Marathon Venture Capital

Marathon Venture Capital is an early-stage venture capital fund on a mission to help the most ambitious Greek founders build world-class technology companies. Marathon caters to those who are willing to go after the seemingly impossible. Those who persevere in the face of adversity. The ones who will ultimately get to redefine entire industries. Marathon's team has built communities and companies from the ground up, and loves to collaborate with like-minded people taking on big challenges. Marathon partners’ track record includes Bugsense, Taxibeat, Workable and Resin.io, among others. Marathon is leading seed rounds (typically with €500k-1m for 15-20% of equity) and judges its performance on the basis of top investors joining to follow up. Marathon stands for limitless ambition, uncompromising integrity, radical openness and giving back to the community. Marathon is a long-term venture that is just getting started.

Alex Alexakis

Analyst

Chris Gasteratos

Associate

Thaleia Misailidou

Principal

Panos Papadopoulos

Partner

26 past transactions

Lambda Automata

Seed Round in 2022
Lambda Automata is a seed-stage company developing autonomous technology to tackle problems with national security in the EU and its allies. They infuse the EU military industry with the vibrant and dynamic culture of VC-funded startups. creating the framework for future platforms for civil defense and protection.

Cube RM

Series A in 2021
Cube RM empowers enterprises to accelerate revenue growth and be more productive in the process by offering a Revenue Management & Optimization SaaS Suite including an intuitive CPQ (Configure Price Quote) system and integrated price guidance through sophisticated machine learning models and software automation, which helps companies to efficiently manage sales quotes, create and evaluate tender proposals, and identify optimum pricing.

Ariadne

Seed Round in 2021
Ariadne Maps UG is a technology company based in Garching bei München, Germany, that specializes in developing, manufacturing, and installing devices capable of sensing signals from smart devices like smartphones. Founded in 2019, the company utilizes advanced artificial intelligence algorithms to enable precise indoor and outdoor localization and tracking in various public venues, including retail stores, shopping centers, airports, and train stations. By providing detailed customer analytics, Ariadne helps businesses optimize their infrastructure to reduce congestion and enhance the customer experience, while also informing advertising and marketing strategies.

Avrio

Pre Seed Round in 2021
Avrio is a developer of a collaborative insights platform designed to enhance knowledge sharing and discovery among teams. The platform enables users to capture and share data analysis, user research, and insights in real time, directly within their team’s workflow. By facilitating effective communication and collaboration, Avrio helps teams align their efforts, reducing time spent on redundant research and improving overall productivity.

Causaly

Series A in 2021
Causaly Inc. specializes in artificial intelligence solutions for biomedical cause and effect discovery. Established in 2017 and headquartered in Wilmington, Delaware, with additional offices in London and Athens, the company has developed a semantic AI platform that processes large volumes of scientific literature to extract causal relationships. This platform utilizes linguistic and statistical models to validate causal claims while enabling users to input their own data for enhanced analysis. Causaly's offerings include semantic search capabilities, causal analytics, and tools for hypothesis generation and simulation. By transforming unstructured text into causal knowledge graphs, Causaly empowers researchers and decision-makers to efficiently derive insights from extensive document collections, thereby accelerating research timelines and improving the time-to-insight. The company's technology is tailored for the research industry, aiming to facilitate a deeper understanding of biomedical processes.

Hack The Box

Series A in 2021
Hack The Box Ltd. operates an online platform to test and advance skills in penetration testing and cyber security for companies, individuals, and universities. The company was founded in 2017 and is based in Folkestone, United Kingdom.

Augmenta

Series A in 2021
Augmenta started its operations at the start of 2017, in Athens, Greece, by George Varvarelis and Dimitris Evangelopoulos, both farmers and embedded systems engineers and offers an Artificial Intelligence based solution comprised of a hardware device and a web platform, to any farmer, anywhere in the world that wants to have the best possible efficiency for every inch of his land and ultimately increase his seasonal net income. Augmenta’s “Field Analyzer”, is a plug and play device that can be attached to any tractor and can determine the amount of fertilizers, fungicides and pesticides that every inch of the farm needs to reach to its full potential, all in real-time. Furthermore, Field Analyzer is capable of controlling agricultural machinery (e.g. fertilizer spreaders) also in real-time, applying the optimal amount of chemicals into every inch of the farm completely automatically and without the farmer lifting a finger. Finally, the farmer can use Augmenta’s field-viewer, the company’s easy to use web platform, to observe the progression of his field through visual data analytics which help him keep track of the results of Augmenta’s real time operation but also assist him on making data-driven, customized decisions for the future, in a farm level scale and not in a generic geographical (county or even state/country) level scale which is the norm today. Augmenta has completed successfully 2 years of pilots, in 24 fields having staggering results and is currently conducting data-based pilots with food companies like Barilla and partnered with NVIDIA for the development of its cutting edge deep learning device.

