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.

Hristo Hristov

Venture Partner

Elena Ivanova

Platform Associate

Belizar Marinov

Investment Principal

Viktor Minchev

Principal

Martin Ouzounov

COO

Valeri Petrov

Partner

Ivaylo Simov

Founder

Gergana Stoitchkova

Investment Associate

Daniel Tomov

Founding Partner

Past deals in North Macedonia

Farmia

Seed Round in 2015
Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs. Farmia is the fastest growing livestock marketplace in the world. We are No.1 online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.

Farmia

Convertible Note in 2015
Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs. Farmia is the fastest growing livestock marketplace in the world. We are No.1 online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.

Farmia

Seed Round in 2014
Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs. Farmia is the fastest growing livestock marketplace in the world. We are No.1 online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.

Farmia

Seed Round in 2014
Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs. Farmia is the fastest growing livestock marketplace in the world. We are No.1 online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.
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