VentureFriends

2016

Founded

78

Investments

Greece

Offices

Venture Fund

Investor Type

About

VentureFriends is a venture capital firm based in Athens, Greece, founded in 2016 by serial entrepreneurs Apostolos Apostolakis and George Dimopoulos. The firm specializes in early-stage investments, focusing on scalable B2C and B2B startups across Europe, the Middle East, and North Africa (MENA). With a strong emphasis on sectors such as FinTech, PropTech, Marketplaces, TravelTech, and SaaS, VentureFriends aims to support ambitious founders in building international market leaders.

The firm has raised three funds to date: VF1 (€20M) in 2016, VF2 (€50M) in 2018, and VF3 (€100M) in 2021, totaling €170M in assets under management. Notable portfolio companies include InstaShop, Spotawheel, and Blueground. VentureFriends is known for its founder-first approach, providing hands-on support and viewing founders as partners throughout their entrepreneurial journey.

Portfolio Companies

InstaShop, Spotawheel, Blueground

Gepgraphic Focus

Europe, MENA

Key Differentiators

Founder-first approach, Hands-on support, Focus on scalable B2C and B2B startups

Thypical Investment Size

€0.3M - €2.5M

Total Funds Raised

€170M

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Advertising (AdTech)

Marketing (MarTech)

Enterprise

SaaS

Seed

Series A

Series B

Greece