5G Ventures announced the signing of the Agreement for the Establishment & Management of the Phaistos Investment Fund, with the Greek State, private investors and Piraeus Bank as custodian, marking the completion of the first round of financing of the fund.
In detail, the capital composition of Phaistos, after the first round of financing, includes:
– The Hellenic Development Investment Bank (EIF, former TANEO), which under a relevant agreement represents the Greek State
– The OTE / DT Group
– The Latsco Family Office of Mrs. Marianna Latsi
– The family office of Mr. Dimitris Daskalopoulos
The investment function of the fund focuses on existing and start-up companies that are active in the research or development of 5G and 5G related products & services in Greece.
Source: Capital
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