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The Venture Codex

VentureFriends

2 Merlin Street, Athens, Attiki, 10671, Greece

Overview

Venture capital fund investing in tech-enabled seed stage startups.

Founded

2016

Deals · 12mo

7

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Greece
Spain
United Kingdom
United States

Sector focus

Venture Capital

Investment portfolio

69rounds
NAMEDATESIZE
NeuralTrust
Jun 2026Participated
$20 MSeed
Kodesage
Jun 2026Led
$7 MSeed
Poindexter Labs
Jun 2026Participated
$3 MSeed
Embat
May 2026Participated
$35 MSeries B
Sybilion
Mar 2026Led
$4 MSeed
Capalo AI
Feb 2026Participated
$13 MSeries A
Valeria
Feb 2026Led
$2 MOther Equity
Altan
Sep 2025Led
$3 MSeed
CUBE AI
Jul 2025Participated
$4 MSeed
Unosecur
Apr 2025Led
$5 MSeed
Capalo AI
Mar 2025Led
$4 MSeed
Merx
Mar 2025Led
$1 MSeed
NeuralTrust
Jun 2026Participated
$20 MSeed
Kodesage
Jun 2026Led
$7 MSeed
Poindexter Labs
Jun 2026Participated
$3 MSeed
Embat
May 2026Participated
$35 MSeries B
Sybilion
Mar 2026Led
$4 MSeed
Capalo AI
Feb 2026Participated
$13 MSeries A
Valeria
Feb 2026Led
$2 MOther Equity
Altan
Sep 2025Led
$3 MSeed
CUBE AI
Jul 2025Participated
$4 MSeed
Unosecur
Apr 2025Led
$5 MSeed
Capalo AI
Mar 2025Led
$4 MSeed
Merx
Mar 2025Led
$1 MSeed
69
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Insights

Time horizon

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Deal Distribution

VentureFriends: 69 funding rounds are recorded in the selected participation categories.All available history.
VentureFriends: 69 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1312
Series A311
Series B03
Series C+01
Other Equity1310
Debt21

Monthly Deal Activity

VentureFriends: 69 deals are recorded across 121 months.All available history.
VentureFriends: 69 deals are recorded across 121 months. All available history
MonthDeals
Oct '161
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '171
May '170
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '171
Dec '170
Jan '181
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '181
Dec '180
Jan '190
Feb '190
Mar '192
Apr '191
May '191
Jun '190
Jul '190
Aug '190
Sep '191
Oct '190
Nov '193
Dec '190
Jan '201
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '203
Aug '200
Sep '202
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '211
Jul '212
Aug '211
Sep '211
Oct '213
Nov '210
Dec '210
Jan '221
Feb '222
Mar '220
Apr '224
May '221
Jun '221
Jul '221
Aug '220
Sep '220
Oct '221
Nov '220
Dec '221
Jan '231
Feb '232
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '241
Feb '242
Mar '240
Apr '240
May '241
Jun '241
Jul '241
Aug '240
Sep '241
Oct '242
Nov '240
Dec '240
Jan '250
Feb '250
Mar '252
Apr '251
May '250
Jun '250
Jul '251
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '262
Mar '261
Apr '260
May '261
Jun '263
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

VentureFriends: Fintech is the largest displayed sector by deal count (23 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

VentureFriends: Fintech is the largest displayed sector by deal count (23 deals). All available history
SectorDeals
Fintech23
AI & Machine Learning16
E-Commerce & Retail13
Real Estate & Construction11
Transportation & Logistics11
Networks, Cloud & Communication10
Travel & Hospitality9
Enterprise Software8
Food & Agriculture8
Data, Analytics & IT5
Hardware & Robotics5
Cybersecurity & Privacy3
Clean Energy & Sustainability3
Marketing & Advertising3
Consumer & Lifestyle2
Media & Entertainment2
Health & Life Sciences2
Professional Services2
Social & Community Platforms2
Education & Workforce1
Manufacturing1
Developer Tools1

Deal Size Distribution

VentureFriends: 69 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

VentureFriends: 69 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M33
$5M-$10M14
$10M-$25M12
$25M-$50M4
$50M-$100M0
$100M-$250M6
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

VentureFriends: Europe has the largest recorded deal count among the displayed regions (52 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

VentureFriends: Europe has the largest recorded deal count among the displayed regions (52 deals). All available history
RegionDeals
Europe52
United States9
India3
Mexico2
750021
United Arab Emirates1
Brazil1
VentureFriends: 20 co-investors are shown, with FJ Labs sharing 6 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

VentureFriends: 20 co-investors are shown, with FJ Labs sharing 6 recorded deals. All available history
Co-investorShared deals
FJ Labs6
4Founders Capital5
European Bank for Reconstruction and Development5
Endeavor Catalyst4
Kibo Ventures4
Speedinvest4
COTU Ventures3
InMotion Ventures3
Jabbar Internet Group3
Samaipata3
Uni.Fund3
Velocity Partners3
AlleyCorp2
Cherry Ventures2
Creandum2
DMG Ventures2
Eleven Ventures2
Global Brain2
Innovestor2
Inventure2

Investment Strategy

VentureFriends: Led accounts for 45% and participating for 55% of round participation.All available history.
VentureFriends: Led accounts for 45% and participating for 55% of round participation. All available history
CategoryDeals (count)Share (%)
Led3145%
Participating3855%
VentureFriends: Single-lead accounts for 48% and co-led for 52% of lead dynamics.All available history.
VentureFriends: Single-lead accounts for 48% and co-led for 52% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1548%
Co-led1652%

Team

Alistair Owen

Principal

Apostolos Apostolakis

Partner and co-founder

George Dimopoulos

Partner and co-founder

George Karabelas

Associate

Lily Joo

Founder

Pavlos Pavlakis

Principal