VentureFriends

Active

Overview

VentureFriends is an early-stage venture capital firm based in Greece that invests in pre-seed and seed startups across Europe and MENA, focusing on high-conviction bets in sectors like e-commerce, SaaS, ad tech, and on-demand services.¹²³ It manages multiple funds, starting from €20M in 2016 up to €100M for VF3 in 2021 and VF4 launched around 2025, with initial investments ranging from €500K to €2.5M and follow-ons up to 1:2 ratio.²³ The firm is known for its founder-friendly approach, led by ex-entrepreneurs, and maintains offices in Athens, London, Warsaw, and Barcelona.¹³

History

VentureFriends was founded in 2016 by serial entrepreneurs Apostolos Apostolakis and George Dimopoulos after their experience in entrepreneurial and angel investing.³⁴ In 2016, it launched VF1, a €20M fund; in 2018, VF2 at €50M and opened a London office; in 2021, VF3 at €100M with new offices in Warsaw and Barcelona.³ VF4, its latest fund, was launched around 2025, expanding its pan-European presence.³⁵

Notable Products

VF1 Fund - €20M fund launched in 2016 for pre-seed and seed investments in ambitious teams.
VF2 Fund - €50M fund launched in 2018, coinciding with London office opening.
VF3 Fund - €100M fund launched in 2021 with offices in Warsaw and Barcelona.
VF4 Fund - Latest fund launched around 2025 as a prominent pan-European early-stage investor.

Reputation

VentureFriends is perceived as a focused, founder-friendly VC by entrepreneurs due to its high-conviction strategy of 10-12 investments per year and support from ex-entrepreneurs.¹³ Professionals note its growth from a Greek firm to pan-European with multiple funds and offices, though specific criticisms are not detailed in available sources.³⁵ It maintains a niche in early-stage tech investments across Europe and MENA.²

Sources (5)