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Eleven Ventures

Eleven Ventures

Venture Capital

Eleven Ventures is an early-stage venture capital firm investing in startups across Southeast Europe since 2012. The firm supports technology companies in priority sectors including the future of work, fintech, healthcare, and sustainable food.

Portfolio

2

companies


Portfolio companies

Eilla AI

Eilla AI

Generative artificial intelligence platform streamlining workflows for financial professionals.

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Payhawk

Payhawk combines corporate cards, invoice processing, and expense management into a single financial platform.


Team

Vassil Terziev

Vassil Terziev

Investor

Vassil serves as Mayor of Sofia alongside investment experience at Eleven Ventures. He also co-founded Telerik Academy and Campus X.

LinkedIn
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Svetozar Georgiev

General Partner


Recent investments

Seed
£1.2M

Eleven Ventures led the seed investment in the financial artificial intelligence platform, with additional backing from Fuel Ventures.

"It was immediately clear from our own experiences in Venture Capital that Eilla’s innovative, AI driven approach will save a substantial amount of time and resources. Eilla will enable us in VC and others across PE, Corporate Finance and beyond to really focus on actually adding value. We’re excited to be investing alongside Eleven Ventures, and are looking forward to building something great with the enormously talented Eilla team."
— Mark Pearson, Founder & Managing Partner
Series B
£83.7M

Greenoaks led the Series B round, which values the company at $570m.

"Ask any business owner, and they’ll tell you that managing corporate spend is among the most frustrating parts of running a company. It requires significant manual work that consumes employee time and introduces substantial room for error. Payhawk turns a fragmented process into a seamless one, providing a single place to manage the entire spending lifecycle from company cards to expenses and bill payments to invoices. We’ve been thrilled to see how fast they’ve grown, already serving a truly global customer base that’s attracted by powerful and delightful software. We think that painful expense reports and bill payments should be a thing of the past, and we are excited to partner with Payhawk on the way to getting there."
— Patrick Backhouse, Partner