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The Venture Codex

Openfund

8 Klisovis Str., Athens, Attiki, 106 77, GREECE

Overview

Openfund is a new seed capital venture, focusing on start-ups around software, mobile and the web. Based in Athens, Greece, the Openfund brings together an exceptional team of executives, an extensive list of advisors and a number of passionate investors to provide everything a team of entrepreneurs needs to turn ideas into products and success.

Total investments
13
Lead investments
7
Investments · 12mo
0
Active investors
5

Sector focus

  • Finance
  • Financial Services
  • FinTech
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Investment portfolio

  • Welcome Pickups

    Participated · Series A · Mar 2019

    Welcome Pickups is an Athens, Greece-based travel company offering a personalized travel experience. It operates in 100 destinations across 50 countries and launched 33 new destinations in 2022, working with over 2,000 travel partners. The company plans to reach 400 destinations by end of 2024. Led by CEO Alex Trimis, Welcome Pickups raised €5.3M and intends to use the funds to accelerate geographic reach, improve customer experience, and develop new products. The round was reported on 05/01/2023 and is intended to support the company’s expansion and product initiatives. Welcome Pickups offers a range of in-destination travel services starting at the point of pickup and extending through transfers, travel products, things to do, and destination information. Launched in Greece in 2015 and based in Athens, the company uses airport transfers as a gateway to deliver a more holistic travel experience and is building an in-destination travel dataset to enable personalization. In 2018 the startup serviced over 400,000 travellers across 32 destinations and estimated it would welcome over 1 million travellers in 2019; it employs about 60 people, mainly in Athens and Barcelona. Welcome Pickups also works with hotels and short-stay providers to help personalise guest experiences and optimise operations using its data. The company plans to expand product offerings, grow its destination network, add travel-industry partners such as cruise lines and airlines, and enhance customer experience with a traveller app.

  • Goodvidio

    Participated · Equity · Nov 2016

    Goodvidio provides a conversion rate optimization platform for ecommerce stores and brands that automates product video discovery, curation, publishing, video management and optimization. The service helps online retailers utilize social-media product videos to engage shoppers and drive sales. The company reports more than 40 international brands and retailers as beta customers, including Tassimo, Mondelez, Travis Perkins and Deutsche Telekom. Goodvidio plans to use recently raised funds to expand its customer base in Europe and the USA. Founded in 2014 by CEO Dimitrios Kourtesis, the company is based in Thessaloniki, Greece and London, UK. The platform is positioned for growth through increased customer acquisition and broader geographic expansion.

  • incrediblue

    Participated · Equity · May 2015

    incrediblue operates an online marketplace that lets users customize and book yachting holidays. Led by CEO Antonios Fiorakis, the platform allows customers to pick a destination, boat type and dates, then provides a list of yachts and matches bookings with one of its 200 incrediblue skippers. Yachts on the platform are verified by a team of experts and include real photos, full profiles and user reviews; skippers are certified. The marketplace currently features 2,000 handpicked yachts across the Mediterranean in Greece, Croatia, Turkey and Spain. The company said it will use the funds to continue to expand operations. The business is based in London, UK and Volos, Greece.

  • Balena

    Participated · Series A · Apr 2015

    Founded in 2011, Balena offers a software platform that abstracts away infrastructure complexity so engineering teams can securely deploy, update, and monitor large fleets of edge devices from a single interface. Its container-based architecture supports 178 device types and powers fleets operating in more than 50 countries, with certain customers managing fleets exceeding 100,000 devices. Key capabilities include secure over-the-air (OTA) updates, remote troubleshooting, and support for intensive Edge AI workloads without vendor lock-in. The company positions itself as the easiest-to-use, hardware-agnostic solution for scaling edge and IoT deployments. Looking ahead, Balena plans to accelerate product innovation around Edge AI and enhanced security compliance while expanding resources for customer success and global fleet support. These initiatives will be funded by the newly announced strategic growth investment, reinforcing the firm’s mission to make edge technology more accessible to a wider audience.

  • Forky

    Led · Equity · Mar 2015

    Forky is an Athens-based mobile platform for food delivery. The service currently covers only a small part of central Athens and advertises delivery times of about 10–15 minutes after an order. Forky uses a special algorithm that organizes deliveries and routes to enable those fast delivery windows. The company has secured foreign equity funding totaling €800,000 in a first funding round. Main investors include Jeremie Openfund II, London-based Blue Wire Capital, and angels associated with a Greek capital fund, whose participation represents the fund's first movement into the Greek startup scene and which plans further investments.

Team