George Tziralis – June 13, 2014
facts and figures
Whereabouts
• Jeremie Openfund II, set up in Dec 12
• initially €10m, now €11.7m
• EIF & 12 private investors
Strategy
• pre-seed, €50-150k
‣ build a product and some traction
• seed, €300-500k
‣ from validation to growth
Applications
• ~800 in total so far
• 12 investments made
• 1.5% acceptance rate
Maturity
• 5/12 with a prototype
• 4/12 with traction
• 2/12 with revenues
• 7/12 had none!
Portfolio
Everything software
marketplaces, saas, mobile, consumer,
enterprise, travel, recruitment,
recommendations, storage, gamin...
Stage
• 10 pre-seed / 6 seed (incl. followups)
• avg pre-seed: €106k*
• avg seed: €302k*
* fund's participation
Founding teams
• 4 of a single founder
• 5 of two founders
• 3 of three founders
• recommended: two founders
Co-investors
• 23 co-investors in portfolio companies
• 20 angels, 3 funds
• 13 GR based
Employees
• 82 employees across the portfolio
• building special products
• accumulating unique experience
• having an imp...
Creating value for
• hundreds of enterprises
• thousands of clients
• millions of users
Mission
Complement founders with whatever
they require to turn:
• ideas into products,
• products into businesses &
• busi...
Takeaways
• The world is flat; you can go a really
long way
• Ecosystem matures in all fronts; yet it
takes time
• Work ha...
gt@theopenfund.com
Thank you
flickr credits: modern_nomad, olibac, kitsu, shedboy, mountainbread,
txmx-2, andrew_ashton, e...
Upcoming SlideShare
Loading in …5
×

Openfund Facts and Figures – June 2014

2,222 views

Published on

Openfund Facts and Figures – June 2014

  1. 1. George Tziralis – June 13, 2014 facts and figures
  2. 2. Whereabouts • Jeremie Openfund II, set up in Dec 12 • initially €10m, now €11.7m • EIF & 12 private investors
  3. 3. Strategy • pre-seed, €50-150k ‣ build a product and some traction • seed, €300-500k ‣ from validation to growth
  4. 4. Applications • ~800 in total so far • 12 investments made • 1.5% acceptance rate
  5. 5. Maturity • 5/12 with a prototype • 4/12 with traction • 2/12 with revenues • 7/12 had none!
  6. 6. Portfolio
  7. 7. Everything software marketplaces, saas, mobile, consumer, enterprise, travel, recruitment, recommendations, storage, gaming, security, reservations, music, wearables, retail, coupons, infrastructure…
  8. 8. Stage • 10 pre-seed / 6 seed (incl. followups) • avg pre-seed: €106k* • avg seed: €302k* * fund's participation
  9. 9. Founding teams • 4 of a single founder • 5 of two founders • 3 of three founders • recommended: two founders
  10. 10. Co-investors • 23 co-investors in portfolio companies • 20 angels, 3 funds • 13 GR based
  11. 11. Employees • 82 employees across the portfolio • building special products • accumulating unique experience • having an impact on the world
  12. 12. Creating value for • hundreds of enterprises • thousands of clients • millions of users
  13. 13. Mission Complement founders with whatever they require to turn: • ideas into products, • products into businesses & • businesses into successful companies
  14. 14. Takeaways • The world is flat; you can go a really long way • Ecosystem matures in all fronts; yet it takes time • Work hard and enjoy the ride
  15. 15. gt@theopenfund.com Thank you flickr credits: modern_nomad, olibac, kitsu, shedboy, mountainbread, txmx-2, andrew_ashton, eschipul, nasamarshall, klearchos

×