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Metavallon VC is a prominent venture capital fund established to support early-stage technology startups, particularly those with strong ties to Greece. Founded in 2016 and based in Greece, the firm has successfully raised a total of €70 million across its funds, positioning itself as a key player in the local tech ecosystem. The firm is dedicated to providing initial investments and hands-on support to help startups grow and succeed. With a focus on fostering innovation and building world-class R&D teams, Metavallon VC plays a pivotal role in enhancing the local tech landscape. The firm has established a reputation for its commitment to reversing the brain drain in Greece, which has seen over 600,000 skilled professionals leave the country since the 2009 financial crisis. By investing in startups that can leverage Greece's talent pool, Metavallon VC aims to contribute to the local economy and create sustainable growth.
Metavallon VC invests in early-stage technology startups across a diverse range of sectors, including artificial intelligence (AI), fintech, healthcare, biotech, energy, climate, mobility, commerce, and the Internet of Things (IoT). The firm primarily targets pre-seed investments ranging from €200,000 to €400,000 and extends up to €1.5 million at the Seed and Seed+ stages. Metavallon VC is particularly interested in startups that can establish R&D operations in Greece, thereby contributing to the local economy and reversing the brain drain. The fund emphasizes deep-tech and B2B sectors, seeking companies that demonstrate innovative solutions and have the potential for significant impact. By leveraging Greece's rich talent pool, Metavallon VC aims to support startups that are not only technologically advanced but also capable of building sustainable business models that can thrive in the competitive global market.
Metavallon VC boasts a diverse portfolio of 54 companies, showcasing its commitment to supporting innovative startups across various sectors. Notable portfolio companies include **Speen**, which offers e-bike enhancement solutions; **Racecheck**, a community platform for athletes to find races; and **Useberry**, specializing in user testing for prototypes. Other significant investments include **Purposeful Data**, which focuses on drug repurposing solutions, and **Intelistyle**, providing AI fashion styling services. The firm has also backed **Yaspa**, known for biometric authentication solutions, and **Advantis Medical Imaging**, which offers cloud-based advanced medical imaging. Additionally, **Ferryhopper** is an online ferry booking platform, while **Better Origin** develops insect bioconversion products for animal feed. The firm has achieved notable exits with companies like **Think Silicon**, acquired by Applied Materials, and **Seervision**, acquired by Q-SYS, highlighting its successful investment strategy and the potential for significant returns.
Demetris Iacovides - Partner leading the Brain Gain Fund, Demetris has extensive experience in venture capital and is focused on reversing Greece's brain drain by supporting startups that can build R&D teams in the region.
To pitch Metavallon VC, founders should prepare a detailed business plan and pitch deck that outlines their startup's vision and market potential. While specific submission guidelines are not provided, the firm values well-structured pitches that demonstrate a clear connection to Greece's talent pool and R&D capabilities.
Recently, Metavallon VC launched the Brain Gain Fund, a €5 million initiative aimed at fostering talent and innovation in Greece. This fund targets deep-tech startups committed to establishing R&D operations in the country. The firm has been actively publishing blog posts discussing the rationale behind this initiative and its potential impact on the local tech ecosystem.
Metavallon VC primarily invests in early-stage technology startups, focusing on pre-seed, seed, and seed+ stages. The firm typically provides initial investments ranging from €200,000 to €400,000 at the pre-seed stage and up to €1.5 million at the seed and seed+ stages.
To pitch Metavallon VC, founders should prepare a comprehensive business plan that outlines their startup's vision, market potential, and how they plan to leverage Greece's talent pool. While specific submission guidelines are not detailed, a well-structured pitch deck is essential.
Metavallon VC invests across a wide range of sectors, including AI, fintech, healthcare, biotech, energy, climate, mobility, commerce, and IoT. The firm is particularly interested in startups that can establish R&D operations in Greece.
The typical check size for Metavallon VC ranges from €200,000 to €1.5 million, depending on the stage of investment. Pre-seed investments are generally between €200,000 and €400,000, while seed and seed+ investments can go up to €1.5 million.
While Metavallon VC is based in Greece and primarily focuses on startups with strong Greek connections, it also supports companies from Greek universities and startups abroad that align with its investment thesis.
Metavallon VC offers hands-on assistance to its portfolio companies, leveraging its extensive network to facilitate follow-on funding and strategic partnerships. This support helps startups navigate the challenges of growth and scale effectively.
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