/Investor DB

Eleven Ventures

Venture capital

Sofia · Pre-Seed–Seed · 10 people tracked

Not to be confused with Eleven Ventures (Venture capital · Palo Alto, US)

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Investment thesis

Eleven Ventures focuses on backing bold founders from Europe, offering more than just capital. Active since 2012, the firm emphasizes building meaningful companies from a region it strongly believes in, drawing on lessons learned from working with hundreds of founders.

Source: firm website, verified Sep 27, 2026.

Stage
Pre-Seed–Seed
Check
$270K – $1.6M
HQ
Sofia, BG
Leads rounds
Leads
Instruments
Equity
Founded
2012
Tracked investments
74
Unicorns
1
Acquisitions
1

Team · 10 people

from public directories
Emilian Todinov· Investment Associate
Gergana Stoitchkova· Associatein

Founder mafia

3 people who came through Eleven Ventures went on to found or lead other companies.

What they invest in

from 36 of 74 portfolio companies

SaaS ×20AI & Machine Learning ×13Enterprise Software ×7Fintech ×7Future of Work ×6HR Tech ×5Consumer ×4Digital Health ×4

HQs:Bulgaria×10United States×4Greece×2Czechia×1Germany×1Estonia×1

Who they back

founder profiles across 20 portfolio companies
40%
solo founders
8 of 20 mapped founding teams
39%
repeat founders
of 28 founders with career history

Founding team size:solo founder×82 founders×83 founders×14+ founders×3

Where their founders studiedfrom 26 founders with education data

Sofia University St. Kliment Ohridski ×8New Bulgarian University ×3Istanbul University ×2Stanford University ×2Technical University of Sofia ×2The University of Sheffield ×2University of California, Santa Cruz ×2University of National and World Economy ×2

What their founders studiedfrom 27 founders with field-of-study data

Computer Science ×12Business & Management ×10Engineering ×6Design & Architecture ×3Economics ×3Humanities ×2Mathematics & Statistics ×2

Where their founders worked beforefrom 28 founders with career history

Microsoft ×4Gheorghe Asachi​ Technical University of Iași ×2Telerik ×2

4 founders hold a PhD · 7 hold an MBA (of 28 with degree data)

Investments · 74 tracked

founders shown can be your intro path

By year:2025 · 22024 · 22023 · 32022 · 22019 · 110 dated

BibeCoffeebibecoffee.cominJan 2023

BibeCoffee provides real-time data, automation, and predictive analytics for coffee operations, connecting coffee machines to help businesses monitor and manage them at scale.

FoodTechIoTSaaSMaroúsi, GR

Panos Vrettos(Founder)inVasilis Apostolopoulos(Founder)in

Co-investorsUni.FundVentureFriends

Bitloops Eleven Ventures investorbitloops.comin

Bitloops provides infrastructure tools for AI-native software development, enabling engineering teams to build, govern, and improve AI-powered applications reliably.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper Tools

Sergio Pereira(Founder)inVasilis Danias(Founder)in

Co-investorsCorallia VenturesEleven Bulgaria AD

Blue Longevity Clinicbluelongevity.onlineinJul 2025

Blue Longevity provides advanced diagnostics and evidence-based therapies, combining scientific research with personalized care to create individualized longevity plans for people focused on their long-term health.

Digital HealthLongevityWellness & Fitness

BOLERON Digital insurance platformboleron.bgin

Boleron is an online platform for comparing, buying, and managing insurance policies, including car insurance, travel, property, life, health, and business coverage.

ConsumerFintechInsurTechSofia, BG

Desislava Tsvetkova(Founder)inAlexander Tsvetkov(Founder)

Co-investorsImpetus CapitalNew Vision 3

Businessmapbusinessmap.io

Businessmap offers a software platform for work management that combines Kanban boards, OKR tracking, portfolio workspaces, value stream mapping, and project and capacity planning to connect strategy with execution.

Enterprise SoftwareFuture of WorkSaaS

Cognitiwecognitiwe.aiin𝕏Mar 2024

Cognitiwe is an industrial computer vision company that builds a predictive Vision AI platform converting video and images into data to improve operational efficiency, safety, and sustainability.

Advanced ManufacturingAI & Machine LearningRetail TechTallinn, EE

Attila Algan(Founder)inMete Bayrakin

Co-investorsDOMiNO VenturesKickstart InnovationMetis VenturesTechOne Venture CapitalFlat6Labs

CoLumbocolumbo.mein

Smart Soft Healthcare develops AI-powered medical imaging solutions for analyzing and reporting spine MRI examinations.

