Openfund

Openfund is a Greece-based venture capital firm focusing on seed and early-stage technology startups in software, mobile, and web sectors. Based in Athens, it provides seed investments and incubation support and pursues follow-on and Series A financing. It targets global investments in companies registered in Greece and typically commits between €0.05 million and €0.75 million in seed rounds, with smaller pre-seed investments starting at €0.05 million. It seeks an equity stake around 15% in portfolio companies, with portions allocated to the executive board and other investors. Exits occur after about five months, typically by selling the stake to management or to the next round's investors.

Georgios Kasselakis

Co-Founder and Partner

Constantine Pateras

Partner

Past deals in Greece

Welcome Pickups

Series A in 2019
Welcome Pickups operates an online platform that builds in-destination travel communities by connecting travelers with local residents who provide private rides, guidance, and curated experiences. The service enables frictionless, safe, and fairly priced transportation from arrival to departure, with drivers who act as tour guides and can arrange tickets and locally tailored activities. The platform emphasizes a friendly, personalized travel experience through locally sourced recommendations and pre-arranged services, helping travelers navigate destinations with trusted on-the-ground support. Founded in 2015 in Athens, the company focuses on simplifying travel by linking visitors with locals to enhance safety, convenience, and immersion.

Welcome Pickups

Venture Round in 2017
Welcome Pickups operates an online platform that builds in-destination travel communities by connecting travelers with local residents who provide private rides, guidance, and curated experiences. The service enables frictionless, safe, and fairly priced transportation from arrival to departure, with drivers who act as tour guides and can arrange tickets and locally tailored activities. The platform emphasizes a friendly, personalized travel experience through locally sourced recommendations and pre-arranged services, helping travelers navigate destinations with trusted on-the-ground support. Founded in 2015 in Athens, the company focuses on simplifying travel by linking visitors with locals to enhance safety, convenience, and immersion.

Fieldscale

Seed Round in 2016
Fieldscale is a company based in Thessaloniki, Greece, specializing in the development of simulation software solutions for the touch sensor industry. Founded in 2015, Fieldscale offers SENSE, a cloud-based platform that provides advanced capacitive touch sensor simulation for electric design and analysis. The software incorporates sophisticated algorithms within an intuitive user interface, allowing engineers to perform electric field analyses and optimize sensor designs efficiently. It enables the detection of dielectric breakdowns, partial discharges, and assessments of lightning strike phenomena. By facilitating thousands of analyses and various scenarios within a single day, Fieldscale empowers engineers to enhance their designs while reducing power consumption, ultimately leading to faster and more effective product development.

Welcome Pickups

Seed Round in 2016
Welcome Pickups operates an online platform that builds in-destination travel communities by connecting travelers with local residents who provide private rides, guidance, and curated experiences. The service enables frictionless, safe, and fairly priced transportation from arrival to departure, with drivers who act as tour guides and can arrange tickets and locally tailored activities. The platform emphasizes a friendly, personalized travel experience through locally sourced recommendations and pre-arranged services, helping travelers navigate destinations with trusted on-the-ground support. Founded in 2015 in Athens, the company focuses on simplifying travel by linking visitors with locals to enhance safety, convenience, and immersion.

Welcome Pickups

Seed Round in 2015
Welcome Pickups operates an online platform that builds in-destination travel communities by connecting travelers with local residents who provide private rides, guidance, and curated experiences. The service enables frictionless, safe, and fairly priced transportation from arrival to departure, with drivers who act as tour guides and can arrange tickets and locally tailored activities. The platform emphasizes a friendly, personalized travel experience through locally sourced recommendations and pre-arranged services, helping travelers navigate destinations with trusted on-the-ground support. Founded in 2015 in Athens, the company focuses on simplifying travel by linking visitors with locals to enhance safety, convenience, and immersion.

Fieldscale

Seed Round in 2015
Fieldscale is a company based in Thessaloniki, Greece, specializing in the development of simulation software solutions for the touch sensor industry. Founded in 2015, Fieldscale offers SENSE, a cloud-based platform that provides advanced capacitive touch sensor simulation for electric design and analysis. The software incorporates sophisticated algorithms within an intuitive user interface, allowing engineers to perform electric field analyses and optimize sensor designs efficiently. It enables the detection of dielectric breakdowns, partial discharges, and assessments of lightning strike phenomena. By facilitating thousands of analyses and various scenarios within a single day, Fieldscale empowers engineers to enhance their designs while reducing power consumption, ultimately leading to faster and more effective product development.

Talos Avionics

Seed Round in 2015
Talos Avionics, based in Heraklion, Greece, specializes in developing avionics systems using portable devices like tablets and smartphones. The company's primary products include A-EFIS (Artificial Electronic Flight Instrument System) for Android devices and a WiFi pressure sensor box enabling tablet-based ADAHRS (Air Data Attitude Heading Reference System) glass cockpits. Talos Avionics focuses on research and development, aiming to integrate advanced sensor technology into avionics, enhancing safety and accuracy in aviation. The company sells its products through distributors in the United States.

Welcome Pickups

Seed Round in 2015
Welcome Pickups operates an online platform that builds in-destination travel communities by connecting travelers with local residents who provide private rides, guidance, and curated experiences. The service enables frictionless, safe, and fairly priced transportation from arrival to departure, with drivers who act as tour guides and can arrange tickets and locally tailored activities. The platform emphasizes a friendly, personalized travel experience through locally sourced recommendations and pre-arranged services, helping travelers navigate destinations with trusted on-the-ground support. Founded in 2015 in Athens, the company focuses on simplifying travel by linking visitors with locals to enhance safety, convenience, and immersion.

