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Top 50 Enterprise Startup Investors in Romania (May 2026)

The most active venture capital funds and angel investors investing in Romania Enterprise startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Romania Enterprise startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
SeedBlink
VC Fund
19 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, Information Technology, SaaS $123k–$27M
Early Game Ventures
VC Fund
15 Romania, United States Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $161k–$2.1M
Gapminder VC
VC Fund
9 Romania, United Kingdom, United States Seed, Pre-Seed, Series A Software, Information Technology, E-Commerce $54k–$1.8M
Roca X
VC Fund
8 Romania, Italy, Israel Seed, Pre-Seed, Convertible Note Software, Information Technology, Health Care $54k–$2M
Gecad Ventures
VC Fund
6 Romania, United Kingdom, United States Seed, Series A Software, Information Technology, Payments $171k–$5.5M
3TS Capital Partners
VC Fund
6 United States, Romania, Poland Series A, Seed Software, Internet, SaaS $702k–$9M
Catalyst Romania
VC Fund
5 Romania, Serbia Seed Software, E-Commerce, EdTech $1.1M–$3.2M
Sparking Capital
VC Fund
5 Romania Seed, Pre-Seed Mobile Apps, Information Technology, Internet $321k–$1.5M
Marius Ghenea
Angel
4 Romania, Serbia, United Kingdom Series A, Seed Software, SaaS, Internet $536k–$3.2M
Malin-Iulian Stefanescu
Angel
4 Romania, United States, United Kingdom Seed, Angel, Series A Marketing, Software, Internet
Sofia Angels Ventures
VC Fund
3 Austria, Germany, Romania Seed, Pre-Seed Artificial Intelligence, Software, Information Technology $214k–$876k
European Union
VC Fund
2 United Kingdom, United States, Germany Grant, Seed Health Care, Information Technology, Medical Device $16k–$15M
Sherry Coutu
Angel
2 United Kingdom, Romania, United States Seed, Angel, Series A Software, E-Commerce, Human Resources
Cleverage VentureCapital
VC Fund
2 Romania, The Netherlands Seed, Pre-Seed, Convertible Note Health Care, Information Technology, SaaS
Zeyshare Ventures
VC Fund
2 Romania, United States, United Arab Emirates Seed, Series A Internet, News, E-Commerce
D Moonshots
VC Fund
2 Romania, United Kingdom Pre-Seed, Convertible Note SaaS, EdTech, Software
Oliver Hehl
Angel
2 Germany, Romania Angel, Seed, Pre-Seed Financial Services, Banking, Apps
PortfoLion Capital Partners
VC Fund
2 Hungary, Poland, Switzerland Seed, Series A, Series B Software, Information Technology, Big Data $429k–$12M
Day One Capital
VC Fund
2 Hungary, United States, Croatia Seed, Series A, Pre-Seed Software, Information Technology, Apps $310k–$27M
Neogen Capital
VC Fund
2 Romania, Greece, United Kingdom Pre-Seed, Seed Software, Information Technology, B2C $161k–$799k
LAUNCHub Ventures
VC Fund
2 Bulgaria, United Kingdom, United States Seed, Series A Software, SaaS, Enterprise Software $40k–$54M
Alfabeat
VC Fund
2 Poland, United Kingdom, United States Seed, Series A, Pre-Seed Software, Marketing, Internet $199k–$1.2M
Fortech Investments
VC Fund
1 Romania Seed Data Mining, Manufacturing, Internet of Things
The Mavers
VC Fund
1 Romania Pre-Seed Consulting, Health Care, Artificial Intelligence
Sacha Dragic
Angel
1 Romania, The Netherlands Pre-Seed News, Sports, Health Care
Helvetia Venture Fund
VC Fund
1 Germany, Switzerland, Spain Seed, Series A Financial Services, Information Technology, FinTech $3.3M–$11M
Credo Ventures
VC Fund
1 United States, United Kingdom, Czech Republic Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $343k–$11M
Andreas Cser
Angel
1 United Kingdom, Romania, United States Seed, Angel Apps, Ad Retargeting, Subscription Service $184k–$550k
Bianca Rusu
Angel
1 Romania, United Kingdom Equity Crowdfunding, Pre-Seed, Seed SaaS, Software, Education $134k–$429k
Hoxton Ventures
VC Fund
1 United Kingdom, United States, Canada Seed, Series A Artificial Intelligence, Software, Information Technology $1.5M–$25M
SIF Transilvania
VC Fund
1 Romania Seed Data Mining, Manufacturing, Internet of Things
Celer Capital
VC Fund
1 Romania Seed Software, Document Management, Artificial Intelligence
Fil Rouge Capital (FRC)
VC Fund
1 Croatia, Slovenia, United Kingdom Seed, Pre-Seed Software, Information Technology, E-Commerce $21k–$321k
NETOPIA
VC Fund
1 Romania Convertible Note Marketing, Advertising
Atlas Venture
VC Fund
1 United States, United Kingdom, Canada Series A, Series B, Series C Biotechnology, Health Care, Therapeutics $3.6M–$50M
Vlad Ionescu
Angel
1 United States, Romania, Ukraine Seed, Series A B2B, Machine Learning, Artificial Intelligence
Kirov Group Ventures
VC Fund
1 Russian Federation, Serbia, Romania Seed SaaS, Software, PaaS $118k–$300k
Clever Capital
VC Fund
1 United States, Romania, United Kingdom Seed, Pre-Seed Software, B2B, Recruiting $129k–$1M
EIT Health
VC Fund
1 United Kingdom, Spain, Ireland Grant, Pre-Seed, Seed Health Care, Medical Device, Medical $21k–$1.4M
Ulpia Ventures
VC Fund
1 Romania Seed Computer, Software, Web Design
Global Finance
VC Fund
1 Romania Series A Email, Linux, Software
Growceanu Angel Investment
VC Fund
1 Romania, Luxembourg, United States Seed, Convertible Note SaaS, Artificial Intelligence, Analytics $150k–$750k
Axxess Capital
VC Fund
1 Romania Retail, Internet, E-Commerce
Acequia Capital (AceCap)
VC Fund
1 United States, United Kingdom, France Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $500k–$19M
Dawn Capital
VC Fund
1 United Kingdom, United States, Israel Series A, Series B, Series C Software, SaaS, Information Technology $2.7M–$101M
Karma Ventures
VC Fund
1 Estonia, Sweden, Finland Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $536k–$30M
MMC Ventures
VC Fund
1 United Kingdom, United States, France Series A, Seed Software, Artificial Intelligence, Machine Learning $1M–$19M
Cisco
VC Fund
1 United States, Israel, United Kingdom Series C, Series B Software, Information Technology, Enterprise Software $3.2M–$54M
Alex Hoye
Angel
1 United Kingdom, United States, Romania Seed, Angel, Pre-Seed Software, Apps, Advertising $20k–$1.5M
Arts Alliance
VC Fund
1 United States, United Kingdom, Norway Seed, Series A Advertising, Mobile, Software $490k–$23M
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Investor list