AI & Machine LearningDigital HealthHealthtechMedical Devices

Nedelcho Georgiev(CEO & Cofounder)Asen Asenov(CTO, Cofounder)in

Co-investorsBrightCap Investment Advisor AD

Cupffeecupffee.meinAug 2025

Cupffee makes edible, crunchy cookie cups designed as a sustainable alternative to disposable coffee cups, sold to consumers and businesses.

Circular EconomyConsumerFoodTech

Miroslav Zapryanov(Founder)in

Dronamicsdronamics.comin𝕏

Dronamics develops autonomous aircraft for cargo transport.

Deep TechDefense TechHardwareLogistics & Supply ChainRobotics

Svilen Rangelov(Founder)Konstantin Rangelov(Founder)

Co-investorsFounders FactoryFounders Factory NYSpeedinvestEleven Bulgaria AD

Ebagebag.bgin
Econic Oneeconicone.com

Econic One makes smart, connected e-bikes that pair with a smartphone app for locating, locking/unlocking, anti-theft alarms, and sharing.

ConsumerIoTMobility & Transportation

Co-investorsVitosha Venture Partners

Enhancvenhancv.comin𝕏

Enhancv is an AI-powered resume builder that helps job seekers create ATS-friendly resumes, cover letters, and tailored applications, with tools for resume checking, job tracking, and interview preparation.

AI & Machine LearningHR TechSaaSSofia, BG

Volen Vulkov(Founder)in

Co-investorsEleven Bulgaria AD

Flatawayflataway.com

Sofia, BG

Boris Pavlov(Founder)

Flowflow.life

Flow.life designs online communities to facilitate connections among individuals, their local neighbors, and the natural environment.

Social

Adam Neumann(Founder)Aparna Dhinakaran(Founder)inDieter Shirley(Founder)Eswar Dhinakaran(Founder)inMikhael Naayem(Founder)Parikshat Singh(Founder)

Co-investorsAndreessen Horowitza16z cryptoAmerican Express Ventures (Amex)BAM VenturesCeras VenturesDeep Science Ventures+10 more

Frisbofrisbo.eu

Frisbo operates a European e-commerce order fulfillment network that lets online brands and retailers store inventory across multiple fulfillment centers, sync orders across sales channels, and access local courier services for cross-border, next-day delivery.

E-commerceLogistics & Supply ChainSaaS

Bogdan Colceriu(Founder)in

Co-investorsGapMinderRoca X

Healeehealee.cominMar 2024

Healee provides a virtual care platform that helps healthcare organizations and providers deliver telehealth and manage patient interactions.

AI & Machine LearningDigital HealthHealthtechSaaSChicago, US

Josif Dishliev(Co-founder & CEO)inHristo Kosev(Co-founder & CTO)inPlamen Petrov(Executive Officer, Director)inIrina Simeonova(Executive Officer)in

Co-investorsCalm/Storm VCKAYAMudita VentureNina Capital

LAM'ONlam-on.comin

LAM'ON is a manufacturing company that produces certified bio-based, compostable laminating films and packaging materials as alternatives to petroleum-based plastics for the print and packaging industries.

Advanced ManufacturingCircular EconomyCleantechNew MaterialsSofia, BG

Angela Ivanova(Co-founder & CEO)inGergana Stancheva(Co-founder & COO)inPhilip Ublekov(Co-founder & CTO)in

Langawarelangaware.comin𝕏Oct 2023

LangAware develops AI-driven diagnostic tools for the early detection of cognitive and mental health disorders, integrating into healthcare systems to provide clinicians with insights for personalized treatment.

AI & Machine LearningCloud ComputingDigital HealthHealthtechMental Health

Vassiliki Rentoumi(Founder & CEO)in

Co-investorsMetavallon VC

mBrainTrainmbraintrain.com

mBrainTrain develops portable, head-worn wireless EEG systems designed for brain research in labs, outdoor environments, and even aboard the International Space Station.

Deep TechHardwareHealthtech

Bogdan Mijovic(Founder)in

MClimatemclimate.euin

MClimate builds LoRaWAN-based IoT devices and a buildings management platform (MClimate Enterprise) for monitoring, controlling and automating heating, cooling, energy use, air quality and water systems in buildings.

