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Innovate in Greece by SEV & Endeavor Greece

George Tsarouchas: The truly valuable information is in the minds of millions of experts around the world.

George Tsarouchas talks with Marco Veremis about how he decided to create Dialectica in 2015, amidst capital controls and what challenges he faced in the first years.

The CEO and Co-Founder of Dialectica discusses ways of finding the right expert who can answer every client's questions and talks about the digitization of information.

Finally, together with Marco Veremis, they discuss the crucial importance of personal relationships and the choice of the right co-founder for Dialectica.

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Despite the economic challenges in recent years, the startup ecosystem in Greece maintains a strong investment flow, yet with a decrease of 24.5% in 2023. Series A and B stages were predominant, showcasing the resilience of the tech and innovation sector. Moreover, Greece was the country that contributed to almost 40% of the top 20 venture capital deals in 2023 in Eastern Europe, dedicating €351.8M to various companies. In 2024, to date, startups with Greek founders or HQ raised more than €400M. The ecosystem witnessed 4 Series A, 1 Series B, 1 Series D and a number of early or late-stage transactions.

Moveo.AI raises EUR 2.3M in seed funding led by Eleven Ventures, with participation from Uni.Fund and Charge.vc. The startup specializes in proprietary LLMs designed for enterprise customer experience – with boosted performance in areas like latency, data privacy, and reliability compared to third-party models.

Caroo, a car sharing service, secured a new seed round. The lead investor of the round was Loggerhead V.C., a climate oriented VC in Greece. The company provides a viable and affordable alternative to car ownership by tapping into the seasonally dormant fleet of car rental companies.

Corallia Ventures TT Fundis a new venture capital fund for early stage, high potential, tech transfer startups based in Greece. The Fund aims to finance innovative early-stage companies that have emerged from technology transfer. Corallia Ventures' available funds amount to EUR 22.5 million, while the amount of its investments in each startup can initially reach up to EUR 300,000, while subsequent investments can reach EUR 1-1.5 million in one or more stages.

L-Stone Capital announced a new investment in Zenus, a leader in ethical persona analysis. Zenus offers businesses deep understanding of human behavior and experience through metrics such as impressions, demographics, dwell time, and consumer "positive energy" indicators.

Cypriot startup Theramir raises EUR 525,000 bridge round to reach clinical phase. Theramir’s search to develop a new targeted cancer therapy has been strengthened by a healthy capital infusion, funding its operations through to the second half of 2025, where it plans to secure a licencing agreement and start clinical trials for its patented EVmiR.

Fintech Plum has raised £13.4 million in funding from institutional investors, bringing the company’s funding to over £73 million. The company has more than 2 million customers who are using the app to seamlessly set money aside in 10 markets across Europe. Investors included Eurobank. iGrow Venture Capital, Venture Friends, and Ventura Capital. The company has also raised an additional £2.7 million via crowdfunding. This brings the total to £16 million raised in Plum’s Series B round.

Greek Prime Minister Kyriakos Mitsotakis has announced a new €250K investment option under the Golden Visa program, which will now include startup investments. This initiative is part of a broader economic strategy introduced at the 88th Thessaloniki International Fair. Launched in 2014, the Greek Golden Visa program, formally known as the Greek Residency by Investment Programme, enables non-EU citizens and their families to obtain Greek residency permits through qualifying investments in Greece. The program is designed to attract foreign investment and boost economic growth.

Dr. Konstantinos Daskalakis, President of the National Committee for Artificial Intelligence, discusses with Maggie Athanasiadi, Director of the Industry, Development, Technology & Innovation Sector of SEV, on "Artificial Intelligence and business: areas of application and decision making".

There are 1.000 scheduled B2B meetings between German and Greek companies and institutions at the 88^th International Fair of Thessaloniki (ΔΕΘ). The interest of German companies in investing in Greece remains strong, as the German Ambassador in Athens, Andreas Kindle, said in response to a question at the press conference for the International fair.

Latsco Familly Office acquired a minority stake of 30% in Eurocatering S.A., a leader in the category of ready-to-eat fresh cut salads and in the market for the distribution of fresh fruit and vegetable products. In the context of the transaction, the investment fund managed by EOS Capital Partners transferred to the new shareholder 12.18% of Eurocatering, while the investment fund managed by Elikonos Capital transferred its 17.82% stake in the company's share capital.

AVOKADO offers energy optimization functionality with the use of artificial intelligence. It is an innovative, disruptive technology startup that aims to change the way people and companies use, produce, and interact with energy. AVOKADO was born out of the investment of MYTILINEOS, a leading energy provider with deep knowledge of the sector, international activity, and credibility. We met with Vassilis Nikolopoulos, co-founder and CTO of the company. For the last 25 years, he has been working in applied research, technology transfer and innovation management procedures, focusing on big data problems applied to utilities and the digitalization of the energy sector. Here’s what he told us.

Hellenic Federation of Enterprises is organizing a business day with Public Group on October 24. Company’s executives will meet and discuss with Greek startups and scaleups at the group’s premises. To learn more about the Business Days initiative click here.

Hellenic Federation of Enterprises - SEV is organizing the 16th Innovation Ready, a matchmaking event about Digital Manufacturing οn October 30. The event will feature 1-on-1 meetings between the industry, big enterprises, startups, and university spin-offs. For more information please email us.

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