Venture Capital

Openfund

Investment Details

Investor Type
Venture Capital

Asset Class Focus
Venture Capital

Stage Focus
Seed, Early Stage

Geographical Focus
Greece

Industries Focus

  • Technology
  • Media
  • Software
  • HealthTech
  • EdTech
  • FinTech
  • E-commerce
  • Logistics
  • AgriTech
  • Entertainment
  • Proptech
  • Cleantech
  • MarTech
  • Mobile Applications
  • Web Development

Investment Size:
50,000 to 750,000 USD

Investor Details Founded: 2009

Openfund is a seed venture capital fund based in Athens, Greece, focusing on early-stage technology startups. The fund primarily invests in software and web technology companies that leverage mobile platforms and the internet to deliver innovative solutions. Openfund partners with pioneering technology companies registered and operating in Greece, aiming to address international markets. Their investment strategy is goal-driven, working closely with teams to support them in achieving their objectives efficiently and providing follow-on capital as milestones are met.

The fund's investment approach is goal-driven, working closely with teams to support them in achieving their objectives efficiently and providing follow-on capital as milestones are met. Openfund's partners and mentors offer a reputable network of contacts, assisting entrepreneurs with tasks such as hiring, partnerships, and investor relations. This network brings entrepreneurs a few connections away from those who matter for their business.

Openfund has a track record of supporting startups from their initial steps to expanding into international markets. Since its inception, the fund has made several investments, including a notable €430,000 seed investment in Total Eclipse, an independent game development studio based in Thessaloniki. This investment aimed to help Total Eclipse establish itself as a leading brand in casual gaming across various platforms. The fund's commitment to nurturing innovative startups has contributed to the growth and success of several companies in Greece's technology sector.

Requirements
  • Innovative business ideas in software and web technology
  • Companies registered and operating in Greece
  • Addressing international markets
  • Technology-driven value creation
  • Clear growth plan
  • Recurring revenue
  • Early proof of product-market fit
Contact

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Portfolio Companies
  • Total Eclipse
  • Taxibeat
  • YouScan
  • Fascinating.com
  • Imagga
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