5G Ventures has announced that Latsco Family Office will be the first Greek-based investor to participate in the first round of fundraising for the Phaistos Investment Fund.
The European Commission recently mentioned that the investment tool ‘Phaistos’ can play a crucial role in reinvigorating the Greek economy and the Latsco Family Office’s investment decision is an effective recognition of the tool and their contribution to the economy’s revival.
“We welcome the participation of a strong investor like Latsco Family Office in Phaistos Investment Fund,” said the CEO of 5G Ventures, Antonis Tzortzakakis. He also added that “the attraction of private investors reflects the belief in the market potential of new digital services through 5G networks, but also the confidence in the innovative national initiative of Phaistos.”
Nikos Voutchitis, the Chief Investment Officer of Latsco’s Family Office in Greece said that their investment is a clear indication of the confidence in the family office, the interest of Marianna Latsi (the Greek banker), and the potential growth of the Greek economy, especially in high-tech ventures, such as 5G networks.
“Αt the same time, it is a confirmation of the substantial synergies that can be developed when private and state-owned funds cooperate. We are very pleased to be the first, Greek-interested, investor in Phaistos Investment Fund, thus paving the way for other investment funds to trust this venture and the excellent professionals that make it up,” said Voutchitis,
‘Latsco family office participates in Phaistos Investment Fund‘- Ekathimerini Economy
