Capital raising services in Greece
Greece's venture market has grown substantially since the EquiFund launch, with a wave of Series A and growth-stage companies now ready to access international capital at scale.
Workable, Viva Wallet and Blueground have demonstrated that Greek founders can build globally competitive businesses in HR tech, payments and proptech - raising material rounds from European and US investors.
Flow focuses on mid- to late-stage Greek companies raising growth capital on the best available terms - providing an extensive VC investor network, end-to-end fundraise preparation, pitch deck building, financial and operating model construction, and full process management through investor selection, term sheet negotiation and close.
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VC rounds raised in the last 12 months in Greece
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Median VC valuation (across all stages) in Greece
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Median VC revenue multiple (across all stages) in Greece
$352M
Largest VC round raised in Greece in the last 12 months
Raising venture capital in Greece
Greece's VC market has scaled materially since the EquiFund launch, with Athens as the centre. Local funds anchor seed and Series A; cross-border participation from European, US and Greek-diaspora investors is common at growth stage.
Greek VC industry conventions
Greek venture rounds typically use documentation aligned with broader European venture conventions, adapted for the Greek AE (joint-stock) and IKE (private capital company) structures. Pre-seed and seed rounds often use simplified templates.
Convertible loans and SAFEs
Convertible loan notes are the standard pre-priced instrument in Greece. SAFEs are used where the lead investor is US-based. Conversion typically at the next priced round at a discount or capped valuation.
Round structure norms
Priced rounds use 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Founder vesting (4-year, 1-year cliff) is increasingly standard. Greek AE and IKE structures require shareholder resolutions plus GEMI filings for share issues.
EquiFund-anchored ecosystem
EquiFund provides anchor LP capital to most active Greek VC funds. Round documents typically accommodate EquiFund-related conditions where relevant. The fund-of-funds structure means most Greek venture capital indirectly carries EU and Greek state backing.
Foreign investment screening
Greece has implemented EU FDI screening (Regulation 2019/452) with notification required for non-EU investors taking control of Greek companies in sensitive sectors - defence, dual-use, AI, critical infrastructure. Adds notification time and conditions.
Closing mechanics
Capital increases and share transfers in Greek AE and IKE companies require shareholder resolutions and GEMI filings. Closings are typically same-day signing and funding with documents executed via DocuSign for non-notarial elements.
Largest private tech companies in Greece
Allwyn valued at $13B is the largest still privately-owned company in Greece.
See all large tech companies in Greece| Logo | HQ | Description | ||||
|---|---|---|---|---|---|---|
Allwyn | | Allwyn AG, formerly known as OPAP Holding SA, is a gambling company that operates lotteries and sports betting, including horse races. The company is the exclusive gambling provider in Greece. The firm is organized into segments based on the type of game: Lotteries, Betting, Online betting, Other online games, Instant and Passives, VLTs, Telecommunication and eMoney services. It generates the majority of its revenue from the Lotteries segment. The gaming services are provided either online or through physical retailers. The company generates the vast majority of its revenue in Greece. | - | - | $13B | |
Viva Wallet | | Viva Wallet is an Athens-headquartered digital banking provider operating in 23 European countries as a principal member of Visa and Mastercard for acquiring and issuing. The neobank offers card acceptance via Smart Android terminals, Viva Wallet POS app, and online payment gateways, alongside business accounts featuring local IBANs and Mastercard debit cards. Viva Wallet owns VIVABANK SA as a Greek banking subsidiary and an E-money institution compliant with PSD II across the EEA. Services include multi-currency settlements and integrations for e-commerce platforms, targeting SMEs and enterprises with hardware-free payment solutions. | Apr-21 | $80M Series D | $1.7B |
Startups who recently raised money in Greece
Largest VC round raised recently in Greece was a $8.3M Undisclosed stage of Wikifarmer in March 2026.
