Bulgarian firm Eleven Capital

Bulgarian firm Eleven Capital

Bulgarian venture capital (VC) firm Eleven Capital [BUL:11C] said that it has completed the acquisition of a stake in Dutch portfolio company SmartOcto360 BV by converting an earlier convertible loan.

Under the completed transaction, SmartOcto360 issued 2,297 preference shares to Eleven Capital, the VC firm said in a statement on Wednesday.

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Eleven Capital first announced the planned transaction in mid-January. At the time it said that it would receive 1,749 preference shares by converting the loan.

The Dutch real-time smart editorial analytics company was formed in 2020 through the merger of start-ups SmartOcto and Serbia's Content Insights, both founded in 2015.

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