Eleven Ventures
Eleven Ventures is a venture capital firm based in Sofia, Bulgaria, specializing in early-stage investments in technology-driven startups. Founded in 2012, the firm focuses on sectors such as Fintech, HealthTech, e-commerce, the Future of Food, the Future of Work, software tools and platforms, consumer products, Sportstech, gaming, Adtech, mobility, and home automation. Eleven Ventures typically invests between €0.025 million and €0.5 million, taking minority stakes in its portfolio companies, generally ranging from 6% to 30% equity. The firm runs a three-month accelerator program quarterly, mentoring 10-15 teams per cycle, providing not only capital but also office space and back-office support. Additionally, accepted teams benefit from free deals with technology service providers, enhancing their operational capabilities. Eleven Ventures aims to foster a vibrant startup ecosystem in Southeast Europe, particularly in Bulgaria, while also being open to investing in startups from other countries, provided they participate in the program.
Top Stages
Past deals in Greece
LangAware
Seed Round in 2023
LangAware, Inc. is a company that specializes in the development of an online health platform aimed at predicting neurodegenerative diseases through the detection and monitoring of digital biomarkers derived from language and speech. Founded in 2019 and based in Athens, Greece, LangAware leverages artificial intelligence and machine learning technologies to facilitate the early detection of conditions such as Alzheimer's disease. By evaluating cognitive status, the platform provides valuable insights to both physicians and patients, enabling early cognitive assessments that can help in the prevention and management of Alzheimer’s and related dementias.
BibeCoffee
Seed Round in 2023
BibeCoffee is a company based in Athens, Greece, founded in 2018, that specializes in developing IoT real-time monitoring solutions for professional coffee machines. Its innovative hardware device transforms traditional coffee machines into smart connected terminals, enabling roasters, distributors, coffee machine manufacturers, maintenance companies, coffee chains, and shop owners to monitor usage and operation in real-time. By providing analytics and insights, BibeCoffee's technology helps clients minimize revenue loss, reduce coffee wastage, and lower maintenance costs, while also enhancing brand quality. The platform ensures machines operate efficiently, streamlining maintenance processes and transforming business models within the coffee industry.
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