VentureFriends

VentureFriends, established in 2016 and headquartered in Athens, Greece, is a venture capital firm that invests in early-stage, tech-enabled companies. The firm focuses on seed-stage startups, predominantly in Europe, with a particular interest in PropTech, FinTech, Marketplaces, and SaaS. VentureFriends typically invests between €0.3M to €2.5M initially, with the potential to follow on up to €5 - 10M. The firm's investment philosophy is entrepreneurial and founder-friendly, with a focus on backing companies that can develop a sustainable competitive advantage.

Apostolos Apostolakis

Co-Founder and Partner

Michal Bas

Principal

George Dimopoulos

Partner and Co-Founder

George Karabelas

Associate

Alistair Owen

Principal

Pavlos Pavlakis

Principal

Fivos Tsoukatos

Principal

Past deals in Greece

Plum Fintech

Series B in 2024
Plum Fintech Limited, based in London and founded in 2016 by Victor Trokoudes and Alex Michael, develops the Plum app, an artificial intelligence-based money tracking application that integrates with messaging platforms. The app automates personal finance tasks, enabling users to save effortlessly, manage their spending, and invest easily. Plum offers a range of financial products designed to help customers grow their wealth over time, including pensions and tax-efficient investment options. With a user base of over 2 million people across Europe, Plum has expanded its services to 10 countries and operates with a team of more than 200 employees across its offices in London, Athens, and Nicosia.

BibeCoffee

Seed Round in 2023
BibeCoffee is a technology company based in Athens, Greece, founded in 2018. It specializes in developing Internet of Things (IoT) solutions that enhance professional coffee machines by transforming them into smart connected terminals. The company's hardware device monitors coffee machines in real-time, enabling users to track usage and operations remotely. This innovative platform helps clients, including roasters, distributors, coffee machine manufacturers, maintenance companies, coffee chains, and shop owners, minimize revenue loss, reduce coffee waste, and lower maintenance costs. By providing valuable analytics, BibeCoffee streamlines maintenance processes and supports the optimization of business models, ultimately safeguarding brand quality.

Welcome Pickups

Venture Round in 2022
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.

FlexCar

Venture Round in 2022
FlexCar is a car-as-a-service company based in Athens, Greece, founded in 2018. It provides customers with an alternative to traditional car ownership by offering a simple and flexible leasing model. Customers pay a fixed monthly fee that encompasses all costs associated with car usage, including road taxes, insurance, repairs, and tires, without any hidden fees or long-term commitments. By sourcing ready-made cars from local dealerships, FlexCar ensures that its vehicles are in excellent condition, thereby enhancing customer satisfaction and convenience.

Spotawheel

Series B in 2022
Spotawheel is a tech-driven dealership that specializes in the buying and selling of used cars, established in 2015 and headquartered in Nea Ionia, Greece. The company operates in Greece and Poland, providing a transparent online platform for second-hand vehicles. Spotawheel offers a curated inventory of fully inspected cars, which are available for both purchase and subscription leasing. The platform incorporates predictive analytics to help users identify and monitor potential faults in vehicles. Additionally, Spotawheel enhances the buying experience by offering various add-ons such as financing, insurance, warranty, and after-sales support, enabling customers to make informed and confident decisions when purchasing used cars.

Plum Fintech

Series A in 2021
Plum Fintech Limited, based in London and founded in 2016 by Victor Trokoudes and Alex Michael, develops the Plum app, an artificial intelligence-based money tracking application that integrates with messaging platforms. The app automates personal finance tasks, enabling users to save effortlessly, manage their spending, and invest easily. Plum offers a range of financial products designed to help customers grow their wealth over time, including pensions and tax-efficient investment options. With a user base of over 2 million people across Europe, Plum has expanded its services to 10 countries and operates with a team of more than 200 employees across its offices in London, Athens, and Nicosia.

