Fundraising Fox

VentureFriends

Venture capital

Athens · Pre-Seed–Seed · 11 people tracked

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Investment thesis

VentureFriends grew out of the entrepreneurial and angel investing activity of its founders, who were involved in companies such as e-shop, e-food, Doctoranytime, and Beat. After several successful exits, the team formalized its investing through a series of funds, starting with the €20M VF1, followed by the €50M VF2, the €100M VF3, and VF4. The firm focuses on pre-seed and early-stage investments and aims to be a prominent pan-European investor, backing ambitious teams building international market leaders.

Invests inSector AgnosticAthensEurope

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
Check
$500K – $2.5M
HQ
Athens, GR
Leads rounds
Follows
Instruments
Equity
Founded
2016
Last 12 months
2 investments
AUM
$121M
Tracked investments
18

Team · 11 people

from the firm's website & public directories

What they invest in

from 11 of 18 portfolio companies

AI & Machine Learning ×4Fintech ×4Enterprise Software ×3SaaS ×3B2B Marketplaces ×2Data & Infrastructure ×2Logistics & Supply Chain ×2Mobility & Transportation ×2

HQs:Finland×2United Arab Emirates×1Brazil×1United Kingdom×1Greece×1

Investments · 18 tracked

founders shown can be your intro path

By year:2026 · 22024 · 22021 · 12019 · 16 dated

Blueground HoldingsSep 2019SEC filingmedium confidence

Cheshire

Kevin Ryan(Director)Charles Young(Director)Nikolaos Kalliagkopoulos(Director)Alexandros Chatzieleftheriou(Director)

Board seatApostolos Apostolakis· per SEC Form D · $50M raise · filed Jan 2020

Bartebarte.cominNov 2021 · $8M

Barte provides modular payment processing solutions for large enterprises, fintechs, and marketplaces.

B2B MarketplacesFintechSaaSSao Paulo, BR

Caetano Lacerda(Founder)inRaphael DyxklayinCaetano Maria Carvalho Prazeres de Lacerda(Executive Officer)

Co-investorsAlleyCorpCapria VenturesNXTPAlley Robotics VenturesForce Over Mass CapitalGlobal Founders Capital

Blueground
Capalo AIcapaloai.cominFeb 2026 · $4M

Capalo AI develops AI-powered software to optimize energy storage systems, lower price volatility, and reduce carbon emissions.

AI & Machine LearningCleantechClimate TechEnergyHelsinki, FI

Henri Taskinen(Co-Founder & Chief Executive Officer)inRiku Kukkonen(Co-Founder & Chief Sales Officer)inEerik Jauhiainen(Co-Founder & Chief Technology Officer)inTeemu Lappalainen(Co-Founder & Development Director)in

Co-investorsHeartcore CapitalInnovestor VenturesInnovestorInventureTesi (Finnish Industry Investment Ltd)

Carmoolacarmoola.co.ukinJan 2024

Carmoola is a car finance company that provides instant digital lending decisions through a mobile app for vehicle purchases in the UK.

ConsumerFintechMobility & TransportationUK, GB

Aidan

Co-investorsAlleyCorpQED InvestorsClocktower VenturesInMotion VenturesAlley Robotics Venturesu.ventures

Embat
Harbor Labharborlab.cominMay 2024 · $16M

HarborLab is an AI-powered platform that manages disbursement account costs for maritime port calls, providing visibility and control to DA teams, vessel operators, and commercial traders.

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaS

Antonis Malaxianakis(Founder)in

Co-investorsNotion CapitalTecPiertheDOCKTMVAtomicoEndeavor Catalyst+1 more

Huspyhuspy.comin

Huspy is a real estate technology platform that digitizes the home-buying process, providing access to mortgage products, properties, and related services like furniture and property management.

B2B MarketplacesFintechPropTechDubai, AE

Jad Antoun(CEO & Co-founder)inKhalid Ashmawy(Founder)

Co-investorsBalderton CapitalFifth WallFounders FundSequoia CapitalBreyer CapitalBY Venture Partners+6 more

Instashop
Justified Studiojustified.studioin

Justified Studio is a creative agency offering brand strategy, digital product and website design, and advertising campaign services.

Creator EconomyMarketing Tech

Co-investorsBrighteye Ventures

Measurlabsmeasurlabs.comin𝕏

Measurlabs provides accredited laboratory testing services for R&D, quality control, and regulatory compliance across polymers, packaging, food, medical devices, pharmaceuticals, semiconductors, and construction materials.

Data & InfrastructureDeep TechMedical DevicesNew MaterialsHelsinki, FI

Teemu Myllymäki(Founder)in

Co-investorsLifeline Ventures

Merx
MoneyHashmoneyhash.ioin𝕏

MoneyHash provides a payment orchestration platform that lets businesses integrate multiple payment methods—cards, cash, wallets, BNPL, bank accounts, and crypto—customize checkout experiences, and localize payments by market.

