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Openfund

Investor type Micro VC
Founders George Tziralis

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 46
Average round size
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The average size of a deal this fund participated in
$624K
Portfolio companies 29
Rounds per year 3.54
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.37
Exits 4
Key employees 5
Stages of investment
Seed

Areas of investment

  • Travel
  • Software
  • SaaS
  • Internet
  • Mobile
Summary

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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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Openfund:
Typical Co-investors
Openfund is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Openfund:

Funds with similar focus

Funds from Greece
Funds with similar focus located in Greece:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
There are no funds here. If we find new data, we will add it here.
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Welcome Pickups

Transportation
Travel
$3M20 Mar 2019 Athens, Attica, Greece

Welcome Pickups

Transportation
Travel
$2M17 Oct 2017 Athens, Attica, Greece

100mentors

Communities
Education
Music
Online Portals
Universities
$590K15 Nov 2016 England

Goodvidio

E-Commerce
Video
$600K04 Nov 2016 Thessaloniki Municipal Unit, Macedonia and Thrace

Fieldscale

Analytics
Simulation
Software
$649K20 Jul 2016 Thessaloniki Municipal Unit, Macedonia and Thrace

Welcome Pickups

Transportation
Travel
$472K15 Jun 2016 Athens, Attica, Greece

Welcome Pickups

Transportation
Travel
$500K01 Nov 2015 Athens, Attica, Greece

Fieldscale

Analytics
Simulation
Software
$177K20 May 2015 Thessaloniki Municipal Unit, Macedonia and Thrace

TalosAvionics

Aerospace
Operating Systems
Sensor
$236K11 May 2015 Region of Crete, Greece

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