Blueground

Series C in 2021
Blueground is a hospitality company specializing in the leasing and management of fully furnished residential properties across Greece, Turkey, and the United Arab Emirates. Founded in 2013 and headquartered in Kifisia, Greece, the company focuses on providing high-quality accommodations for corporate travelers, expatriates, and leisure guests. By leveraging a combination of local expertise, thoughtful design, and technology, Blueground offers a seamless living experience that allows clients to access apartments on flexible terms. Its platform is designed to meet the diverse needs of modern travelers, ensuring that guests enjoy comfortable, well-equipped homes during their stay.

FlexCar

Venture Round in 2021
FlexCar is a car-as-a-service company based in Athens, Greece, founded in 2018. It provides customers with an alternative to traditional car ownership by offering a simple and flexible leasing model. Customers pay a fixed monthly fee that encompasses all costs associated with car usage, including road taxes, insurance, repairs, and tires, without any hidden fees or long-term commitments. By sourcing ready-made cars from local dealerships, FlexCar ensures that its vehicles are in excellent condition, thereby enhancing customer satisfaction and convenience.

BibeCoffee

Seed Round in 2020
BibeCoffee is a technology company based in Athens, Greece, founded in 2018. It specializes in developing Internet of Things (IoT) solutions that enhance professional coffee machines by transforming them into smart connected terminals. The company's hardware device monitors coffee machines in real-time, enabling users to track usage and operations remotely. This innovative platform helps clients, including roasters, distributors, coffee machine manufacturers, maintenance companies, coffee chains, and shop owners, minimize revenue loss, reduce coffee waste, and lower maintenance costs. By providing valuable analytics, BibeCoffee streamlines maintenance processes and supports the optimization of business models, ultimately safeguarding brand quality.

Spotawheel

Venture Round in 2020
Spotawheel is a tech-driven dealership that specializes in the buying and selling of used cars, established in 2015 and headquartered in Nea Ionia, Greece. The company operates in Greece and Poland, providing a transparent online platform for second-hand vehicles. Spotawheel offers a curated inventory of fully inspected cars, which are available for both purchase and subscription leasing. The platform incorporates predictive analytics to help users identify and monitor potential faults in vehicles. Additionally, Spotawheel enhances the buying experience by offering various add-ons such as financing, insurance, warranty, and after-sales support, enabling customers to make informed and confident decisions when purchasing used cars.

Plum Fintech

Venture Round in 2020
Plum Fintech Limited, based in London and founded in 2016 by Victor Trokoudes and Alex Michael, develops the Plum app, an artificial intelligence-based money tracking application that integrates with messaging platforms. The app automates personal finance tasks, enabling users to save effortlessly, manage their spending, and invest easily. Plum offers a range of financial products designed to help customers grow their wealth over time, including pensions and tax-efficient investment options. With a user base of over 2 million people across Europe, Plum has expanded its services to 10 countries and operates with a team of more than 200 employees across its offices in London, Athens, and Nicosia.

Spotawheel

Series A in 2020
Spotawheel is a tech-driven dealership that specializes in the buying and selling of used cars, established in 2015 and headquartered in Nea Ionia, Greece. The company operates in Greece and Poland, providing a transparent online platform for second-hand vehicles. Spotawheel offers a curated inventory of fully inspected cars, which are available for both purchase and subscription leasing. The platform incorporates predictive analytics to help users identify and monitor potential faults in vehicles. Additionally, Spotawheel enhances the buying experience by offering various add-ons such as financing, insurance, warranty, and after-sales support, enabling customers to make informed and confident decisions when purchasing used cars.

Accusonus

Series A in 2019
Accusonus, Inc., established in 2015, specializes in developing innovative software tools for the professional music industry and consumer electronics sector. Based in Lexington, Massachusetts, with additional offices in Greece, the company offers a range of products including Drumatom (drum bleed reduction), Drumatom Player (leakage suppression), ERA-D (sound processing), and Regroover (AI-driven beat machine). Accusonus also provides embedded software for speech enhancement in consumer electronics. Their patented Machine Learning and Artificial Intelligence technology streamlines sound processing workflows, making audio repair and music creation more accessible and efficient.