Early Game Ventures
VC Fund · Bucharest, Bucuresti, Romania · 15 investments in Romania Enterprise startups

Early Game Ventures is an early-stage venture capital firm investing in startups that create new industries and build the infrastructure for innovation in the emerging markets of Europe.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Romania, United States

Investor stats

  • Total investments: 29
  • Round size: Seed $321k–$2.1M; Pre-Seed $161k–$857k
  • Lead/follow: 70% lead, 30% follow

Portfolio highlights

  • Milluu — Helping places become homes! Milluu is the app that gets personal, relevant and smart about rent.We believe that things are done properly when you're personally invested. And we invest our technology & smart tools to help you find your next home or your next ideal tenant!We have created a service app that connects directly listers andtenants based on their preferences.Based on AI and ML, our Milluu Bot is the friendly face of the app, assisting you permanently in your rental journey, making suggestions for great matches and helping you close the deal.
  • OxidOS — OxidOS supplies a Secure Operating System and Development Tools for OEMs and auto software creators.
  • Bunnyshell — Bunnyshell is an Environment as a Service platform that enables developers to instantly spin up dev environments for any task on Kubernetes and develop remotely.
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Gapminder VC
VC Fund · Bucharest, Bucuresti, Romania · 9 investments in Romania Enterprise startups

GapMinder plans to invest and support the most disruptive and bold innovations pushing limits and creating positive impact for the community and the overall society. Our background and experience together with our common values and vision for the fund are the core of our competitive advantage. Our team is eager to create value in the region and forthe region. We focus on Pre-Seed, Seed and Series A stages

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Romania, United Kingdom, United States

Investor stats

  • Total investments: 48
  • Round size: Seed $54k–$1.8M; Pre-Seed $80k–$536k
  • Lead/follow: 52% lead, 48% follow

Portfolio highlights

  • Veridion — Soleadify provides business data enrichment with unprecedented coverage of SMBs, accurate classification and in-depth insights based on real-time updates.Always driven by the complexity of AI and Machine Learning, we build more efficient ways of getting more data and get more out of it. Urged on reliability and complete-ness, our datasets haveyet to be beaten in terms of accuracy and classification by industry mammoths.
  • DRUID — DRUID is an AI platform that allows companies to automate processes by designing and deploying UiPath RPA integrated chatbot virtual assistants.
  • Undelucram — Undelucram is a recruitment agency.
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Roca X
VC Fund · Bucharest, Bucuresti, Romania · 8 investments in Romania Enterprise startups

RocaX > Is building a solid and much needed bridge for startups between the support offered by business angels and the upper stage VCs. Learn more!

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Romania, Italy, Israel

Investor stats

  • Total investments: 30
  • Round size: Seed $150k–$2M; Pre-Seed $54k–$857k; Convertible Note $161k–$1.1M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Milluu — Helping places become homes! Milluu is the app that gets personal, relevant and smart about rent.We believe that things are done properly when you're personally invested. And we invest our technology & smart tools to help you find your next home or your next ideal tenant!We have created a service app that connects directly listers andtenants based on their preferences.Based on AI and ML, our Milluu Bot is the friendly face of the app, assisting you permanently in your rental journey, making suggestions for great matches and helping you close the deal.
  • MOCAPP — Find influencers. Run campaigns. Get results.
  • Munevo — Munevo empowers people with disabilities by using smart and innovative technology.
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Gecad Ventures
VC Fund · Bucharest, Bucuresti, Romania · 6 investments in Romania Enterprise startups

Our commitment, experience, and perseverance have fueled the creativity of some of the most exciting start-ups in Europe.