Connectly

Seed Round in 2021
Connectly.ai is a conversational commerce company that specializes in helping small and medium-sized businesses manage customer interactions across various messaging platforms, including WhatsApp, SMS, Facebook, and Instagram Messenger. By simplifying the communication process, Connectly enables businesses to convert customer messages into revenue through effective customer support and marketing strategies. The company's solutions facilitate all stages of the customer journey, allowing for the activation of campaigns and targeted retargeting. This approach prioritizes treating customers as individuals rather than mere transactions, ultimately fostering meaningful relationships and driving sales for message-centric businesses.

Hack The Box

Funding Round in 2020
Hack The Box Ltd. operates an online platform to test and advance skills in penetration testing and cyber security for companies, individuals, and universities. The company was founded in 2017 and is based in Folkestone, United Kingdom.

Causaly

Series A in 2019
Causaly Inc. specializes in artificial intelligence solutions for biomedical cause and effect discovery. Established in 2017 and headquartered in Wilmington, Delaware, with additional offices in London and Athens, the company has developed a semantic AI platform that processes large volumes of scientific literature to extract causal relationships. This platform utilizes linguistic and statistical models to validate causal claims while enabling users to input their own data for enhanced analysis. Causaly's offerings include semantic search capabilities, causal analytics, and tools for hypothesis generation and simulation. By transforming unstructured text into causal knowledge graphs, Causaly empowers researchers and decision-makers to efficiently derive insights from extensive document collections, thereby accelerating research timelines and improving the time-to-insight. The company's technology is tailored for the research industry, aiming to facilitate a deeper understanding of biomedical processes.

Augmenta

Seed Round in 2019
Augmenta started its operations at the start of 2017, in Athens, Greece, by George Varvarelis and Dimitris Evangelopoulos, both farmers and embedded systems engineers and offers an Artificial Intelligence based solution comprised of a hardware device and a web platform, to any farmer, anywhere in the world that wants to have the best possible efficiency for every inch of his land and ultimately increase his seasonal net income. Augmenta’s “Field Analyzer”, is a plug and play device that can be attached to any tractor and can determine the amount of fertilizers, fungicides and pesticides that every inch of the farm needs to reach to its full potential, all in real-time. Furthermore, Field Analyzer is capable of controlling agricultural machinery (e.g. fertilizer spreaders) also in real-time, applying the optimal amount of chemicals into every inch of the farm completely automatically and without the farmer lifting a finger. Finally, the farmer can use Augmenta’s field-viewer, the company’s easy to use web platform, to observe the progression of his field through visual data analytics which help him keep track of the results of Augmenta’s real time operation but also assist him on making data-driven, customized decisions for the future, in a farm level scale and not in a generic geographical (county or even state/country) level scale which is the norm today. Augmenta has completed successfully 2 years of pilots, in 24 fields having staggering results and is currently conducting data-based pilots with food companies like Barilla and partnered with NVIDIA for the development of its cutting edge deep learning device.

Netdata

Series A in 2019
Netdata, Inc. specializes in developing health monitoring and performance troubleshooting solutions for IT infrastructure. Founded in 2018 and headquartered in Redwood City, California, the company provides an open-source, distributed, real-time monitoring platform. Its software, known as the Netdata Agent, automatically detects various metrics and offers users comprehensive visibility into their systems and applications through interactive dashboards and health alarms. The platform is designed for easy installation, requiring no configuration and supporting unlimited scalability, thereby enabling IT teams to efficiently diagnose slowdowns and anomalies in their technology stack.