Blueground

Convertible Note in 2019
Blueground is a hospitality company specializing in the leasing and management of fully furnished residential properties across Greece, Turkey, and the United Arab Emirates. Founded in 2013 and headquartered in Kifisia, Greece, the company focuses on providing high-quality accommodations for corporate travelers, expatriates, and leisure guests. By leveraging a combination of local expertise, thoughtful design, and technology, Blueground offers a seamless living experience that allows clients to access apartments on flexible terms. Its platform is designed to meet the diverse needs of modern travelers, ensuring that guests enjoy comfortable, well-equipped homes during their stay.

Spotawheel

Seed Round in 2019
Spotawheel is a tech-driven dealership that specializes in the buying and selling of used cars, established in 2015 and headquartered in Nea Ionia, Greece. The company operates in Greece and Poland, providing a transparent online platform for second-hand vehicles. Spotawheel offers a curated inventory of fully inspected cars, which are available for both purchase and subscription leasing. The platform incorporates predictive analytics to help users identify and monitor potential faults in vehicles. Additionally, Spotawheel enhances the buying experience by offering various add-ons such as financing, insurance, warranty, and after-sales support, enabling customers to make informed and confident decisions when purchasing used cars.

FlexCar

Seed Round in 2019
FlexCar is a car-as-a-service company based in Athens, Greece, founded in 2018. It provides customers with an alternative to traditional car ownership by offering a simple and flexible leasing model. Customers pay a fixed monthly fee that encompasses all costs associated with car usage, including road taxes, insurance, repairs, and tires, without any hidden fees or long-term commitments. By sourcing ready-made cars from local dealerships, FlexCar ensures that its vehicles are in excellent condition, thereby enhancing customer satisfaction and convenience.

Plum Fintech

Series A in 2019
Plum Fintech Limited, based in London and founded in 2016 by Victor Trokoudes and Alex Michael, develops the Plum app, an artificial intelligence-based money tracking application that integrates with messaging platforms. The app automates personal finance tasks, enabling users to save effortlessly, manage their spending, and invest easily. Plum offers a range of financial products designed to help customers grow their wealth over time, including pensions and tax-efficient investment options. With a user base of over 2 million people across Europe, Plum has expanded its services to 10 countries and operates with a team of more than 200 employees across its offices in London, Athens, and Nicosia.

MyJobNow

Seed Round in 2019
MyJobNow is a company that specializes in a job search application aimed at assisting blue-collar workers in securing employment quickly, often within 24 hours. Founded in 2018 and based in Athens, Greece, the application offers users the ability to create professional resumes and business profiles, browse job opportunities in their vicinity, and communicate directly with potential employers. For employers, the platform provides tools to review candidates, assess their qualifications, and schedule interviews, facilitating a streamlined connection between job seekers and employers.

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.

Blueground

Venture Round in 2018
Blueground is a hospitality company specializing in the leasing and management of fully furnished residential properties across Greece, Turkey, and the United Arab Emirates. Founded in 2013 and headquartered in Kifisia, Greece, the company focuses on providing high-quality accommodations for corporate travelers, expatriates, and leisure guests. By leveraging a combination of local expertise, thoughtful design, and technology, Blueground offers a seamless living experience that allows clients to access apartments on flexible terms. Its platform is designed to meet the diverse needs of modern travelers, ensuring that guests enjoy comfortable, well-equipped homes during their stay.

Plum Fintech

Seed Round in 2018
Plum Fintech Limited, based in London and founded in 2016 by Victor Trokoudes and Alex Michael, develops the Plum app, an artificial intelligence-based money tracking application that integrates with messaging platforms. The app automates personal finance tasks, enabling users to save effortlessly, manage their spending, and invest easily. Plum offers a range of financial products designed to help customers grow their wealth over time, including pensions and tax-efficient investment options. With a user base of over 2 million people across Europe, Plum has expanded its services to 10 countries and operates with a team of more than 200 employees across its offices in London, Athens, and Nicosia.

Douleutaras

Venture Round in 2017
Douleutaras, also known internationally as Easyhero, is the leading professional services marketplace in Greece and Cyprus. The company addresses the challenges of finding qualified professionals for various home services through its online platform. Users can access a wide range of services, including repairs for domestic appliances, electrical and plumbing work, renovations, as well as legal, accounting, photography, and translation services. The platform allows freelancers to create profiles and receive bids for jobs they choose to pursue. In addition to its strong position in the local market, Douleutaras has begun an international expansion to capture a share of the €250 billion professional services market in Europe.

