Eleven Ventures is a venture capital firm based in Sofia, Bulgaria, specializing in early-stage investments, particularly in technology companies across Southeast Europe. Founded in 2012, the firm focuses on sectors such as Fintech, HealthTech, eCommerce, Future of Food, Future of Work, software tools, consumer products, Sportstech, ERP, gaming, Adtech, Mobility, and Home Automation. Eleven Ventures does not invest in not-for-profit projects and instead targets companies that have a legal entity in Bulgaria and are expected to participate in a three-month acceleration program. The firm typically invests between €0.025 million and €0.5 million, taking minority stakes ranging from 6% to 30% depending on the stage of investment. In addition to funding, Eleven Ventures offers office accommodation, back office services, and access to over €0.1 million in free deals from technology service providers. Each quarter, the firm accepts 10-15 teams into its mentor-led program, providing strategic support and follow-on funding opportunities for companies with fully developed products.
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 is an online marketplace that focuses on providing IT training courses. The platform is designed to streamline the process of finding, booking, and managing professional training for organizations. By offering a range of courses, CourseDot enables businesses to efficiently secure training for their employees, ensuring that they meet industry standards in skills and performance. The marketplace caters to the needs of both clients and businesses, facilitating access to relevant training at convenient times and competitive prices.
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.
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, 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.
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 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.
Convenience AD, operating as eBag.bg, is an online supermarket based in Sofia, Bulgaria, that provides a diverse range of grocery and household products. Established in 2014, eBag.bg specializes in delivering fresh food, frozen items, fruits and vegetables, organic and dietetic options, packaged goods, sweets, drinks, and various personal care products. The platform also includes baby and child care items, pet care products, pharmacy essentials, and home supplies. By enabling consumers to conveniently order a wide assortment of products online, eBag.bg facilitates home delivery, enhancing the grocery shopping experience for its customers.
Havelock is a software company specializing in production management solutions for the fashion and apparel industry. Founded in 2015 and based in Sofia, Bulgaria, Havelock offers a ready-to-use software platform that can be deployed in the cloud or on-premise. The software assists production managers in overseeing garment production, providing essential reports and notifications for status updates. With over 25 years of experience in the fashion sector, Havelock's team has firsthand knowledge of industry challenges, having previously owned a brand with stores across several European countries and operated factories producing for well-known brands. In 2018, the company undertook a significant redevelopment of its software, integrating the latest technologies to enhance its offerings. Havelock aims to improve productivity and reduce stress for its users, with a workforce of over 800 employees dedicated to achieving smooth operations without the burden of overtime or crisis management.
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.
CourseDot is an online marketplace that focuses on providing IT training courses. The platform is designed to streamline the process of finding, booking, and managing professional training for organizations. By offering a range of courses, CourseDot enables businesses to efficiently secure training for their employees, ensuring that they meet industry standards in skills and performance. The marketplace caters to the needs of both clients and businesses, facilitating access to relevant training at convenient times and competitive prices.
CourseDot is an online marketplace that focuses on providing IT training courses. The platform is designed to streamline the process of finding, booking, and managing professional training for organizations. By offering a range of courses, CourseDot enables businesses to efficiently secure training for their employees, ensuring that they meet industry standards in skills and performance. The marketplace caters to the needs of both clients and businesses, facilitating access to relevant training at convenient times and competitive prices.
GymRealm is a software development company based in Sofia, Bulgaria, established in 2011. The company specializes in creating management solutions for the sports and wellness industry, focusing on fitness and gym businesses. Its platform offers a range of features designed to streamline operations, including member management, booking and scheduling, financial reporting, access control, and marketing tools. By integrating these functionalities, GymRealm aims to enhance the efficiency and profitability of gyms, while also improving customer satisfaction. Additionally, the company provides sport pass cards to further support fitness enthusiasts in accessing various facilities.
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.
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.
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.
Farmhopping Ltd. is an online platform designed to connect small farmers with consumers, facilitating direct interactions between them. Founded in 2012 and based in Sofia, Bulgaria, the platform allows farmers to create personal storefronts where they can sell their produce and manage their offerings. Benefactors can support these farms by purchasing farm share packages, which may include fresh produce or other goods, and can also receive benefits such as stays at the farm's premises. This marketplace aims to promote sustainable agriculture by enabling customers to easily access fresh food from local producers, thereby fostering community engagement and financial support for small farms.
