News Summary

Marathon Venture Capital, a venture firm based in Athens, Greece, has successfully closed its newest fund with €75 million in capital commitments. This marks a significant achievement for the eight-year-old seed-stage investor, particularly in a challenging global fundraising environment. The firm, which has total assets under management of €175 million, has seen notable exits, including the sale of Augmenta and shares in Hack the Box. Marathon’s strategy focuses on backing founders in non-consensus opportunities across various sectors, leveraging local talent to serve global markets. The recent fund closure reflects an increasing interest in Greek tech startups, which have historically faced challenges in scaling beyond the domestic market but are now gaining recognition for their capital efficiency and international growth potential.