Lenses.io

Series A in 2019
Landoop Limited develops a streaming data management platform for Apache Kafka. It provides streaming solutions that streamlines data pipelines, connects with external systems, and manages the data cluster. The company offers Lenses platform for streaming; Lenses SQL engine for analyzing and browsing data and streaming pipelines; connectors for low-latency systems for Kafka source; and Fast Data for CDH to manage Kafka services via Cloudera Manager. It also offers architectural and advisory services. The company was founded in 2016 and is headquartered in Brighton, United Kingdom with locations in Amsterdam, the Netherlands and Athens, Greece.

LearnWorlds

Seed Round in 2019
LearnWorlds Ltd is a company that offers a cloud-based platform designed for creating, selling, and marketing online courses, catering to professionals, entrepreneurs, and corporate training managers. Founded in 2014 and headquartered in London, United Kingdom, LearnWorlds serves over 1,000 organizations and entrepreneurs across more than 70 countries. The platform provides tailored solutions and expert support to help users achieve their educational goals. Through its comprehensive tools, LearnWorlds facilitates online learning and training, enabling users to effectively engage with their audiences.

Hack The Box

Seed Round in 2019
Hack The Box Ltd. operates an online platform to test and advance skills in penetration testing and cyber security for companies, individuals, and universities. The company was founded in 2017 and is based in Folkestone, United Kingdom.

Netdata

Seed Round in 2019
Netdata, Inc. specializes in developing health monitoring and performance troubleshooting solutions for IT infrastructure. Founded in 2018 and headquartered in Redwood City, California, the company provides an open-source, distributed, real-time monitoring platform. Its software, known as the Netdata Agent, automatically detects various metrics and offers users comprehensive visibility into their systems and applications through interactive dashboards and health alarms. The platform is designed for easy installation, requiring no configuration and supporting unlimited scalability, thereby enabling IT teams to efficiently diagnose slowdowns and anomalies in their technology stack.

norbloc

Convertible Note in 2019
norbloc AB is a technology company based in Stockholm, Sweden, with a development hub in Athens, Greece, founded in 2016. The company specializes in know-your-customer (KYC) solutions for the banking and consulting industries through its blockchain-based platform, Fides. This platform addresses significant challenges in KYC compliance, such as digitization and duplication of efforts among institutions. norbloc's Sancus digital onboarding platform allows organizations to consolidate data sources and service providers, enabling a fully digital process for collecting and validating customer data. The Atlas and Fides platforms utilize digital ledger technology to facilitate secure sharing and validation of KYC data between institutions, allowing them to collaborate while also monetizing their validation efforts. Financial institutions using norbloc's solutions can potentially reduce their KYC compliance costs by over 50%. All platforms comply with GDPR regulations, ensuring secure document storage and sharing, particularly for governmental and health sectors.

Centaur Analytics

Seed Round in 2018
Centaur Analytics is an industrial data and IoT analytics platform focused on post-harvest quality monitoring of agricultural products. The company employs data science and wireless sensors to track and adjust storage conditions, ensuring the quality and safety of commodities such as malting barley and wheat. Additionally, Centaur Analytics offers a cognitive services platform designed to monitor and protect the integrity of stored food products. Founded in 2016 and based in Ventura, California, the company aims to enhance the overall safety and quality of stored agricultural goods, serving the needs of the food industry.

Netdata

Seed Round in 2018
Netdata, Inc. specializes in developing health monitoring and performance troubleshooting solutions for IT infrastructure. Founded in 2018 and headquartered in Redwood City, California, the company provides an open-source, distributed, real-time monitoring platform. Its software, known as the Netdata Agent, automatically detects various metrics and offers users comprehensive visibility into their systems and applications through interactive dashboards and health alarms. The platform is designed for easy installation, requiring no configuration and supporting unlimited scalability, thereby enabling IT teams to efficiently diagnose slowdowns and anomalies in their technology stack.

Causaly

Seed Round in 2018
Causaly Inc. specializes in artificial intelligence solutions for biomedical cause and effect discovery. Established in 2017 and headquartered in Wilmington, Delaware, with additional offices in London and Athens, the company has developed a semantic AI platform that processes large volumes of scientific literature to extract causal relationships. This platform utilizes linguistic and statistical models to validate causal claims while enabling users to input their own data for enhanced analysis. Causaly's offerings include semantic search capabilities, causal analytics, and tools for hypothesis generation and simulation. By transforming unstructured text into causal knowledge graphs, Causaly empowers researchers and decision-makers to efficiently derive insights from extensive document collections, thereby accelerating research timelines and improving the time-to-insight. The company's technology is tailored for the research industry, aiming to facilitate a deeper understanding of biomedical processes.

