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Exploring the Greek Tech Boom: Marathon VC’s €75M Milestone

Marathon Venture Capital in Athens has secured a new €75 million fund, enhancing its total assets under management to €175 million. This achievement underscores significant exits like Augmenta’s $110 million valuation sale. Meanwhile, Hack the Box was partially sold to Carlyle, highlighting Marathon’s successful investment strategies.

Examining the Rise of Greek Tech Innovation

Greece’s tech scene is heating up, with Marathon VC at the forefront. Factors like emerging tech trends, including AI and robotics, have contributed to their growing success and ability to raise substantial funds even amid today’s challenging global landscape.

Navigating International Markets

Despite Greek startups traditionally focusing domestically, Marathon’s portfolio thrives by exporting services globally—a strategy resonating with major corporations like those in Fortune 500.

Adapting to Global Economic Challenges

The global challenge of fewer IPOs and extended venture holding periods hasn’t fazed Marathon. By keeping fund sizes manageable and maintaining substantial equity, they create a profitable ecosystem through strategic M&As and secondary sales.

The Future for Marathon and Greek Startups

Marathon VC remains committed to capturing unique market opportunities, championing sectors that historically received less attention from other European VCs.

A New Twitter-Inspired Social Network Is Taking Shape

A new social network called Twitter.now is entering the market, with a founding team that includes former Twitter trademark counsel Stephen Coates. The service is being developed by startup Operation Bluebird.

As Ars Technica reported, X sued the company last year and asked a Delaware judge to block the launch. Operation Bluebird argued in a petition that X had abandoned trademarks including “Twitter” and “Tweet.”

Coates has said the project is not an attempt to recreate the original Twitter. In a LinkedIn post, he described the platform as a new public space focused on trust, transparency and user choice.

AI System To Rate Posts

Twitter.now is currently being tested, with early access priced at $20. Its main feature is VERA, an AI system designed to evaluate posts, verify claims and provide sources and context.

Posts receive a trust score, with users eventually able to set a minimum score to filter their feeds. The company says this approach will give people more control over what they see instead of leaving those decisions entirely to an algorithm.

Moderation Remains A Challenge

Scaling moderation will be one of the platform’s biggest tests. Social networks have repeatedly struggled with content moderation as their communities grow, and newer platforms such as Bluesky have faced similar criticism.

Operation Bluebird says VERA will form the basis of its moderation and verification system. A second version is already planned, with expanded tools that would let users set a specific trust threshold for the posts appearing in their feeds.

For now, Twitter.now remains in an early testing phase, combining the familiarity of the Twitter name with an AI-driven approach to evaluating online information.

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