the Future of Food, the Future of Work, software tools and platforms, consumer products, Sportstech, gaming, Adtech, mobility, and home automation. Eleven Ventures typically invests between €0.025 million and €0.5 million, taking minority stakes in its portfolio companies, generally ranging from 6% to 30% equity. The firm runs a three-month accelerator program quarterly, mentoring 10-15 teams per cycle, providing not only capital but also office space and back-office support. Additionally, accepted teams benefit from free deals with technology service providers, enhancing their operational capabilities. Eleven Ventures aims to foster a vibrant startup ecosystem in Southeast Europe, particularly in Bulgaria, while also being open to investing in startups from other countries, provided they participate in the program.
Boleron
Venture Round in 2022
Boleron is an insurtech company and the first digital insurance broker in Bulgaria, offering a digital marketplace where customers can compare and purchase a variety of insurance policies from multiple insurers. With a focus on enhancing the customer experience, Boleron provides access to 35 different insurance products from 15 insurers, facilitating seamless processes from policy acquisition to claims management. The company has developed its technology in-house, which includes a comprehensive suite of four core systems: an insurance core system, a back-office system, a front-end web portal, and a mobile application. This infrastructure allows for real-time price comparisons and conditions across insurers, enabling instant and automated policy issuance 24/7. Boleron also features the only mobile application for insurance in Bulgaria and Romania, allowing customers to buy, store, and manage all their insurance policies conveniently.
Boleron
Seed Round in 2021
Boleron is an insurtech company and the first digital insurance broker in Bulgaria, offering a digital marketplace where customers can compare and purchase a variety of insurance policies from multiple insurers. With a focus on enhancing the customer experience, Boleron provides access to 35 different insurance products from 15 insurers, facilitating seamless processes from policy acquisition to claims management. The company has developed its technology in-house, which includes a comprehensive suite of four core systems: an insurance core system, a back-office system, a front-end web portal, and a mobile application. This infrastructure allows for real-time price comparisons and conditions across insurers, enabling instant and automated policy issuance 24/7. Boleron also features the only mobile application for insurance in Bulgaria and Romania, allowing customers to buy, store, and manage all their insurance policies conveniently.
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