Augmenta

Seed Round in 2018
Augmenta started its operations at the start of 2017, in Athens, Greece, by George Varvarelis and Dimitris Evangelopoulos, both farmers and embedded systems engineers and offers an Artificial Intelligence based solution comprised of a hardware device and a web platform, to any farmer, anywhere in the world that wants to have the best possible efficiency for every inch of his land and ultimately increase his seasonal net income. Augmenta’s “Field Analyzer”, is a plug and play device that can be attached to any tractor and can determine the amount of fertilizers, fungicides and pesticides that every inch of the farm needs to reach to its full potential, all in real-time. Furthermore, Field Analyzer is capable of controlling agricultural machinery (e.g. fertilizer spreaders) also in real-time, applying the optimal amount of chemicals into every inch of the farm completely automatically and without the farmer lifting a finger. Finally, the farmer can use Augmenta’s field-viewer, the company’s easy to use web platform, to observe the progression of his field through visual data analytics which help him keep track of the results of Augmenta’s real time operation but also assist him on making data-driven, customized decisions for the future, in a farm level scale and not in a generic geographical (county or even state/country) level scale which is the norm today. Augmenta has completed successfully 2 years of pilots, in 24 fields having staggering results and is currently conducting data-based pilots with food companies like Barilla and partnered with NVIDIA for the development of its cutting edge deep learning device.

InAccel

Seed Round in 2018
InAccel, Inc. specializes in providing hardware accelerators designed to enhance the performance of critical applications using field programmable gate arrays (FPGAs). Founded in 2018 and headquartered in Wilmington, Delaware, the company offers a range of accelerators that support various applications, including logistic regression, k-means clustering, and financial risk valuation models. InAccel's solutions are compatible with the Amazon AWS F1 platform, allowing customers to utilize accelerators-as-a-service to significantly accelerate machine learning and analytical workloads on Apache Spark. This service enables users to achieve speed improvements of 2 to 10 times with minimal changes to their existing application codes, leading to enhanced performance and reduced cloud costs.

Cube RM

Seed Round in 2018
Cube RM empowers enterprises to accelerate revenue growth and be more productive in the process by offering a Revenue Management & Optimization SaaS Suite including an intuitive CPQ (Configure Price Quote) system and integrated price guidance through sophisticated machine learning models and software automation, which helps companies to efficiently manage sales quotes, create and evaluate tender proposals, and identify optimum pricing.

Lenses.io

Seed Round in 2017
Landoop Limited develops a streaming data management platform for Apache Kafka. It provides streaming solutions that streamlines data pipelines, connects with external systems, and manages the data cluster. The company offers Lenses platform for streaming; Lenses SQL engine for analyzing and browsing data and streaming pipelines; connectors for low-latency systems for Kafka source; and Fast Data for CDH to manage Kafka services via Cloudera Manager. It also offers architectural and advisory services. The company was founded in 2016 and is headquartered in Brighton, United Kingdom with locations in Amsterdam, the Netherlands and Athens, Greece.

norbloc

Seed Round in 2017
norbloc AB is a technology company based in Stockholm, Sweden, with a development hub in Athens, Greece, founded in 2016. The company specializes in know-your-customer (KYC) solutions for the banking and consulting industries through its blockchain-based platform, Fides. This platform addresses significant challenges in KYC compliance, such as digitization and duplication of efforts among institutions. norbloc's Sancus digital onboarding platform allows organizations to consolidate data sources and service providers, enabling a fully digital process for collecting and validating customer data. The Atlas and Fides platforms utilize digital ledger technology to facilitate secure sharing and validation of KYC data between institutions, allowing them to collaborate while also monetizing their validation efforts. Financial institutions using norbloc's solutions can potentially reduce their KYC compliance costs by over 50%. All platforms comply with GDPR regulations, ensuring secure document storage and sharing, particularly for governmental and health sectors.