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General Information

Funds

Eleven Fund, 4/2012 €12M

Offices

Eleven HQ
4 Gen. Yosif Gurko str.
Sofia, 1000, BGR

People

Founder
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Eleven

Eleven is a EUR 12 million acceleration and seed fund, based in Sofia, Bulgaria. Eleven launched in 2012 as a winner of the EIF Jeremie seed finance instrument for Bulgaria.

Eleven’s aim is to give early stage teams the opportunity to pass from the discovery stage to validation and beyond, and to accelerate past initial MVP to Seed and Series A investment readiness. We are primarily focused on giving opportunities to teams in the region of Central and Eastern Europe, but we encourage teams from everywhere to apply.

Eleven invests in 10-15 startups every three months, and offers an extensive mentorship program, an acceleration space, and a EUR 50,000 investment against up to 15% of equity to teams selected to participate.

Recent Milestones

Investments

Company Date Round Size Participants
Ulympix 11/2013Seed€25k1
CaseTrek 10/2013Venture Round$96.6k5
Parudi 9/2013Seed€25k1
Hungrio 9/2013Seed€25k1
Volofy 9/2013Seed€25k1
Data Maid 9/2013Seed€25k1
Biottery 9/2013Seed€25k1
TaxiMe 9/2013Seed€25k1
Data Craft and Magic 9/2013Seed€25k1
GruvIt 9/2013Seed€25k1
Magin 9/2013Seed€15k1
Skiipi 9/2013Seed€25k1
inSelly 9/2013Seed€25k1
Capt'nSocial 9/2013Seed€25k1
Unioncy 9/2013Seed€125k1
Clicko 9/2013Seed€50k1
Kidamom 8/2013Seed€25k1
GymRealm 8/2013Seed€25k1
Filement 8/2013Seed€25k1
Lionsharp Solutions 8/2013Seed€25k1
NumberPicture 8/2013Seed€25k1
Zzzzapp! 8/2013Seed€25k1
Divesquare 8/2013Seed€25k1
Playground Energy 6/2013Seed€150k1
VetCloud 6/2013Seed€150k1
Kanbanize 6/2013Seed€100k1
Kanbanize 6/2013Seed€25k1
Clicko 5/2013Seed€25k1
Skiipi 5/2013Seed€25k1
Capt'nSocial 5/2013Seed€25k1
Quizens 5/2013Seed€25k1
Wiener Games 5/2013Seed€25k1
Sponsia 5/2013Seed€25k1
Gameleon 5/2013Seed€25k1
MaistorPlus 5/2013Seed€25k1
Crowd Sense 5/2013Seed€25k1
Squee 5/2013Seed€25k1
ShareYourCart 5/2013Seed€25k1
VetCloud 5/2013Seed€25k1
Unioncy 4/2013Seed€25k1
Confetti Games 4/2013Seed€25k1
Noveporter 4/2013Seed€25k1
Lionsharp Solutions 4/2013Seed€25k1
Wonderswamp 3/2013Seed€25k1
GymRealm 3/2013Seed€25k1
Wobeek 3/2013Seed€25k1
Divesquare 3/2013Seed€25k1
NumberPicture 3/2013Seed€25k1
Kidamom 3/2013Seed€25k1
Zzzzapp! 3/2013Seed€25k1
FootballScout 3/2013Seed€25k1
farmhopping 3/2013Seed€25k1
FootballScout 3/2013Seed€615k1
Playground Energy 2/2013Seed€25k1
Soundvamp 2/2013Seed€25k1
Eventyard 2/2013Seed€25k1
Sensika Technologies 2/2013Seed€175k1
Sponsia 1/2013Seed€25k1
Gameleon 1/2013Seed€25k1
Crowd Sense 1/2013Seed€25k1
Nauchime.org 1/2013Seed€5k1
VetCloud 1/2013Seed€35k1
Unioncy 1/2013Seed€25k1
ShareYourCart 12/2012Seed€25k1
Squee 12/2012Seed€25k1
Soundvamp 12/2012Seed€25k1
CaseTrek 10/2012Seed€45k1
MaistorPlus 9/2012Seed€25k1
FootballScout 9/2012Seed€25k1
Filement 9/2012Seed€25k1
KeenSkim 9/2012Seed€25k1
Sensika Technologies 8/2012Seed€25k1
farmhopping 7/2012Seed€25k1
Playground Energy 7/2012Seed€25k1
Ulympix 7/2012Seed€25k1
Eventyard 7/2012Seed€25k1
La Koketa 7/2012Seed€25k1
CaseTrek 4/2012Seed€25k1

