Specifically, the VC fund, which counts LPs as the European Investment Fund, the Greek ESIF FoF, Equifund and several individuals and family offices, is on the look out for seed-stage tech startups in its sweet spot of e-marketplaces, e-commerce, and SaaS.
I’m told it plans to write a company’s first cheque of up to €1 million. There’s also the option to add another €5 million to the fund, with a final closing target of €50 million, although this may not come to fruition.
Notably, VentureFriends’ second fund has already disclosed a first investment, participating in Stasher’s recent funding round. The startup…