Eleven Ventures

Eleven Ventures is a prominent early-stage venture capital firm headquartered in Sofia, Bulgaria, dedicated to supporting technology startups in Southeastern Europe. Since its inception in 2012, the firm has been instrumental in fostering the regional startup ecosystem by providing capital, mentorship, and strategic guidance to emerging companies. Eleven Ventures focuses on four key sectors: Fintech, Healthcare, Future of Work, and Climate & Sustainability, aiming to empower local entrepreneurs to build globally successful businesses.

The firm's investment strategy centers on pre-seed and seed-stage companies, offering initial investments ranging from €100,000 to €200,000. Eleven Ventures has a strong track record of backing high-growth technology companies, including notable portfolio companies such as Payhawk, Dronamics, SMSBump, and Native Teams. Their approach combines financial support with hands-on assistance, leveraging a network of mentors and industry experts to accelerate the growth of their portfolio companies.

In 2022, Eleven Ventures closed its third fund, Eleven Fund III, at €60 million ($67.6 million), marking a significant increase from its previous fund. This fund continues the firm's commitment to investing in the next generation of technology innovators and entrepreneurs in Southeastern Europe. Eleven Ventures' mission is to identify and support local heroes, providing them with the resources and expertise needed to scale their businesses and achieve global success.