On 20.01.2025, MFG Invest AD paid part of the planned investment in Eleven Fund III Coöperatief U.A. The contribution is in the amount of 100,000 (one hundred thousand) euros, which brings the amount of funds invested by MFG Invest AD to date to the amount of 770,000 (seven hundred and seventy thousand) euros.
About Eleven Fund III Coöperatief U.A:
Eleven Fund III is the third fund of the venture capital company Eleven Ventures.
The fund has a capital of 60 million euros and is registered in the Netherlands. The fund makes pre-seed and seed investments in companies from Southeast Europe.
As of September 2024, the fund’s investments amount to 32M EUR, and the companies in the portfolio are 32, including Almacena, BeMe AI, Bibe Coffee, Biopix, CoLumbo, FlatAway, Flow, Frisbo, Native Teams and others.
MFG Invest is an LP (limited partner) in the Fund, with the total investment request amounting to EUR 1M.