Greece’s startup ecosystem is steadily growing as Athens based VC fund Marathon Ventures announced an increase to their fund with the addition of European Investment Fund, National Bank of Greece as well as other key player’s funds under the new Equifund scheme. This latest closing raises the level of Marathon’s fund to €32 million.
“Leveraging our enthusiastic reception by entrepreneurs from around the world, we aim to make good use of the extended capacity by doubling down on our strategy,” notes Marathon partner George Tziralis.
“In Marathon’s quest to help ambitious founders build world-class companies, the bar is now higher, and our journey is just beginning.”
Rumor has it that NBG will be partnering with most of the Equifund offshoots. Equifund aims to disburse up to €260 million through at least 8 new funds.
Marathon has thus far made two investments and has several investments about to close in the coming weeks and months.