SOFIA (Bulgaria), January 26 (SeeNews) – The Bulgarian Inventory Change stated that it has confirmed the principle market itemizing of enterprise capital agency Eleven Capital [BUL:11C] after the expiry of the obligatory three-month surveillance interval.
“In view of the expiry of the surveillance interval, BSE terminates the surveillance and confirms the itemizing on the BSE Major Market, Normal Equities Section, of the difficulty of shares of Eleven Capital,” the inventory trade operator stated in a press release on Monday.
Final 12 months, Eleven Capital raised 2.1 million levs ($1.3 million/1.1 million euro) in an preliminary public providing (IPO) on the Bulgarian Inventory Change, which shall be used largely for follow-on investments in its present portfolio.
Eleven Capital, established in January 2019, is the proprietor of the portfolio of native enterprise capital fund Eleven. The Eleven fund was launched in 2012 by Eleven Ventures, as a 12 million euro acceleration and seed fund, which was absolutely invested in 115 startups over three years. The fund initially benefited from financing from the European Funding Fund (EIF) underneath the JEREMIE programme.
(1 euro = 1.95583 levs)