Marathon Venture Capital

Marathon Venture Capital backs ambitious Greek and European founders building world-class technology companies, aiming to be the first money in on non-consensus opportunities. The firm leads seed rounds with €1–2m tickets for 15–20% equity, maintaining pro-rata rights in follow-on rounds, and keeps fund sizes deliberately small to generate meaningful returns via secondaries and strategic M&A well before an IPO. Marathon focuses on founders doing something hard in important markets — whether that requires unique knowledge (e.g., a research PhD) or high agency in regulated or overlooked industries. The firm is sector-agnostic but has developed deep conviction in areas such as AI, cybersecurity, defense, agtech, and enterprise software. With over €170 million under management across three funds, Marathon has served as the first investor in category-defining companies like Causaly, Hack The Box, Augmenta, and LearnWorlds, with roughly half of its investments now originating beyond Greece across Europe.