Bulgarian Eleven Ventures announces a € 60 million investment fund for the Southeast European startups.
The third investment fund, Eleven Fund III, has a ten times higher value than the previous one in 2018.
From the new fund, Eleven Ventures has already made seven investments.
This includes three Romanian companies: Frisbo, ProductLead and SuperOkay, a Greek company, Biopix and three others from Bulgaria: PlanDelta, Metasim and BeMe.
The fund was the first institutional investor in Payhawk, a startup that received USD 112 million at a valuation of USD 570 million in November 2021.
Eleven Ventures also supported Gtmhub, which received USD 120 million in an investment Series C in December 2021.
Tech companies from Southeast Europe were involved in 210 transactions with a total value of 2.25 billion euros, last year.
