Founded in 2012 by Daniel Tomov, Dilyan Dimitrov, Ivaylo Simov, and Jon Bradford, Eleven focuses on helping startups in the hardware, mobile, IoT, wearables, health, data analytics, and web sectors. It aims to support companies in their transformation from the discovery stage to validation and growth. With 162 investments and 47 exits as of February 2020, Eleven is one of the leading early-stage VCs in Southeast Europe. It invests in 10-15 startups every three months and has been instrumental in catalyzing the regional startup ecosystem. Some of the startups it has backed include Payhawk, Gtmhub, Dronamics, SMSBump, Kanbanize, and Nitropack.