Greeks in Tech: Paris

What
We will be visiting Paris in our quest to meet with Greek founders and technologists around Europe. Beers are on us!

When
Tuesday, March 10, at 18:30, till late.

Where
The Cork & Caravan, 70 Quai de Jemmapes, 75010 Paris

Why
We believe in connecting relevant people who are doing great things. Plus, we like to have drinks with friends, old and new.

RSVP
Please RSVP on Facebook and/or Linkedin so we have a sense of how many to expect.

Check https://marathon.vc/ for more.

Paris Greeks in Tech, spread the word and see you there!

The Complete Legal Package For Seed Financing of a UK Limited Company

The location of the headquarters of a company is very much a case-by-case decision. Such a decision is usually driven by the location of the team, the company’s customers, or related infrastructure. Many Greek founders, for example UK residents, choose to incorporate their headquarters as a UK Limited Company.  To assist with the process, we are today releasing the full package of legal documents required for a Series Seed round in a UK-based company.

Similarly to the seed financing legal package for companies incorporated in Greece that we have released previously, the UK seed financing legal package includes:

The above documents were prepared by Waterfront Solicitors, adapting our standard term sheet to UK law. The terms reflected above convey what we believe to be best practice for a seed round. 

We hope this legal package to be of value for founders raising a seed round as well as other market participants engaging in the process.


None of this post and the above documents constitutes legal advice. Specialist legal advice should be taken in relation to specific circumstances. The contents of this webpage are for general information purposes only. Some of the material on this site may have been prepared some time ago. Please contact us if you need comprehensive and up-to-date information on the above.

Causaly Raises $5M Series A by Pentech, EBRD & Marathon

“If I were starting a company today, it would use AI to teach computers how to read,” said Bill Gates in an interview last June. Machine reading –teaching computers to read, understand and interpret knowledge, at scale– is the next frontier in natural language processing, and Causaly is delivering against it.

Imagine having a friend who has read all the available literature in health and life sciences, highlighted every cause-and-effect relationship within it, and put everything together in a single map. What would you ask your dear omniscient friend? That’s Causaly, and here is an example of how it works:

We first invested in Causaly a year ago. Since then, cofounders Yiannis Kiachopoulos and Artur Saudabayev built a rock star team, delivering a groundbreaking product that has already captured the attention of some of the largest organizations in pharma, biotech and healthcare around the world. Reception of Causaly in the industry has varied from amazement to disbelief, and examples like this one of a pediatrician finding evidence on a rare disease’s effect keep coming in.

Today, we are excited to share that Causaly has raised a $5m Series A round, led by Pentech Ventures, with the participation of EBRD and Marathon. We look forward to working closely together with Marc Moens and Zaya Kadyrova. This investment is a testament to the progress being made, as well as a glimpse into the opportunity that lies ahead.

Opening up access to medical knowledge in ways that have not been possible before is as fascinating a technology company can get. Causaly’s team in London and Athens is growing, and has embarked on a mission to move healthcare and life sciences forward. We feel privileged to be part of this journey, and we certainly recommend that you keep an eye on what’s coming next from Causaly!

Greek Enterprise Software Startups Serving Fortune Global 2000 Customers

The Greek startup industry has been growing strong, and companies serving the enterprise have delivered a big part of such growth. An increasing number of Greek enterprise software startups are successfully serving some of the largest companies in the world. With this post, we would like to bring them to the forefront and highlight what makes us excited about them.

Doing business with the world’s largest companies requires a world-class mix of talent, products, and processes that cater to the highest standards. By serving such large customers, employees of such companies continuously improve their technical and operational competence. Their founders are becoming more ambitious, and the industry’s profile as a whole is raised in the minds of investors and acquisitors alike.

In what follows, we put together a list of 23 Greek enterprise software companies that cater to the Fortune Global 2000, along with some of their most prominent customers. The list includes companies that were founded fairly recent, in their vast majority in the last decade, and maintain a significant part of their operations –including R&D– in Greece. It is by no means exhaustive –there are more such startups, and we welcome any additions– yet we believe it is pretty telling:

ENTERPRISE SOFTWARE ENG.png

Let us provide some more color on what you just saw. The marketing engine of the most valuable company in the world. The largest European airline’s hiring machine. The largest US restaurant chain’s employee training platform. America’s largest oil producer contracts and bidding recommendations. The real-time data infrastructure of one of the largest insurers and banks in Europe. All of the above are powered by software made in Greece! And what our mapping highlights is just the tip of the iceberg, since most such customer engagements are not made public…

A few thousand people are working in these companies, improving their game every day by meeting the requirements of some of the most demanding companies in the world. Engineers are joined by professionals across the spectrum, from support to sales to marketing to finance to HR, building technology products and the companies around them, at the same time accumulating hands-on experience that is highly sought after around the world. 

To us, these world-class professionals, and their peers in similar companies, in Greece or beyond, are the backbone of our industry – our greatest asset. And, judging from what we see in the market, compared to what used to be the case only a few years ago, we believe they have now reached critical mass – more startups starting to cater to this kind of companies than ever before, and this is just the beginning.