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VentureFriends

Founders Apostolos Apostolakis George Dimopoulos

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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.

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Total investments 102
Average round size
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The average size of a deal this fund participated in
$14M
Portfolio companies 55
Rounds per year 12.75
Lead investments 16
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.44
Exits 3
Key employees 2
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Financial Services
  • FinTech
  • Software
  • Real Estate
  • E-Commerce
Summary

VentureFriends is the famous VC, which was founded in 2016. The fund was located in Europe if to be more exact in Greece. The main office of represented VC is situated in the Athens.

Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight AdEspresso, accusonus, Douleutaras. The fund has exact preference in a number of founders of portfolio startups. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Greece. Among the most popular fund investment industries, there are Real Estate, Internet.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the VentureFriends, startups are often financed by Openfund, Apostolos Apostolakis, PJ Tech Catalyst. The meaningful sponsors for the fund in investment in the same round are IQbility, PJ Tech Catalyst, Openfund. In the next rounds fund is usually obtained by Openfund, Jabbar Internet Group, WestCap.

The real fund results show that this VC is 28 percentage points more often commits exit comparing to other companies. The top activity for fund was in 2016. Despite it in 2019 the fund had an activity. The top amount of exits for fund were in 2017. The common things for fund are deals in the range of 1 - 5 millions dollars. Comparing to the other companies, this VentureFriends performs on 27 percentage points less the average number of lead investments. When the investment is from VentureFriends the average startup value is 10-50 millions dollars. The fund is generally included in 7-12 deals every year.

The current fund was established by Apostolos Apostolakis, George Dimopoulos. The overall number of key employees were 2.

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Typical Co-investors
VentureFriends 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 VentureFriends:

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Funds from Greece
Funds with similar focus located in Greece:
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Funds doing lead investments
Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

MoneyHash

Financial Services
Payments
$4M27 Feb 2024 San Francisco, California, United States

Measurlabs

E-Commerce
Trading Platform
$2M01 Sep 2023 Helsinki, Southern Finland, Finland

Embla

Health Care
Medical
Wellness
$11M23 Aug 2023 Copenhagen, Hovedstaden, Denmark

Embat

Financial Services
FinTech
SaaS
Software
$5M26 Jun 2023 Madrid, Madrid, Spain

Barte

Financial Services
FinTech
$3M06 Mar 2023 Sao Paulo, São Paulo, Brazil

THE ALPHS

Crowdsourcing
Delivery
E-Commerce
Internet
Retail
$500K09 Feb 2023 Milan, Lombardy, Italy

FinanEx

Financial Services
FinTech
$1M03 Feb 2023 Hollywood, Florida, United States

BibeCoffee

Big Data
Coffee
Hardware
Internet of Things
Software
$2M25 Jan 2023 Athens, Attica, Greece

Harbor Lab

Information Technology
Software
$7M07 Dec 2022 Athens, Attiki, Greece
News
Blueground Raises $180 Million in New Funding to Accelerate Growth as Demand Rises for Flexible Rentals

– Blueground announced that it has raised $180m in Series C financing.
– In this round, Blueground raised $140m in equity financing led by WestCap, with participation from Geolo Capital, VentureFriends, and Prime Ventures.
– In addition, Blueground raised a $40m debt facility from Silicon Valley Bank.
– Together with this new round, Blueground has raised a total of $258m.
– With more than 5,000 apartments across 15 major cities globally, Blueground is reinventing the future of living by making apartments available globally for people where they want, when they want, on the terms they want.
– Through its network of beautifully designed and fully furnished apartments, guests are able to stay in some of the most desirable neighborhoods and cities throughout the world for a month, a year, or more.

Agro.Club Raises $5M to Accelerate International Expansion of Its Cloud-Based Agriculture Solutions With Embedded Finance

– Agr.Club announced a $20m Series A financing round.
– The round was led by Rabo Frontier Ventures and VentureFriends, with participation from Speedinvest and Elevator Ventures, as well as a number of agriculture industry executives.
– Agro.Club is used by seed, crop protection, animal nutrition companies, as well as other suppliers, to manage their sales and marketing campaigns with distributors and farmers from start to finish.

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Total investments 102
Average round size 14M
Rounds per year 12.75
Peak activity year 2016
Lead investments 16
Follow on index 0.44
Exits 3
Group Appearance index 0.78

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

MoneyHash

Financial Services
Payments
$4M27 Feb 2024 San Francisco, California, United States

Measurlabs

E-Commerce
Trading Platform
$2M01 Sep 2023 Helsinki, Southern Finland, Finland

Embla

Health Care
Medical
Wellness
$11M23 Aug 2023 Copenhagen, Hovedstaden, Denmark

Embat

Financial Services
FinTech
SaaS
Software
$5M26 Jun 2023 Madrid, Madrid, Spain

Barte

Financial Services
FinTech
$3M06 Mar 2023 Sao Paulo, São Paulo, Brazil

THE ALPHS

Crowdsourcing
Delivery
E-Commerce
Internet
Retail
$500K09 Feb 2023 Milan, Lombardy, Italy

FinanEx

Financial Services
FinTech
$1M03 Feb 2023 Hollywood, Florida, United States

BibeCoffee

Big Data
Coffee
Hardware
Internet of Things
Software
$2M25 Jan 2023 Athens, Attica, Greece

Harbor Lab

Information Technology
Software
$7M07 Dec 2022 Athens, Attiki, Greece
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