Daniel Tomov has been investing in startups since 2000 through Bulventures, Bulgaria's first seed fund, and also co-founded Quantum Solar, where he helped build a 10 MWp solar plant—giving him a hands-on background in renewable energy alongside his investing work. After backing 115 companies in just over three years at Eleven, he moved toward writing larger checks that give founders 12 to 18 months of runway, and he has focused much of his work on connecting founders across Southeast Europe—such as pairing Greek commercial talent with Bulgarian engineering talent—so they can build for international markets from the start rather than stay limited to their home country.
About their Fund
Sectors
Fintech, Health, Future of Work, Food & Ag, Climate
Rounds
Pre-Seed - Seed
Avg Check Size
€300K–€1M
Notable Investments
Eleven Ventures is one of Bulgaria's first startup funds, founded in 2012 as an accelerator to help build the Bulgarian and Southeast European startup ecosystem for founders in the region, and it is funded by more than 80 tech and industrial entrepreneurs from CEE rather than typical institutional investors. It runs programs like the Visa Innovation Program Europe with Visa and the Elevate university accelerator with AUBG, and its portfolio includes early support for Bulgaria's first unicorn, Payhawk, as well as less conventional bets like the cargo-drone airline Dronamics.
Other partners at the fund
Notable Fund
Investments
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Sheets they're in
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Sheets they're Fund is in
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
Robotics
Biotech
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12
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
+
7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
+
2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
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4
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Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
+
2
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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