FintechSaaS

Nader Abdelrazik(Founder)in

Co-investorsFirstCheck AfricaLoftyInc CapitalNuwa CapitalPreston-Werner VenturesTofino CapitalVentureSouq+5 more

NeuralTrustneuraltrust.aiin𝕏Jul 2026

NeuralTrust builds security and reliability tooling for enterprises deploying AI agents and generative AI, including runtime security and offensive/defensive testing.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise Software

Co-investorsBStartupKibo VenturesAlstin CapitalSeaya

Plum
Spotawheelspotawheel.gr𝕏

Spotawheel is an online platform for buying, leasing, and selling used cars, offering vehicles inspected across 200+ points with warranties of up to 5 years and car financing options.

E-commerceMarketplacesMobility & TransportationAthens, GR

Co-investorsRockaway VenturesPollen Street CapitalVelocity.Partners

Sybilionsybilion.comin

Sybilion builds an AI-based forecasting system that surfaces predictive signals from large datasets to help businesses make forward-looking decisions.

AI & Machine LearningData & InfrastructureEnterprise SoftwareLogistics & Supply Chain

Bjol Frenkenberger(CEO)inNuno Barros(CTO)inJonas Falkner(CDO)inFriedrich Weninger(CCO)in

Co-investorsSemapa NextVanagonEWORGoHub Ventures

Valeria

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has VentureFriends made?
VentureFriends has 13 tracked investments, including 1 dated in the last 24 months.
What stage does VentureFriends invest at?
VentureFriends invests at the Pre-Seed, Seed stages.
What is VentureFriends's typical check size?
VentureFriends typically writes checks of $500K – $2.5M.
What sectors does VentureFriends focus on?
VentureFriends focuses on Sector Agnostic.
Where is VentureFriends located?
VentureFriends is headquartered in Athens, GR.
Does VentureFriends lead rounds?
VentureFriends typically participates in rounds rather than leading them.
Who does VentureFriends co-invest with?
VentureFriends most often shares deals with AlleyCorp, Balderton Capital, Breyer Capital, among 24 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Airbnb is a channel not a competitor for Blueground - Apostolos Apostolakis, VentureFriends

EUVC · Apostolos Apostolakis

VentureFriends meeting Blueground founders - Apostolos Apostolakis, VentureFriends

EUVC · Apostolos

Journey of Blueground to become a unicorn - Apostolos Apostolakis, VentureFriends

EUVC · Apostolos

It was love at the first sight - Apostolos Apostolakis, VentureFriends

EUVC · Apostolos Apostolakis

VentureFriends' Apostolos Apostolakis on Blueground's journey - early investments to aglobal unicorn

The European VC · Apostolos

#95 Apostolos Apostolakis, VentureFriends

The European VC · Apostolos Apostolakis

Images

VentureFriends photo

Co-investors · 21

Atomico

Atomico is an international venture capital firm that invests in growth-stage technology companies across multiple geographies. The firm focuses on scaling disruptive technology businesses globally.

Both backed · 1
QED Investors

QED Investors is a venture capital firm focused on financial services, founded by former Capital One executives to back founders bringing transparency and fairness to fintech.

Both backed · 1
$30K – $25M
Seaya

Seaya Ventures is a venture capital firm with offices in Madrid and Mexico City that invests in technology companies in Europe and Latin America. The firm focuses on early-stage entrepreneurs building companies with global expansion potential.

Both backed · 1
$2.2M – $16.2M
InMotion Ventures

InMotion Ventures is an early-stage venture investor associated with JLR (Jaguar Land Rover), backing founders from inception and co-investing across three specialist verticals.

Both backed · 1
$2.6M
Vanagon

Vanagon is a European venture capital firm backing DeepTech and AI-native founders from the pre-seed and seed stages, investing as lead with checks up to €500k.

Both backed · 1
$540K
FJ Labs

FJ Labs is an early-stage investment firm specializing in marketplaces and network-effect businesses, taking an angel-style co-investment approach alongside institutional venture funds worldwide.

$100K – $3M
Great Oaks Venture Capital

Great Oaks Venture Capital is a New York-based early-stage investor that partners with founders at the earliest stages of company building across the United States.

$50K – $500K
Plug and Play Ventures

Plug and Play is an innovation platform that connects corporations, governments, startups, investors, and universities to drive innovation.

$50K – $12M
Bling Capital

Bling Capital is a seed-stage venture firm that backs entrepreneurs seeking to find and scale product-market fit, supported by its Bling Product Council of over 100 product leaders.

$1M – $5M
Amplify Partners

Amplify Partners is a venture capital firm that backs technical founders — engineers, researchers, and scientists — building companies across AI/ML, data infrastructure, developer tools, and life sciences.

$500K – $5M
Practical Venture Capital

Practical Venture Capital (PVC) is a venture firm focused on the secondary market for private, late-stage technology companies. It acquires stakes in mature companies through its Halftime Fund.

CoinFund

CoinFund is a crypto-focused investment firm that backs and partners with companies building open, decentralized technology across finance, infrastructure, and AI.

$6M – $10M
9 more co-investors

Ff Venture CapitalOne Way VenturesStructure CapitalBECO CapitalLAUNCHub VenturesPiton Capital LLPAllen Institute for Artificial Intelligence Incubator (AI2)Market One CapitalMarathon Venture Capital

Firms observed investing alongside VentureFriends, from public investor directories. Shared companies are the overlap with VentureFriends's recorded portfolio.

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