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.

Spotawheel

Seed Round in 2017
Spotawheel is a tech-driven dealership that specializes in the buying and selling of used cars, established in 2015 and headquartered in Nea Ionia, Greece. The company operates in Greece and Poland, providing a transparent online platform for second-hand vehicles. Spotawheel offers a curated inventory of fully inspected cars, which are available for both purchase and subscription leasing. The platform incorporates predictive analytics to help users identify and monitor potential faults in vehicles. Additionally, Spotawheel enhances the buying experience by offering various add-ons such as financing, insurance, warranty, and after-sales support, enabling customers to make informed and confident decisions when purchasing used cars.

e-table.gr

Seed Round in 2017
e-table.gr is an online platform that facilitates the process of finding and reserving restaurants, available to users around the clock. The service is free of charge, does not require a credit card, and provides users with exclusive privileges and discounts. Recognizing the growing demand for technology in the dining experience, e-table aims to bridge the gap between customer expectations and restaurant offerings in the digital space. Founded by George Arfaras and Kostas Saridakis in September 2014, and based in Moschato, Greece, e-table offers a sophisticated solution that enhances customer convenience while enabling restaurants to leverage digital marketing with minimal effort and cost.

Blueground

Series A in 2017
Blueground is a hospitality company specializing in the leasing and management of fully furnished residential properties across Greece, Turkey, and the United Arab Emirates. Founded in 2013 and headquartered in Kifisia, Greece, the company focuses on providing high-quality accommodations for corporate travelers, expatriates, and leisure guests. By leveraging a combination of local expertise, thoughtful design, and technology, Blueground offers a seamless living experience that allows clients to access apartments on flexible terms. Its platform is designed to meet the diverse needs of modern travelers, ensuring that guests enjoy comfortable, well-equipped homes during their stay.

Advantis Medical Imaging

Seed Round in 2017
Advantis Medical Imaging B.V. is a company based in Eindhoven, the Netherlands, with an additional office in Athens, Greece, specializing in web-based post-processing and 3D visualization software for magnetic resonance imaging (MRI). The company's flagship product, Brainance, offers a comprehensive neuroimaging solution that assists radiologists and brain MRI specialists in diagnosing various severe brain pathologies, such as brain cancer and traumatic brain injury. Brainance includes a range of modules for processing brain MRI exams, utilizing advanced techniques like diffusion tensor imaging, perfusion, and functional MRI. Advantis Medical Imaging is also engaged in research and development to expand its offerings to include other human organs, leveraging cloud and artificial intelligence technologies to enhance medical diagnosis and patient follow-up.

Nannuka

Seed Round in 2016
Nannuka.com is an online marketplace established in 2014 that addresses the care needs of families, caregivers, and care service companies. Originating from the efforts of three mothers seeking reliable childcare solutions, Nannuka has grown to become a leading platform in Greece, Italy, and the UK, catering to a diverse range of services including child care, senior care, and housekeeping. The platform distinguishes itself by emphasizing safety and support, ensuring that every caregiver undergoes a thorough profile verification process involving personal interviews and document checks. This commitment to trustworthiness has fostered a community of thousands of registered members. Additionally, Nannuka offers tailored benefits packages for employers through its Nannuka@Work initiative, while also providing marketing and recruiting assistance to care businesses. Headquartered in Dublin, Ireland, Nannuka operates offices in Athens, Milan, and the London area, connecting parents with a wide array of care providers across Europe.

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.

Spotawheel

Seed Round in 2016
Spotawheel is a tech-driven dealership that specializes in the buying and selling of used cars, established in 2015 and headquartered in Nea Ionia, Greece. The company operates in Greece and Poland, providing a transparent online platform for second-hand vehicles. Spotawheel offers a curated inventory of fully inspected cars, which are available for both purchase and subscription leasing. The platform incorporates predictive analytics to help users identify and monitor potential faults in vehicles. Additionally, Spotawheel enhances the buying experience by offering various add-ons such as financing, insurance, warranty, and after-sales support, enabling customers to make informed and confident decisions when purchasing used cars.

