Articles for December 2014

Openfund 2014 – Year in Review

2014 for Openfund has been nothing less than a gift, and a privilege. Seeing the fruits of our backers’ commitment and the efforts of the special people we work with coming into shape was an extraordinary experience. Here is some context:

photo from Openfund Founders Meetup II, a month and a half ago

– End of 2013 found us with a portfolio of 10 companies. Up to now, we have announced investments in 15 companies, and there are 5 more pending announcement soon. Already with a portfolio of 20, we expect to reach 25-30 companies by end of 2015.

– We have the privilege to back and closely work with 40 founders, in their endeavor to turn their ideas into products that have a chance to change entire industries. Seeing them struggle, learn, mature and achieve their targets -until the next one- has been a singular experience to treasure.

– More than 150 greatly talented people are currently working across our portfolio. We are humbled by the hard work of them all, and our conviction is stronger than ever that very many great things are in the making.

– Millions of consumers and thousands of companies across the globe are selecting and making good use of our companies’ products. Creating such value every day that passes lies at the heart of our efforts and business.

– By now, a couple of years after Jeremie Openfund II’s launch, we have invested more than €5m in our portfolio. We expect to invest another €2.5-5m in both existing and new portfolio companies during 2015.

– 45 entities have coinvested along with Openfund in our portfolio companies. 10 of them are funds -some small and some larger ones, almost all international- while 35 are angels, with the slight majority being related to the local scene.

It feels good to see the progress above, especially taking into account where we started from a few years ago. That said, make no mistake: Being a startup ourselves, we are still at the very beginning and we have proven nothing yet.

The stakes are now higher, and we have no option but to work hard, level up our game and deliver spectacular results. With such special people working with us, we believe we will make it. So, here’s to a remarkable 2015!


Tapely Launches Anew, Raises €300k Seed

The landscape of online music is changing fast. At the same time, however, the rate of innovation concerning the way we actually experience music online has proved more reserved than expected. While millions of songs are now available at your fingertip, what happens after that remains outdated and underexplored.

Tapely is online music revisited, and experienced afresh. The platform pairs music with visuals and custom messages in a novel way, limited only by imagination. These basic building blocks, given to the hands of tens of thousands of users, has created what may well be a brand new medium, enabling a music experience that satisfies both the ear and the eye, essentially the soul.

A few months ago, we announced our initial investment in the company. Today, Tapely features more than 25 thousands of handcrafted mixtapes -one of the largest collections of themed music curated by real people that has ever existed-, and launches its new version, making navigation and mixtape discovery a breeze.

At the same time, we are announcing a seed round of €300k by Jeremie Openfund II. We truly look forward to bringing Tapely to the eyes and ears of millions of music lovers, and enable the team’s bold vision to change the way we experience music online. Now, please, let the music do the talking.


Rocketgraph Raises €410k – Paves the Way for Cloud Reporting

Rocketgraph logo

The amount of data generated by various services grows faster than ever. At the same time, the prevalent way to interact with such data is APIs. Now, APIs may come handy if you are a developer, yet chances are that you are not, or you simply cannot afford the time to engineer the data view you’d like to.

That’s where Rocketgraph comes into the picture.

Rocketgraph is a one-stop shop for cloud powered reports utilizing the growing supply of APIs and spanning a myriad of industries. Just find the Rocketgraph report that matches your needs in the marketplace, connect your cloud services and go.

You can easily export your Rocketgraph report and even get scheduled emails with the most current data pulled directly from your cloud sources. As more cloud services offer APIs, more Rocketgraph reports will become available.

Dino Paravandis and Constantine Nikitiadis, founders, left a successful digital agency they co-founded 5 years ago to pursue a need they considered pressing. With an investment of €410,000 lead by Jeremie Openfund II, the Rocketgraph team will build and market its platform, with one goal in mind: to democratize cloud reporting in a unique and scalable way.