Eleven Ventures
Sofia, Bulgaria · Venture CapitalFounded in 2012 by Daniel Tomov, Dilyan Dimitrov, Ivaylo Simov, and Jon Bradford, Eleven Ventures is one of Bulgaria's oldest and most active pre-seed and seed funds, with 170+ investments across South-Eastern Europe over 13 years. Its third fund (Eleven Fund III) closed at €60M in January 2022 backed by the EIF and 60+ individual LPs, targeting fintech, healthcare, future of work, sustainable food, and ecomtech. Notable exits and portfolio names include Payhawk, Quantive (formerly Gtmhub), SMSBump (acquired by Yotpo), Dronamics, and NitroPack. The first fund was listed on the Bulgarian Stock Exchange in 2020 via a spin-out called Eleven Capital.