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. They are primarily focused on giving opportunities to teams in the region of Central and Eastern Europe, but they 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.
Current Team (6)Update
4 Gen. Yosif Gurko str.
- 08/01/12 -techcrunch.com