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Investment focus

  • Industry: Software, Information Technology, Payments
  • Stage:Seed, Series A
  • Geography: Romania, United Kingdom, United States

Investor stats

  • Total investments: 23
  • Round size: Seed $171k–$2M; Series A $2.9M–$5.5M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • FintechOS — With FintechOS you can configure financial products in minutes.
  • Veridion — Soleadify provides business data enrichment with unprecedented coverage of SMBs, accurate classification and in-depth insights based on real-time updates.Always driven by the complexity of AI and Machine Learning, we build more efficient ways of getting more data and get more out of it. Urged on reliability and complete-ness, our datasets haveyet to be beaten in terms of accuracy and classification by industry mammoths.
  • TypingDNA — TypingDNA provides typing biometrics authentication as a service, enabling companies to recognize people by the way they type. The company's authentication technology compares how people type on their keyboards against previous recordings. Works on both mobiles and PCs. Headquartered in New York, United States, with offices in Romania, EU.
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3TS Capital Partners
VC Fund · Helsinki, Southern Finland, Finland · 6 investments in Romania Enterprise startups

3TS Capital Partners is a European technology focused private equity and venture capital firms. 3TS provides expansion capital and buyout funding for small and medium-sized businesses in growth sectors including technology & internet, media & communications and technology-enabled services. Investors in the current and past 3TS fundstotaling over €300 million include EIF, EBRD, Cisco, OTP, Sitra, 3i and KfW among others.Its team of highly qualified experts become active business partners of the portfolio companies and deliver substantial value added beyond financing. When analyzing new investment opportunities and supporting portfolio companies, the company often augment its core team by its sector partners, various co-investors and other industry experts. 3TS is also an active member of several international industry associations and other organizations like EVCA – European Private Equity & Venture Capital Association, the International Venture Club and the Draper Venture Network.

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Investment focus

  • Industry: Software, Internet, SaaS
  • Stage:Series A, Seed
  • Geography: United States, Romania, Poland

Investor stats

  • Total investments: 58
  • Round size: Seed $702k–$2.6M; Series A $750k–$9M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Autenti — Autenti is a platform for document authorization and contracting via the Internet. It facilitates the signing of many papers and accelerates the working mode in companies.
  • Spectrm — Streamline your marketing funnel with Spectrm conversational marketing. The leading end-to-end chatbot platform for growth teams and enterprise.
  • ShiftMed — ShiftMed offers a uniquely efficient and user-friendly approach to on-demand staffing for the healthcare industry with 90%+ show rates.
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Catalyst Romania
VC Fund · Bucharest, Bucuresti, Romania · 5 investments in Romania Enterprise startups

Catalyst Romania is a private equity and venture capital fund platform.

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Investment focus

  • Industry: Software, E-Commerce, EdTech
  • Stage:Seed
  • Geography: Romania, Serbia

Investor stats

  • Total investments: 8
  • Round size: Seed $1.1M–$3.2M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • evoMAG — evoMAG is an online portal that offers tablets, laptops, computer equipment, appliances, printers, and various products.
  • Hunch — Hunch empowers you to automate your creative production and media management, to get performance uplifts faster than ever. Get started now.
  • ESX — ESX operates as a fitness subscription startup.
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Sparking Capital
VC Fund · Bucharest, Bucuresti, Romania · 5 investments in Romania Enterprise startups

Sparking Capital is a Business Angel, investing in early-stage startups. It focuses on pre-seed and seed investments to empower businesses.

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Investment focus

  • Industry: Mobile Apps, Information Technology, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Romania

Investor stats

  • Total investments: 9
  • Round size: Seed $321k–$1.5M
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • KFactory — KFactory is an Industry 4.0 start-up which disrupts the manufacturing industry and innovates the performance management of production line.
  • Hyperhuman — Hyperhuman is the AI-powered video platform for health & fitness. Drive engagement, boost loyalty, attract leads, and streamline your video production.
  • Ecotree Romania — EcoTree is the first digital platform in Romania that provides real and measurable benefits to the waste management industry by digitizing operational processes and legal documentation through business intelligence modules for data analysis and reporting, dedicated tendering modules and more, ensuring full transparency and traceability. In thisway, the startup actively contributes to a clean and sustainable environment. The company was founded in 2017 by Bogdan Andronache, Alexandru Petrescu, Marius Cîrstea and Dan Simota with the aim of digitizing the specific processes of waste collection and recycling, positioning itself as a player in the circular economy.
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Marius Ghenea
Angel · Bucharest, Bucuresti, Romania · 4 investments in Romania Enterprise startups

• Partner of Catalyst Romania VC Fund (part of 3TS Capital Partners) - http://catalystromania.ro/ • “Investor of the Year in Romania 2016 and 2017" award by CESA with Catalyst Romania Fund • Serial entrepreneur and business-angel with successful investments in SEE, ranks in fortune Romanian surveys Capital, Forbes. • Experienceas an start-up entrepreneur with Flamingo, from zero revenues and capital to a $50M company, the largest IT product distribution network in Romania, in 7 years. Setting-up a Flamingo International group structure with direct operations in 7 SEE countries (Romania, Bulgaria, Croatia, Hungary, Macedonia, Moldova, Yugoslavia) and one fully-fledged subsidiary in Holland, 1999 – 2001. • Manager of team of 500+ people with Flamingo, employees from various countries (majority Romanian), cultures, backgrounds and contributing to the creation of one of the best teams in the IT business in the Balkan region • Experience in private equity and venture capital investments. Deal-leader on 6 (123ContactForm, VectorWatch, Marketizator Friends, Intelligent IT/SmartBill, Smartdreamers, Vola.ro) out of 10 investments of Catalyst Romania Fund. • Exit track-record: VectorWatch, sold to FitBit early 2017, PCGarage, bought by Naspers/Emag in 2016; VikingProfil, bought by Pruzsinski of Poland, 2008, Flanco, successful exit in 2006, Flamingo, successful IPO in 2004, etc. • Co-Founder VentureConnect (regional matchmaking platform for tech start-up entrepreneurs and early-stage investors); President Romanian Association for the Online Stores (ARMO) • Entrepreneurship, Innovation and New Business Ventures Professor, Maastricht School of Management EMBA program • Co-organizer Schoolforstartups Romania, the first SE European entrepreneurship school • Author of “Entrepreneurship”, the first Romanian book on entrepreneurship and TV dragon in the Romanian Dragons’ Den