EnergyIoTPropTechSofia, BG

Blagovest Dimitrov(Founder)inLyubomir Yanchev(Founder)in

Co-investorsKickstart Innovation

Mentessamentessa.cominFeb 2022

Mentessa offers an AI-powered, skills-based platform for organizations to run mentoring, peer learning, talent-matching, and diversity and inclusion programs.

AI & Machine LearningEdTechFuture of WorkHR TechSaaS

Dr. Tina Ruseva(Founder)inTina Ruseva

Co-investorsKickstart Innovation

Metrilometrilo.comin

Metrilo provides ecommerce analytics, CRM, and email marketing tools aimed at improving customer retention and growth.

E-commerceMarketing TechSaaS

Co-investorsLAUNCHub Ventures

Moveomoveo.aiin𝕏

Moveo.AI develops generative AI agents powered by proprietary large language models that automate customer service and business processes for enterprises.

AI & Machine LearningEnterprise SoftwareSaaSNew York, US

Panos Karagiannis(Founder)inGeorge Karagiannis(Founder)inGerman Attanasio Ruiz(CTO)inThanos Papadimitriou(President)in

Co-investorsEleven Bulgaria AD

MyTeammy-team.coin

A platform offering team sportswear and apparel for athletic clubs, associations, and academies, partnering with GSA (a leading European sportswear brand) to provide branded merchandise with discounted pricing and flexible payment options.

FintechSaaSSports TechAthens, GR

Co-investorsGenesis Ventures

Native Teamsnativeteams.comin𝕏

Native Teams provides a unified platform for managing global workforce payments, including payroll, contractor payouts, digital wallets, and employment administration.

Enterprise SoftwareFintechFuture of WorkHR TechSaaS

Aleksandra Mitrevska(Founder)Jack Thorogood(Founder)Nikola Bubevski(Founder)

Co-investorsBegin CapitalHaatchEleven Bulgaria AD

Nestornestorup.comin𝕏Seed · Dec 2022

Nestor provides HR teams and managers with software to catalog, evaluate, and assign employees based on their skills, using AI to match workers to internal roles, projects, and upskilling opportunities aligned with business needs.

Enterprise SoftwareHR TechSaaSSan Francisco, US

Bogdan Apostol(CEO)inRaluca Apostol(CPO)inAdrian Pironescu(CTO)

Co-investorsUnderline VenturesY Combinator

nfuse elevennfuse.aiin𝕏

Co-investorsLAUNCHub Ventures

Nitropacknitropack.ioin𝕏

NitroPack provides a WordPress performance optimization platform that helps website owners improve page load speeds and pass Core Web Vitals metrics.

Cloud ComputingDeveloper ToolsSaaS

Co-investorsEleven Bulgaria AD

Outfindooutfindo.comin

Outfindo is an AI company offering guided selling and product data enrichment tools for online retailers, matching products to customer questions to help shoppers select the right items.

AI & Machine LearningE-commerceRetail TechPrague, CZ

Jan Matějů(Founder)in

Co-investorsPateroPresto VenturesEleven Bulgaria ADLighthouseLighthouse Ventures

Payhawkpayhawk.comin𝕏Jan 2019

Payhawk is a corporate spend management platform that combines company cards, expense management, accounts payable, budgets, travel, reimbursements, subscriptions, and procurement with AI-based receipt extraction and reconciliation.

Enterprise SoftwareFintechSaaS

Hristo Borisov(Founder)inBoyko Karadzhov(Founder)inKonstantin Dzhengozov(Founder)inKonstantin Djengozov(Founder)

Co-investorsHubSpot VenturesLightspeed Venture PartnersQED InvestorsSprints CapitalEarlybird Venture CapitalEleven Bulgaria AD+1 more

PlanDeltaplandelta.comin

PlanDelta builds an enterprise-grade financial consolidation and FP&A (financial planning and analysis) software platform that automates reporting and delivers real-time financial insights.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Co-investorsRTP Global

Pluriapluria.coin𝕏May 2023

Pluria offers an app that lets companies book workspaces—coworking spaces, meeting rooms, private offices, work cafés, and event spaces—across a network of 1,000+ locations plus their own offices, with tools to coordinate team days and analytics on space usage and team engagement.

Future of WorkPropTechSaaSDover, US

Gabriela Draghia(Founder)in

Co-investorsSparking Capital

Quantivequantive.cominAcquired

WorkBoard provides a software platform for enterprise teams to define, align, and track strategic priorities and OKRs (objectives and key results).

