Watson Farley & Williams (“WFW”) advised Wocap S.A. (“Wocap”), on the successful completion of its pre-seed funding round, which raised a total of €450,000. The funding round was led by Genesis Ventures.
Founded in 2025, Athens-based Wocap is an innovative start-up that connects large corporations with excess cash to small and medium-sized enterprises in need of working capital. It aims to redefine the future of working capital by connecting buyers and suppliers through a dynamic marketplace.
Backed by the European Investment Fund, Genesis Ventures is a new angel co-investment fund providing pre-seed/seed capital and hands-on support to early-stage founders and investors. With the aim of becoming the ‘go-to’ VC fund for all Greek and Southeast European start-ups and backed by world-class founders, it has deployed initial tickets ranging from €100,000 to €400,000 with the potential for further follow-on investments.
The WFW Athens Project and Structured Finance team that advised Wocap was led by Counsel Valina Giouzelaki, supported by Senior Associate Eleni Stylianou, Associate Asimina Papakosta and Trainee Dimitris Mavroudeas.
Valina commented: “We are pleased to have supported Wocap in achieving this important milestone, allowing it to focus on its vision and growth. This transaction highlights WFW’s experience in supporting start-ups and companies with new visions that aim to elevate the Greek economy using new technological tools and fairer practices”.
Petros Patronis, CEO of Wocap, said: “This round is a huge milestone for Wocap and we’re thrilled to have Genesis Ventures onboard as our lead investor. Big kudos to the WFW team, they were exceptional partners throughout the process, providing sharp, startup-savvy guidance that helped us close smoothly and confidently. With this backing, we’re now laser-focussed on bringing our platform to market and redefining how working capital flows between buyers and suppliers. The future of working capital starts now and we’re super excited for what’s ahead”.
