5G Ventures announces that Latsco Family Office * is the first Greek investor to participate in the first round of fundraising of the Phaistos Investment Fund.
The investment decision of the Latsco Family Office is a practical recognition of the innovative investment tool “Phaistos”, for which the European Commission recently underlined the strong role it can play in the revitalization of the Greek economy in the coming years.
“We welcome the participation of a strong investor such as the Latsco Family Office in the Phaistos Investment Fund”, said the CEO of 5G Ventures Mr. Antonis Tzortzakakis and added that “attracting private investors reflects the belief in the dynamics of the market of new digital services through networks “, but also the trust in the innovative national initiative of Phaistos. The management company 5G Ventures implements unwaveringly, with speed and dedication the strategy that has been formed regarding the Fund”.
The Chief Investment Officer of the Latsco Family Office in Greece Mr. Nikos Voutyhtis pointed out that the investment in the Phaistos Investment Fund is another, clear, sign of trust of the Family Office, interests of Ms. Marianna Latsi, in the development potential of the Greek economy and especially in sectors state-of-the-art technology such as 5G networks. “At the same time, it is a confirmation of the substantial synergies that can be developed when creative private and public funds work together. We are very happy to be the first Greek investor in the Phaistos Investment Fund, thus paving the way for other investment funds to trust this project.” and the excellent professionals who make it up, “he added.
At the same time, 5G Ventures has already established an impressive network of partnerships, through which leaders from the private sector and the academic & research community provide comprehensive support with resources and know-how to the companies in which Phaistos will invest.
* The Latsco Family Office is the Family Office of interests of Mrs. M. Latsi
About 5G Ventures and the Phaistos Investment Fund
5G Ventures SA, a subsidiary of the Hellenic Holdings and Property Company, manages the Phaistos Investment Fund and marks an innovative approach to supporting a thriving 5G ecosystem in Greece. The Phaistos Fund supports companies that develop products and services related to 5G and is an effective bridge between Public and Private Investments, combining the best elements of each sector. It offers unique opportunities and, through its focus on the 5G market, Phaistos is in the best position to offer remarkable returns and national economic growth. More information is available on the website at www.5gventures.gr, on Twitter at @ 5GVenturesSA and on LinkedIn at https://www.linkedin.com/company/5gventures.
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Source From: Capital
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