ReEmbed

Seed Round in 2016
reEmbed is a cloud-hosted platform founded in 2014 and headquartered in Athens, Greece, that specializes in providing custom video player solutions. The platform supports video embeds from popular sources such as YouTube, Vimeo, and Dailymotion, as well as HTML5 videos. Users can create personalized video players through an intuitive wizard, allowing them to select styles, incorporate logos, and customize colors to align with their brand identity. In addition to video management, reEmbed offers real-time analytics to track performance metrics such as impressions, plays, and completions. The platform also enhances user engagement and site traffic through content recommendation widgets and features that notify users about broken videos, ensuring a seamless viewing experience across mobile and tablet devices.

Funkmartini

Seed Round in 2016
Funkmartini is an online platform based in Athens, Greece, that facilitates the booking and scheduling of beauty appointments. Founded in 2013, the platform allows users to make appointments for various beauty services, including haircuts, manicures, pedicures, and massages, through computers, tablets, or mobile devices. Funkmartini collaborates with over 1,000 beauty salons and professionals, offering a convenient service for both men and women. Additionally, the platform features a rewards system where customers can collect points for a monthly beauty draw, enhancing the user experience and encouraging repeat bookings.

Douleutaras

Seed Round in 2016
Douleutaras, also known internationally as Easyhero, is the leading professional services marketplace in Greece and Cyprus. The company addresses the challenges of finding qualified professionals for various home services through its online platform. Users can access a wide range of services, including repairs for domestic appliances, electrical and plumbing work, renovations, as well as legal, accounting, photography, and translation services. The platform allows freelancers to create profiles and receive bids for jobs they choose to pursue. In addition to its strong position in the local market, Douleutaras has begun an international expansion to capture a share of the €250 billion professional services market in Europe.

Flashchat

Angel Round in 2016
Flashchat is a technology company that specializes in developing a messenger chatbot aimed at automating customer support and sales for e-commerce businesses. Founded in 2016 and based in Athens, Greece, Flashchat's platform integrates with Facebook to manage customer interactions efficiently. It automates responses to frequently asked questions, assists users in navigating products and services, and streamlines processes such as product ordering and promotions. Unlike other platforms, Flashchat enables merchants to synchronize their stores with Facebook inboxes and comments, allowing for automatic responses to incoming inquiries. This capability helps convert social media interactions into sales opportunities. Additionally, Flashchat provides analytics tools that allow businesses to monitor audience engagement and leverage data from automated conversations to execute targeted marketing campaigns, ultimately driving traffic and increasing sales.

Blueground

Seed Round in 2016
Blueground is a hospitality company specializing in the leasing and management of fully furnished residential properties across Greece, Turkey, and the United Arab Emirates. Founded in 2013 and headquartered in Kifisia, Greece, the company focuses on providing high-quality accommodations for corporate travelers, expatriates, and leisure guests. By leveraging a combination of local expertise, thoughtful design, and technology, Blueground offers a seamless living experience that allows clients to access apartments on flexible terms. Its platform is designed to meet the diverse needs of modern travelers, ensuring that guests enjoy comfortable, well-equipped homes during their stay.

Pockee

Seed Round in 2016
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.

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.

Nannuka

Seed Round in 2015
Nannuka.com is an online marketplace established in 2014 that addresses the care needs of families, caregivers, and care service companies. Originating from the efforts of three mothers seeking reliable childcare solutions, Nannuka has grown to become a leading platform in Greece, Italy, and the UK, catering to a diverse range of services including child care, senior care, and housekeeping. The platform distinguishes itself by emphasizing safety and support, ensuring that every caregiver undergoes a thorough profile verification process involving personal interviews and document checks. This commitment to trustworthiness has fostered a community of thousands of registered members. Additionally, Nannuka offers tailored benefits packages for employers through its Nannuka@Work initiative, while also providing marketing and recruiting assistance to care businesses. Headquartered in Dublin, Ireland, Nannuka operates offices in Athens, Milan, and the London area, connecting parents with a wide array of care providers across Europe.
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