Vassil Terziev is a Managing Partner at Eleven Ventures, an early stage VC fund focused on the Southeast Europe region. Prior to Eleven, Vassil served as Chief Innovation Officer of Progress Software (NASDAQ: PRGS) which he joined with the acquisition of Telerik, the co-company he co-founded in 2002. As CEO of Telerik, he played a key role in the successful growth of the company from a start-up to a leading global provider of developer tools used by millions of developers with over 130,000 clients, including 450 out of the Fortune 500 companies.
As an active supporter of the Bulgarian innovative ecosystem, Vassil is a Founding Board Member of Endeavor Bulgaria and the Bulgarian Innovation Hub, as well as one of the most active angel investors. With his former founders at Telerik he is also co-founder of Telerik Academy, the leading educational initiative for digital technologies in Bulgaria, and CampusX, the biggest incubator for technology startups and scale-ups in Southeast Europe.
Vassil holds a Bachelor degree in Business Administration from the American University in Bulgaria.