George Karabelas is a venture capital investor at VentureFriends who follows an unusually structured, decision science approach to investing that emphasizes decision quality over outcomes and applies formal decision-analysis frameworks rather than relying primarily on intuition. He co-founded ThinkBiz, recognized as the first student entrepreneurship club in Greece, positioning him as part of the early wave building the modern Greek startup ecosystem from university level upward.
About their Fund
VentureFriends
Sectors
Fintech, Proptech, Marketplaces, SaaS, Ecommerce
Rounds
Pre-Seed - Seed
Avg Check Size
€500k - €3m
Notable Investments
VentureFriends is an Athens-based seed fund that operates across Europe, the Middle East, and Latin America, leading rounds with €500K+ initial tickets rather than making smaller follow-on investments. Born from Greece's financial crisis as a founder-led angel network that evolved into an institutional fund, they position themselves as friends and mentors to ambitious tech founders, with many portfolio companies describing them as connectors and idea generators beyond just capital providers.
Other partners at the fund
Notable Fund
Investments
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Popular Investors
investor name
Active in
Rounds
Avg. Check
Links
Deeptech / Hardware
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Robotics
Biotech
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12
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Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Defense
Deeptech / Hardware
Energy
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7
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$100K - $5M
Unknown
Biotech
Health
Deeptech / Hardware
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2
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Unknown
Pre-Seed - Seed
Unknown
$250K - $2M
Unknown
Climate
Deeptech / Hardware
Materials
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4
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Unknown
Pre-Seed - Seed
Unknown
$400K - $1.5M
Unknown
Deeptech / Hardware
Robotics
Biotech
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7
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
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Deeptech / Hardware
Robotics
Biotech
+
2
View more in profile...
Unknown
Pre-Seed - Seed
Unknown
~$750K
Unknown
Fintech
Deeptech / Hardware
Devtools
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2
View more in profile...
Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
Unknown
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