Balena

Series A in 2015
Balena is a technology company that provides a complete set of tools and infrastructure for building, deploying, and managing fleets of connected IoT devices. Its platform enables fleet owners to develop applications, deploy firmware using Linux containers and open technologies, provision devices, collect logs, and perform cross-compilation, while supporting any Linux-supported language, library, and API on embedded products. Devices and their services can be managed, monitored, and updated through a web dashboard, API, CLI, or SDK. The platform is used across industries such as connected homes, manufacturing, logistics, marketing, and retail. Balena was established in 2013 and is headquartered in Seattle, with additional offices in Greece and the United Kingdom.

Forky

Seed Round in 2015
Forky is a food delivery service based in Athens, Greece, that operates through a mobile app and web portal. The company offers a diverse menu, including dishes, salads, accompaniments, refreshments, and ice cream, sourced from various restaurants. By providing a convenient platform for food delivery, Forky enables customers to easily select and receive their favorite meals at their doorstep, all within minutes. Additionally, the company incorporates payment method services, streamlining the ordering process for its users.

Pockee

Seed Round in 2015
Pockee is a mobile coupon platform based in Athens, Greece, that specializes in providing discounts for fast-moving consumer goods (FMCG). The company connects brands with national retailers, allowing consumers to access real discounts on their grocery shopping through a digital interface, eliminating the need for paper coupons. Pockee's platform offers a diverse range of products, including food items like juices and snacks, as well as personal care and household goods. In addition to discounts, Pockee enables consumers to manage their spending effectively and earn cashback, while also providing alerts for products of interest when they go on sale. Launched in August 2014, Pockee aims to enhance the shopping experience by facilitating direct engagement between brands and consumers at crucial purchasing moments.

Longaccess

Seed Round in 2015
Longaccess is an Athens, Greece-based startup that is developing a service to preserve personal digital archives for the long term future.

Incelligent

Seed Round in 2014
Incelligent is a Greek company that develops software for managing Web-based wireless and mobile broadband networks. It uses machine learning algorithms and big data analytics to optimize network performance, predict future situations, and provide real-time recommendations.

Fieldscale

Seed Round in 2014
Fieldscale is a company based in Thessaloniki, Greece, specializing in the development of simulation software solutions for the touch sensor industry. Founded in 2015, Fieldscale offers SENSE, a cloud-based platform that provides advanced capacitive touch sensor simulation for electric design and analysis. The software incorporates sophisticated algorithms within an intuitive user interface, allowing engineers to perform electric field analyses and optimize sensor designs efficiently. It enables the detection of dielectric breakdowns, partial discharges, and assessments of lightning strike phenomena. By facilitating thousands of analyses and various scenarios within a single day, Fieldscale empowers engineers to enhance their designs while reducing power consumption, ultimately leading to faster and more effective product development.

Pockee

Seed Round in 2014
Pockee is a mobile coupon platform based in Athens, Greece, that specializes in providing discounts for fast-moving consumer goods (FMCG). The company connects brands with national retailers, allowing consumers to access real discounts on their grocery shopping through a digital interface, eliminating the need for paper coupons. Pockee's platform offers a diverse range of products, including food items like juices and snacks, as well as personal care and household goods. In addition to discounts, Pockee enables consumers to manage their spending effectively and earn cashback, while also providing alerts for products of interest when they go on sale. Launched in August 2014, Pockee aims to enhance the shopping experience by facilitating direct engagement between brands and consumers at crucial purchasing moments.

Total Eclipse

Seed Round in 2013
Total Eclipse Ltd. is a game development studio based in Thessaloniki, Greece, established in 2004 by brothers Argiris and Dimitrios Bendilas. The company specializes in designing and developing casual games for various platforms, including PC, Mac, Linux, and iPhone/iPad. Total Eclipse aims to create innovative and engaging experiences that are both easy to learn and addictive. With a small yet dedicated team, the studio has produced seven original games to date, with its most recognized work being The Clockwork Man franchise, which features two Hidden Object/Adventure games and a related puzzle game, A Clockwork Brain. The company's products are distributed through major digital channels and retail outlets, catering to a global audience.

Longaccess

Seed Round in 2013
Longaccess is an Athens, Greece-based startup that is developing a service to preserve personal digital archives for the long term future.

Beat

Seed Round in 2011
Beat is a ride-hailing application that connects passengers with nearby drivers in real time, offering a new and efficient transportation experience. Founded in 2011 and acquired by mytaxi in 2017, Beat enables users to request rides 24/7 through its mobile platform, which is compatible with both iOS and Android devices. The app allows passengers to either accept a driver selected by the platform or choose from available drivers based on user ratings and other criteria. Currently, Beat operates in several cities, including Athens, Lima, Santiago, and Bogota, with plans for further expansion in South America.

Listiki

Seed Round in 2010
Listiki lets you find, make and share lists of stuff you care about. The company is based in Cyprus and is co-founded by Alex Schleifer, Constantinos Demetriadis and Davina Economou Listiki has received seed funding from Athens, Greece-based OpenFund.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.