The second half of 2024 saw a slowdown in funding for Greek startups, both in the number of deals and total investment. In the first half of the year, there were nine funding rounds exceeding €1M, totaling €143.4M. This included Blueground’s €42M Series D and Hellas Direct’s €30M Late Seed round. In contrast, H2 2024 saw just seven notable deals, amounting to only €37.7M.
These startups share key characteristics: they were founded by one or two co-founders, have Greek venture capital firms as investors, and employ Greek professionals, regardless of their headquarters’ location.
Additional deals in H2 2024 involved US-based startups Numa, Connectly.ai, and RetinAI, which have Greek co-founders but do not meet all the above criteria. If we include their funding, the total raised by Greek-founded startups in H2 2024 rises to €95.4M.
Overall, in 2024, a total of 19 Greek-founded startups worldwide secured €238.8M in funding.
This article is part of the CEE funding mapping series. Please feel free to contact us if we missed something: [email protected].
1. Plum
Stage: Series B
Total funding: €63M
Investors: iGrow Venture Capital, Venture Friends and Ventura Capital
Founder: Victor Trokoudes
Vertical: FinTech
About: Plum supports people on their financial journey and gives them the tools to manage, save and invest their money.
2. Simpler
Stage: Late Seed
Total funding: €9M
Investors: VentureFriends, MMC Ventures, Lamda Development, VGC Partners
Founders: Rania Lamperou, Alex Kyriakopoulos, Spyros Mandekis
Vertical: E-commerce
About: Simpler is an e-commerce platform offering a single-click checkout solution for merchants and consumers to simplify purchases.
3. Corsmed
Latest round: €3M
Stage: Seed
Total funding: €6M
Investors: BigPi Ventures, Luminar Ventures
Founders: Christos Xanthis, Erik Jacobsson
Vertical: MedTech
About: Corsmed develops a highly advanced simulation platform for MRI (Magnetic Resonance Imaging) to enhance health and patient safety.
4. Moveo.AI
Stage: Seed
Total funding: €2.9M
Investors: Eleven Ventures, Uni.Fund, Charge.vc.
Founders: Panos Karagiannis, German Attanasio Ruiz, George Karagiannis
Vertical: Conversational AI, Enterprise SaaS
About: Moveo builds AI agents that transform one-way communications into dynamic, personalized conversations for enterprises.
5. Wikifarmer
Latest round: €2.1M
Stage: Seed
Total funding: €9M
Investors: Inveready, Banco Santander, Point Nine, Metavallon VC
Founders: Ilias Sousis, Peter Sagos
Vertical: AgTech
About: A global platform which empowers farmers by providing education and connecting them to open markets, enabling them to sell products at fair prices and reduce food waste through direct buyer connections.
6. Biological Lattice Industries
Latest round: €1.7M
Stage: Pre-Seed
Total funding: €1.7M
Investor: Uni.fund
Founder: Filippos Tourlomousis
Vertical: MedTech
About: Focuses on democratizing biofabrication for the life sciences, synthetic biology, and pharmaceutical sectors by providing an ecosystem of robotic tools integrated with AI/ML. Offers a desktop software platform called Loominus, enhancing the scientific capacity of users in the biofabrication R&D cycle.
7. Novoville
Latest round: €640k
Stage: Seed
Total funding: €2.4M
Investors: IQbility, PJ Tech Catalyst Fund, Public.io, Uni.fund, VentureFriends
Founders: Fotis Talantzis, Iraklis Bourantas
Vertical: Smart City, SaaS
About: Civic engagement platform that enables citizens to interact more effectively with local government, enhancing service delivery and policy shaping through accessible and efficient cloud and mobile solutions.
US-based startups with one Greek co-founder and international VCs
Numa
Latest round: €31M
Stage: Series B
Total funding: €42M
Investors: Costanoa Ventures, Gradient Ventures, Threshold Ventures
Founders: Tasso Roumeliotis, Andy Ruff, Joel Grossman, Joel Grossman
Vertical: SaaS
About: AI platform designed for auto dealerships that integrates intelligent AI agents to enhance operations, manage customer interactions, and streamline communications, significantly improving response times and customer satisfaction while driving profitability.
Connectly.ai
Latest round: €19M
Stage: Series B
Total funding: €36M
Investors: RX Ventures, Unusual Ventures, Volpe Capital
Founders: Stefanos Loukakos, Yandong Liu
Vertical: Conversational AI
Read more: Axoflow Raises €6.7M to Fix Security Data Chaos. Balázs Scheidler Shares Their Next Plans
About: A conversational commerce platform that helps small and medium-sized businesses streamline customer messaging across various channels, facilitating sales and enhancing customer relationships in a more personalized manner.
RetinAI
Latest round: €7.7M
Stage: Series B
Total funding: €16M
Investors: Topcon Healthcare, Verve Ventures
Founders: Stefanos Apostolopoulos, Carlos Ciller
Vertical: MedTech
About: A software company specializes in enhancing R&D for drug candidates and clinical trial management, focusing on eye disease treatments. It develops tools for collecting, analyzing, and organizing health data to support precision medicine for patients and physicians.
