Evercurious VC, a new €12.5 million venture capital fund, has officially launched with the goal of connecting Greece’s emerging deep tech ecosystem with Europe’s leading innovation hubs, such as Zurich, Munich, and Berlin. Focused on pre-seed and seed-stage startups, the fund aims to foster cross-border collaboration, driving growth for purpose-driven founders at the intersection of hardware and software.
The fund, founded by Alex Vamvakas and George Georgiadis, aims to foster cross-border collaboration, enabling startups to scale internationally while positioning Greece as a rising player in Europe’s deep tech ecosystem.
Engineers turned investors’ comeback to Greece
Both founders bring a unique mix of engineering expertise and international experience into the play. Alex Vamvakas, has worked at CERN and Fairway Asset Management, while George Georgiadis spent over a decade at Volkswagen’s headquarters. Their shared vision for Evercurious VC is to blend this global perspective with Greece’s local talent.
“We decided to return to Greece because we saw its untapped potential as an emerging tech hub,” explains Georgiadis for The Recursive. “Having built successful careers abroad, we were inspired by the talent and innovation in Greece. We wanted to create a fund that supports local deep-tech founders, helping them scale globally while connecting them to leading European hubs. At the same time, we aim to help Western European startups expand into Greece and tap into its exceptional talent pool.”
George adds that founders’ professional experiences have played a crucial role in shaping their approach to VC, especially in the deep-tech space.
“Alex’s background in scientific research and his time at CERN instilled a strong focus on innovation and the potential of technology to address complex global challenges. My time at Volkswagen gave me deep insights into R&D and corporate strategy, showing me how transformative technologies can disrupt industries. Together, we approach deep-tech investments with a focus on research-driven companies that have defensible technology and the potential for significant impact.”
Looking for ventures at the intersection of hardware and software
Evercurious VC’s initial fund of €12.5 million will focus on pre-seed and seed-stage deep tech startups.
“We’re particularly excited about the intersection between hardware and software,” says George. “It opens up vast opportunities for truly defensible innovation. By supporting ventures in areas like MedTech, Robotics, Clean Energy, and Sustainable Mobility, we can help create impactful, sustainable solutions for the future while addressing large markets.”
Evercurious VC places a strong emphasis on research-driven ventures, including university spin-offs that bridge the gap between science and business. “Deep tech is where the hardest problems are solved, and the biggest opportunities arise,” explains Alex. “We’re looking for founders who are tackling global challenges with defensible technology, creating solutions that are not only innovative but also scalable.”
The fund is backed by the Hellenic Development Bank of Investments (HDBI) as its anchor investor and is targeting a second funding round in 2025 to raise its total capital to €20 million. Over the next few years, Evercurious VC aims to build a portfolio of around 20 startups, with its first investments expected to be announced soon.
By fostering a culture of collaboration and innovation, Evercurious VC hopes to create a lasting impact, positioning Greece as a vital part of Europe’s deep tech ecosystem while supporting founders on their journey to solving global challenges.
