first venture capital fund managed by Attica Ventures
was set up in 2004 under the name Zaitech
||This name is a combination
of the Japanese word Zaimou (=economy)
and the word Technology. In etymological
terms it could be interpreted as 'profits
from investments in technology'.
The Fund's capital is € 40 million, with
a duration (lifecycle) of 10 years (with the option
to extend to a further 2 years) and an investment
period of 5 years.
Zaitech Fund will aim to maximize returns on capital
invested by its shareholders, through building a portfolio
of companies across a number of sectors; preferably
in innovative companies in key sectors (such as telecommunications,
IT, energy, e-commerce, biotechnology, new materials)
and in companies whose competitive advantage is founded
on applications of technology, and on innovative scientific
Our objective is one of reducing risk through spreading
investments across different sectors/markets, and
also through making a substantial number of investments.
Therefore, investments targets will be companies
(Societes Anonymes or Limited Liability Companies)
in the initial stages of development (seed, start–up
capital, early stage capital, expansion finance and
development finance) which seek to finance their development
or expand into international markets. In geographical
terms, the Fund covers the Greek market as a starting
point for business activities and invests in businesses
which have their registered legal base in Greece.