The image of Equifund is slowly being completed with Velocity Partners, one of the two new VCs getting approval from the European Investment Fund (EIF) and being released.

Velocity Partners

Velocity Partners will manage €24 million. and will focus on Pre-Seed and Seed investments. In addition to the EIF, the main financier is Eurobank and other Greek market groups from various sectors.

Velocity Partners' funders – partners will offer know-how and support to new companies by guiding them on the needs, challenges and opportunities for innovation in their workplaces. They will thus offer scope for development and experimentation as well as market access where appropriate.

Velocity Partners will invest 75.000€ to 150.000€ in Pre-Seed Startups and 200.000€ to 400.000€ in Seed. However, it will continue to invest in subsequent rounds.

As its executives said:

"The vision of the fund is to be recorded in the Greek and international market as the given starting point and the force multiplier for the most innovative and successful Greek companies. The aim is to strengthen teams of ambitious and exceptional founders who will produce innovative products of truly global scope in markets and sectors of activity with fast and great growth potential, taking advantage of the comparative advantages offered by Greece as a start-up market".

The team consists of:

• Konstantinos Mavros, with international experience in the financial, energy and infrastructure sectors
• Dimitris Kalavros-Gousiou, co-founder of Found.Ation and TEDxAthens
• Eric Parks, former executive of international advertising groups and active Angel Investor
• Achilleas Petropoulos, with many years of presence in large companies and experience as an investment advisor