See all VC rounds in Greece| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Mar-26 | Wikifarmer | | Wikifarmer hosts a knowledge hub of farming best practices paired with a direct marketplace, fostering fair transactions between producers and buyers in agriculture. | Brighteye VenturesMetavallon VC+2 | $8.3M | - | Undisclosed stage | |
Jan-26 | CLEAN i.T | | CLEAN i.T is a platform connecting customers with on-demand professional cleaning services through an online booking system that calculates prices, estimates times, and handles payments for residential and commercial jobs. | Envolve EntrepreneurshipInvesting For Purpose | $500K | - | Seed | |
Mar-26 | Braviero | | Braviero is a specialized e-commerce technology platform offering high-fidelity promotional intelligence and verified savings solutions. The Piraeus-headquartered company applies manual verification to curate discounts and codes from global consumer brands. Its directory spans consumer electronics, sustainable fashion, health and biohacking, home office productivity, pet care technology, and smart-home automation. | - | - | - | Pre-seed |
Top VCs and strategic investors in Greece
Investing For Purpose, Helidoni Group, Genesis Ventures and Hellenic Business Angels Network funded the most startups in Greece in the last 12 months.
See all VCs in Greece| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Genesis Ventures | | Genesis Ventures is an Athens-based platform combining coaching and angel investments for early-stage startups in Greece and Southeast Europe. Launched in 2021, it supports over 100 founders through mentorship programs and seed funding up to €500,000 per deal. Focused on fintech, healthtech, and greentech, the firm co-invests with EIC Accelerator and local VCs, backing companies like Viva Payments and Beat. | Terra RoboticsWocapProtio+2 | 10 | Pre-seed | |
Hellenic Business Angels Network | | Hellenic Business Angels Network is a non-profit organization promoting early-stage investment in Greek startups. Athens-headquartered, it connects business angels, incubators, and entrepreneurs through training programs, networking events, and deal-flow platforms. As the Greek member of EBAN and GBAN, HeBAN facilitates co-investments and lobbies for tax incentives since its formal incorporation in 2015. The network has supported over 100 startups in tech, healthtech, and fintech, bridging local investors with international opportunities. | Terra RoboticsSally AIOrbito Travel+2 | 6 | Pre-seed | |
Investing For Purpose | | Investing For Purpose is a London-based initiative channeling £50 million into impact investments across UK social enterprises. It funds affordable housing projects and renewable energy in underserved regions since 2019. Partners include Big Society Capital for blended finance deals. | CLEAN i.TFlexThisProtio+2 | 5 | Seed | |
Helidoni Group | | Helidoni Group is a private equity firm investing in real estate and infrastructure projects across Europe. London-headquartered, it focuses on commercial properties and renewable energy developments, managing assets exceeding several billion euros in value. | Terra RoboticsFlexThisRobenso | 4 | Seed | |
Uni.Fund | | Uni.Fund is an Athens-headquartered venture capital firm founded in 2017. The firm invests in early-stage startups emerging from Greek universities and R&D institutions, targeting deep tech, biotech, and software sectors. With a focus on emerging market opportunities, Uni.Fund supports portfolio companies through go-to-market strategies and team building. It manages funds committed to scaling Greek innovation across Europe. | Terra RoboticsIndeexEVO+1 | 3 | Seed | |
Metavallon VC | | Metavallon VC is an Athens-based venture capital firm managing over €50 million across two funds for seed-stage B2B and deep tech startups with Greek connections. Fund II invests €0.5-1.5 million in international teams reshaping industries. Portfolio includes Think Silicon in semiconductors, Better Origin in biotech, Ferryhopper in travel tech, and Krotos in audio AI. Founded in 2020, Metavallon provides hands-on support via networks in Europe and US. The firm targets ventures in AI, robotics, and agritech for global scaling. | WikifarmerWorkearlyTravelStaytion+1 | 2 | Seed | |
A | Argyris Kaninis | | Argyris Kaninis is the chief operating officer of Softomotive, a robotic process automation provider. He possesses extensive experience in IT and telecommunications, with a focus on enterprise software expansion and strategic partnerships. | Terra RoboticsProtio | 2 | Seed |
