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Wolf Theiss Advises Eleven Ventures on Bulgarian Start-Up Investments

Wolf Theiss Advises Eleven Ventures on Bulgarian Start-Up Investments

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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.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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