| VELOCITY PARTNERS | |||
| Name of responsible organization: VELOCITY PARTNERS | |||
| Venture Website: https://velocitypartners.vc/ | |||
| NATIONAL OR LOCAL | National | ||
| Starting year | 2018 | End year | – |
| Velocity Partners is one of the funds of EQUIFUND. EQUIFUND is the Greek Fund of Funds created in 2013 (https://equifund.gr/). VELOCITY.PARTNERS is an industry agnostic Venture Capital fund, investing in pre-Seed & Seed stages, typically up to EUR 500K, and follow up next rounds, helping companies build their team, prove product-market fit, gain market traction and get ready for big-league VCs along the way. Founded in 2017, it has a portfolio of 26 start-ups investments in total. |
What kind of activity does this measure finance?
| Creation of new businesses | NO |
| Strengthening of existing businesses | YES |
| Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods) | ICT sector-oriented with a horizontal focus on SaaS, IoT, B2B and a sub-vertical focus on tech entrepreneurs wishing to operate in tourism/travel, fintech, logistics, retail, shipping, maritime and e-health and wellness. |
| Training activities | NO |
| Other (specify) | NO |
What type of financing is it?
| Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | Loans or Equity loans |
| Non-repayable grant (indicate the percentage of non-repayable fund) | NO |
| Tax credit | N/A |
| Other (specify) | Loans From 30k to 500k €, or Equity |
How does the activation of the measure work?
| One-stop means | Web Visit to https://metavallon.vc/ |
| Call with closing date | No |
Financial entity of the measure (indicate the resources allocated)
| Overall amount | N/A |
| % facilitation for each recipient | Ν/Α |
| Minimum amount that can be financed | N/A |
| Maximum amount that can be financed | Ν/Α |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | Greek.gov funds + EIF + Private investors |
Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)
| Female | Over 50 | Unemployed (specify any type) | Disadvantaged groups (specify type) | Youth (specify age range) | Other (specify) | |
| Individual | ||||||
| Company |
Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | NO |
| Only Financial support | NO |
Is the measure considered a good practice and as such replicable in other national and / or international contexts?
| YES | Yes, it is a good practice |
How many initiatives have been financed in the last 3 years and for what economic amount?
| Number of initiatives: 26 since 2017 | Total economic amount: N/A |
