Bulgaria’s MFG Invest has invested an additional €100,000 ($103,160) into the Eleven Fund III Cooperatief U.A. managed by Eleven Ventures. This brings MFG Invest’s total commitment to €770,000, with aims to reach €1 million. The Eleven Fund III, with a total capital of €60 million, targets pre-seed and seed-stage investments in Southeast European companies. As of September 2024, the fund has invested €32 million across 32 portfolio companies. MFG Invest’s shares last traded at 2.50 levs ($1.32/€1.28) on January 6 on the BEAM growth market of the Bulgarian Stock Exchange.