Openfund

Openfund is a venture capital firm based in Athens, Greece, founded in 2009, that specializes in providing seed investments and incubation for startups, particularly in the software, mobile, and web-based sectors. The firm typically invests in companies registered in Greece and focuses on the pre-seed and seed stages of funding. Openfund generally invests €0.05 million in pre-seed rounds, acquiring a 10% equity stake, followed by additional investments at similar amounts to increase its total stake to 15%. The firm aims to exit its investments within five months, either by selling to the company's management or to subsequent investors. With a dedicated team of executives and advisors, Openfund supports entrepreneurs in transforming their ideas into successful products.

Nicholas Frangos

Partner

Georgios Kasselakis

Co-Founder & Partner

Constantine Pateras

Partner

Georgios Tziralis

Partner, Executive Director and Member of Executive Board

Vanessa Zdravou

Associate

Past deals in Greece

Welcome Pickups

Series A in 2019
Welcome Travel Technologies Holdings Limited operates a platform that connects travelers with local experts, enhancing the travel experience from planning to return. Founded in 2015 and headquartered in Athens, Greece, the company offers a mobile application that allows users to receive tips and suggestions about new cities and hire locals for transportation services. Welcome focuses on providing personalized travel assistance, including airport transfers and essential products and services, ensuring travelers receive informative and friendly support throughout their journey.

Welcome Pickups

Venture Round in 2017
Welcome Travel Technologies Holdings Limited operates a platform that connects travelers with local experts, enhancing the travel experience from planning to return. Founded in 2015 and headquartered in Athens, Greece, the company offers a mobile application that allows users to receive tips and suggestions about new cities and hire locals for transportation services. Welcome focuses on providing personalized travel assistance, including airport transfers and essential products and services, ensuring travelers receive informative and friendly support throughout their journey.

Goodvidio

Seed Round in 2016
Goodvidio is a software service that turns the power of product videos into a conversion optimization tool. It helps ecommerce stores optimize their product pages for conversions by adding curated product videos from social media, to engage shoppers and drive purchases.

Fieldscale

Seed Round in 2016
Fieldscale P.C., founded in 2015 and based in Thessaloniki, Greece, specializes in simulation software for the electric design and analysis sectors, particularly in the touch sensor industry. The company's flagship product, SENSE, offers advanced capacitive touch sensor cloud simulation, enabling engineers to conduct complex electric field analyses efficiently. Fieldscale's software is designed to handle extensive scenarios, allowing for rapid analysis and results delivery, which significantly aids in optimizing sensor design while reducing power consumption. With a focus on user experience, the software features an intuitive interface that facilitates the design of high-quality touchscreen products. The company's innovative technology positions it to meet the evolving demands of the semiconductor and electronic design automation markets.

Welcome Pickups

Seed Round in 2016
Welcome Travel Technologies Holdings Limited operates a platform that connects travelers with local experts, enhancing the travel experience from planning to return. Founded in 2015 and headquartered in Athens, Greece, the company offers a mobile application that allows users to receive tips and suggestions about new cities and hire locals for transportation services. Welcome focuses on providing personalized travel assistance, including airport transfers and essential products and services, ensuring travelers receive informative and friendly support throughout their journey.

Welcome Pickups

Seed Round in 2015
Welcome Travel Technologies Holdings Limited operates a platform that connects travelers with local experts, enhancing the travel experience from planning to return. Founded in 2015 and headquartered in Athens, Greece, the company offers a mobile application that allows users to receive tips and suggestions about new cities and hire locals for transportation services. Welcome focuses on providing personalized travel assistance, including airport transfers and essential products and services, ensuring travelers receive informative and friendly support throughout their journey.

Fieldscale

Seed Round in 2015
Fieldscale P.C., founded in 2015 and based in Thessaloniki, Greece, specializes in simulation software for the electric design and analysis sectors, particularly in the touch sensor industry. The company's flagship product, SENSE, offers advanced capacitive touch sensor cloud simulation, enabling engineers to conduct complex electric field analyses efficiently. Fieldscale's software is designed to handle extensive scenarios, allowing for rapid analysis and results delivery, which significantly aids in optimizing sensor design while reducing power consumption. With a focus on user experience, the software features an intuitive interface that facilitates the design of high-quality touchscreen products. The company's innovative technology positions it to meet the evolving demands of the semiconductor and electronic design automation markets.

TalosAvionics

Seed Round in 2015
TalosAvionics specializes in the development of innovative avionics solutions utilizing portable devices such as tablets and smartphones. The company's product lineup includes A-EFIS, a primary flight display, and EFIS/AHRS specifically designed for Android devices. Additionally, TalosAvionics offers a WiFi pressure sensor box that allows users to convert their tablets or smartphones into a comprehensive ADAHRS glass cockpit. The company markets its products through a network of distributors across the United States and is headquartered in Heraklion, Greece. TalosAvionics aims to advance the avionics sector by integrating cutting-edge sensor fusion technology into its product offerings, thereby enhancing the functionality and accessibility of flight instrumentation.