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Series A, Seed
  • Geography: Romania, Serbia, United Kingdom

Investor stats

  • Total investments: 10
  • Round size: Seed $750k–$3.2M; Series A $536k–$1.6M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Marketizator — Serious eCommerce players become customer-centric if they focus on what matters. Optimize your customer journey with data-driven decisions.
  • Vector Watch — Vector Watch's vision is to change the way people use smart watches and wearable technologies. The company was founded in 2013 by a team of former executives in the technology industry, backed by young engineers and multi-awarded designers for their projects in international innovation competitions.
  • SmartDreamers — The talent acquisition software that helps you reach and engage more, better candidates in record time through the use of Recruitment Marketing Automation.
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Malin-Iulian Stefanescu
Angel · Bucharest, Bucuresti, Romania · 4 investments in Romania Enterprise startups

Business Angel, Entrepreneur, Father

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Investment focus

  • Industry: Marketing, Software, Internet
  • Stage:Seed, Angel, Series A
  • Geography: Romania, United States, United Kingdom

Investor stats

  • Total investments: 11
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Aggero — Data-driven end-to-end technology platform that connects brands to gamers.
  • Tokinomo — Discover Tokinomo, the in-store interactive robotic promotional display helps FMCG products stand out on the shelves for an average 200% increase in sales.
  • Vatis Tech — Speech-to-text recognition API with custom AI models and real-time transcription for the English language. Get started now for FREE!
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Sofia Angels Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Romania Enterprise startups, 8 in the past 12 months

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Austria, Germany, Romania

Investor stats

  • Total investments: 8
  • Round size: Seed $214k–$876k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • WINQS — Instead of using petroleum-based plastics, WINQS shoes, and clothing are created from cutting-edge performance materials like algal foam, castor seeds, or botanical fibers. with regard to the environment and a comprehensive circular idea.
  • Undelucram — Undelucram is a recruitment agency.
  • Dynamic Pricing AI — Dynamic pricing for direct-to-consumer brands. Create and use dynamic pricing policies based on competition and sales data.
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European Union
VC Fund · London, England, United Kingdom · 2 investments in Romania Enterprise startups, 23 in the past 12 months

Discover how the EU functions, its principles, priorities; find out about its history and member countries; learn about its legal basis and your EU rights.

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Investment focus

  • Industry: Health Care, Information Technology, Medical Device
  • Stage:Grant, Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 110
  • Round size: Seed $16k–$5.4M; Grant $54k–$15M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • Atlante — The first EV Fastcharging Network enabled by renewables, energy storage and 100% grid-integrated.
  • Tesla — Tesla is accelerating the world's transition to sustainable energy with electric cars, solar and integrated renewable energy solutions for homes and businesses.
  • Mocean Energy — At the forefront of global wave energy industry, Mocean Energy pioneers technology for accessing the untapped potential of ocean waves.
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Sherry Coutu
Angel · London, England, United Kingdom · 2 investments in Romania Enterprise startups

Sherry Coutu is an angel investor and serves on the boards of companies, charities and universities.As an entrepreneur, Sherry established and successfully sold two businesses in the financial services industry. The first (acquired by Euromoney plc) has operations in more than 70 countries. The second was floated in 2000 on London and Nasdaqand the company was valued at more than $1 billion before being acquired (by AMP plc). Sherry is active in early stage investing and has raised several rounds of venture capital and public equity totaling more than $200 million.Sherry has decades of experience serving companies which range from fast growth private early stage to public and boards with turnover of more than £ 1 bn.She is a frequent public speaker, a national judge of the Ernst & Young Entrepreneur of the Year awards, and presents regularly at the top business schools. She specialises in consumer, internet, information services and clean energy.Current university affiliations include Cambridge University and Harvard Business School. Charitable / Government affiliations include the Prince's Trust, Cancer Research UK and NESTA.

