This month in Greek Startups – MAY24

As we move closer to summer, Greek Startups turned up the heat a month early.

Let’s find the eight startups that got funded in the past month. 

Greek Startups Funding May 2024

WeatherXM, just secured $7.7 million in funding led by Lightspeed Faction. Their goal? To create a worldwide network of tiny, affordable weather stations.  Imagine a system that combines the power of web3, internet-of-things (IoT) technology, and traditional weather monitoring – that’s WeatherXM’s vision. This decentralized, community-driven network would gather hyper-local weather data from every corner of the globe, making it universally accessible and beneficial.  WeatherXM believes this model will create significant value, open new doors, and ultimately improve the lives of millions around the world.

Next in line, Harbor Lab, just scored a big win with a $16 million funding round led by Atomico. Their innovative software tackles a longstanding headache in the shipping industry: managing disbursement accounts.  Harbor Lab’s platform automates the analysis of these accounts, using electronic data to calculate and compare port expenses against real-time costs.  This translates to a faster, more digital workflow, with fewer errors and significant cost savings for everyone involved in shipping – owners, managers, and charterers alike.

Who’s next?

Infinite Orbits, a NewSpace company, recently secured €12 million in funding to extend the lifespan of satellites.  They develop innovative spacecraft equipped with their Rendez Vous solution, an advanced vision-based navigation software for autonomous operations in orbit.  Infinite Orbits designs, owns, and operates these “Servicers” to provide a range of in-orbit services for geostationary satellite operators. Including inspections, lifespan extension, and end-of-life management, as well.

Are you looking for funding and support to launch your Gen Z-focused or B2B enterprise software startup?

Apeiron Venture Capital, a newly launched early-stage VC firm, announced a fund of €25 million. Their focus is on investing in Greek and European startups,. with an emphasis on Gen Z-oriented businesses and B2B enterprise software. Apeiron goes beyond just funding – they position themselves as partners, offering capital, network connections, and. strategic guidance to the “Venture Characters” they invest in, those entrepreneurs with the potential to redefine markets.

Continuing the excitement, Acumino, an R&D company, recently secured $6.5M in Seed funding led by Big Pi Ventures. Their goal is to develop General Robotic Intelligence and enable robots to perform complex and dexterous tasks in unstructured environments. This achievement addresses one of the biggest challenges in robotics: grasping and manipulation in dynamic and diverse environments, including working around people.

Is your customer support team struggling to keep up with high inquiry volume?

Gradient Labs a developer of autonomous AI agents powered by large language models (LLMs), recently secured funding to automate customer support. These AI agents aim to resolve up to 80% of inquiries, enabling companies to scale customer service with minimal human staff. The focus is on exceptional customer support with guaranteed good outcomes, exceeding “best effort” automation.

Next in line, Greek green fuel leader LanzaJet (Jimmy Samartzis) scored big with a $30M investment from Southwest Airlines and additional funding from Microsoft’s Climate Innovation Fund. LanzaJet is a champion for sustainable fuels, aiming to speed up the transition to cleaner energy with a “circular economy” approach. They’re making safe, eco-friendly fuels from waste and low-carbon sources a reality today.

Last but not least, Givelink, just secured €200,000 in funding, from Erietta Kourkoulou Latsi and Vasileiadis Group of Companies (V Group). They’re aiming to revolutionize charitable giving by creating a “donation marketplace.”  

Their app and website connect donors with charities, allowing users to browse needs, choose items, and track deliveries. Givelink partners with suppliers to ensure essential goods are readily available for donation.  Donors even receive a photo confirmation of their delivery, along with a message from the grateful charity. 

Watch the episode with Antonis Politis, the Founder & Managing Director of Givelink here!

Congratulations to all of you! May this investment launch your business to success!
See you next month!

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Greek Startups Funding May 2024