It’s only the beginning of 2015 but Bulgarian Eleven Accelerator Venture Fund is taking applications for its last batch of the year. After that, Eleven will also hit the fundraising trail in the second part of 2015, looking to grow stronger and better with its next 11.2 fund.
Eleven, a Sofia-based accelerator venture fund, has a very particular mission: to help startups gain enough momentum to break free of local restraints and launch themselves into the global market. In search of new members for their startup family, it's just announced its 8th investment round.
On July 23rd Eleven held its sixth Demo Day at the fully packed Betahaus Sofia. An event usually reserved for cherry picked mentors, prominent investors and a few Eleven graduates, this Demo Day was different. In front of almost 200 guests, the nine graduating startups coming from five countries gave their pitch presentations to a far bigger crowd than past Eleven startups had done so.
Eleven Accelerator Venture Fund has just improved its investment terms. The accelerator keeps investing 100.000 euros in early-stage startups from CEE and beyond but this time under upgraded conditions of 25,000 euros for 8% equity plus 75,000 euros as a convertible note, available to startups after the first month of the accelerator program.
A few days ago the Bulgarian startup FootballScout raised €610k seed investment from a network of angel investors including Dimitar Berbatov, one of the most prolific strikers in the English Premier League currently at FC Fulham. FootballScout.com is a project of Sportal Media Group, the largest internet media group on the Bulgarian market. It was initially funded by the Bulgarian accelerator Eleven less than a year ago and raised its last round at a €3m+ valuation.
With brand new iOS application and releases in several European cities, Eventyard, a Bulgarian startup we wrote about a few months ago, gets international presence and opens up a new Seed round for investors.
Bulgarian startup accelerator Eleven enters its second year and it opened 5th application window, so the founders decided to share a few domains that are of particular interest to them and to spell out some directions they perceive as worthwhile. So, if you plan to apply for this accelerator, make sure to read Eleven’s list.
First Startup Mixer Sofia which is organized by Eleven's third batch startups, will take place on Thursday 8th August at The Roof by Eleven. Young students and professionals who apply for the event, will have an opportunity to talk to some of the regions most interesting startups which are in the process of hiring at the moment.
First day or RockPaperStartup conference was closed by Max Gurvits, principal of Bulgarian accelerator Eleven who now mentors some 30+ early stage startups in Europe. He pointed out several mistakes startups are constantly making and focused on distribution and fast prototyping as one of the most common mistakes he sees. Fast prototyping – startups don’t do […]
The first TechCrunch Balkans meetup in Sofia begun with a loud whistle from Dilyan Dimitrov, founder of the Bulgarian accelerator Eleven, the host of this event. It was startup time! That is right, TechCrunch Balkans, organized by Netocratic, is being held throughout this week – we will have lectures, panels and the most important thing – pitches in front of John Biggs!
They could have continued being successful on a smaller scale and be stagnant but they recognized there is a global market opportunity and decided to act. Here is the story of Lemax, a successful Software-as-a-Service company from Croatia.
When entering a new market, regardless of the type of technology, platform or content, software localization is a must. But for digital tools in the agriculture industry it takes on a whole set of new, unexpected dimensions.