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Investment focus

  • Industry: Software, E-Commerce, Human Resources
  • Stage:Seed, Angel, Series A
  • Geography: United Kingdom, Romania, United States

Investor stats

  • Total investments: 11
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 5Mins — 5Mins is the new microlearning platform that helps your employees build in-demand skills fast with AI-powered personalisation and advanced gamification.
  • Topia — The Topia Global Talent Mobility platform enables businesses to deliver mobility as part of a broader talent and business strategy with enhanced employee experiences. This drives competitive advantage by ensuring the right people in the right place at the right time. The Topia platform automates the entire global talent mobility process, fromscenario-based planning, compliance risk management, expat payroll, reporting and more. Topia powers global talent mobility programs for many of the world's most trusted brands, including Schneider Electric, Dell, Veolia, Equinor, AXA.
  • DueDil — FullCircl is a Customer Lifecycle Intelligence (CLI) platform for customer-facing channels in B2B financial services. Better business, faster.
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Cleverage VentureCapital
VC Fund · 2 investments in Romania Enterprise startups

Cleverage Venture Capital

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Investment focus

  • Industry: Health Care, Information Technology, SaaS
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Romania, The Netherlands

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Medicai — Medicai allows for in-the-cloud, real-time collaboration between doctors and patients on imaging investigations (CT, MRI, PET-CT, and more) and medical documents.
  • SanoPass — SanoPass is a medical service providers to sell preventive medical packages to firms
  • XVision — XVision is an automated x-ray analysis application that assists radiologists by providing accurate interpretations of medical images
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Zeyshare Ventures
VC Fund · Bucharest, Bucuresti, Romania · 2 investments in Romania Enterprise startups

Zeyshare Ventures provides venture capital investments in early & growth stage technology startups across Romania and the Central & South Eastern Europe region, as well as venture building services. Zeyshare Ventures | venture capital & venture building

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Investment focus

  • Industry: Internet, News, E-Commerce
  • Stage:Seed, Series A
  • Geography: Romania, United States, United Arab Emirates

Investor stats

  • Total investments: 12
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Five FS — Five FS offers five financial services: loans, mortgages, deposits, insurance and leasing, by pitting financial institutions against each other in a bidding process.
  • Bidvilla — Bidvilla is a bidding platform for home buyers and homeowners.
  • TechRadarRO — TechRadar.ro is a news aggregator platform focused on the Romanian content market.
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D Moonshots
VC Fund · 2 investments in Romania Enterprise startups

D Moonshots in an investment fund created by Sacha Dragic, founder of the Superbet group.

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Investment focus

  • Industry: SaaS, EdTech, Software
  • Stage:Pre-Seed, Convertible Note
  • Geography: Romania, United Kingdom

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Medicai — Medicai allows for in-the-cloud, real-time collaboration between doctors and patients on imaging investigations (CT, MRI, PET-CT, and more) and medical documents.
  • Bodyswaps — Bodyswaps is a SaaS soft skills training solution offering a library of VR and mobile simulations for management, diversity and employability training.
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Oliver Hehl
Angel · Walldorf, Baden-Wurttemberg, Germany · 2 investments in Romania Enterprise startups

Oliver Hehl

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Investment focus

  • Industry: Financial Services, Banking, Apps
  • Stage:Angel, Seed, Pre-Seed
  • Geography: Germany, Romania

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • OWWN — wajve offers all financial services like banking, advice, and education in one app.
  • Jobful — Jobful is a recruitment platform through gamification where candidates create profiles based on skills tested and developed through playing. Their professional experiences are confirmed by psychometric tests so that employers can easily find the right people for their company.Jobful offers the possibility for those looking for jobs to play inorder to discover their skills.
  • deineStudienfinanzierung — deineStudienfinanzierung is the digital platform to help students finance their studies.
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PortfoLion Capital Partners
VC Fund · Budapest, Budapest, Hungary · 2 investments in Romania Enterprise startups, 6 in the past 12 months

Portfolion is a CEE-focused multi-stage investor with a flexible fund structure that allows it to back companies from or before 1st client until the end of their journey. The fund manager has backed some of the CEE region’s most successful companies including SEON, Novakid, Tresorit, Packhelp, and Starschema.

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Investment focus

  • Industry: Software, Information Technology, Big Data
  • Stage:Seed, Series A, Series B
  • Geography: Hungary, Poland, Switzerland

Investor stats

  • Total investments: 58
  • Round size: Seed $429k–$7.5M; Series A $1.1M–$5M; Series B $3.8M–$12M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $75M in 2020

Portfolio highlights

  • deskbird — Most intuitive and people-centric - deskbird's hybrid workplace solution that employees will love. For all flexibe companies, from startup to corporate.
  • Renewabl — Renewabl is the platform that allows companies to meet their decarbonisation targets quickly and efficiently by matching renewable energy certificates directly from hydro, wind and solar on a 24/7-hour basis.
  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
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Day One Capital
VC Fund · Budapest, Budapest, Hungary · 2 investments in Romania Enterprise startups, 7 in the past 12 months

We are an early-stage technology investor, managing privately financed funds. We seek to find and join the most exciting Central Eastern European teams on their global mission.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Hungary, United States, Croatia

Investor stats

  • Total investments: 44
  • Round size: Seed $310k–$3M; Pre-Seed $500k–$2.6M; Series A $2.7M–$27M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $36M in 2018

Portfolio highlights

  • FLOWX.AI — FLOWX.AI wraps and orchestrates legacy systems, making it incredibly easy for enterprises to create web and mobile front-ends for mission-critical business flows. The revolutionary AI-enabled Apeiron UX engine is able to automatically create a modern, intuitive front-end for customers and employees, helping to consolidate in a unified UI all thebusiness logic cross-systems.This enables companies with complex technology landscapes to create and launch mission-critical digital products fast, and then facilitate an easy path forward to full digital transformation.The revolutionary novel approach is 100x faster and cheaper than existing alternatives. FLOWX.AI allows delivery of enterprise-grade mobile and web digital front-ends as fast as 10 weeks, and requires much smaller engineering teams.
  • Colossyan — We make video creation simply and stressless. AI video technology allow us to crate video in just a few minutes. Ty out here.
  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
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Neogen Capital
VC Fund · Targu-mures, Mures, Romania · 2 investments in Romania Enterprise startups

We're a venture studio specialised in marketplaces. We build, fund or buy tech companies with impact.

