Openfund

Openfund is a new seed capital venture, focusing on start-ups around software, mobile and the web. Based in Athens, Greece, the Openfund brings together an exceptional team of executives, an extensive list of advisors and a number of passionate investors to provide everything a team of entrepreneurs needs to turn ideas into products and success.

Nicholas Frangos

Partner and Member of Executive Board

Constantine Pateras

Partner and Member of Executive Board

GT

Georgios Tziralis

Partner, Executive Director and Member of Executive Board

Vanessa Zdravou

Partner and Investment Associate

Past deals in Greece

Fashinating

Seed Round in 2010
Fashinating helps people discover, track and shop apparel, accessories, shoes and jewelry online, all sourced from the best online retailers globally. The company holds a pending US patent on its fashion discovery process that profiles users’ actions and makes targeted product recommendations. The service has successfully launched in 2010 operating 7 co-branding solutions for publishers like Microsoft and Men's Health. Fashinating operates in 3 district country markets. The Problem Online fashion retail is the most popular category of e-shopping in many countries and the fastest growing in the US with growth of 20%. Markets like the UK offer an overwhelming choice to the online consumer. Just shopping for t-shirts on Amazon UK gives you a choice of over one million different options. If someone placed one t-shirt next to the other to help you decide you would have to walk 5 days non-stop to actually view them all! The problem here is clear, what is the best way to help you discover the perfect t-shirt? The Solution Fashinating makes real time recommendations based on the users’ instant choices and accumulated profile. This ensures that you see the best t-shirts out of the one million first! Others might claim the same, but who makes the best targeting? Even the perfect recommendation engine cannot function without taste data! The winner in this industry will be the one able to gather and utilize user data quickly. Fashinating’s patented process ensures visitors add on average 8 products to their favorites per visit! This ensures it selects the best t-shirts for you when at the same time it displays large pictures helping you make the right choice. Project Status The company has been funded to date by its founders’, select angels and the Openfund (http://theopenfund.com) in 2009. Its users have added over 8 million products to their favorites to this date. Fashinating today features over 200K products and has over 250 agreements with eshops like GAP, Asos, Far Fetch, French Connection and Ted Baker - most of them for the UK and the US vertical.

Imagga Ltd

Seed Round in 2011
Imagga is an Image Recognition PaaS providing Image Tagging APIs for developers & businesses to build scalable, image intensive apps in the cloud. Image understanding technologies are wrapped in a cloud platform of powerful APIs that allow auto-cropping, color extraction & search, categorization and auto-tagging (keyword annotation) of large image collections. They've designed an infrastructure that can handle huge loads of images and auto-scale to accommodate a lot of concurrent queries. Currently they offer their APIs on a software-as-a-service pay-as-you-go basis both for web and mobile.

Imagga Ltd

Seed Round in 2010
Imagga is an Image Recognition PaaS providing Image Tagging APIs for developers & businesses to build scalable, image intensive apps in the cloud. Image understanding technologies are wrapped in a cloud platform of powerful APIs that allow auto-cropping, color extraction & search, categorization and auto-tagging (keyword annotation) of large image collections. They've designed an infrastructure that can handle huge loads of images and auto-scale to accommodate a lot of concurrent queries. Currently they offer their APIs on a software-as-a-service pay-as-you-go basis both for web and mobile.

Welcome

Seed Round in 2016
Welcome redefines the way people travel by offering our customers the most personalized and wholesome travel experience from the moment they start planning their trip until the moment they return home. We provide travelers with the warmest, most informative and friendliest transfer from and to the airport, equip them with all the necessary products and services they will need during their trip, as well as stand by them for any information they need for the duration of their stay.

Pockee

Pre Seed Round in 2014
Pockee designs and develops mobile applications for fast-moving consumer goods (FMCG) coupons. It offers food products such as juices, snacks, and cava, personal and home care products, pets allowed, and children and infants products. It provides a technology solution which brings together brands and national retailers to enable consumers receive real discounts on their everyday grocery shopping. Pockee is based in Athens, Greece.

Welcome

Seed Round in 2015
Welcome redefines the way people travel by offering our customers the most personalized and wholesome travel experience from the moment they start planning their trip until the moment they return home. We provide travelers with the warmest, most informative and friendliest transfer from and to the airport, equip them with all the necessary products and services they will need during their trip, as well as stand by them for any information they need for the duration of their stay.

