Marathon Venture Capital Launches €75M Fund III to Empower Global Tech Founders

Marathon Venture Capital has announced the launch of its third fund, Marathon Fund III, securing €75 million in an oversubscribed single closing. This milestone underscores the Marathon’s commitment to supporting ambitious tech entrepreneurs from Greece and beyond.

Since its inception in 2007, Marathon has been instrumental in nurturing the Greek startup ecosystem, contributing to the creation of early startups, fostering community growth, and facilitating successful exits. With Fund III, the firm continues its strategy of leading seed-stage investments, typically ranging from €1–1.5 million for a 15–20% equity stake, while also participating in subsequent funding rounds to maintain its investment position.

The new fund has garnered support from prominent institutional investors, including the European Investment Fund (EIF) and the Hellenic Development Bank of Investments (HDBI), reflecting confidence in Marathon's approach and the potential of the startups it backs.

Marathon's portfolio boasts notable successes, such as the €110 million acquisition of agri-tech startup Augmenta by CNH Industrial, and significant funding rounds for companies like Hack The Box and Causaly, which raised $55 million and $60 million respectively.

Alex Alexakis is now a Partner at Marathon VC as he has been a pivotal figure in the firm, aiding founders in refining their visions and establishing himself as a key resource for emerging entrepreneurs.

With Fund III, Marathon Venture Capital reaffirms its dedication to empowering founders who are poised to build world-class technology companies, continuing its mission to drive innovation and growth within the tech industry.