{"id":21827,"date":"2019-12-06T10:30:26","date_gmt":"2019-12-06T08:30:26","guid":{"rendered":"https:\/\/investsofia.com\/en\/?p=21827"},"modified":"2019-12-06T10:32:25","modified_gmt":"2019-12-06T08:32:25","slug":"campus-x-launchub-ventures-eleven-join-forces-support-bulgarian-startup-ecosystem","status":"publish","type":"post","link":"https:\/\/investsofia.com\/en\/campus-x-launchub-ventures-eleven-join-forces-support-bulgarian-startup-ecosystem\/","title":{"rendered":"Campus X, LAUNCHub Ventures and Eleven join forces to support the Bulgarian startup ecosystem"},"content":{"rendered":"

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The collaboration aims to provide new opportunities for startup companies<\/i><\/b><\/p>\n

\"\"LAUNCHub Ventures has joined Campus X\u2019s ecosystem of tech startups, established companies and investors. For the first time ever, the two leading Bulgarian VC funds – <\/span>LAUNCHub Ventures<\/span><\/a> and<\/span> Eleven<\/span><\/a> – will be based under one roof – at<\/span> Campus X<\/span><\/a>. The collaboration between the three organizations aims to further support and grow the local startup ecosystem.<\/span><\/p>\n

\u201cWe\u2019re excited to welcome LAUNCHub Ventures at Campus X. By joining forces with them and Eleven, who are among our first members, we\u2019ll augment the positive impact of our efforts. Thus, shifting the venture of launching companies \u2013 that turn into global leaders in their industries \u2013 from being a lucky coincidence to a tested, sustainable, and replicable process,\u201d comments Boyko Iaramov, co-founder and CEO of Campus X.<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

Benefits to the startup ecosystem<\/b><\/p>\n

The main goal of this collaboration is to create additional opportunities and benefits for the local tech startups, including:<\/span><\/p>\n

–<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span>A longer financing path<\/b> \u2013 by focusing on different company growth stages, Eleven and LAUNCHub Ventures may foster startups\u2019 long-term development.<\/span><\/p>\n

–<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span>Access to leading experts<\/b> \u2013 even when working with just one of the organizations (LAUNCHub Ventures, Eleven, or Campus X), startups will have access to their combined network of seasoned entrepreneurs and experts, including the VCs\u2019 partners and Campus X\u2019s founders.<\/span><\/p>\n

–<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span>Shared know-how <\/b>\u2013 specially curated events, which are open to the entire ecosystem will help accelerate the companies\u2019 growth.<\/span><\/p>\n

–<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span>Bridge to international funds<\/b> \u2013 all companies based at Campus X will have access to a wide network of international investment funds and business angels.<\/span><\/p>\n

Strategy for long-term development<\/b><\/p>\n

The three organizations not only share a common vision for the future of the local tech ecosystem but also have complementing business strategies.<\/span><\/p>\n

Eleven<\/b><\/p>\n

Eleven invests in early-stage startups with validated products and real customers. Their initial investments vary between 100,000 and 300,000 \u0435uro (pre-seed). The VC fund has so far invested in more than 115 startups from Southeast Europe, including the Campus X members Payhawk, Gtmhub, Dronamix, CourseDot, Havelock and Rebellious Software.<\/span><\/p>\n

\u201cThe close proximity between Campus X, Eleven and LAUNCHub Ventures will leverage a platform for greater collaboration and know-how sharing, taking our efforts to grow the local startup ecosystem to the next level,” commented Vasil Terziev, co-founder of Campus X and a partner at Eleven.<\/span><\/p>\n

LAUNCHub Ventures<\/b><\/p>\n

LAUNCHub Ventures funds mature startups and scale-ups. Their investments range between 500,000 \u0435uro (seed) and 2M \u0435uro (in series A). LAUNCHub Ventures\u2019 key areas of interest are in the field of B2B Enterprise Software, Fintech, Marketplaces, Software as a Service (SaaS), Digital Health and Blockchain.<\/span><\/p>\n

Some of LAUNCHub Venture\u2019s notable portfolio companies include BG Menu, which was acquired by the Dutch giant Takeaway in 2018; Cloudpipes that was purchased by QuickBase in 2019; Connecto, acquired by Leanplum in 2018; OfficeRnD, which attracted $3M financing and was awarded the Startup of the Year award by CESA, as well as the leading OKR platform Gtmhub.<\/span><\/p>\n

\u201cCampus X has become an integral hub for startups, private and institutional investors, and potential startup founders due to the proximity and access to Telerik Academy\u2019s top industry talent and its growing partner network. Therefore, moving our team to Campus X became the most natural next step for us,” commented Todor Breshkov, Managing Partner at LAUNCHub Ventures.<\/span><\/p>\n

Campus X<\/b><\/p>\n

Campus X is an end-to-end coworking ecosystem, which provides all fundamental factors for tech companies\u2019 success. Our member companies have access to capital, leading industry experts and mentors, as well as the top tech talent, trained at Telerik Academy. Many of the startups based here have already attracted funding from Eleven and LAUNCHub Ventures or from other international investors like EarlyBird, SpeedInvest, Flashpoint, and Techstars.<\/span><\/p>\n

 <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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