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Greek Big Pi Ventures Closes €130M Growth Fund

Greek Big Pi Ventures Closes €130M Growth Fund, TheRecursive.com
Image credit: Big Pi Ventures
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Greek-founded Big Pi Ventures has closed €130 million in the first round of its new growth fund.

The firm aims to help Greece evolve from a starting point for startups into a sustainable base for growing global companies. Big Pi backs founders with strong links to Greece, whether they operate locally or are part of the wider Greek diaspora.

Established in 2018 by Marco Veremis, Alex Eleftheriadis, and Aristos Doxiadis, the firm has refreshed its leadership team: Veremis, Panos Metsis, and Nick Kalliagkopoulos now lead fund management, while Eleftheriadis and Guy Krief remain involved.

Doxiadis, a key figure in Greece’s venture capital development, retired after receiving a lifetime achievement award in 2023.

Tech-first focus on deep innovation

Big Pi follows a “tech-first” strategy, targeting startups with strong intellectual property in AI, biotech, blockchain, and deep tech. The firm not only invests capital but also provides hands-on support and access to its international network. All portfolio companies are expected to maintain significant operations within Greece.

The firm’s initial €48 million fund made 23 investments and delivered notable exits, including Accusonus, which was acquired by Meta. The new €70 million growth fund is already active, with investments in Astrato Analytics, Corsmed, and Acumino.

Building Greece’s place on the global innovation map

With its new fund, Big Pi aims to scale Greece’s top tech companies and cement the nation’s position in the global innovation ecosystem. Partner Guy Krief, co-founder of Persado (which now generates $100 million in annual recurring revenue), said the focus remains on companies “where technology and intellectual property are core to the value proposition.

Beyond financial returns, Big Pi’s mission is to create an environment where Greece’s best talent can stay, build, and compete globally.

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