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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.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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