AI & Machine LearningEnterprise SoftwareFintechFuture of WorkHR TechSaaSSofia, BG

Deidre Paknad(CEO)Daryoush Paknad(Co-founder)inIvan Osmak(Founder)Jordan Angelov(Founder)Martin Kirov(Founder)Radoslav Georgiev(Founder)

Co-investorsIndex VenturesLAUNCHub VenturesScaleX VenturesTechstarsVisionaries ClubInsight Partners+2 more

Sensikasensika.comin𝕏

Sensika is a media monitoring and analytics platform that uses AI and NLP to capture, analyze, and visualize mentions and conversations about brands across the media landscape.

AI & Machine LearningData & InfrastructureMarketing TechMedia & EntertainmentSaaSSofia, BG

Konstantin Christoff(Co-founder, CEO & Managing Partner)inVassil Velichkov(Co-founder, CTO & Managing Partner)inNenko Ivanov(Co-founder, CSA & Managing Partner)inAleksandar Kanchev(Co-founder, CDIO & Managing Partner)in

Smartoctosmartocto.comin

Smartocto provides editorial analytics software with AI-driven features that helps newsrooms and media organisations turn data into content decisions.

AI & Machine LearningData & InfrastructureMarketing TechMedia & EntertainmentSaaS

Co-investorsNEVEQ Capital Partners Ltd.North Base MediaSouth Central Ventures

Smsbumpsmsbump.com

SMSBump (Yotpo SMS) offered SMS marketing services for businesses; the product has reached end of life and been decommissioned.

Marketing TechSaaS

SuperOkaysuperokay.com

SuperOkay provides a white-label, customizable client portal that lets creative agencies and freelancers exchange files, assign tasks, get approvals, and sell packaged services in one centralized platform.

Creator EconomyFuture of WorkSaaS

TaxiMetaxime.to

TaxiMe is a taxi-hailing mobile app that connects riders with drivers in Sofia, Bulgaria, and also serves as a platform for drivers to earn income as partners.

MarketplacesMobility & TransportationSofia, BG

woli.io greecewoli.ioin𝕏

Woli provides a digital banking platform and prepaid card for children and teenagers, offering mobile payments and financial literacy tools.

ConsumerEdTechFintech

VasilisFilipposFilippos Antonopoulos(Founder)Vasilis Zoupas(Founder)

Co-investorsGenesis Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AhaPlayAlmacenaAngel BabyAppzioArteryAYOBIOPIX-TBoleronBread and SoulBusinessSoftCloud OfficeCoursedotEillaFlaminjoyGameraGymRealmHavelockiGreetMagfiMaistorPlusMetaSimnFuseNoble HireNOLDOndoPaketPerfeqtPlayground EnergyPollenityRushStrawberry EnergyTrue InsightsVivian LabWoli

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Eleven Ventures made?
Eleven Ventures has 74 tracked investments, 1 of which have exited, including 2 dated in the last 24 months.
What stage does Eleven Ventures invest at?
Eleven Ventures invests at the Pre-Seed, Seed stages.
What is Eleven Ventures's typical check size?
Eleven Ventures typically writes checks of $270K – $1.6M.
What sectors does Eleven Ventures focus on?
Eleven Ventures focuses on Climate Tech, E-commerce, Fintech, Future of Work, Healthtech, Longevity.
Where is Eleven Ventures located?
Eleven Ventures is headquartered in Sofia, BG.
Does Eleven Ventures lead rounds?
Yes, Eleven Ventures leads investment rounds.
Who does Eleven Ventures co-invest with?
Eleven Ventures most often shares deals with Kickstart Innovation, LAUNCHub Ventures, Index Ventures, among 36 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Opening Keynote by Svetozar Georgiev, Eleven Ventures (PMF.AI)

Eleven Ventures · Svetozar Georgiev

Valeri Petrov, Eleven Ventures: „Aș vrea fondatori mai deschiși la coaching”

start-up Business · Valeri Petrov

Fintech Summer Meetup 2020 | 30th July 2020 | Mr Daniel Tomov, Founding Partner at Eleven Ventures

Crowdpolicy | Greece · Daniel Tomov

Среща с инвеститори - Илевън Кепитъл (03.06.2026)

Eleven Ventures

Среща с инвеститори - Илевън Кепитъл (25.02.2026)

Eleven Ventures

Lars Rasmussen - Lessons from Building Google Maps (Eleven Ventures Founders Weekend 2025)

Eleven Ventures

Images

Eleven Ventures photoEleven Ventures photoEleven Ventures photo

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