VentureFriends

VentureFriends is a venture capital investment firm established in 2016 and based in Athens, Greece. The firm specializes in seed-stage investments in tech-enabled companies across various sectors, including property technology, fintech, marketplaces, logistics tech, and healthcare, among others. It primarily focuses on startups that demonstrate the potential for sustainable growth and competitive advantages. VentureFriends typically invests between €0.3 million and €2.5 million in its initial rounds, with the capability to follow up with additional investments totaling between €5 million and €10 million. The firm is founded by former entrepreneurs and angel investors, fostering an entrepreneurial and founder-friendly approach to investment. While its primary focus is on European startups, it also considers opportunities in the Middle East and North Africa.

Apostolakis, Apostolos

Partner and Co-Founder

Dimopoulos, George

Partner and Co-Founder

George Karabelas

Associate

Alistair Owen

Principal

Pavlos Pavlakis

Principal

Fivos Tsoukatos

Principal

Past deals in HoReCa

Blueground

Series C in 2021
Blueground is a proptech company that is reinventing the way people live by making apartments available where they want, when they want, and on the terms they want. They offer fully-furnished homes with on-the-ground support for business travel needs.

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.

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.

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.

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.

Home Made

Seed Round in 2018
Home Made is a hybrid lettings agency, offering the superior end-to-end service of a top high-street estate agent but at a low online fee. It is focused on mid to high value rental properties in London and charge a fixed, success based fee of £948+VAT, the lowest in the market. Their comprehensive lettings service is simple, fair and transparent, and is underpinned by market-leading technology developed in-house. They also invest heavily in data analytics and this, combined with various proprietary property marketing tools, allows us to achieve a 8% – 10% higher rental yield for their customers compared to other estate agencies. Read more about us on www.home-made.com

Blueground

Venture Round in 2018
Blueground is a proptech company that is reinventing the way people live by making apartments available where they want, when they want, and on the terms they want. They offer fully-furnished homes with on-the-ground support for business travel needs.

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.

Project Agora

Series B in 2017
Project Agora is a technology company that supports approximately 3,000 media owners worldwide by providing a platform that automates the discovery, integration, and monitoring of essential digital tools. The company's solutions are designed to help local publishers in emerging markets maximize their revenue potential, allowing them to reinvest in content and services that benefit their communities. By employing a diverse technology stack, Project Agora enables these publishers to enhance their customer engagement and drive profitability. Recognized as one of the fastest-growing companies in Europe by the Financial Times in 2022 and 2023, Project Agora continues to play a significant role in empowering local media businesses.

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.

Home Run

Seed Round in 2017
Home Run is a real-time online grocery fulfillment service founded in 2014 and headquartered in London, England. The platform allows customers to order their favorite groceries from various supermarkets through its website and mobile app. With a focus on efficiency, Home Run offers delivery within as little as 60 minutes, enabling users to receive fresh groceries quickly and conveniently. By helping retailers expand their reach, Home Run aims to make grocery shopping faster and more affordable for consumers.

Blueground

Series A in 2017
Blueground is a proptech company that is reinventing the way people live by making apartments available where they want, when they want, and on the terms they want. They offer fully-furnished homes with on-the-ground support for business travel needs.

Project Agora

Series A in 2016
Project Agora is a technology company that supports approximately 3,000 media owners worldwide by providing a platform that automates the discovery, integration, and monitoring of essential digital tools. The company's solutions are designed to help local publishers in emerging markets maximize their revenue potential, allowing them to reinvest in content and services that benefit their communities. By employing a diverse technology stack, Project Agora enables these publishers to enhance their customer engagement and drive profitability. Recognized as one of the fastest-growing companies in Europe by the Financial Times in 2022 and 2023, Project Agora continues to play a significant role in empowering local media businesses.

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.

Home Run

Pre Seed Round in 2016
Home Run is a real-time online grocery fulfillment service founded in 2014 and headquartered in London, England. The platform allows customers to order their favorite groceries from various supermarkets through its website and mobile app. With a focus on efficiency, Home Run offers delivery within as little as 60 minutes, enabling users to receive fresh groceries quickly and conveniently. By helping retailers expand their reach, Home Run aims to make grocery shopping faster and more affordable for consumers.

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.

Blueground

Seed Round in 2016
Blueground is a proptech company that is reinventing the way people live by making apartments available where they want, when they want, and on the terms they want. They offer fully-furnished homes with on-the-ground support for business travel needs.

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.
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