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Investment focus

  • Industry: Software, Information Technology, B2C
  • Stage:Pre-Seed, Seed
  • Geography: Romania, Greece, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Seed $536k–$536k; Pre-Seed $161k–$799k
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Protio — Protio is proptech startup reinventing the process of buying & selling real estate.
  • TULIPR — TULIPR is a digital platform that streamlines the event planning process for businesses, agencies and event professionals.As an end-to-end solution, it improves the overall vendor management process and allows event suppliers and clients to connect and do business on a single platform, from sourcing, booking, contracting, invoicing to overallevent management.
  • Metabeta — Early-stage portfolio management for startup accelerators and investors.
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Romania Enterprise startups

LAUNCHUB is a leading early-stage venture capital fund focused on investing in startups in South-Eastern (SEE) and Central-Eastern (CEE) Europe.

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Investment focus

  • Industry: Software, SaaS, Enterprise Software
  • Stage:Seed, Series A
  • Geography: Bulgaria, United Kingdom, United States

Investor stats

  • Total investments: 124
  • Round size: Seed $40k–$1.2M; Series A $1.4M–$54M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $75M in 2021

Portfolio highlights

  • AMPECO — AMPECO enables large-scale EV charging providers to launch and scale their business operations under their own brand. The company offers a white-label and hardware-agnostic EV charging management platform to cover all business cases - public, private, and home charging. Advanced energy management, flexible billing and subscription management,automatic maintenance algorithms, and inter-operator roaming are some of the platform’s key components. With security and scalability at its core, the platform allows large-scale operators like energy companies, oil and gas, fleets, hardware manufacturers and installers to achieve quick go-to-market in a few months with a ready-made platform combined with unmatched flexibility and extensibility via APIs. AMPECO supports more than 110 charging network operators in over 45 markets and has been globally recognized by Frost & Sullivan for its superior technological innovation and strategic development with the 2022 Global Product Leadership Award.
  • Colossyan — We make video creation simply and stressless. AI video technology allow us to crate video in just a few minutes. Ty out here.
  • Kubeark — Kubeark powers scalable, rapid, and compliant SaaSification and software lifecycle management.
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Alfabeat
VC Fund · Gdansk, Pomorskie, Poland · 2 investments in Romania Enterprise startups

Welcome to Alfabeat, a specialist seed and early stage venture capital fundfocused on Enterprise SaaS companies from Central and Eastern Europe,backed by successful enterprise software founders.

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Investment focus

  • Industry: Software, Marketing, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Poland, United Kingdom, United States

Investor stats

  • Total investments: 26
  • Round size: Seed $199k–$1.2M; Pre-Seed $300k–$1.2M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • SunRoof — Roof of the future
  • Monetizr — Monetizr is a unique in-game advertising platform that enables brand marketers to engage with GenZ and Millennial audiences. Monetizr offers sequential multi-touch brand placements, scalability across hundreds of mobile games, high engagement, and data collection in exchange for valuable rewards.
  • Fluency — Fluency is a blockchain-empowered CBDC proprietary platform revolutionizing the existing financial system. Their blockchain enterprise smart contract platform was developed for the purpose of building and interconnecting national multi CBDC networks. Fluency Aureum allows issuance, distribution, and exchange of multi-CBDCs between central banks,commercial banks, merchants, and consumers. The company's proprietary technology is specifically tailored with the idea of bringing technological and economical innovations of digital currencies to the existing financial system.It was incorporated in 2019, headquartered in London, UK with subsidiaries in Delaware, US, and Dublin, Ireland.
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Fortech Investments
VC Fund · 1 investments in Romania Enterprise startups

Fortech Investments is a branch of Fortech, the Romanian company which provides custom software development services for over 18 years.

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Investment focus

  • Industry: Data Mining, Manufacturing, Internet of Things
  • Stage:Seed
  • Geography: Romania

Investor stats

  • Total investments: 2
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • UpLyft — UpLyft is the first seated self-transfer system between bed and wheelchair for people with limited mobility.
  • KFactory — KFactory is an Industry 4.0 start-up which disrupts the manufacturing industry and innovates the performance management of production line.
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The Mavers
VC Fund · 1 investments in Romania Enterprise startups

The Maversis a venture capital investment firm.

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Investment focus

  • Industry: Consulting, Health Care, Artificial Intelligence
  • Stage:Pre-Seed
  • Geography: Romania

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • parol — A platform that streamlines clinical procedures, records the consultation in real time, files all the paperwork for the doctor, and brings in more patients.
  • INKI.TECH — Equip your business with high-end, secure IT equipment through INKI's device-as-a-service model. Reduce operational costs, increase agility, and embrace sustainability while minimizing total cost of ownership.
  • Unison — Unison is a nutritionist who specializes in plant-based diets and its products contain just natural ingredients, no added sugar, and no preservatives.
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Sacha Dragic
Angel · Bucharest, Bucuresti, Romania · 1 investments in Romania Enterprise startups

Sacha Dragic - Founder, Board member & Executive Chairman @ Superbet

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Investment focus

  • Industry: News, Sports, Health Care
  • Stage:Pre-Seed
  • Geography: Romania, The Netherlands

