“New Generation investment funds who seeks to invest in Greek startups, began to be created in our country, supporting an industry worth about 8 billion euros. Although due to economic uncertainty and broader economic uncertainty, investors remain wary of investing in startups, several Greek Equifund generation funds that launched their first investments in 2017-2018 are almost ready to launch second funds that will manage several million euros. This is a process that they started quite a long time ago, with the goal of completing it even within the next month. In addition to investment funds, an active role in financing companies in the ecosystem is now being played by founding entrepreneurs of start-up companies, who either invest as business angels or create small investment funds to support new ventures. Such is the case with the founders of Accusonus, a startup that was acquired last year by Facebook parent Meta.

Thus, for “automobile” funds from European Investment Fund, Hellenic Development Investment Bank (EDIB) – which also manages the resources of the Recovery Fund – but also private investors (banks, companies, founders of start-ups) 2 Equifund generation VCs are in the final stages of creating new schemes. The reason is that Uni.Fund (he has invested in companies such as Convert Group, Tekmon, etc.), which is expected to “close” the second fund, which aims to reach 50 million euros. According to the information, Uni.Fund plans 22-25 investments in technology startups that are in the early stages of development (pre-seed, seed), while a small part of the funds will also go to more developed companies. (series A). Other investment funds, such as Metavallon VC, a Greek venture capital that previously invested in its own processor development company Think Silicon, are now at a similar stage. The investment scheme will start its investment activity with a fund of at least 30 million euros, while it cannot be ruled out that its size will subsequently be increased by additional funds from institutional investors.

Using EATE’s “Innovate Now” financial instrument, Big Pi announced a second fund of 50 million euros a few days ago. The first fund has invested in data management company TileDB, Orfium and Accusonus, and Big Pi II is poised to continue the first 3 deals in sectors such as data management and healthcare technology.

Uni.Fund is planning 22-25 investments in early-stage technology startups.

In addition to new funds, the startup market is already being strengthened by the investment activity of Marathon Fund II, Venture Friends and the Faistos Fund. Added to the list is the Genesis Ventures fund, which manages 25 million euros, raising additional funds from private investors.

Finally, the founders of successful startups who invest as business angels or create small funds show an increased investment interest. Such is the case with Accusonus founders Alexandros Tsilfidis, Ilias Kokkini and Michalis Zannes. They have established a small fund known as “optimality” that will manage entirely its own funds, supporting people with deep technology backgrounds and taking an active role in the companies they invest in.