2016 has been the most exciting year for IQbility so far. This year we saw clear evidence that the greek startup ecosystem is still maturing fast. Dealflow improved in terms of quality and already existing portfolio companies reached hard milestones in terms of business validation, growth and revenues. This year IQbility invested 350.000€ in total, in six companies, the largest amount so far within a year in our short history. There were four new portfolio entries (namely: Accusonus, Reembed, Roadcube and Blendo) and two “follow ons” in companies that demonstrated significant progress and needed further runway to reach their next milestones (Mist.io, AllCanCode).
The funds we invested per company varied from €20k to €140k depending on their stage and status. All investments were part of bigger rounds varying from €40k to €600k+ along with other funds (PJTechCatalyst, Venture Friends, Metavallon), and more than 10 angels (most of them offshore). This is another very promising evidence of cooperation between ecosystem’s stakeholders and part of IQbility’s strategy. Syndicated investments add more value.