MaistorPlus operates an online platform to bring craftsmen and homeowners together. It features homeowners and tradesmen profiles where homeowners post job on the website and also leave feedbacks after the job is done. The company was founded in 2012 and is based in Sofia, Bulgaria.
TaxiMe OOD is a Sofia-based company that operates a taxi booking application designed to connect customers with taxi drivers efficiently. The app enables users to order taxis without the need to call a dispatcher, offering real-time information such as the estimated time of arrival and trip costs directly on their smartphones. This convenience allows customers to track their ride and select preferred drivers, enhancing their overall travel experience. The service is provided at no charge to users, making it an accessible option for those seeking reliable transportation.
Qlibri is a mobile platform designed for users to collect and store their favorite businesses and places. The application serves as a personalized digital directory, allowing clients to easily access and manage their preferred establishments. For businesses, Qlibri provides an opportunity to enhance their visibility on mobile devices, enabling them to engage with clients more effectively. The platform includes features such as reservation management, online sales, and customer feedback collection, which help businesses and professionals develop their own mobile applications and responsive websites. Through this combination, Qlibri aims to streamline the interaction between consumers and businesses, creating a user-friendly experience for both parties.
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.
GymRealm is a software development company based in Sofia, Bulgaria, established in 2011. The company specializes in creating management solutions for the sports and wellness industry, focusing on fitness and gym businesses. Its platform offers a range of features designed to streamline operations, including member management, booking and scheduling, financial reporting, access control, and marketing tools. By integrating these functionalities, GymRealm aims to enhance the efficiency and profitability of gyms, while also improving customer satisfaction. Additionally, the company provides sport pass cards to further support fitness enthusiasts in accessing various facilities.
GymRealm is a software development company based in Sofia, Bulgaria, established in 2011. The company specializes in creating management solutions for the sports and wellness industry, focusing on fitness and gym businesses. Its platform offers a range of features designed to streamline operations, including member management, booking and scheduling, financial reporting, access control, and marketing tools. By integrating these functionalities, GymRealm aims to enhance the efficiency and profitability of gyms, while also improving customer satisfaction. Additionally, the company provides sport pass cards to further support fitness enthusiasts in accessing various facilities.
Adormo Limited provides online services to the rental portals, creates and distributes property profiles to various portals. The company was incorporated in 2001 and is based in London, United Kingdom.
Qlibri is a mobile platform designed for users to collect and store their favorite businesses and places. The application serves as a personalized digital directory, allowing clients to easily access and manage their preferred establishments. For businesses, Qlibri provides an opportunity to enhance their visibility on mobile devices, enabling them to engage with clients more effectively. The platform includes features such as reservation management, online sales, and customer feedback collection, which help businesses and professionals develop their own mobile applications and responsive websites. Through this combination, Qlibri aims to streamline the interaction between consumers and businesses, creating a user-friendly experience for both parties.
PartyWithMe
Seed Round in 2014
PartyWithMe is based in Sofia, Grad Sofiya, Bulgaria.
Zzzzapp! turns any Wi-Fi hotspot into a content delivery system and interactive platform. Zzzzapp is aimed at giving businesses an easy to use platform for communicating with their customers on spot and giving them some interesting and useful web apps to use developed in house or by third parties.
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.
TaxiMe OOD is a Sofia-based company that operates a taxi booking application designed to connect customers with taxi drivers efficiently. The app enables users to order taxis without the need to call a dispatcher, offering real-time information such as the estimated time of arrival and trip costs directly on their smartphones. This convenience allows customers to track their ride and select preferred drivers, enhancing their overall travel experience. The service is provided at no charge to users, making it an accessible option for those seeking reliable transportation.
PartyWithMe
Seed Round in 2014
PartyWithMe is based in Sofia, Grad Sofiya, Bulgaria.
Farmhopping Ltd. is an online platform designed to connect small farmers with consumers, facilitating direct interactions between them. Founded in 2012 and based in Sofia, Bulgaria, the platform allows farmers to create personal storefronts where they can sell their produce and manage their offerings. Benefactors can support these farms by purchasing farm share packages, which may include fresh produce or other goods, and can also receive benefits such as stays at the farm's premises. This marketplace aims to promote sustainable agriculture by enabling customers to easily access fresh food from local producers, thereby fostering community engagement and financial support for small farms.
TaxiMe OOD is a Sofia-based company that operates a taxi booking application designed to connect customers with taxi drivers efficiently. The app enables users to order taxis without the need to call a dispatcher, offering real-time information such as the estimated time of arrival and trip costs directly on their smartphones. This convenience allows customers to track their ride and select preferred drivers, enhancing their overall travel experience. The service is provided at no charge to users, making it an accessible option for those seeking reliable transportation.