Welcome Pickups

Seed Round in 2015
Welcome Travel Technologies Holdings Limited operates a platform that connects travelers with local experts, enhancing the travel experience from planning to return. Founded in 2015 and headquartered in Athens, Greece, the company offers a mobile application that allows users to receive tips and suggestions about new cities and hire locals for transportation services. Welcome focuses on providing personalized travel assistance, including airport transfers and essential products and services, ensuring travelers receive informative and friendly support throughout their journey.

Forky

Seed Round in 2015
Forky aims to be the go-to brand for your daily food, offering healthy and delicious dishes in the most convenient way!

Pockee

Seed Round in 2015
Pockee is a mobile coupon platform based in Athens, Greece, specializing in fast-moving consumer goods (FMCG). The company designs and develops applications that allow consumers to access digital coupons for a variety of products, including food items such as juices and snacks, as well as personal and home care goods, and products for pets and infants. Pockee connects FMCG brands with national retailers, enabling consumers to enjoy genuine discounts on their grocery shopping without the need for paper coupons. Launched in August 2014 after receiving initial seed funding, Pockee aims to enhance the shopping experience by providing brands and retailers with tools to engage consumers at critical decision-making moments.

Workable

Series A in 2015
Workable Software Limited is a recruitment technology company that offers an online platform designed to streamline the hiring process for businesses in the United Kingdom and internationally. Founded in 2012 and headquartered in London, with additional offices in Athens and Boston, Workable provides a range of features including automated job postings, candidate sourcing, employee referrals, and interview scheduling. The platform utilizes artificial intelligence to enhance candidate sourcing and simplify decision-making, allowing hiring teams to collaborate effectively. Workable's software is available on both desktop and mobile devices, making it accessible for a diverse clientele. Over its operational history, the company has assisted more than 20,000 organizations in hiring over one million candidates, serving a variety of sectors.

Goodvidio

Seed Round in 2015
Goodvidio is a software service that turns the power of product videos into a conversion optimization tool. It helps ecommerce stores optimize their product pages for conversions by adding curated product videos from social media, to engage shoppers and drive purchases.

Longaccess

Seed Round in 2015
Longaccess is an Athens, Greece-based startup that is developing a service to preserve personal digital archives for the long term future.

Tapely

Seed Round in 2014
Tape.ly is an online platform that enables users to upload, share, and stream mixtapes. The site utilizes a simple customizable interface that enables users can to upload tracks for a particular playlist and then design the page on which that playlist is hosted. The background, colors, fonts, and layout can all be customized, in addition to the cover image for the tape. Each mixtape also generates its own link, making it easy to share the tapes across other platforms. Tape.ly was launched in 2011.

Rocketgraph

Seed Round in 2014
Rocketgraph P.C., established in 2014 and based in Athens, Greece, operates a marketplace designed for developers and designers to create and sell cloud-powered reports and analytics. The platform addresses the fragmented nature of the cloud reporting and analytics industry by aggregating a diverse range of reports from various sellers worldwide. By providing essential tools and features, Rocketgraph significantly lowers the barriers for entry, enabling anyone to develop and commercialize their analytics solutions. Users benefit from the ability to browse, subscribe, and utilize a wide selection of analytics conveniently in one location. Additionally, the platform offers functionalities for exporting accounts and scheduling emails with data directly sourced from user-defined inputs. Rocketgraph aims to empower individuals to better understand and engage with data.

Incelligent

Seed Round in 2014
Incelligent is a startup based in Athens, Greece, that specializes in the development of management system software for wireless and mobile broadband networks. The company utilizes machine learning to analyze large datasets from various sources, both network-related and otherwise, to detect patterns and uncover hidden correlations. This analytical approach allows Incelligent to predict future network conditions and provide actionable insights for optimal network configuration in real time. By leveraging predictive management techniques, Incelligent aims to create self-optimizing networks that enhance performance and efficiency in mobile and Wi-Fi environments.

Fieldscale

Seed Round in 2014
Fieldscale P.C., founded in 2015 and based in Thessaloniki, Greece, specializes in simulation software for the electric design and analysis sectors, particularly in the touch sensor industry. The company's flagship product, SENSE, offers advanced capacitive touch sensor cloud simulation, enabling engineers to conduct complex electric field analyses efficiently. Fieldscale's software is designed to handle extensive scenarios, allowing for rapid analysis and results delivery, which significantly aids in optimizing sensor design while reducing power consumption. With a focus on user experience, the software features an intuitive interface that facilitates the design of high-quality touchscreen products. The company's innovative technology positions it to meet the evolving demands of the semiconductor and electronic design automation markets.

Pockee

Seed Round in 2014
Pockee is a mobile coupon platform based in Athens, Greece, specializing in fast-moving consumer goods (FMCG). The company designs and develops applications that allow consumers to access digital coupons for a variety of products, including food items such as juices and snacks, as well as personal and home care goods, and products for pets and infants. Pockee connects FMCG brands with national retailers, enabling consumers to enjoy genuine discounts on their grocery shopping without the need for paper coupons. Launched in August 2014 after receiving initial seed funding, Pockee aims to enhance the shopping experience by providing brands and retailers with tools to engage consumers at critical decision-making moments.

