Openfund II is a €10M fund that will invest in pre-seed and seed stage software startups based in Greece. It is led by the founders of Openfund I and aims to complement founders by providing advice, mentoring, and capital to turn ideas into products and businesses. Pre-seed investments will be €50k for 10% equity rising to €50k for 5% more equity, while seed investments will range from €200k to €500k. Requirements include software-enabled businesses targeting international markets and being incorporated in Greece. The application process involves submitting a business plan and presentation.