The "Funded" | Greek Startups with Seed/VC Investments

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This is the list of some Greek startups that have been funded (seed or VC level) in the last months, according to online published information. Last updated on 7 March 2014

  1. TravelPlanet24. Received 3.5mE from Elikonos and Odyssey Jeremie Partners . Source: Here
  2. Discoveroom. Received 110kE from Openfund. Source: Here
  3. ParkAround. Received 185k from PJTech. Source: Here
  4. Offerial. Received 60kE from PJ Tech and IQbility. Source: Here
  5. Taxibeat. Received 1M E. Source: Here . Received 4M USD in SeriesA. Source: Here
  6. Total Eclipse. Received 430k from Openfund II, Sep 2013. Source : Here
  7. LongAccess. Received 110kE from Openfund II, July 2013. Source: Here
  8. Intale (former i-kiosk): 350K€ by  PJ Tech Catalyst Fund, followed by angel investors. Source:  Here
  9. RadioJar. €330k seed round for Radiojar from PJ Tech Catalyst fund. PJTC’s #1 investment. Amount officially disclosed in March. Source: Here
  10. Warply. Received 500k USD by angel investors Apostolos Apostolakis, Dimitris Vranopoulos, Nicos Ipchiotis. Source: Here
  11. Schoox. Received 1M USD from a 2M USD planned investment. Source: http://www.bizjournals.com/
  12. Incrediblue. Received 100k E, from Openfund II. Source: Openfund. Received a Round 2 of 500kE from Openfund II. Source: Here
  13. WorkableHR. Received 600k E, from Openfund II. Source: Openfund . Received 1.5mE from Greylock on March 2014. Source: Here
  14. Bugsense. Received 100k USD. On the road for 400k USD. Update: Not anymore as Bugsense is cash positive now. Source: Here. Update on 17 Sep 13–> Bugsense Got Acquired by Splunk: Source at WSJ here
  15. ParkingDefenders. Received 15k from Aegean Startups. Source: Here
  16. Pinnatta. Received two Rounds, one of 350k USD and one of 100kUSD. Sources: Here and Here . Received second round bridge fund of 250k: Source: Here .Received 1.5M E from PjTech and Odyssey. Source: here
  17. Locish. Received 60k E from Openfund II. Source: Bankwars
  18. Useum. Received 110k GBP from angel investors. Source: Here. Note: Useum has been the first winner of Athens Startup Weekend 2012.
  19. Athens Daily Secret. Raised 1.85m USD. Source: Here
  20.  Intelen: Raised 250k USD. Source: Here
  21.  Spitogatos: Raised 750kE. Source: Here (funding took place three years ago)
  22.  Listiki: Raised Seed Level Funding from Openfund I. Listiki shut down its operations on 30.11.2012. Source: Here
  23.  Fashinating: Raised 3okE from Openfund I and 65kE from Angel Investors. Source: Here
  24.  Kamibu: Raised 50kE from Openfund I. Source: Here
  25.  Weendy: Raised  seed round from MindTheBridge & $240k seed round led by Archimedes Labs. Source: Here
  26.  Persado: (UK-based, spinoff of Upstream): $15mln led by Bain Capital Ventures. Source: Here
  27. Advent: $2.3 mln funding round and relocation to Connecticut for Advent Technologies. Round led by Connecticut Innovations ($1mln), also involving Piraeus Capital Management, Systems Sunlight, Velti and individual investors. Source: Here and here
  28.  Abzorba Games: Raised €250,000 from UK in 2012, Profitable, Source: Here
  29.  Epignosis,  and http://www.talentlms.com, eLearning, 2003, 700K, Profitable. Source: Here
  30.  MVNS, Mobile games, 2008, 480K, Profitable. Source: Here
  31.  Flipnode, Unified communications, 2009, 920K, Break-even. Source: Here
  32.  Insurance Manager, Cloud-enabled Business Software, 2010, 280K, Break-even. Source: Here
  33.  VerITA, Digital Signage, 2009, 280K, Break-even. Source: Here
  34.  Diagramma, Cloud-enabled Business Software, 2010, 280K, In R&D. Source: Here
  35. S4Trips, Travel – Booking mediation services, 2010, 220K, In R&D. Source: Here
  36. IT Center, IT support stores for SMEs, 2007, 500K, Failure. Source: Here
  37. NGLS, eLearning services, 2006, 180K, Failure. Source: Here
  38. Infomap, GIS, 2006, 320K, Failure. Source: Here
  39. TS Consulting,  Business & IT Consulting, 2007, 220K, Failure. Source: Here

