Openfund

Materials Hack
Playground for innovative materials powered by Borealis.
8th-10th July – Vienna, Austria
2.5
days Hackathon
3
weeks Incubation
2
winning teams
24K
cash prizes
Openfund

Claim instruction: 

  1. Send us an email to claim@startus.cc from an official Openfund​ email account. The content must be:

    StartUs buddies, 

    Please, allow me to claim rights over Openfund​

    Best regards,
    [your name]

  2. Once sent the email click the Claim Startup button.
  3. Our team will verify the origin account and will grant claim rights over the startup to the user if everything is ok.
General information: 

Openfund is a seed venture capital fund, targeting innovative business ideas around software and the web.
THESIS
We partner with pioneering technology companies taking advantage of software, mobile platforms and the web.

We invest in companies registered and operating in Greece, yet addressing international markets. Innovation in products, services or business models is essential. We also require technology to drive value creation.

Our investment strategy is goal driven. We work closely with teams, supporting them in achieving their goals quickly and efficiently, and provide follow-on capital as these are met.

BENEFITS
The Openfund is set up with a clear objective: to provide entrepreneurs with everything required to create and grow a successful technology company.

STARTING-UP
Openfund assists entrepreneurs in structuring applications, improving value proposition and receiving guidance through their initial steps. Incorporation and similar administration issues are also taken care of by Openfund. In short, entrepreneurs are provided with everything essential for a smooth start.

ADVICE
World-class mentors consult with entrepreneurs on a broad range of issues, ranging from technology to business development to marketing to legal and accounting.

NETWORK
Openfund’s partners and mentors provide a reputable network of contacts, assisting entrepreneurs on tasks including hiring, partnerships and investor relations, among others. Openfund’s network essentially brings entrepreneurs a few connections away from those who matter for their business.

FUNDING
On top of the amount the Jeremie Openfund II contributes, its broad network provides entrepreneurs with access to a range of regional and international sources of capital, including both institutional and private investors. Openfund aims to make fundraising simpler for its successful portfolio companies.

Company information: 
Company type: 
Accelerator
Industry: 
Startup Services
Products and Services: 
BUILD A PRODUCT

A call for proposals will open again soon
When a Call for Proposals is open, you can typically expect a response within 30 days of submitting. You can still submit at other times but it may take longer for us to respond.
Applicants must comprise a strong founding team and have a clear plan to deliver a valuable product.
Selected entrepreneurs receive an investment starting from €50k to build a product with some traction within a few months.
Should targets be met, a similar amount is provided to establish recurring revenue and early proof of product-market fit.

BUILD A BUSINESS

We welcome seed submissions around the year.
Companies with recurring revenue and early proof of a product-market fit, also a clear growth plan.
Selected companies receive €200-500k to grow their business, become cashflow positive and get ready for a Series A round.
At this stage we expect a concrete business plan. Please consult the Openfund business plan template.

JOBS

If you would like to work for a startup, you are in the right place.
Openfund portfolio founders keep an eye on resumes submitted here.
Open positions vary from software development to design to business to marketing.

Contact:

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