Top 10 VC Firms in Greece

Despite facing challenges such as the 2008 economic crisis and the 2020 COVID-19 pandemic, Greece has shown resilience. In 2022, notable successes like Viva Wallet and PeopleCert surpassing US$ 1 billion in valuations have inspired local founders, fostering motivation. With a skilled English-speaking workforce, a thriving IT sector, and a strategic location near European, Middle Eastern, and African markets, Greece is positioned to become a regional tech hub. Our blog features the top 10 venture capital firms in Greece and Europe, considering various factors. Here's the list:

1. Marathon Venture Capital

Marathon Venture Capital invests globally in areas like climate, health, finance, AI, and crypto. Co-founded by individuals who started Open Coffee meet-ups in 2007, the firm increased its Fund II to 70 million EUR. Marathon supports determined individuals tackling challenges to reshape industries. They focus on limitless ambition, radical openness, and community giving as network and company builders. Committed to long-term ventures, Marathon acts as a catalyst for founders pursuing ambitious goals.

Website: marathon.vc

Founding Year: 2017

Investment Range: €1M - €1.5M

Stage: Seed, Series A

Sector: Technology

Investment Geography: Greece, Europe, US

Notable Investments: Causaly, Avrio, Augmenta, Centaur Analytics, Connectly

Submit Pitch/ Contact: Link

2. VentureFriends

Venture Friends is a European Venture Capital fund based in Athens and London. They were founded in 2016 during the Greek crisis. They focus on investing in early-stage tech startups, particularly in areas like Marketplaces, SaaS, Proptech, Fintech, and Traveltech. In 2021, they invested €60.6M in 37 startups, with notable achievements such as the $360M acquisition of InstaShop by DeliveryHero and having fintech unicorn Jeeves in their portfolio.

Website: venturefriends.vc

Founding Year: 2011

Investment Range: €500K - €2.5M

Stage: Seed, Series A

Sector: PropTech, FinTech, TravelTech, Marketplaces, SaaS 

Investment Geography: Europe, Middle East, North America

Notable Investments: Tymit, Barte, Embat, Embla

Submit Pitch/ Contact: Link

3. Starttech Ventures

Starttech Venture is a B2B SaaS Venture Builder and Seed Investor based in Greece, operates in the European market with a particular emphasis on founders from the Eastern Mediterranean and SE Europe. Specializing in co-founding and investing in early-stage B2B SaaS startups, Starttech adopts a lean startup and design thinking approach. With a strategic focus on high-velocity business models, Starttech Ventures directs its commercial efforts toward the North American market. Driven by a vision of entrepreneurship as a force for positive global change, the company stands out as a catalyst for innovation and growth.

Website: starttech.vc

Founding Year: 2012

Investment Range: Undisclosed

Stage: Pre Seed, Seed

Sector: Technology

Investment Geography: The Eastern Mediterranean and Southeast Europe region

Notable Investments: Cycleops, RouteLogger, DreamClass, Gracely, TraitForward, Qurio, MailBurn

Submit Pitch/ Contact: Link

4. Velocity.Partners

Velocity.Partners is a pre-seed and seed VC Fund. It specializes in tech companies within sectors that can leverage Greece's economic strengths for global validation and market traction. They seek tech firms with entrepreneurial prowess, international outlook, and disruptive potential. Ideal candidates demonstrate a clear business model, evidence of customer demand, and high growth prospects. Formed by seasoned investment professionals, entrepreneurs, and industry experts in collaboration with Found.ation, Velocity.Partners is part of the Equifund venture capital funds and is supported by the Operational Program “Competitiveness, Entrepreneurship & Innovation” (EPAnEK).

Website: velocitypartners.vc

Founding Year: 2017

Investment Range: ~ €500K

Stage: Pre Seed, Seed

Sector: Technology

Investment Geography: Greece

Notable Investments: Hosthub, loceye, ToorBee, SERG Technologies, The Sanguine Lab, Digital Commerce Intelligence

Submit Pitch/ Contact: Link

5. Uni.Fund

Uni.Fund drives the growth of innovative ventures tapping into Greece's universities, R&D, and tech sector. Fueled by an entrepreneurial spirit, the team excels in business establishment, global expansion, research management, and scaling. Committed to integrity and fairness, Uni.Fund prioritizes people and team development, empowering strengths, and executing effective go-to-market strategies. The focus is on creating optimal growth conditions, fostering the right connections, and journeying alongside teams throughout their success path.

