VentureFriends

VentureFriends is a venture capital fund based in Athens, Greece, established in 2016. The firm specializes in seed-stage investments in tech-enabled B2C and B2B startups, focusing on sectors such as PropTech, FinTech, Marketplaces, TravelTech, and SaaS, among others. VentureFriends typically invests between €0.3 million and €2.5 million, with the potential for follow-on investments totaling €5 million to €10 million. The fund primarily targets startups in Europe and emphasizes an entrepreneurial approach, as it is founded by former entrepreneurs and angel investors.

Apostolos Apostolakis

Partner and Co-Founder

Michal Bas

Principal

George Dimopoulos

Partner and Co-Founder

George Karabelas

Associate

Alistair Owen

Principal

Pavlos Pavlakis

Principal

Fivos Tsoukatos

Principal

Past deals in HoReCa

Spotawheel

Series B in 2022
Spotawheel is a technology-driven dealership specializing in used cars, founded in 2015 and headquartered in Nea Ionia, Greece. The company operates primarily in Greece and Poland, focusing on providing customers with a trustworthy platform for purchasing certified pre-owned vehicles. Spotawheel aims to enhance customer confidence by ensuring that only high-quality cars are available for sale. By leveraging technology, the company seeks to streamline the buying process and improve the overall experience for consumers in the used car market.

Blueground

Series C in 2021
Blueground is a corporate hospitality company that specializes in leasing and managing fully furnished residential properties for corporate travelers, expatriates, and leisure visitors. Founded in 2013 and based in Kifisia, Greece, the company has expanded its operations to twelve cities, including New York, Los Angeles, and Dubai, offering over 3,500 apartments. Blueground aims to provide a seamless living experience through its tech-powered platform, which combines real estate expertise, design, and local knowledge. The company caters to diverse rental needs, offering accommodations for durations ranging from a month to a year or more. With aspirations to expand to 50 cities and manage a portfolio of over 50,000 apartments worldwide, Blueground is focused on making its guests feel at home wherever they choose to live.

BibeCoffee

Seed Round in 2020
BibeCoffee develops a hardware device that monitors coffee machines and transforms them into smart connected terminals. The company offers IoT real-time monitoring solutions for every coffee machine that ensures zero revenue loss and streamlines activities. It serves roasters and distributors; coffee machine makers and maintenance companies; coffee chains; and coffee shop owners. The company was founded in 2018 and is based in Athens, Greece.

Spotawheel

Venture Round in 2020
Spotawheel is a technology-driven dealership specializing in used cars, founded in 2015 and headquartered in Nea Ionia, Greece. The company operates primarily in Greece and Poland, focusing on providing customers with a trustworthy platform for purchasing certified pre-owned vehicles. Spotawheel aims to enhance customer confidence by ensuring that only high-quality cars are available for sale. By leveraging technology, the company seeks to streamline the buying process and improve the overall experience for consumers in the used car market.

Spotawheel

Series A in 2020
Spotawheel is a technology-driven dealership specializing in used cars, founded in 2015 and headquartered in Nea Ionia, Greece. The company operates primarily in Greece and Poland, focusing on providing customers with a trustworthy platform for purchasing certified pre-owned vehicles. Spotawheel aims to enhance customer confidence by ensuring that only high-quality cars are available for sale. By leveraging technology, the company seeks to streamline the buying process and improve the overall experience for consumers in the used car market.

Spotawheel

Seed Round in 2019
Spotawheel is a technology-driven dealership specializing in used cars, founded in 2015 and headquartered in Nea Ionia, Greece. The company operates primarily in Greece and Poland, focusing on providing customers with a trustworthy platform for purchasing certified pre-owned vehicles. Spotawheel aims to enhance customer confidence by ensuring that only high-quality cars are available for sale. By leveraging technology, the company seeks to streamline the buying process and improve the overall experience for consumers in the used car market.

MyJobNow

Seed Round in 2019
myjobnow Inc develops an application that enables the workers to find jobs. The application provides features that include make resume, make business profile, find jobs, and chat with employers. It additionally enables employers to review, assess, and book interviews with their applicants. The company was founded in 2018 and is based in Athens, Greece.

