OpenFund

OpenFund, established in 2009 and based in Athens, Greece, is a venture capital firm specializing in seed investments and incubation for early-stage technology startups. It focuses on software, mobile, and web-based companies, typically investing €0.05-0.75 million in Greek-registered startups. OpenFund takes a 15% stake in its portfolio companies, with a 10% stake in the pre-seed stage, and aims to exit investments after approximately five months.

Georgios Kasselakis

Partner

Constantine Pateras

Partner

George Tziralis

Partner

Past deals in Greece

Welcome Pickups

Series A in 2019
Welcome Pickups is an online platform that focuses on enhancing the travel experience by connecting travelers with local residents in their destination. Established in January 2015 in Athens, the platform facilitates communication between users and locals, allowing for the organization of essential services, pre-ordered tickets, and personalized experiences guided by residents. This approach aims to provide travelers with a safer and more enjoyable journey by offering tailored advice and support, making it easier for them to navigate and immerse themselves in the local culture.

Welcome Pickups

Venture Round in 2017
Welcome Pickups is an online platform that focuses on enhancing the travel experience by connecting travelers with local residents in their destination. Established in January 2015 in Athens, the platform facilitates communication between users and locals, allowing for the organization of essential services, pre-ordered tickets, and personalized experiences guided by residents. This approach aims to provide travelers with a safer and more enjoyable journey by offering tailored advice and support, making it easier for them to navigate and immerse themselves in the local culture.

Fieldscale

Seed Round in 2016
Fieldscale is a company based in Thessaloniki, Greece, that specializes in developing cloud-based simulation software for the touch sensor industry. Its flagship product, SENSE, provides advanced capacitive touch sensor simulation capabilities, enabling engineers to conduct electric design and analysis with enhanced accuracy and efficiency. The software employs sophisticated algorithms within an intuitive user interface, allowing for the execution of complex simulations, including electric field analysis and assessments of dielectric breakdowns and partial discharges. By facilitating thousands of analyses and various scenarios within a single day, Fieldscale empowers engineers to optimize sensor designs while reducing power consumption, thereby improving the overall design process for touchscreen products. Founded in 2015, the company aims to provide solutions that help users achieve optimal design outcomes more quickly than their competitors.

Welcome Pickups

Seed Round in 2016
Welcome Pickups is an online platform that focuses on enhancing the travel experience by connecting travelers with local residents in their destination. Established in January 2015 in Athens, the platform facilitates communication between users and locals, allowing for the organization of essential services, pre-ordered tickets, and personalized experiences guided by residents. This approach aims to provide travelers with a safer and more enjoyable journey by offering tailored advice and support, making it easier for them to navigate and immerse themselves in the local culture.

Welcome Pickups

Seed Round in 2015
Welcome Pickups is an online platform that focuses on enhancing the travel experience by connecting travelers with local residents in their destination. Established in January 2015 in Athens, the platform facilitates communication between users and locals, allowing for the organization of essential services, pre-ordered tickets, and personalized experiences guided by residents. This approach aims to provide travelers with a safer and more enjoyable journey by offering tailored advice and support, making it easier for them to navigate and immerse themselves in the local culture.

Fieldscale

Seed Round in 2015
Fieldscale is a company based in Thessaloniki, Greece, that specializes in developing cloud-based simulation software for the touch sensor industry. Its flagship product, SENSE, provides advanced capacitive touch sensor simulation capabilities, enabling engineers to conduct electric design and analysis with enhanced accuracy and efficiency. The software employs sophisticated algorithms within an intuitive user interface, allowing for the execution of complex simulations, including electric field analysis and assessments of dielectric breakdowns and partial discharges. By facilitating thousands of analyses and various scenarios within a single day, Fieldscale empowers engineers to optimize sensor designs while reducing power consumption, thereby improving the overall design process for touchscreen products. Founded in 2015, the company aims to provide solutions that help users achieve optimal design outcomes more quickly than their competitors.

Talos Avionics

Seed Round in 2015
TalosAvionics is a company based in Heraklion, Greece, specializing in the development of advanced avionics systems utilizing portable devices such as tablets and smartphones. The firm offers innovative products, including A-EFIS, a primary flight display, and EFIS/AHRS for Android devices, which enable users to transform their mobile devices into a comprehensive glass cockpit. Additionally, TalosAvionics provides a WiFi pressure sensor box that enhances the functionality of these devices by integrating critical flight data such as airspeed and external temperature. Focused on research and development, the company aims to introduce state-of-the-art sensor technology to the aviation sector, ensuring improved accuracy and reliability in electronic flight information systems. TalosAvionics distributes its products through various channels across the United States.

Welcome Pickups

Seed Round in 2015
Welcome Pickups is an online platform that focuses on enhancing the travel experience by connecting travelers with local residents in their destination. Established in January 2015 in Athens, the platform facilitates communication between users and locals, allowing for the organization of essential services, pre-ordered tickets, and personalized experiences guided by residents. This approach aims to provide travelers with a safer and more enjoyable journey by offering tailored advice and support, making it easier for them to navigate and immerse themselves in the local culture.

