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Eleven Ventures

Eleven Ventures is a venture capital firm based in Sofia, Bulgaria, focusing on early-stage technology companies in Central and Eastern Europe. The firm supports local entrepreneurs with funding, mentorship, and community building.

Website
11.me
Founded
2012
Recorded stages
Pre Seed, Seed, Seed Plus, Series A, Series A Plus
Recorded regions
Cee, Europe

Online destinations

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Official links

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Overview

Eleven Ventures is a leading venture capital firm based in Sofia, Bulgaria, founded in 2012. The firm specializes in investing in early-stage technology companies across various sectors, particularly in Central and Eastern Europe. With a mission to empower local entrepreneurs, Eleven Ventures provides essential tools, mentorship, and networking opportunities to help startups scale and succeed in global markets. The firm has backed over 150 startups since its inception, including notable companies like Payhawk and Gtmhub. Eleven Ventures is recognized for its active role in the Bulgarian startup ecosystem and its commitment to fostering innovation in the region.

Focus

The focus of Eleven Ventures is on early-stage investments across various sectors, particularly those that leverage technology. The organization is committed to fostering innovation and supporting entrepreneurs as they navigate the challenges of building successful businesses.

Support

Eleven Ventures adds value to its portfolio companies through active mentorship, community engagement, and a strong network of industry connections. The firm is recognized as a first institutional investor in several successful startups, providing not only capital but also strategic guidance to help entrepreneurs navigate their growth trajectories.

Questions

What are Eleven Ventures' investment criteria?

Eleven Ventures invests in early-stage technology-driven startups, particularly in fintech, healthcare, AI, commerce, and web3 sectors. The firm focuses on companies at pre-seed, seed, seed+, Series A, and Series B stages.

How can startups apply or pitch to Eleven Ventures?

Startups interested in pitching to Eleven Ventures should prepare a detailed pitch deck that outlines their business model, market opportunity, and growth strategy. The firm prefers initial contact through warm introductions, but cold outreach is also accepted.

What makes Eleven Ventures different from other VCs?

Eleven Ventures is recognized for its active mentorship and community engagement within the Bulgarian startup ecosystem. The firm often serves as the first institutional investor in its portfolio companies, providing not just capital but also strategic guidance.

What is the geographic scope of Eleven Ventures' investments?

The firm primarily focuses on startups based in Southeastern and Central/Eastern Europe, aiming to empower local entrepreneurs to achieve global success.

What is the typical fund size and check size for Eleven Ventures?

Eleven Ventures has closed three funds, with the latest, Fund III, totaling €60 million ($67.6 million). The typical initial ticket size for investments is €100,000 for approximately 12% equity.

What kind of post-investment involvement does Eleven Ventures have?

Eleven Ventures actively engages with its portfolio companies through mentorship, strategic guidance, and leveraging its extensive network to support growth and development.

Check your startup’s fit

Check your startup’s fit with Eleven Ventures

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