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Medicai — Medicai allows for in-the-cloud, real-time collaboration between doctors and patients on imaging investigations (CT, MRI, PET-CT, and more) and medical documents.
  • Rolla — Rolla helps beginners and fitness enthusiasts to improve their overall health & fitness. Take the next step and reach your goals with features tailored to your preferences and fitness level.
  • Sportening — Everything a fan needs in one place. Chat with other fans, rate players & get the most relevant news and scores for your team.
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Helvetia Venture Fund
VC Fund · Basel, Basel-Stadt, Switzerland · 1 investments in Romania Enterprise startups

Helvetia has a long tradition: in over 150 years, it has grown from a number of Swiss and foreign insurance companies into a successful international insurance group. Today, Helvetia has subsidiaries in its home market Switzerland as well as in the countries that make up the Europe market area: Germany, Italy, Austria and Spain. Helvetia is alsopresent in France with its Specialty Markets market area and through selected regions worldwide.

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Investment focus

  • Industry: Financial Services, Information Technology, FinTech
  • Stage:Seed, Series A
  • Geography: Germany, Switzerland, Spain

Investor stats

  • Total investments: 28
  • Round size: Seed $3.3M–$3.9M; Series A $5.4M–$11M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • INKI.TECH — Equip your business with high-end, secure IT equipment through INKI's device-as-a-service model. Reduce operational costs, increase agility, and embrace sustainability while minimizing total cost of ownership.
  • CamperBoys — CamperBoys rents out fully equipped camper vans in Munich, Hamburg, Stuttgart, Düsseldorf, Leipzig-Halle & Berlin.
  • Urban Connect — Urban Connect is a corporate mobility platform offering company employees access to a fleet of low-carbon, shared vehicles like e-bikes, bikes, e-scooters and e-cars. The offering is structured as a mobility-as-a-service (MaaS) solution. The company services large blue chip clients like Roche, Avaloq, Hilti, Sonova or Zurich Insurance. The team iscomposed of a number of people from different nationalities & backgrounds, all with the common goal of helping companies reduce their carbon and space footprints.
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Credo Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 1 investments in Romania Enterprise startups, 10 in the past 12 months

We partner with outstanding technology founders from Central and Eastern Europe to help them realize their global ambitions.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Czech Republic

Investor stats

  • Total investments: 109
  • Round size: Seed $343k–$3.6M; Pre-Seed $429k–$2.1M; Series A $1.8M–$11M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
  • ElevenLabs — Research Lab. Exploring new frontiers of voice generation. We are researching and deploying novel methods in voice AI to make content enjoyable in any language and voice to benefit new audiences and viewers. Our mission is to make content universally accessible in any language & voice.
  • Continuum Industries — Continuum Industries is a developer of Optioneer, the leading software for linear infrastructure optioneering.
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Andreas Cser
Angel · London, England, United Kingdom · 1 investments in Romania Enterprise startups

Andreas Cser - Partner @ Automat Ventures

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Investment focus

  • Industry: Apps, Ad Retargeting, Subscription Service
  • Stage:Seed, Angel
  • Geography: United Kingdom, Romania, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $184k–$550k
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Jampp — Jampp is the programmatic platform to grow mobile apps. We leverage machine learning to unlock mobile marketing and drive incremental ROI.
  • Dizinga — Dizinga a marketplace where artists from around the world can upload their artworks and quickly publish them for sale as popular products such as Prints, Posters, Phone Cases and Apparel. We take care of promoting these designs to customers around the world across marketplaces and search engines. When a customer buys a product we produce it onthe artist's behalf, on demand, and ship it to the customer from a local manufacturer saving delivery time and shipping cost.
  • Pathfinder Medical — Pathfinder Medical is developing a novel electronic guidance system that will enable clinicians to connect blood vessels in a minimally invasive way.
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Bianca Rusu
Angel · Cluj-napoca, Cluj, Romania · 1 investments in Romania Enterprise startups

Entrepreneur & angel investor in disruptive startups building the future through technology.

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Investment focus

  • Industry: SaaS, Software, Education
  • Stage:Equity Crowdfunding, Pre-Seed, Seed
  • Geography: Romania, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Equity Crowdfunding $134k–$429k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cyscale — At Cyscale, we believe that a safer Cloud means a safer World. We need to do something extraordinary to have a better, easier and more secure way of designing & deploying any Cloud Infrastructure in AWS, Azure, GCP, OpenStack, VMWare, IBM Cloud, Oracle Cloud and even Alibaba Cloud.That is why we create amazing tools so that everybody canbuild & deploy cloud infrastructure with security in mind, knowing the costs upfront, while maintaining continuous regulatory compliance. All done automatically with just a few clicks.We are the first Cloud Management, Security and Compliance company empowering both regular people and cloud professionals with visual tools to meet this level of cloud automation and security.We're Cyscale, born in the Cloud to protect the Cloud!Join our team or pre-register for the product launch: https://cyscale.com
  • BRIO — Brio is more than an idea whose time has come — it’s a fully fledged DeepTech SaaS educational platform that was conceptualised according to the most rigorous global standards. One of those few fortunate businesses where profit and social purpose go hand in hand, Brio is a first mover in a market of 3 million students (in Romania alone), offeringcore testing products for grades 1-12, for the National Evaluation and the Baccalaureate.
  • SecurifAI — SecurifAI develop AI systems for real-time video analysis in order to detect suspect behavior, potential attacks, and deliver timely alerts.
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Hoxton Ventures
VC Fund · London, England, United Kingdom · 1 investments in Romania Enterprise startups, 15 in the past 12 months