5G Ventures | | 5G Ventures SA is an Athens-headquartered subsidiary of the Hellenic Corporation of Assets and Participations that manages the Phaistos Investment Fund. This fund invests in Greek startups developing 5G applications for transport, manufacturing, healthcare, and tourism. Established in 2021 under Law 4727/2020, it allocates €100 million to 20 portfolio companies like telecom equipment makers and smart city solution providers. | Natech Banking SolutionsSphynxMovandi+1 | 2 | Seed | |
L | Lars Rasmussen | | Lars Rasmussen is the co-founder of Florent Venture Partners, an Athens-based venture capital firm investing in early-stage technology companies. Previously, Rasmussen co-founded Weav Music, a music technology startup. Florent Venture Partners focuses on sectors like software and consumer internet across Europe. Rasmussen attended the University of California, Berkeley, and operates from Attiki, Greece. | FlexThisProtioRobyn | 2 | Seed |
Point Nine | | Point Nine Capital is a Berlin-based early-stage venture capital firm exclusively investing in European SaaS, online marketplaces, and mobile startups. Since 2010, partners Pawel Chudzinski and Christoph Janz have backed over 50 companies including Delivery Hero, Typeform, Zendesk, and Clio with ticket sizes from €500,000 to €3 million. Managing €150 million across three funds, it focuses on seed and Series A rounds in B2B software, achieving multiple unicorn outcomes. | WikifarmerSereactModern Relay+1 | 1 | Undisclosed stage |
What if not VC? Non-equity funding in Greece
Greece's non-dilutive funding stack has scaled materially with EU PNRR funding - between R&D super-deduction, EquiFund, HFRI and Horizon Europe access, Greek startups have multiple paths to extend runway.
R&D super-deduction
Greek companies can claim 100% additional deduction on qualifying R&D expenditure (effectively 200% deduction). Materially reduces the post-tax cost of R&D and is the largest single tax-based non-dilutive incentive for Greek tech.
EquiFund
EquiFund anchors most active Greek VC funds. While indirect, its participation effectively underwrites a meaningful share of Greek venture capital. Provides indirect institutional capital across seed, Series A and growth-stage rounds.
HFRI / ELIDEK grants
Hellenic Foundation for Research and Innovation administers R&D grants across thematic and open calls. Slow but non-dilutive and a credibility marker for later VC.
EU PNRR and ESPA funding
Greek EU Recovery and Resilience Plan (Greece 2.0) plus ESPA structural funds flow through ministerial agencies for R&D, digitalisation and the green transition. The largest non-dilutive capital source for qualifying Greek SMEs.
EU funding access
Greek companies have full access to Horizon Europe programmes - EIC Accelerator grants (up to €2.5M), EIC Pathfinder, Eurostars and others. Slow but materially valuable for deeptech, climate and life-science companies.
Greek diaspora angel network
Greece's angel scene includes a meaningful Greek-diaspora component driven by US and European Greek-origin operators and post-IPO alumni. Tickets typically €25k-250k per investor; structured rounds often syndicated across 5-15 angels.
Why Flow Partners as your capital raising advisor?
Kraft KPI-driven narrative
High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.
Move fast and cut the BS
We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.
Access relevant investors
Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.
Valuation is only one part of the equation
When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.
We provide capital raising services across Greece and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in Greece.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've advised companies from series A to series D and beyond.
Our capital raising experience spans across various tech sectors and geographies.
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
Recently completed VC fundraising projects
Selected capital-raising mandates and prior investment experience.
Got questions?
Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.
More services
We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.
Fractional CFO in Greece
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreM&A in Greece
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
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Schedule a call to get a health check on your business and see how we could help.
Fractional CFO
- Fractional CFO for Software
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- Fractional CFO for Consumer internet
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- Fractional CFO for Consumer products
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