Eleven Ventures is a fund manager headquartered in Sofia, with a focus on high-growth projects, coming from Central and Eastern Europe. They have invested in over 100 companies since 2012, with founders coming from 38 countries all over the world. Most of their projects are in B2B software and SaaS, hardware products, and marketplaces.

The investment focus of Eleven is currently on companies that have early traction and proof of concept, looking for partners and resources to help them scale. Eleven provides pre-seed and seed funding, access to their network, and hands-on support to the teams they invest in. They partner with companies like Telerik Academy, UniCredit, Microsoft, Amazon, IBM, Google.

Eleven’s first fund is funded by the Joint European Resources for Micro to Medium Enterprises (JEREMIE) Initiative and is implemented through the Operational Programme “Development of the competitiveness of the Bulgarian economy” 2007-2013, co-financed by the European Regional Development Fund and the state budget, managed by the European Investment Fund.