VentureFriends, the Athens-based VC, outs new €45M fund – TechCrunch

From Techcrunch

VentureFriends, the Athens-based VC that has backed the likes of Homie and Weengs, is announcing its new fund, with a first closing of €45 million.

VentureFriends II’ sees the VC firm pick up where its original €20 million fund left off, with a remit to do seed investments in Greek startups and beyond that have global ambitions.

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…

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