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MONEY TALK / Venture Finance / WTM News Editor / Tuesday, 08 January 2013 00:00

The Openfund began 5 years ago, around the same time as Seedcamp which might well make it the second oldest ‘new style’ tech seed fund in Europe. You could say that it was not only pretty early, but also in a tough place – Greece does not have a large or long history in tech startups and Openfund was, and remains, the only real institutional tech investor in town. And they only had €500,000 to play with. That said, OpenFund, like their ancient Greek soldier ancestors, set their faces against the wind and kept going. The fund has now announced a new team of partners and a second fund totaling €10 million under management. Openfund II has drawn its LPs from the European Investment Fund, which serves as the Openfund’s major investor under the Jeremie program, and the participation of 11 private investors. At the same time it’s announced two major fundings – a €100,000 investment in Incrediblue (a kind of Airbnb for private leisure boats) and €600,000 in WorkableHR, a platform for simplifying the recruitment process. Read full article @ Techrunch


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