Balena

Series A in 2015
Balena Inc. operates a platform that provides comprehensive tools for building, deploying, and managing fleets of connected Internet of Things (IoT) devices. The company offers a range of products, including balenaCloud, balenaOS, balenaFin, balenaEngine, balenaEtcher, and openbalena, which facilitate application development, device deployment, and management for fleet owners. Balena's infrastructure enables developers to focus on application growth while managing, monitoring, and updating devices through a web dashboard, API, CLI, and SDK. The platform supports Linux containers and open technologies, allowing for seamless firmware deployment and compatibility with various programming languages and libraries. Founded in 2013 and based in Seattle, Washington, Balena also has offices in Greece and the United Kingdom. The company was previously known as Resin, Inc. until its rebranding in October 2018.

Forky

Seed Round in 2015
Forky is a food delivery service based in Athens, Greece, that operates through a mobile app and a web portal. The company specializes in delivering a variety of food options, including dishes, salads, accompaniments, refreshments, and ice cream from local restaurants. Forky aims to make food accessible to customers within minutes, allowing them to conveniently choose their favorite meals and have them delivered directly to their doorstep. Additionally, Forky facilitates payment methods, enhancing the overall customer experience in food delivery.

Pockee

Seed Round in 2015
Pockee is a mobile coupon platform based in Athens, Greece, that connects fast-moving consumer goods (FMCG) brands with retailers to provide consumers with genuine discounts on grocery shopping. By leveraging technology, Pockee allows users to access offers without the need for printing or collecting paper coupons, simplifying the shopping experience. The platform offers a variety of products, including food items like juices and snacks, as well as personal and home care products. Pockee also enables users to manage their spending effectively while earning cashback and receiving notifications for products of interest when they go on sale. Launched in 2014, Pockee aims to enhance consumer engagement at crucial decision-making moments in grocery shopping.

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.

Incelligent

Seed Round in 2014
Incelligent is a startup based in Athens, Greece, specializing in the development of management software for wireless and mobile broadband networks. The company focuses on predictive management and optimization of these networks through the application of machine learning techniques on extensive data sets gathered from both network and non-network sources. By recognizing patterns and uncovering hidden correlations within this data, Incelligent's software can forecast future network conditions and provide actionable insights for real-time configuration adjustments. This innovative approach not only enhances network performance but also prepares operators for the Internet of Things (IoT) landscape, enabling them to optimize their services and leverage big data effectively.

Fieldscale

Seed Round in 2014
Fieldscale is a company based in Thessaloniki, Greece, that specializes in developing cloud-based simulation software for the touch sensor industry. Its flagship product, SENSE, provides advanced capacitive touch sensor simulation capabilities, enabling engineers to conduct electric design and analysis with enhanced accuracy and efficiency. The software employs sophisticated algorithms within an intuitive user interface, allowing for the execution of complex simulations, including electric field analysis and assessments of dielectric breakdowns and partial discharges. By facilitating thousands of analyses and various scenarios within a single day, Fieldscale empowers engineers to optimize sensor designs while reducing power consumption, thereby improving the overall design process for touchscreen products. Founded in 2015, the company aims to provide solutions that help users achieve optimal design outcomes more quickly than their competitors.

Pockee

Seed Round in 2014
Pockee is a mobile coupon platform based in Athens, Greece, that connects fast-moving consumer goods (FMCG) brands with retailers to provide consumers with genuine discounts on grocery shopping. By leveraging technology, Pockee allows users to access offers without the need for printing or collecting paper coupons, simplifying the shopping experience. The platform offers a variety of products, including food items like juices and snacks, as well as personal and home care products. Pockee also enables users to manage their spending effectively while earning cashback and receiving notifications for products of interest when they go on sale. Launched in 2014, Pockee aims to enhance consumer engagement at crucial decision-making moments in grocery shopping.

Total Eclipse

Seed Round in 2013
Total Eclipse Ltd. is a game development studio based in Thessaloniki, Greece, founded in 2004 by brothers Argiris and Dimitrios Bendilas. The company specializes in designing and developing family-friendly games for various platforms, including PC, Mac, Linux, and iPhone/iPad. Total Eclipse focuses on creating innovative and addictive casual games that are easy to learn. Its notable works include the "Clockwork Man" franchise, which features two Hidden Object/Adventure games and an iOS puzzle game called "A Clockwork Brain." The company's products are distributed through major digital channels and retail stores, allowing for broad accessibility to players worldwide. With a small, dedicated team and a commitment to crafting memorable gaming experiences, Total Eclipse continues to expand its portfolio of original games.

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.

Beat

Seed Round in 2011
Beat is a ride-hailing application that connects passengers with nearby drivers in real time, offering a new and efficient transportation experience. Founded in 2011 and acquired by mytaxi in 2017, Beat enables users to request rides 24/7 through its mobile platform, which is compatible with both iOS and Android devices. The app allows passengers to either accept a driver selected by the platform or choose from available drivers based on user ratings and other criteria. Currently, Beat operates in several cities, including Athens, Lima, Santiago, and Bogota, with plans for further expansion in South America.

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.
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