This is not a complete list of course – feel free to contribute!

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Comments

  1. George Tziralis says

    Hi Fotis, nice list. Please add up all Openfund I investments in Greek teams, including Fashinating, Listiki & Kamibu. If you intend to include angel investments, I think you will end up with some more. Thanks.

    • Fotis Draganidis says

      Thank you George. I just updated the list with Fashinating, Listiki and Kamibu. Sorry to see Listiki seize operations – I really liked the idea..

  2. Dimitris Tsigos says

    Hi Foti,

    Great work, well done! Perhaps, you could add the StartTech Ventures portfolio:

    Company name – URL – Sector – Entry – Investment – Current status
    1. Epignosis, http://www.efrontlearning.net and http://www.talentlms.com, eLearning, 2003, 700K, Profitable
    2. MVNS, http://www.mobilesocial.mobi, Mobile games, 2008, 480K, Profitable
    3. Flipnode, http://www.sologateway.com, Unified communications, 2009, 920K, Break-even
    4. Insurance Manager, http://www.insurancemanager.gr, Cloud-enabled Business Software, 2010, 280K, Break-even
    5. VerITA, http://www.veritadv.com, Digital Signage, 2009, 280K, Break-even
    6. Diagramma, http://www.diagramma.biz, Cloud-enabled Business Software, 2010, 280K, In R&D
    7. S4Trips, http://www.s4trips.com, Travel – Booking mediation services, 2010, 220K, In R&D
    8. IT Center, IT support stores for SMEs, 2007, 500K, Failure
    9. NGLS, eLearning services, 2006, 180K, Failure
    10. Infomap, GIS, 2006, 320K, Failure
    11. TS Consulting, Business & IT Consulting, 2007, 220K, Failure

    Also, AbZorba Games, a mobile casino games vendor, which is a spin-out of MVNS, has received 225K by a UK-based angel investor.

    Best,

    Dimitris

    • Nikos says

      How much of that money is public grants and how much is private investment?

      Also these companies are funded by a fund or is it spin offs?

      • Fotis Draganidis says

        Niko hi,
        there are links in each investment with more information on them. At least the first 15 are investments from VCs and private funds. For the rest, maybe Dimitris Tsigos can help us with relevant information.

        • Dimitris Tsigos says

          As far as the StartTech Ventures portfolio is concerned, the investments done from 2003 to 2011 are classified as ‘corporate venturing’, where the injected funds came from a number of different sources like corporate earnings, Greek and EU subsidies as well as debt financing.

  3. Dimitrios Pogkas says

    2013-01:
    $2.3 mln funding round and relocation to Connecticut for Advent Technologies. Round led by Connecticut Innovations ($1mln), also involving Piraeus Capital Management, Systems Sunlight, Velti and individual investors. Source: http://www.advent-energy.com/news/Advent Technologies – reloc_13_1_3.pdf

    First official announcement in 2012/12 during 12th International Venture Capital and Private Equity Forum in Athens (http://www.EMEA.gr/?p=313042).

  4. Fotis Draganidis says

    Dimitri thank you again :) – Nice to see more and more Greek startups getting in the game..

    • Fotis Draganidis says

      Thank you Vasili :) – iKiosk (now Intale) is a great team and we all wish them best of luck!

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