Openfund

Openfund appeared to be the VC, which was created in 2009. The leading representative office of defined VC is situated in the Athens. The company was established in Europe in Greece.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - Greece. Among the various public portfolio startups of the fund, we may underline Workable, Fieldscale, Welcome Pickups Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. The fund has specific favorite in a number of founders of portfolio startups. If startup sums 1 or 5+ of the founder, the chance for it to be financed is low. We can highlight the next thriving fund investment areas, such as Wireless, Software.

The typical startup value when the investment from Openfund is 100 thousands - 1 million dollars. This Openfund works on 20 percentage points less the average amount of lead investments comparing to the other organizations. The fund is constantly included in 2-6 investment rounds annually. The high activity for fund was in 2015. Despite it in 2019 the fund had an activity. The usual things for fund are deals in the range of 100 thousands - 1 million dollars. The higher amount of exits for fund were in 2017. Considering the real fund results, this VC is 7 percentage points less often commits exit comparing to other organizations.

The typical case for the fund is to invest in rounds with 1-2 participants. Despite the Openfund, startups are often financed by VentureFriends, Melih Odemis, 83North. The meaningful sponsors for the fund in investment in the same round are VentureFriends, Melih Odemis, Dimitris Vranopoulos. In the next rounds fund is usually obtained by VentureFriends, 83North, Threshold.

This organization was formed by George Tziralis. The overall number of key employees were 5.

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