VentureFriends

VentureFriends is a prominent venture capital firm based in Athens, Greece, established with the mission to back ambitious tech-enabled companies primarily across Southern Europe and beyond. Since its inception, the firm has positioned itself as a key player in the regional startup ecosystem, providing not just capital but also strategic guidance and operational support to its portfolio companies. Their investment philosophy centers on identifying scalable business models with strong founding teams, aiming to foster innovation and drive significant growth within the technology sector.

The firm typically invests in Seed and Series A stage companies, though they occasionally engage in pre-seed rounds for promising ventures. VentureFriends' investment focus spans a diverse range of tech sectors, including SaaS, FinTech, PropTech, marketplaces, and e-commerce, among others. Initial investment cheques generally range from approximately $540,000 to $4,320,000, with the capacity for substantial follow-on investments in successful portfolio companies to support their continued expansion. This flexible approach allows them to support companies from early traction through significant growth milestones.

VentureFriends has demonstrated a strong track record of success, marked by significant exits and the growth of several high-profile startups. Notable achievements include the acquisition of Instashop by Delivery Hero for $360 million, showcasing their ability to identify and nurture companies with global potential. The firm has progressively increased its capital base, with its third fund, Fund III, closing at €100 million (approximately $108 million), underscoring investor confidence in their strategy and execution. Their portfolio extends across various European markets, reflecting a broad geographic ambition beyond their Greek roots.