OpenFund, an Athens-based seed level Venture Firm, has announced the first bunch of startups selected for funding. Besides the actual funding, which is between €20-30k for a 20% equity stake in the company, OpenFund provides a four-month incubation period.
In this round, OpenFund selected four companies in total, one from the UK (its founders are from Slovakia), one from Ukraine, and two… → Read More
In a terrific example of a self-organising industry, some of OpenCoffee Greece’s founding members and a number of web entrepreneurs and venture capitalists have launched Openfund, offering seed capital for internet startups in Greece and South East Europe. The model draws inspiration from YCombinator and Seedcamp, with plans to fund up to five startups per round. The startups will… → Read More