Hungr.io is a startup determined to drastically improve how people choose restaurants. We aim to remove the paradox of choice of the whole experience. By creating a network of food experts we aim to bring daily fresh information of best dishes available in the city. We will be starting in Sofia and Zagreb by the end of 2013.
GruvIt operates as a social marketplace that enables individuals to book local musicians, bands, and DJs for events and parties. By applying an innovative approach reminiscent of Airbnb to the music booking process, GruvIt provides a platform for talented independent and unsigned artists to connect with potential clients seeking entertainment for unconventional gatherings. This model empowers individuals to become venues for live performances, allowing musicians to enhance their exposure and fan base while offering party hosts the opportunity to curate unique experiences. Through its services, GruvIt aims to transform the traditional music booking system and support the livelihoods of emerging artists.
Zzzzapp! turns any Wi-Fi hotspot into a content delivery system and interactive platform. Zzzzapp is aimed at giving businesses an easy to use platform for communicating with their customers on spot and giving them some interesting and useful web apps to use developed in house or by third parties.
GymRealm is a software development company based in Sofia, Bulgaria, established in 2011. The company specializes in creating management solutions for the sports and wellness industry, focusing on fitness and gym businesses. Its platform offers a range of features designed to streamline operations, including member management, booking and scheduling, financial reporting, access control, and marketing tools. By integrating these functionalities, GymRealm aims to enhance the efficiency and profitability of gyms, while also improving customer satisfaction. Additionally, the company provides sport pass cards to further support fitness enthusiasts in accessing various facilities.
MaistorPlus operates an online platform to bring craftsmen and homeowners together. It features homeowners and tradesmen profiles where homeowners post job on the website and also leave feedbacks after the job is done. The company was founded in 2012 and is based in Sofia, Bulgaria.
Zzzzapp! turns any Wi-Fi hotspot into a content delivery system and interactive platform. Zzzzapp is aimed at giving businesses an easy to use platform for communicating with their customers on spot and giving them some interesting and useful web apps to use developed in house or by third parties.
Farmhopping Ltd. is an online platform designed to connect small farmers with consumers, facilitating direct interactions between them. Founded in 2012 and based in Sofia, Bulgaria, the platform allows farmers to create personal storefronts where they can sell their produce and manage their offerings. Benefactors can support these farms by purchasing farm share packages, which may include fresh produce or other goods, and can also receive benefits such as stays at the farm's premises. This marketplace aims to promote sustainable agriculture by enabling customers to easily access fresh food from local producers, thereby fostering community engagement and financial support for small farms.
GymRealm is a software development company based in Sofia, Bulgaria, established in 2011. The company specializes in creating management solutions for the sports and wellness industry, focusing on fitness and gym businesses. Its platform offers a range of features designed to streamline operations, including member management, booking and scheduling, financial reporting, access control, and marketing tools. By integrating these functionalities, GymRealm aims to enhance the efficiency and profitability of gyms, while also improving customer satisfaction. Additionally, the company provides sport pass cards to further support fitness enthusiasts in accessing various facilities.
WoBeeK LTD. is a company based in Serbia that offers a web application designed specifically for beekeepers. The WoBeeK application provides users with the tools to record crucial information about their beehives and apiaries, allowing them to search, sort, and compare data effectively. Beekeepers can track treatments and feeding, compare different medications, and document essential factors such as weather conditions. The application also includes features for generating reports and sending alerts and notifications via email. Additionally, WoBeeK enables businesses involved in beekeeping equipment, medicines, and accessories to showcase and sell their products online, thereby enhancing the overall efficiency and accessibility of the beekeeping industry.
MaistorPlus operates an online platform to bring craftsmen and homeowners together. It features homeowners and tradesmen profiles where homeowners post job on the website and also leave feedbacks after the job is done. The company was founded in 2012 and is based in Sofia, Bulgaria.
Farmhopping Ltd. is an online platform designed to connect small farmers with consumers, facilitating direct interactions between them. Founded in 2012 and based in Sofia, Bulgaria, the platform allows farmers to create personal storefronts where they can sell their produce and manage their offerings. Benefactors can support these farms by purchasing farm share packages, which may include fresh produce or other goods, and can also receive benefits such as stays at the farm's premises. This marketplace aims to promote sustainable agriculture by enabling customers to easily access fresh food from local producers, thereby fostering community engagement and financial support for small farms.
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