Home Made

Seed Round in 2018
Home Made is a hybrid lettings agency that combines the service quality of traditional estate agents with the efficiency of an online platform, focusing on mid to high-value rental properties in London. The agency offers a comprehensive, transparent lettings service for a fixed fee of £948 plus VAT, which is among the lowest in the market. Utilizing in-house developed technology and significant investments in data analytics, Home Made equips landlords with tools to manage their properties effectively, from marketing to tenant move-in. This approach enables landlords to achieve rental yields that are 8% to 10% higher than those offered by competitors, ensuring a streamlined and trustworthy experience for renters.

Blueground

Venture Round in 2018
Blueground is a corporate hospitality company that specializes in leasing and managing fully furnished residential properties for corporate travelers, expatriates, and leisure visitors. Founded in 2013 and based in Kifisia, Greece, the company has expanded its operations to twelve cities, including New York, Los Angeles, and Dubai, offering over 3,500 apartments. Blueground aims to provide a seamless living experience through its tech-powered platform, which combines real estate expertise, design, and local knowledge. The company caters to diverse rental needs, offering accommodations for durations ranging from a month to a year or more. With aspirations to expand to 50 cities and manage a portfolio of over 50,000 apartments worldwide, Blueground is focused on making its guests feel at home wherever they choose to live.

Douleutaras

Venture Round in 2017
Douleutaras.Com Limited operates an online platform that connects employers with freelancers, facilitating the provision of a diverse range of professional services. Founded in 2013 and based in London, the company has established itself as a market leader in Greece and Cyprus, addressing significant barriers to industry growth with a high-quality product. The platform enables users to find suitable professionals for various home services, including repairs, renovations, and technical work, as well as legal, accounting, photography, and translation services. Freelancers can create profiles and receive bids for jobs, fostering a competitive environment that benefits both service providers and customers. With plans for international expansion, Douleutaras aims to tap into the extensive European market, valued at €250 billion.

Project Agora

Series B in 2017
Project Agora is a company that specializes in enhancing ad inventory monetization for local publishers, particularly in emerging markets. Founded on December 1, 2014, and headquartered in Athens, Attiki, it operates as a spin-off from TDG, a prominent digital marketing agency in Central and Eastern Europe and the Middle East. Over its 18 months of operation, Project Agora has partnered with 330 leading media outlets, managed over one billion ad impressions, and collaborated with numerous advertisers. Its technology platform enables local publishers to maximize the value derived from their visitor traffic, allowing them to reinvest in content and services that benefit their communities.

Spotawheel

Seed Round in 2017
Spotawheel is a technology-driven dealership specializing in used cars, founded in 2015 and headquartered in Nea Ionia, Greece. The company operates primarily in Greece and Poland, focusing on providing customers with a trustworthy platform for purchasing certified pre-owned vehicles. Spotawheel aims to enhance customer confidence by ensuring that only high-quality cars are available for sale. By leveraging technology, the company seeks to streamline the buying process and improve the overall experience for consumers in the used car market.

e-table

Seed Round in 2017
e-table.gr is an innovative online platform that enables users to discover restaurants and make reservations effortlessly, available 24/7. The service is free of charge and does not require a credit card, offering users exclusive privileges and discounts. Recognizing a gap between customer expectations and the technological capabilities of many restaurants, e-table serves as a bridge by providing a sophisticated platform that enhances the dining experience for customers while allowing restaurants to embrace digital marketing with minimal effort and cost. Founded on September 1, 2014, by George Arfaras and Kostas Saridakis, e-table is headquartered in Moschato, Greece. The platform caters particularly to a younger demographic that values the convenience of planning dining experiences through digital devices.

Home Run

Seed Round in 2017
Home Run is a real-time online grocery fulfillment service that enables retailers to deliver groceries to customers more efficiently and cost-effectively. Founded in 2014 and headquartered in London, the platform allows users to access a variety of supermarkets through its website and mobile app. Customers can easily fill their baskets and have their orders delivered to their doorstep in as little as 60 minutes, ensuring quick access to fresh groceries. Home Run's service is designed to save time for users while expanding the reach of participating retailers.

