Investment in VENTURE FRIENDS 3 COÖPERATIEF U.A.
We have acted as legal advisors of the Hellenic Development Bank of Investments in relation to its participation, as an institutional investor, to VENTURE FRIENDS 3 COÖPERATIEF U.A., a fund focusing in B2C, Marketplaces, Fintech, eCommerce and PropTech.
VentureFriends investment fund announced the creation of the third fund in a row with funds of 100 million euros, with the aim of supporting start-ups in Greece and abroad. The fund, belonging to Equifund's "family", has already raised 90 million euros, while it is ready to complete the process of raising the remaining funds in order to make investments in companies operating mainly in Europe, the Middle East and Latin America. This new fund will have a hard cap at €100 million euro and will be the 3rd fund in 5 years for VentureFriends, bringing the total funds under management to €170 millions euro.
VentureFriends has raised the majority of the funds from family offices/HNWII, former founders and operators, the European Investment Fund (EIF) which has supported VentureFriends in the past, as well as the Hellenic Development Investment Bank (HDBI).
As for the business sectors that fall within its field of interest, VentureFriends invests in companies operating in the sectors of proptech (technology related to real estate), fintech (technology for financial services), marketplaces, and Saas (software as a service).