Wolf Theiss has advised Eleven Ventures on three start-up investments in Bulgaria, including BibeCoffee, True Insight, and Native Teams.
Eleven Ventures is a Southeast Europe venture capital fund established in 2012 with over 150 collective investments to date.
According to the firm, BibeCoffee is the developer of a real-time IoT solution connecting any professional coffee machine or grinder to the cloud, "allowing users across the globe to monitor and improve the quality of each cup of coffee prepared on their watch." True Insight is the developer of a software-as-a-service product that employs "proprietary AI to help e-commerce brands and store owners analyze, track, compare, and diagnose their product pages and listings." And Native Teams is a start-up offering an "employee of record service and a digital wallet to facilitate company-freelancer relationships in an ever-shifting employment environment."
"At the end of January, Eleven stepped into UK-Greek startup BibeCofee's investment round with EUR 1.2 million, more than half of the fully raised funding of EUR 2.1 million," Wolf Theiss informed, while the True Insight investment was part of Eleven's dedicated program for supporting pre-seed CEE founders: Eleven Alpha.
The Wolf Theiss team included Partner Richard Clegg, Senior Associates Staniella Todorova and Zhulieta Markova, and Associate Kristian Yabalkarov.
The firm could not provide additional details on the matter.