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Amid Greek tech boom, a prominent seed-stage firm locks down €75 million

May 7, 2025 | by AI

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Greek Tech EXPLODES: How This €75M Fund Is Betting BIG on Athens’ Startup Revolution

Athens Just Dropped a VC Mic Drop

Marathon Venture Partners just CRUSHED their latest fundraise with €75 million – proving Greece’s tech scene isn’t coming… it’s ALREADY HERE. This brings their total war chest to €175 million, making them the undisputed heavyweight champions of Greek seed investing.

“We don’t chase trends – we CREATE them. While others were sleeping, we backed defense tech before Ukraine, AI before ChatGPT, and robotics before the hype cycle.”

Panos Papadopoulos, Marathon Venture Partners

Why Greece? Why NOW?

While most VCs were playing it safe, Marathon was making POWER MOVES:

  • 💰 $110M Augmenta exit to CNH (farm tech doesn’t sound sexy until you cash that check)
  • 🔒 Secondary sale of Hack the Box shares to Carlyle (cybersecurity goldmine)
  • 🚀 Portfolio companies serving Fortune 500 from DAY ONE (0% domestic revenue? That’s global domination)

The Marathon Playbook: How They Win When Others Lose

In a world where most VCs are praying for IPOs, Marathon’s strategy hits different:

  • Early & Often: Get in at seed, maintain BIG equity stakes
  • Cash is KING: Did secondaries in 2021 when others were high on “hold forever” hopium
  • No Consensus = Opportunity: Backing PhDs and industry outsiders others ignore

“Adversity is the mother of invention. Greek founders don’t need easy money – they BUILD through grit.”

Papadopoulos dropping truth bombs

The Greek Secret Weapon

While other ecosystems drown in vanity metrics, Athens is quietly building:

  • 💡 Deep tech without the buzzword bingo
  • 🌍 Global customers from launch (no “local first” training wheels)
  • ⚡ Capital efficiency baked into their DNA

What’s Next? The Athens Takeover

With American VCs retreating and EU funding flowing, Marathon is positioned to DOMINATE:

  • 🤝 Prime Minister Mitsotakis putting Greece on the tech map
  • 🛡️ Defense tech lead proving Greek innovation isn’t just about souvlaki and sunshine
  • 📈 Valuations that still leave room for MASSIVE returns

Bottom Line: The smart money isn’t just watching Greece – it’s doubling down. And Marathon Venture Partners just showed everyone how it’s done.

Image Credit: Deepak Bhandari on Pexels

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