Phaistos Investment Fund

Phaistos Investment Fund is a specialized venture capital fund investing in companies developing 5G-related products and services. It targets technological innovation across Fourth Industrial Revolution sectors, supporting enterprises through strategic capital deployment and ecosystem development. It fosters advanced digital solutions leveraging next-generation connectivity.

The fund was formally established in early 2022 by the Greek state, pursuant to Article 94 of Law n. 4727/2020. Managed by 5G Ventures S.A., a subsidiary of the Hellenic Corporation of Assets and Participations, its inception stemmed from a national strategic insight to accelerate technological progress. It aims to bridge public and private sector investments in critical digital infrastructure.

Phaistos Investment Fund supports innovative startups and growth-stage companies developing 5G-enabled technologies. Its mission is to cultivate a robust digital economy, driving growth by empowering enterprises at the forefront of technological change. The fund envisions establishing Greece as a hub for advanced digital infrastructure.