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Unquote
  • Funds

Marathon holds €32m second close for seed fund

  • Nicole Tovstiga
  • Nicole Tovstiga
  • 02 February 2018
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Greek venture capital firm Marathon Venture Capital has held a second close on €32m for its seed fund.

The Athens-based firm seeks to invest in early-stage tech companies. It will lead seed rounds and inject between €500,000-1m for 15-20% equity stakes.

Investors
Latest investors to have committed to the fund include the European Investment Fund and the Greek government’s fund-of-funds Equifund.

Marathon Venture Capital II

  • Closed on:

    €32m (2nd close), Feb 2018

  • Focus:

    Early-stage tech

  • Fund manager:

    Marathon Venture Capital

Investments
To date, the fund has made two investments, including in Brighton-based Landoop, a data streaming management platform, and Stockholm-based Norbloc, a 'know-your-customer' platform allowing easy onboarding, updating and monitoring of customer files for financial services companies.

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