Amid Greek Tech Boom, a prominent company in the seed phase that closes 75 million euros

Marathon Venture partnersThe project company in Athens, which is proud of “the first day partners of Greek technology partners,” closed, only closed the latest fund with 75 million euros of capital obligations, according to partner Panos Papadopoulos.

The car reaches the total assets of the company under management to 175 million euros-a meaningful amount of an eight-year-old investor in Greece in Greece and reflection, as well, for some large exits. Among them is the sale of last year to Marathon’s Portfolio Mortsa to CNH, agricultural machinery maker and construction equipment in A. Cash deal The estimate is estimated at $ 110 million. The marathon also sold some of its shares in the Hack the Box, a platform for evaluating cybersecurity and assessing talents, to the investment company Carlal in A. Secondary transaction.

We were attracted to the conversation with Babadubulus before personal sitting with him as part of the first strict evening in Techcrunch in Athens on Thursday, May 8, and it will also include a Deep diving With the Prime Minister of Greece, Kyriakos Mitsotakis. What we wanted to know – and what are the central questions on Thursday night – is: Why Greece, and why now?

Greece has historically seen a less legitimate investment than other European countries. What, if anything had changed locally, enabled you to collect a fund worth 75 million euros when collecting global donations became more challenging?

For beginners, MARATHON I is the best percentage worldwide (achieved returns); We have built a portfolio seized the current Zeitgeist long ago, for example, scientific research with the help of AI, robots or defense is the base.

What is the thesis of your company and how does the thesis of this latest box differ in view of the extended schedule that we see for the sake of exits in the world?

We support the founders who do something hard in important markets. It can be difficult because it requires unique knowledge, such as a research doctorate, or a high agency, which means understanding an organized industry or is ignored like the energy network management. We will continue to double our society, which accumulates experience and experience, along with ambition.

The Greek startups traditionally faced challenges that go beyond the local market. How do you evaluate the company’s international growth capabilities in this environment, as capital efficiency is more important than rapid expansion?

I beg to differ. Greek startups benefit from local talents for customer service and leading global markets from the first day. Through our portfolio, there are no revenues coming from the local market. But they offer the best part of Fortune 500.

At the same time, capital efficiency and grasum team are the second nature of our society.

We see fewer subscriptions all over the world and extended detention periods for projects -backed companies. How did this affect your conversations with your limited partners on expected time tables and returns?

We do not need Decacorn for our economy in the boxes. We invest early, maintain large stock sites, and keep our box sizes small. These different opportunities provide significant returns, including second salaries and strategic integration processes, before the public subscription. We took high school again in 2021 when most of the market was unlimited. In our culture, criticism is the king. It seems that many others have forgotten it.

Many European VCS stresses deep technology and AI. Does the marathon follow a similar approach, or do you see different opportunities for the Greek ecosystem?

Of course we are all, but the definition of deep technology extends and means many different things for different people. We do not focus on any specific sector itself – instead, we focus on people who change their sectors. Perhaps we were the first VC general expert to invest in defense before the Ukraine war.

Greek founders have historically received less funding than their counterparts in Berlin, Paris or Stockholm. Do you see assessments of Greek startups that reflect this opponent, and does this create opportunities for a better return?

In our experience, this is not related to geography or price. We support the founders of the unseen opportunities that most VCS ignore. We move quickly with conviction and do not ask who is investing. These may look like table classes. They are still not.

Looking at the difficult global exit environment, how do you advise your conservative companies about strategic alternatives such as secondary sales or acquisition?

We are working with our conservative companies towards virtual scenarios. From there, all options are on the table. We see the founders who really want to manage their companies in the long run. We believe that secondary sale can actually help in it, and we often support such scenarios.

The European Union emphasized the support of startups through various financing mechanisms. How important is the amazing capital from these sources to your governor companies compared to five years before?

We welcome any such initiative. However, we advise the founders of our conservative not to waste time in the activities that are not related to the market.

How did the improved macroeconomic state in Greece affect both the process of collecting donations and the quality of startups that you see?

It is always good when the press headlines are not released, but what we do is less important for local macro. When it comes to the Talent Front, I would really say based on the naive experimentation that, if there is any relationship, this is the opposite. The adversity is the mother of all invention.

Many American VCS have declined from European investments. Did this create more opportunities for local funds such as marathon, or did it make participation deals more difficult?

It is definitely a different market, but it also creates an increasing opportunity for European investors. I do not think that the capital in 2021 really changed the chance of European companies. We must always count on ourselves and agree with the founders in the long run.