Website: uni.fund

Founding Year: 2017

Investment Range: €250K - €500K

Stage: Pre Seed, Seed

Sector: Deep Tech, Research, IoT, SaaS, Market Innovation

Investment Geography: Greece

Notable Investments: Allcancode, B2B Wave, enzyQUEST, FlexCar, FoodOxys, ExitBee

Submit Pitch/ Contact: Link

6. Genesis Ventures

Genesis Ventures was founded in 2021. The firm is based in Athens. It is a fund that supports early-stage startups in Greece and South-East Europe. Their goal is to raise €40M in venture capital by 2025 through partnerships with angel investors, offering vital support to new businesses in the area.

Website: genesis-ventures.vc

Founding Year: 2021

Investment Range: €100K - €500K

Stage: Pre Seed, Seed, Series A

Sector:  Enterprise SaaS, Fintech, Healthcare, E-commerce
Investment Geography: Greece, South East Europe

Notable Investments: Billys, Munchfam, Pop Market, Zenus, Wealthyhood, Progressive Robotics

Submit Pitch/ Contact: Link

7. Metavallon VC

Metavallon VC is a venture capital fund with over €50m in assets under management. Operating from Fund II, the firm specializes in Seed and Seed+ investments, deploying funds ranging from €0.5m to €1.5m. With a focus on early-stage engagement, Metavallon VC supports ambitious entrepreneurs driving business and technology innovation. Specializing in B2B models and deep technology, the firm has strong connections to Greece and has backed transformative startups like Think Silicon, Purposeful, and Perceptual Robotics across various industries and geographies.

Website: metavallon.vc

Founding Year: 2018

Investment Range: €500K - €1M

Stage: Early

Sector: Space & Aviation, Energy & Cleantech, FinTech, Agriculture, HealthTech, Retail 

Investment Geography: Greece

Notable Investments: Speen, Useberry, Purposeful, Ferryhopper, Perceptual Robotics, Mist.io 

Submit Pitch/ Contact: Link

8. TECS Capital

TECS Capital, a Thessaloniki-based Alternative Investment Fund under Greek Law, operates with the Hellenic Development Bank for Investments (HDBI) as a key investor. Specializing in science and technology startups, TECS Capital's diverse portfolio includes Finloup, a Buy Now Pay Later provider in Greece, and Oliveex, an Industrial-Internet-of-Things solutions startup for the food industry. The team, comprised of members from varied backgrounds, actively supports their startups with advice and expertise, enabling swift responses to technological challenges.

Website: tecs.capital

Founding Year: 2020

Investment Range: $1M - $5M

Stage: Seed

Sector: AI, Big Data, IoT, Deep Tech, Industry 4.0

Investment Geography: Greece

Notable Investments: Cyclopt, Aidplex, BIO2CHP, AgroVerse, ComeTogether

Submit Pitch/ Contact: Link

9. PJ tech catalyst

PJ Tech Catalyst Fund, established in 2012, is a Greek venture capital firm dedicated to nurturing business visions and fostering entrepreneurship. Specializing in seed stage startups within Information and Communication Technology (ICT), they are passionate about creating optimal opportunities for Greek entrepreneurs. Located in Athens, at the heart of the entrepreneurial scene, their portfolio includes successful exits like Radiojar and Reembed, alongside thriving ventures like OramaVR and Novoville. With $15M earmarked for future investments, PJ Tech Catalyst Fund eagerly welcomes pitches from innovative startups aiming to make a mark in the ICT sector.

Website: pjtechcatalyst.com

Founding Year: 2012

Investment Range: Undisclosed

Stage: Seed, Series A

Sector: Broadcasting, Marketing Research, Digital Media, Enterprise Application

Investment Geography: Greece

Notable Investments: Pollfish, Qrator, Fieldscale, Intale, reEmbed

Submit Pitch/ Contact: Link

10. Northern Greece Investment Fund

Northern Greece Investment Fund, established in 2021, is a dynamic growth equity venture capital fund supported by the Hellenic Development Bank of Investments and private investors. Positioned as your business angels in Greece, it specialize in investing in fast-growing businesses and startups across all sectors of the Greek economy. Our focus extends to companies in Northern Greece, aiming to be a top investment player in the region. As true growth equity investors, it collaborate closely with entrepreneurs, providing strategic, tactical, and financial support to drive and ensure their success in competitive industries. 

Website: ngif.gr

Founding Year: 2021

Investment Range: €200k - €1.5M 

Stage: Early to Late

Sector: Multi

Investment Geography: Greece

Notable Investments: AgroMeg, Elisabeth Plus, Pragma

Submit Pitch/ Contact: Link

Best of luck with your amazing ventures. 

Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.