Welcome

Series A in 2019
Welcome redefines the way people travel by offering our customers the most personalized and wholesome travel experience from the moment they start planning their trip until the moment they return home. We provide travelers with the warmest, most informative and friendliest transfer from and to the airport, equip them with all the necessary products and services they will need during their trip, as well as stand by them for any information they need for the duration of their stay.

YouScan

Seed Round in 2010
YouScan is a social media monitoring platform that helps brand owners to listen to consumer opinions posted online about their products & competitors, and manage their brands online. The company was founded in 2009 and is based in Moscow, Russian Federation. As of October 6, 2015, YouScan operates as a subsidiary of Yell.ru Ltd.

Dopios

Seed Round in 2013
dopios, or ‘local’ in Greek, is a community marketplace where travelers can discover authentic experiences created by locals. Users can get travel tips before they go, plan adventures for their next vacation, and meet new friends. dopios is taking travelers beyond the guidebook and plugging them into the true experiences of their destinations.

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.

TalosAvionics

Seed Round in 2015
TalosAvionics produces avionics based on portable devices, such as tablets, smartphones, iPhones, and iPads etc. It offers A-EFIS, a primaryflightdisplay, EFIS/AHRS for Android devices. The company also provides WiFi pressure sensor box that enables the users to transform their tablet or smartphone into a full ADAHRS glass cockpit. It sells its products through distributors in the United States. TalosAvionics is headquartered in Heraklion, Greece.

Sportmeets

Seed Round in 2010
Sportmeets UK Ltd. provides Sportmeets, an online service for people to play and engage in recreational sports. The company’s Sportmeets is an online application that connects people to meet, organize their teams and events, and compete offline. Its solution enables users to organize sport events, sport groups, and sport ladder competitions at work, club, or sport centre; and play and share interests, games, and results on-line. The company was founded in 2009 and is based in London, United Kingdom.

YouScan

Seed Round in 2011
YouScan is a social media monitoring platform that helps brand owners to listen to consumer opinions posted online about their products & competitors, and manage their brands online. The company was founded in 2009 and is based in Moscow, Russian Federation. As of October 6, 2015, YouScan operates as a subsidiary of Yell.ru Ltd.

incrediblue

Seed Round in 2015
incrediblue introduces the new smart way to experience boating. By offering high-quality vacation packages, we deliver a fun, worry-free experience to travellers who have grown bored of hotels and help trustworthy boat owners grow their business. Featuring a wide range of boats in several sailing destinations around the world, incrediblue brings you one step closer to nature at fair prices. incrediblue's mission is to establish boating as the top vacation choice for all travellers.

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.

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.

Pockee

Seed Round in 2014
Pockee designs and develops mobile applications for fast-moving consumer goods (FMCG) coupons. It offers food products such as juices, snacks, and cava, personal and home care products, pets allowed, and children and infants products. It provides a technology solution which brings together brands and national retailers to enable consumers receive real discounts on their everyday grocery shopping. Pockee is based in Athens, Greece.

Fieldscale

Seed Round in 2016
Fieldscale P.C. designs and develops simulation software solutions for electric design and analysis aspects. It offers three-dimensional integration technology; interconnect line, and power/high voltage application solutions for semiconductor/electronic design automation and energy industries. The company was founded in 2015 and is based in Thessaloniki, Greece.

Locish

Seed Round in 2013
Locish is a Q&A mobile app enabling users to ask like-minded people for real-time recommendations on new places to eat, drink, and have fun. Each response is specific to the user’s individual inquiry and matched to their personal preferences. General Information This is how Locish works - Ask a question to other Locish users Cafes, bars, clubs, and restaurants. Pose a detailed question to our community and find somewhere new that ticks your boxes. - Get tailored replies from like-minded people Locish ‘gets’ what you like, and knows which users will come up trumps with suitable suggestions – created just for you. - All the details you need As well as a personal response, you get all the venue details you need ­– including addresses, websites, photos; even ratings from Yelp and Foursquare. - Get involved Kudos – you’re now part of Locish! Payback time! Pass on your recommendations, connect, chat, and wax lyrical about your favorite places with those who share your interests. Locish launched for first time on summer 2013, and is relaunching totally new on spring 2014.

