The Greek Innovation Ecosystem saw a record-breaking year in 2020 reaching €455M in capital raised, an increase of 71% from 2019. It also brought a growth of 30% in new jobs, which is an optimistic sign that the Greek ecosystem is reaching a maturity stage. Following this phenomenal growth, Endeavor’s ScaleUp program welcomes 17 new highly promising companies, founded by Greek entrepreneurs around the world. Our Batch 3 companies have already made a significant impact with an increase in funding rounds by 17%, in comparison to the last, as highlighted in our Greek Tech Revolution Report.
Our program is tailored to support the growth of ScaleUps; innovative companies that can create high-impact success stories. They are at a Seed or Series A funding phase, and their high-impact entrepreneurs can generate new jobs and a multiplier effect in the local and global economy. For the selection of the new batch, Endeavor put together a panel that consisted of 41 world-class executives from companies like Facebook, American Express, and Microsoft. The panelists were looking for entrepreneurs that lead businesses with significant growth potential at an inflection point, that will enable scalability at a regional or global level and the creation of large-scale impact and new jobs.
There are now a total of 41 companies participating in the ScaleUp Program! In the program, entrepreneurs have access to strategic guidance from expert mentors around the world, access to investors through the international Endeavor investor network, support in expanding to new markets, and the organization’s cooperation with universities and businesses internationally, to attract talent. ScaleUp’s batches have found huge success as the participating companies have attracted €250M in investments, increased the number of jobs created by 35%, and grown in revenue by 60%.
The 3rd batch consists of the following members: Advantis, Anodyne, Arrikto, Better Origin, Billfront, Causaly, Classter, DCI, Green Panda, Instacar, Manual, Numan, Prosperty, Sync, TileDB, Vimachem, and Voda.ai. A noteworthy observation in this cohort goes to the addition of 6 companies in the health tech vertical, which has seen immense growth in the past years.
“With the addition of the new batch, Endeavor ScaleUp now supports 41 companies in different technological sectors, 50% of which are located abroad, making Endeavor ScaleUp an international community of promising companies for Greece” stated Anna Natsvlishvili, Innovation Programs Manager at Endeavor Greece.
The Greek Innovation Ecosystem is booming and there is a growing ambition for Greece to become a major technology hub, with world class tech entrepreneurs that in collaboration, positively impact Greek tech. With dozens of new startups being founded or launching operations in Greece, Endeavor Greece is excited to be a part of the evolving ecosystem. Through our ScaleUp program, we bring together entrepreneurs who are based all over the world, that want to make an impact on the Greek economy through the making of their success stories!
Advantis Medical Imaging provides a secure cloud-based medical image post-processing platform that includes organ-centered modules for medical diagnosis and follow-up of patients by physicians. Initially, Advantis provides an all-inclusive neuroimaging software platform, which assists (neuro)radiologists and brain MRI specialists to achieve a more reliable and timely diagnosis of severe brain human pathologies.
Founders: Dimitrios Rozakis, Paris Ziogkas, Zoi Giavri
Anodyne Nanotech is a preclinical-stage biotech company that develops differentiated, transdermal forms of high-value drugs. Its first practical and cost-effective platform, Hero Patch, delivers clinically meaningful doses of macromolecules such as monoclonal antibodies or small molecules for fast and sustained delivery.
Co-Founder & CBO: Konstantinos Tzortzakis
Arrikto empowers companies to rapidly turn data into actionable insights by democratizing machine learning and automating complex workflows. Simplify and accelerate ML projects with code to pipeline automation, advanced data management, and global scale collaboration.
Founders: Constantinos Venetsanopoulos, Vangelis Koukis
Better Origin’s technology fixes the broken link in the food system; using insects combined with their patented technology. Their cost-effective network of AI-powered insect mini-farms converts excess nutrients into essential nutrients, creating a better future now, farm by farm.
Co-founder: Fotis Fotiadis
BillFront is a leading and fast-growing technology-enabled finance provider dedicated to digital media companies globally. Through its technology platform, BillFront frees up working capital within the industry, thereby enabling its clients to accelerate their growth.
Co-founder: Gregor Dimitriou
Causaly is an AI for Biomedical Cause & Effect discovery, empowering researchers and decision-makers to quickly find causal evidence and generate insights from vast amounts of documents. The company is developing a machine-reading platform that turns free-flow text into causal knowledge graphs and applies machine learning to surface new knowledge.
Co-founder: Yiannis Kiachopoulos
Classter is a robust single-platform school management solution offering a holistic approach to education. This platform is very compatible and offers a wide range of features that gives any school the power to manage all their operations with measurable results and to build updated communications with controlled access to teachers, students, and parents.
Founder: Nikolaos Nikou
Digital Commerce Intelligence is an AI-driven online market share data & competitive performance intelligence for brands in Southeast Asia. They provide actionable data & predictive analytics to guide a brand’s digital commerce performance, by applying Data Science techniques and then using Artificial Intelligence technology.
Founder: Kyriakos Zannikos
Green Panda is the first Greek re-commerce startup that through its “green” ATMs, makes selling a smartphone easier, faster, and safer than ever. Based on the circular economy model, its unique technology allows the wireless identification and evaluation of a mobile device and the immediate payment to the users.
Founder: Fanis Koutouvelis
Instacar is a car-as-a-service company with a vision to become the ultimate brand/service around mobility in Greece and abroad. Instacar optimizes the dealer partners’ used and brand new vehicle inventory, builds a better user experience, and gives customers the freedom of driving a chosen car for as long as they want with the flexibility to walk away at any time.
Founders: Antonis Samothrakis, Antonis Zois, Vasilis Damianos
Manual is a men’s health and well-being startup offering a suite of diagnostic tools and blood tests to offer data-driven health solutions. The company provides men with easy access to advice, free medical support, and the treatment choices they need to help them make proactive decisions about their wellbeing.
Founders: George Pallis, Michalis Gkontas
Numan is a one-stop-shop that provides affordable solutions for erectile dysfunction, hair loss, and skincare products that are designed to enable young men to address and treat concerns and improve their overall wellbeing.
Co-Founder & CEO: Sokratis Papafloratos
Prosperty is a revolutionary PropTech company that transforms the way the real estate market works today and redefines the whole experience by making it easier. By offering integrated tech-enabled real estate services and enhanced digital-first experience to property portfolio investors and individuals, builds the future of real estate.
Founders: Antonis Despotakis, Antonis Markopoulos, Nikos Patsiogiannis
Sync is a bio tracking company that helps people understand how their body reacts to their daily lifestyle habits and helps them adapt these habits for maximum health and longevity. The company’s goal is to help people improve their metabolic health.
Founders: Nikos Drandakis, Nikos Maounis, Petros Lengos, Leonidas Maroulis
TileDB is a provider of a universal data engine that allows people to access, analyze, and share any complex data with any tool. TileDB provides a database that focuses on universal storage and data management rather than the compute layer.
Founder: Stavros Papadopoulos
Vimachem’s Optimz Pharma 4.0 MES platform brings a unique approach to manufacturing execution systems allowing pharmaceutical and biotech companies to scale faster with greater flexibility. By enabling the continuity and flow of information across the enterprise, they provide the right data, at the right time, to the right team.
Co-Founder & COO: Alex Vidras
VODA.ai serves water utilities by helping them assess the condition of their pipes with affordable software that ranks pipes by Business Risk Exposure (BRE) which includes Likelihood of Failure (LoF) and Consequence of Failure (CoF). This helps utilities prioritize capital investments, conserve water, and save money in operations.
Co-founder: George Demosthenous
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