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venturefriends.vc

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Investments

53

Portfolio Exits

1

Funds

2

About VentureFriends

VentureFriends is a venture capital firm that looks to invest and support startups.

VentureFriends Headquarter Location

Athens,

Greece

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Research containing VentureFriends

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CB Insights Intelligence Analysts have mentioned VentureFriends in 1 CB Insights research brief, most recently on Jul 23, 2020.

Latest VentureFriends News

Plum rakes in $14m of new funding

Oct 15, 2021

1 hour ago Money management app Plum has sealed $14m of an expected $24m series A funding round. The round is led by a consortium of investors, with Ventura Capital and dmg ventures joining previous investors including Global Brain, VentureFriends and 500 Startups. The round also features renowned fintech players Francesco Simoneschi, CEO and co-founder of Truelayer; Charles Delingpole, CEO and founder of ComplyAdvantage; and Hugh Strange, VP of product at Nubank as angel investors. Launched in the UK in 2017 by former TransferWise staffer Victor Trokoudes and Alex Michael of TicTail, Plum uses AI to automate key parts of personal finance for its users, such as automated savings, bill switching and investing. Plum’s revenue has strengthened over the past ten months, with +189% YOY growth, as customers leveraged new tools and features launched during 2021. The series A round will primarily be used to drive expansion, and with regulatory approval expected to offer investments in the EU, Plum will provide users in France, Spain and Ireland access to its US stocks product going live later this year. The app already covers 26.6% (119 million people) of the EU population, and harbours plans to cover 70.6% (316 million people) by the end of 2022. On the announcement, Victor Trokoudes, CEO & co-founder of Plum, stated: “Wealth for all is our mission and we’ve made some great strides towards making that reality this year, expanding our user base massively and delivering a product that looks more-and-more like a financial super app. But there’s a lot more work to be done.” “The appetite for smart and intuitive investment products is enormous, particularly in other parts of Europe where often old-fashioned banks are the only option for growing your money. With the help of this new investment and our upcoming crowdfund, our app will become the natural choice for anyone in Europe looking to improve their finances for the long-term.” Related Companies

VentureFriends Investments

53 Investments

VentureFriends has made 53 investments. Their latest investment was in Plum as part of their Series A - II on October 10, 2021.

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VentureFriends Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/15/2021

Series A - II

Plum

$14M

No

2

9/20/2021

Series C

Blueground

$140M

No

5

8/13/2021

Seed VC

Orchata

$4M

Yes

2

7/7/2021

Series A

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$99M

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10

7/6/2021

Series B

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$99M

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10

Date

10/15/2021

9/20/2021

8/13/2021

7/7/2021

7/6/2021

Round

Series A - II

Series C

Seed VC

Series A

Series B

Company

Plum

Blueground

Orchata

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Amount

$14M

$140M

$4M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

2

5

2

10

10

VentureFriends Portfolio Exits

1 Portfolio Exit

VentureFriends has 1 portfolio exit. Their latest portfolio exit was MyJobNow on January 28, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/28/2021

Acquired

Skroutz

1

Date

1/28/2021

Exit

Acquired

Companies

Valuation

Acquirer

Skroutz

Sources

1

VentureFriends Fund History

2 Fund Histories

VentureFriends has 2 funds, including VentureFriends II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/19/2018

VentureFriends II

$55.57M

2

5/3/2017

VentureFriends I

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$99M

10

Closing Date

3/19/2018

5/3/2017

Fund

VentureFriends II

VentureFriends I

Fund Type

Subscribe to see more

Status

Amount

$55.57M

$99M

Sources

2

10

VentureFriends Team

3 Team Members

VentureFriends has 3 team members, including current Founding Partner, George Dimopoulos.

Name

Work History

Title

Status

Apostolos Apostolakis

Founder

Current

George Dimoupolous

Founder

Current

George Dimopoulos

Founding Partner

Current

Name

Apostolos Apostolakis

George Dimoupolous

George Dimopoulos

Work History

Title

Founder

Founder

Founding Partner

Status

Current

Current

Current

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