Locish

Seed Round in 2014
Locish is a Q&A mobile app enabling users to ask like-minded people for real-time recommendations on new places to eat, drink, and have fun. Each response is specific to the user’s individual inquiry and matched to their personal preferences. General Information This is how Locish works - Ask a question to other Locish users Cafes, bars, clubs, and restaurants. Pose a detailed question to our community and find somewhere new that ticks your boxes. - Get tailored replies from like-minded people Locish ‘gets’ what you like, and knows which users will come up trumps with suitable suggestions – created just for you. - All the details you need As well as a personal response, you get all the venue details you need ­– including addresses, websites, photos; even ratings from Yelp and Foursquare. - Get involved Kudos – you’re now part of Locish! Payback time! Pass on your recommendations, connect, chat, and wax lyrical about your favorite places with those who share your interests. Locish launched for first time on summer 2013, and is relaunching totally new on spring 2014.

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!

Gourmet Origins

Seed Round in 2011
GourmetOrigins.com is an online marketplace for European artisan and high quality foods. GourmetOrigins.com connects consumers with small independent producers throughout Europe and help foodies discover the origins and the stories of Europe's rich and diverse food heritage. At GourmetOrigins.com consumers can place orders for hard-to-find foods and get them delivered at home. Producers have in GourmetOrigins.com a platform to increase sales, promote their produce and gain exposure in fron of a highly segmented audience.

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.

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.

Smartbox

Seed Round in 2014
Smartbox is a technology solutions company that creates assistive technology solutions to help people with disabilities. The company offers a range of hardware devices: three types of Grid Pads which are communications aiding tablets; eye gaze cameras which allow users to navigate and control a computer by tracking where they are looking; Servus Environment Control devices that allow users to remotely control modified household devices such as thermostats; and other assistive devices related to controlling a computer. Additionally, the company offers software: Grid versions 2 and 3, standard assistive communications software; Look to Learn, learning software for eye gazing technology; Dwell Clicker 2, interface software for pointing devices and computers; Switch Driver 6, replicates keyboard and mouse commands with switches; and Sensory Eye FX and Tobii Gaze Viwer, both of which aid in eye gaze technology. Smatbox was founded in 2006 and is based in England with offices in Bristol, Worcestershire, and Malvern, with an additional U.S. office in Lower Burrell, Pennsylvania.

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.

Workable

Seed Round in 2013
Workable is the world’s leading hiring platform. We provide in-house recruiters and hiring teams with more ways to find more qualified candidates, and help them work together to identify and hire the best. Companies who use our software get from requisition to offer letter faster, with automated and AI-powered tools that source and suggest candidates, simplify decision making and streamline the hiring process. Workable was founded in 2012, and has since helped more than 20,000 companies hire one million candidates. We employ over 250 people across Greece, Australia, the US and the UK, and work with a diverse group of organizations, including HireVue, JOEY Restaurants, Bevi, Soho House, RyanAir, Sephora and many more.

Rocketgraph

Seed Round in 2014
Rocketgraph P.C. provides a marketplace that enables developers and designers to create and offer cloud powered reports. The company also enables users to export their Rocketgraph account and get scheduled emails with data pulled directly from their sources. Rocketgraph P.C. was founded in 2014 and is headquartered in Athens, Greece.

Workable

Series A in 2015
Workable is the world’s leading hiring platform. We provide in-house recruiters and hiring teams with more ways to find more qualified candidates, and help them work together to identify and hire the best. Companies who use our software get from requisition to offer letter faster, with automated and AI-powered tools that source and suggest candidates, simplify decision making and streamline the hiring process. Workable was founded in 2012, and has since helped more than 20,000 companies hire one million candidates. We employ over 250 people across Greece, Australia, the US and the UK, and work with a diverse group of organizations, including HireVue, JOEY Restaurants, Bevi, Soho House, RyanAir, Sephora and many more.

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.

Ermis

Seed Round in 2014
Ermis offers software solutions that enables users to manage CMS installations such as WordPress, Joomla, and Drupal. Its dashboard offers real-time information about the progress of each task and monitors if a user’s server is down or overloaded. Ermis is based in Paris, France.

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.

Welcome

Venture Round in 2017
Welcome redefines the way people travel by offering our customers the most personalized and wholesome travel experience from the moment they start planning their trip until the moment they return home. We provide travelers with the warmest, most informative and friendliest transfer from and to the airport, equip them with all the necessary products and services they will need during their trip, as well as stand by them for any information they need for the duration of their stay.

