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

Past deals in Southeastern Europe

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.

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.

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.

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.

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.

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.

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.