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 15 July 2016

  1. Resin.io. Received 3m USD from Openfund II, Pano Papadopoulo and Gil Dibner. Source: Here
  2. Forky. Received 800kE in 2015 from Openfund II and Jeremie Capital. Source: Here
  3. Nannuka. Received 245k in two rounds (45k and 200k) on 2014 and 2015. Source: Here
  4. TravelPlanet24. Received 3.5mE from Elikonos and Odyssey Jeremie Partners . Source: Here
  5. Discoveroom. Received 110kE from Openfund. Source: Here
  6. Goodvid.io. Received 300k
  7. Pockee. Received 500k
  8. Rocketgraph. Received 500k from Openfund
  9. Re-embed. Received 80k.
  10. ParkAround. Received 185k from PJTech. Source: Here
  11. Offerial. Received 60kE from PJ Tech and IQbility. Source: Here
  12. Taxibeat. Received 1M E. Source: Here . Received 4M USD in SeriesA. Source: Here
  13. Total Eclipse. Received 430k from Openfund II, Sep 2013. Source : Here
  14. LongAccess. Received 110kE from Openfund II, July 2013. Source: Here. Update: On Jul 16, 2015, Longaccess shut down.
  15. Intale (former i-kiosk): 350K€ by  PJ Tech Catalyst Fund, followed by angel investors. Source:  Here
  16. RadioJar. €330k seed round for Radiojar from PJ Tech Catalyst fund. PJTC’s #1 investment. Amount officially disclosed in March. Source: Here
  17. Warply. Received 500k USD by angel investors Apostolos Apostolakis, Dimitris Vranopoulos, Nicos Ipchiotis. Source: Here
  18. Schoox. Received 1M USD from a 2M USD planned investment. Source: http://www.bizjournals.com/
  19. Incrediblue. Received 100k E, from Openfund II. Source: Openfund. Received a Round 2 of 500kE from Openfund II. Source: Here
  20. WorkableHR. Received 600k E, from Openfund II. Source: Openfund . Received 1.5mE from Greylock on March 2014. Source: Here
  21. 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
  22. ParkingDefenders. Received 15k from Aegean Startups. Source: Here . Update: Parkingdefenders team pivoted to Parkaround.com.
  23. 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
  24. Locish. Received 60k E from Openfund II. Source: Bankwars
  25. Useum. Received 110k GBP from angel investors. Source: Here. Note: Useum has been the first winner of Athens Startup Weekend 2012.
  26. Athens Daily Secret. Raised 1.85m USD. Source: Here
  27.  Intelen: Raised 250k USD. Source: Here
  28.  Spitogatos: Raised 750kE. Source: Here (funding took place three years ago)
  29.  Listiki: Raised Seed Level Funding from Openfund I. Listiki shut down its operations on 30.11.2012. Source: Here
  30.  Fashinating: Raised 3okE from Openfund I and 65kE from Angel Investors. Source: Here
  31.  Kamibu: Raised 50kE from Openfund I. Source: Here. Update: Kamibu has shut down.
  32.  Weendy: Raised  seed round from MindTheBridge & $240k seed round led by Archimedes Labs. Source: Here
  33.  Persado: (UK-based, spinoff of Upstream): $15mln led by Bain Capital Ventures. Source: Here
  34. 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
  35.  Abzorba Games: Raised €250,000 from UK in 2012, Profitable, Source: Here
  36.  Epignosis,  and http://www.talentlms.com, eLearning, 2003, 700K, Profitable. Source: Here
  37. Helic.  Raised about US $3.5mi in 2008, from a consortium of Silicon Valley strategic and angel investors, and Japan’s Fujitsu. (Source: https://www.semiwiki.com/forum/content/1664-brief-history-helic.html).
  38.  MVNS, Mobile games, 2008, 480K, Profitable. Source: Here
  39.  Flipnode, Unified communications, 2009, 920K, Break-even. Source: Here
  40.  Insurance Manager, Cloud-enabled Business Software, 2010, 280K, Break-even. Source: Here
  41.  VerITA, Digital Signage, 2009, 280K, Break-even. Source: Here
  42.  Diagramma, Cloud-enabled Business Software, 2010, 280K, In R&D. Source: Here
  43. S4Trips, Travel – Booking mediation services, 2010, 220K, In R&D. Source: Here
  44. IT Center, IT support stores for SMEs, 2007, 500K, Failure. Source: Here
  45. NGLS, eLearning services, 2006, 180K, Failure. Source: Here
  46. Infomap, GIS, 2006, 320K, Failure. Source: Here
  47. TS Consulting,  Business & IT Consulting, 2007, 220K, Failure. Source: Here

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

45 thoughts on “The "Funded" | Greek Startups with Seed/VC Investments”

  2. 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.

    Reply

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

      Reply

  4. 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

    Reply

    2. 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?

      Reply

      1. 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.

        Reply

        1. 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.

          Reply
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  11. 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).

    Reply
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