Blueground

Series A in 2017
Blueground is a corporate hospitality company that specializes in leasing and managing fully furnished residential properties for corporate travelers, expatriates, and leisure visitors. Founded in 2013 and based in Kifisia, Greece, the company has expanded its operations to twelve cities, including New York, Los Angeles, and Dubai, offering over 3,500 apartments. Blueground aims to provide a seamless living experience through its tech-powered platform, which combines real estate expertise, design, and local knowledge. The company caters to diverse rental needs, offering accommodations for durations ranging from a month to a year or more. With aspirations to expand to 50 cities and manage a portfolio of over 50,000 apartments worldwide, Blueground is focused on making its guests feel at home wherever they choose to live.

Project Agora

Series A in 2016
Project Agora is a company that specializes in enhancing ad inventory monetization for local publishers, particularly in emerging markets. Founded on December 1, 2014, and headquartered in Athens, Attiki, it operates as a spin-off from TDG, a prominent digital marketing agency in Central and Eastern Europe and the Middle East. Over its 18 months of operation, Project Agora has partnered with 330 leading media outlets, managed over one billion ad impressions, and collaborated with numerous advertisers. Its technology platform enables local publishers to maximize the value derived from their visitor traffic, allowing them to reinvest in content and services that benefit their communities.

Spotawheel

Seed Round in 2016
Spotawheel is a technology-driven dealership specializing in used cars, founded in 2015 and headquartered in Nea Ionia, Greece. The company operates primarily in Greece and Poland, focusing on providing customers with a trustworthy platform for purchasing certified pre-owned vehicles. Spotawheel aims to enhance customer confidence by ensuring that only high-quality cars are available for sale. By leveraging technology, the company seeks to streamline the buying process and improve the overall experience for consumers in the used car market.

Funkmartini

Seed Round in 2016
Funkmartini is an online booking platform for beauty services that provides an opportunity for its users to make their beauty appointments online via their computers, tablets, or mobiles. It currently collaborates with more than 1000 beauty salons and professionals. Funkmartini is based in Athens, Attiki.

Home Run

Pre Seed Round in 2016
Home Run is a real-time online grocery fulfillment service that enables retailers to deliver groceries to customers more efficiently and cost-effectively. Founded in 2014 and headquartered in London, the platform allows users to access a variety of supermarkets through its website and mobile app. Customers can easily fill their baskets and have their orders delivered to their doorstep in as little as 60 minutes, ensuring quick access to fresh groceries. Home Run's service is designed to save time for users while expanding the reach of participating retailers.

Douleutaras

Seed Round in 2016
Douleutaras.Com Limited operates an online platform that connects employers with freelancers, facilitating the provision of a diverse range of professional services. Founded in 2013 and based in London, the company has established itself as a market leader in Greece and Cyprus, addressing significant barriers to industry growth with a high-quality product. The platform enables users to find suitable professionals for various home services, including repairs, renovations, and technical work, as well as legal, accounting, photography, and translation services. Freelancers can create profiles and receive bids for jobs, fostering a competitive environment that benefits both service providers and customers. With plans for international expansion, Douleutaras aims to tap into the extensive European market, valued at €250 billion.

Blueground

Seed Round in 2016
Blueground is a corporate hospitality company that specializes in leasing and managing fully furnished residential properties for corporate travelers, expatriates, and leisure visitors. Founded in 2013 and based in Kifisia, Greece, the company has expanded its operations to twelve cities, including New York, Los Angeles, and Dubai, offering over 3,500 apartments. Blueground aims to provide a seamless living experience through its tech-powered platform, which combines real estate expertise, design, and local knowledge. The company caters to diverse rental needs, offering accommodations for durations ranging from a month to a year or more. With aspirations to expand to 50 cities and manage a portfolio of over 50,000 apartments worldwide, Blueground is focused on making its guests feel at home wherever they choose to live.

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 real discounts on everyday grocery shopping. The platform allows users to access coupons for various products, including food items, personal care products, and essentials for children and pets, all through their mobile devices, eliminating the need for printed coupons. Launched in August 2014 after receiving seed funding, Pockee offers tools for brands and retailers to engage with consumers at critical decision-making moments, helping to enhance brand and retailer preference. Additionally, the service provides features such as cashback rewards and alerts for product offers, enabling customers to manage their grocery spending effectively.
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