PJ Tech Catalyst

PJ Tech Catalyst Fund is an Athens-based venture capital firm established in 2017, primarily focusing on seed-stage technology startups within Greece. It plays a crucial role in nurturing the nascent Greek startup ecosystem by providing essential early-stage capital and strategic support. The fund is managed by PJ Tech Catalyst Management Company S.A. and is notably financed through the EquiFund initiative, a significant fund-of-funds program backed by the Hellenic Development Bank of Investments (HDBI) and the European Investment Fund (EIF). This strategic partnership provides a robust financial foundation, enabling the fund to support promising early-stage ventures that might otherwise struggle to secure funding in the region.

PJ Tech Catalyst targets companies demonstrating innovative technology, strong founding teams, and scalable business models with global aspirations. Their investment strategy is centered on providing initial capital to help startups validate their concepts, develop their products, and achieve early market traction. The fund typically provides an initial investment ranging from €200,000 to €500,000, which translates to approximately $216,000 to $540,000 based on recent exchange rates. This initial capital is often followed by subsequent rounds, with the potential for total investment per company reaching up to €1.5 million. This structured approach ensures that portfolio companies receive sustained support as they grow and expand their operations.

The firm's commitment extends beyond capital injection; it actively supports the development of its portfolio companies through mentorship, strategic guidance, and network access. PJ Tech Catalyst has invested in a diverse range of sectors, including artificial intelligence, agritech, and enterprise software, with notable portfolio companies like Mantis and InAccel. By leveraging its deep understanding of the local market and its connections to the broader European investment landscape, PJ Tech Catalyst is instrumental in bridging the funding gap for Greek startups and helping them scale internationally, thereby contributing significantly to the maturity and global competitiveness of the Greek tech scene.