Workable

Series A in 2014
Workable Software Limited is a recruitment technology company that offers an online platform designed to streamline the hiring process for businesses in the United Kingdom and internationally. Founded in 2012 and headquartered in London, with additional offices in Athens and Boston, Workable provides a range of features including automated job postings, candidate sourcing, employee referrals, and interview scheduling. The platform utilizes artificial intelligence to enhance candidate sourcing and simplify decision-making, allowing hiring teams to collaborate effectively. Workable's software is available on both desktop and mobile devices, making it accessible for a diverse clientele. Over its operational history, the company has assisted more than 20,000 organizations in hiring over one million candidates, serving a variety of sectors.

Tapely

Seed Round in 2013
Tape.ly is an online platform that enables users to upload, share, and stream mixtapes. The site utilizes a simple customizable interface that enables users can to upload tracks for a particular playlist and then design the page on which that playlist is hosted. The background, colors, fonts, and layout can all be customized, in addition to the cover image for the tape. Each mixtape also generates its own link, making it easy to share the tapes across other platforms. Tape.ly was launched in 2011.

Tribe Wearables

Seed Round in 2013
Tribe is using cutting edge technology, to develop a novel wearable activity tracker, embedded into sports apparel. Workouts tailored to your body, suitable for your schedule, lifestyle and other needs. Continuous physical performance enhancement through real-time muscle function tracking. Thanks to real-time muscle function monitoring, you can now finally push yourself to your true limits and finally go that extra mile, with safety. Never again underperform or risk an injury.

Discoveroom

Seed Round in 2013
Discoveroom PC specializes in developing applications tailored for the hospitality industry, focusing on small lodgings such as bed and breakfasts and guest houses. Founded in 2013 and based in Athens, Greece, the company offers a suite of tools designed to streamline property management and enhance online visibility. Their products include a property management system (PMS) for managing reservations, tracking payments and commissions, a booking engine that consolidates reservations from various channels, and a website builder that allows lodging owners to create their own sites. Discoveroom also facilitates the manual and automatic management of reservations, enabling users to receive bookings over the internet. The company generates revenue through commissions on bookings from its lodging listing service and subscriptions for additional application features.

Total Eclipse

Seed Round in 2013
At Total Eclipse we love crafting memorable experiences for our players. Our current focus is on creating fun and innovative casual games that are easy to learn and addictive to play. Total Eclipse was founded in 2004 by self-taught brothers Argiris and Dimitrios Bendilas. With a small core team, great ambition, and worldwide collaborations, we have, so far, managed to design and develop 7 original games. Our most notable achievement is The Clockwork Man franchise: it includes two Hidden Object/Adventure games (for Windows, Mac & Linux) and an iOS spinoff, “A Clockwork Brain”, a puzzle game that trains the brain while having fun!

Longaccess

Seed Round in 2013
Longaccess is an Athens, Greece-based startup that is developing a service to preserve personal digital archives for the long term future.

Dopios

Seed Round in 2013
Dopios is a community marketplace that connects travelers with locals to facilitate authentic experiences. Established in 2012 and based in Athens, Greece, the platform allows users to discover travel tips and insights, particularly focusing on key cities such as London, San Francisco, and Istanbul. By providing a space for locals to share their unique perspectives and recommendations, Dopios aims to enhance the travel experience, encouraging individuals to explore beyond conventional guidebooks and engage with the true culture of their destinations. Users can plan their adventures and foster new friendships through the connections made on the platform.

Workable

Seed Round in 2013
Workable Software Limited is a recruitment technology company that offers an online platform designed to streamline the hiring process for businesses in the United Kingdom and internationally. Founded in 2012 and headquartered in London, with additional offices in Athens and Boston, Workable provides a range of features including automated job postings, candidate sourcing, employee referrals, and interview scheduling. The platform utilizes artificial intelligence to enhance candidate sourcing and simplify decision-making, allowing hiring teams to collaborate effectively. Workable's software is available on both desktop and mobile devices, making it accessible for a diverse clientele. Over its operational history, the company has assisted more than 20,000 organizations in hiring over one million candidates, serving a variety of sectors.

Kamibu

Seed Round in 2011
Kamibu is working on revolutionizing the way video games are developed. We aim to make gaming experiences more fun, intuitive and meaningful through a set of technologies that help game developers rethink the way they build games.

Beat

Seed Round in 2011
Beat creates a new ride experience by connecting thousands of passengers with nearby available drivers in real time. Through the app, you can request a driver 24/7. The company was founded in 2011 and was acquired by mytaxi, Europe’s top taxi-hailing app (Daimler Mobility Services GmbH, part of Daimler Group) in February 2017. Beat is currently available in Athens (Greece), Lima (Peru), Santiago (Chile), Bogota (Colombia) and has plans to expand to more cities in South America. Beat is available on iOS and Android platforms.

Listiki

Seed Round in 2010
Listiki lets you find, make and share lists of stuff you care about. The company is based in Cyprus and is co-founded by Alex Schleifer, Constantinos Demetriadis and Davina Economou Listiki has received seed funding from Athens, Greece-based OpenFund.