Fieldscale

Seed Round in 2014
Fieldscale P.C. designs and develops simulation software solutions for electric design and analysis aspects. It offers three-dimensional integration technology; interconnect line, and power/high voltage application solutions for semiconductor/electronic design automation and energy industries. The company was founded in 2015 and is based in Thessaloniki, Greece.

incrediblue

Seed Round in 2013
incrediblue introduces the new smart way to experience boating. By offering high-quality vacation packages, we deliver a fun, worry-free experience to travellers who have grown bored of hotels and help trustworthy boat owners grow their business. Featuring a wide range of boats in several sailing destinations around the world, incrediblue brings you one step closer to nature at fair prices. incrediblue's mission is to establish boating as the top vacation choice for all travellers.

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!

Workable

Series A in 2014
Workable is the world’s leading hiring platform. We provide in-house recruiters and hiring teams with more ways to find more qualified candidates, and help them work together to identify and hire the best. Companies who use our software get from requisition to offer letter faster, with automated and AI-powered tools that source and suggest candidates, simplify decision making and streamline the hiring process. Workable was founded in 2012, and has since helped more than 20,000 companies hire one million candidates. We employ over 250 people across Greece, Australia, the US and the UK, and work with a diverse group of organizations, including HireVue, JOEY Restaurants, Bevi, Soho House, RyanAir, Sephora and many more.

incrediblue

Seed Round in 2013
incrediblue introduces the new smart way to experience boating. By offering high-quality vacation packages, we deliver a fun, worry-free experience to travellers who have grown bored of hotels and help trustworthy boat owners grow their business. Featuring a wide range of boats in several sailing destinations around the world, incrediblue brings you one step closer to nature at fair prices. incrediblue's mission is to establish boating as the top vacation choice for all travellers.

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.

Fieldscale

Seed Round in 2015
Fieldscale P.C. designs and develops simulation software solutions for electric design and analysis aspects. It offers three-dimensional integration technology; interconnect line, and power/high voltage application solutions for semiconductor/electronic design automation and energy industries. The company was founded in 2015 and is based in Thessaloniki, Greece.

Balena

Series A in 2015
Balena is a complete set of tools for building, deploying, and managing fleets of connected IoT devices. It provides infrastructure and tools for fleet owners so they can focus on developing their applications and growing their fleets with as little friction as possible. Balena enables devices and their running services to be managed, monitored, and updated through the web dashboard or through its API, via the CLI and SDK. Balena was established in 2013.

100mentors

Seed Round in 2016
The problem: We take our most critical career & academic decisions quite randomly. * Our mission: To empower the world’s youth to consciously take their once in a lifetime decisions. 100mentors: On-demand access to the world's largest alumni network. Prepare your students for the workplace of the future. * We live in an age where you can have an Uber cab show up in 2', with the car type you like, full visibility of the driver reviews, even the ability to pre-set the music you'​ ll listen to during your ride. At the same time, you have almost zero capacity to personalise yours or your kid's career & academic orientation to find what truly fits their profiles, needs & special talents or customise their counselling for landing their dream universities & jobs & pursuing their real inclinations... https://www.youtube.com/watch?v=g18FLCNjscM&feature=youtu.be

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.

Welcome

Seed Round in 2015
Welcome redefines the way people travel by offering our customers the most personalized and wholesome travel experience from the moment they start planning their trip until the moment they return home. We provide travelers with the warmest, most informative and friendliest transfer from and to the airport, equip them with all the necessary products and services they will need during their trip, as well as stand by them for any information they need for the duration of their stay.

Incelligent

Seed Round in 2014
Incelligent is an Athens-based startup, providing products for the knowledge-based and predictive management of wireless networks. Incelligent software applies machine learning on big data collected from heterogeneous sources (network and non-network) in order to recognize patterns, identify hidden correlations and predict future situations of networks. It further uses these analytics/foresights to build knowledge and provide recommendations on the optimal configuration for the foreseen context in real time, thus enabling a next generation, self-optimizing network.

Pockee

Seed Round in 2015
Pockee designs and develops mobile applications for fast-moving consumer goods (FMCG) coupons. It offers food products such as juices, snacks, and cava, personal and home care products, pets allowed, and children and infants products. It provides a technology solution which brings together brands and national retailers to enable consumers receive real discounts on their everyday grocery shopping. Pockee is based in Athens, Greece.

Discoveroom PC

Seed Round in 2013
Discoveroom is an application that provides small lodges with the tools to manage reservations manually or automatically. It also enables users to ceive bookings from customers over the internet. Discoveroom generates revenues from commissions on the bookings that take place on its own lodging listing service and from subscriptions for app add-ons.