Videos

Above:

Eleven’s first selection days, July 2012

Added: 8/1/12

Sources

  1. EIF selects two Venture Capital Funds for EUR 21m Bulgarian SME initiative (eif.org) [edit]
  2. EIF blog (eif.org) [edit]
    TechCrunch: Another Accelerator Sprouts Up In Europe: Eleven Launches With €12m Fund, First Startup Cohort (techcrunch.com) [edit]
  3. Citation Needed [add]
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  5. Bulgarian Eleven Announces New Crop Of Startups (goaleurope.com) [edit]
  6. Bulgarian Eleven Announces New Crop Of Startups (goaleurope.com) [edit]
  7. Bulgarian Eleven Announces New Crop Of Startups (goaleurope.com) [edit]
  8. Bulgarian Eleven Announces New Crop Of Startups (goaleurope.com) [edit]
  9. Bulgarian Eleven Announces New Crop Of Startups (goaleurope.com) [edit]
  10. Bulgarian Eleven Announces New Crop Of Startups (goaleurope.com) [edit]
  11. Bulgarian Eleven Announces New Crop Of Startups (goaleurope.com) [edit]
  12. THE NEW TEN (blog.eleven.bg) [edit]
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  21. Eleven demo day – showcasing their second batch of teams in Sofia (blog.howtoweb.co) [edit]
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  28. Eleven Portfolio [edit]
  29. Eleven Portfolio [edit]
  30. Eleven source [edit]
  31. Eleven Portfolio [edit]
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  42. Eleven demo day – showcasing their second batch of teams in Sofia (blog.howtoweb.co) [edit]
  43. Eleven Portfolio [edit]
  44. Citation Needed [add]
  45. Citation Needed [add]
  46. MEET THE LUCKY 13 – WHO IS JOINING ELEVEN’S THIRD BATCH (blog.eleven.bg) [edit]
  47. Bulgarian accelerator Eleven announces new startups (inventures.eu) [edit]
  48. Eleven’s Third Batch: 13 Lucky Startups Go to Sofia! (netocratic.com) [edit]
  49. Eleven’s Third Batch: 13 Lucky Startups Go to Sofia! (netocratic.com) [edit]
  50. Eleven’s Third Batch: 13 Lucky Startups Go to Sofia! (netocratic.com) [edit]
  51. Eleven’s Third Batch: 13 Lucky Startups Go to Sofia! (netocratic.com) [edit]
  52. Eleven’s Third Batch: 13 Lucky Startups Go to Sofia! (netocratic.com) [edit]
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  60. ELEVEN’S NEW MAGNIFICENT 8 AND SOME OTHER NUMBERS (blog.eleven.bg) [edit]
  61. Citation Needed [add]
  62. Eleven Portfolio [edit]
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  66. ShareYourCart starts accelerating @Eleven (blog.shareyourcart.com) [edit]
  67. Eleven’s 2nd Batch of 9 Eastern European Startups: Squee, VetCloud… (netocratic.com) [edit]
  68. Feedback about Eleven’s Demo Day – HintOrTwo (radorado.me) [edit]
  69. Citation Needed [add]
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  72. More startups backed in Bulgaria as Eleven.bg announces its eleven teams (goaleurope.com) [edit]
  73. THE FIRST 11 @ ELEVEN (blog.eleven.bg) [edit]
  74. Another Accelerator Sprouts Up In Europe: Eleven Launches With €12m Fund, First Startup Cohort (techcrunch.com) [edit]
  75. THE FIRST 11 @ ELEVEN (blog.eleven.bg) [edit]
  76. More startups backed in Bulgaria as Eleven.bg announces its eleven teams (goaleurope.com) [edit]
  77. More startups backed in Bulgaria as Eleven.bg announces its eleven teams (goaleurope.com) [edit]
  78. THE FIRST 11 @ ELEVEN (blog.eleven.bg) [edit]
  79. THE FIRST 11 @ ELEVEN (blog.eleven.bg) [edit]
  80. Bulgarian accelerator Eleven announces new startups (inventures.eu) [edit]
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Last Edited 3/7/14

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