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.
Top Stages
Past deals in Romania
Boleron
Venture Round in 2022
Boleron is an insurtech company and the first Digital Insurance Broker in Bulgaria, creating a digital marketplace that enables customers to compare and purchase policies across a variety of 35 insurance products from 15 different insurers. The company focuses on digitizing and automating the entire insurance process, from purchasing policies to managing claims, using technology developed in-house. This includes four core systems: an insurance core system, a back-office system, a front-end web portal, and a mobile app that integrates directly with insurers' legacy systems. Boleron allows customers to compare prices and conditions from multiple insurers in real time, facilitating instant and automated issuance of policies around the clock. Additionally, it offers the only mobile application for insurance in Bulgaria and Romania, enabling users 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, creating a digital marketplace that enables customers to compare and purchase policies across a variety of 35 insurance products from 15 different insurers. The company focuses on digitizing and automating the entire insurance process, from purchasing policies to managing claims, using technology developed in-house. This includes four core systems: an insurance core system, a back-office system, a front-end web portal, and a mobile app that integrates directly with insurers' legacy systems. Boleron allows customers to compare prices and conditions from multiple insurers in real time, facilitating instant and automated issuance of policies around the clock. Additionally, it offers the only mobile application for insurance in Bulgaria and Romania, enabling users to buy, store, and manage all their insurance policies conveniently.
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