Hoxton Ventures focuses on startups that either disrupt existing industries or invent entirely new market categories. Hoxton typically invests between $500,000 and $5 million into pre-seed, seed, and Series A stage companies, and follows its capital through the life of the company. The firm is based in London and invests all across Europe.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Series A
  • Geography: United Kingdom, United States, Canada

Investor stats

  • Total investments: 101
  • Round size: Seed $1.5M–$8.6M; Series A $4.2M–$25M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $215M in 2022

Portfolio highlights

  • Preply — Looking for a tutor? Preply is the best platform for private online lessons with a flexible payment system and affordable prices. Book your first lesson.
  • Graphext — Graphext is a no-code platform for business intelligence helping you to build powerful data science projects.
  • DRUID — DRUID is an AI platform that allows companies to automate processes by designing and deploying UiPath RPA integrated chatbot virtual assistants.
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SIF Transilvania
VC Fund · Brasov, Brasov, Romania · 1 investments in Romania Enterprise startups

Societatea de Investitii Financiare Transilvania S.A. (SIF Transilvania) is a closed-end financial investment company, self-managed in a dualist system and included in the category "Other collective investment undertakings (A.O.P.C.), with a diversified investment policy". The Company's share capital worth RON 109,214,333.20 iscomposed of 1,092,143,332 common shares issued at par value of RON 0.1/share. The shares are listed at the first category of the Bucharest Stock Exchange and have been traded on this market since November 1, 1999 under SIF3 symbol.

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Investment focus

  • Industry: Data Mining, Manufacturing, Internet of Things
  • Stage:Seed
  • Geography: Romania

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • KFactory — KFactory is an Industry 4.0 start-up which disrupts the manufacturing industry and innovates the performance management of production line.
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Celer Capital
VC Fund · Bucharest, Bucuresti, Romania · 1 investments in Romania Enterprise startups

Venture Capital and Private Equity Investment

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Investment focus

  • Industry: Software, Document Management, Artificial Intelligence
  • Stage:Seed
  • Geography: Romania

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Smart Touch Technologies — Extract, process, validate & exchange information from documents between multiple businesses
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Fil Rouge Capital (FRC)
VC Fund · Zagreb, Grad Zagreb, Croatia · 1 investments in Romania Enterprise startups

Fil Rouge Capital (FRC) invests in early stage businesses from angel investment, seed, VC and Series A rounds through a combination of equity and debt structures.FRC’s approach is to target investments that complement the skills and experience of its Founders so that they can bring more than just capital to help a business grow. Both FRC’sFounders have a core knowledge of technology, services, and an entrepreneurial history that they can bring to the benefit of an investment. FRC is Europe-centric, and with a base in Ljubljana, Slovenia, there is an additional focus on Central and Eastern Europe, Austria and Southern Germany. On an opportunistic basis FRC will look at deals throughout Europe and also the United States. The Founders are well-connected to accelerators in Central Europe and in Silicon Valley.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: Croatia, Slovenia, United Kingdom

Investor stats

  • Total investments: 107
  • Round size: Seed $21k–$321k; Pre-Seed $54k–$214k
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • GameBoost — Ranking up has never been easier. With GameBoost's cheap LoL and Valorant Elo Boosting Services.
  • Magic Forest — Magic Forest is a biotech firm that democratizes the forestry sector by permitting public investment. Their online trading platform enables private investors to invest in forests and offset their carbon footprint.
  • Native Teams — Native Teams is a platform that offers payments and employment tools for freelancers, remote workers, and clients. Native Teams was founded in 2021 and was headquartered in London.
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NETOPIA
VC Fund · Bucharest, Bucuresti, Romania · 1 investments in Romania Enterprise startups

NETOPIA System is the leading company offering mobile based services in Romania. A young team of professionals have growth a successful story in no more than 5 years. Today, NETOPIA System has a turnover of more than 2.5Milion Euro, offices in Bucharest Romania and Palo Alto CA , a dedicated team of 10 people and several top services available.Netopia is committed to lead the mobile revolution in Romania and to extend our services on a global scale.

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Investment focus

  • Industry: Marketing, Advertising
  • Stage:Convertible Note
  • Geography: Romania

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • MOCAPP — Find influencers. Run campaigns. Get results.
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Atlas Venture
VC Fund · Cambridge, Massachusetts, United States · 1 investments in Romania Enterprise startups, 6 in the past 12 months

Atlas Venture is an early-stage venture capital firm that creates and invests in biotech startup companies led by promising entrepreneurs focusing on life sciences innovation. Its seed-led venture creation strategy rigorously selects and focuses investment on compelling opportunities to build scalable businesses and realize value.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Series C
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 376
  • Round size: Series A $3.6M–$30M; Series B $7.5M–$50M; Series C $7.5M–$34M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • K36 Therapeutics — K36 Therapeutics mission to translate epigenetic modulation of oncogenic pathways into first-in-class small molecule therapies.
  • Nimbus Therapeutics — Nimbus Discovery is now Nimbus Therapeutics to reflect our transition into a clinical stage company. Nimbus Therapeutics is a biotechnology company headquartered in Cambridge, Mass., that is pioneering a new computational technology-driven paradigm to rapidly advance a diverse pipeline of novel small molecule product candidates into clinicaldevelopment. We are designing highly selective and potent medicines to disrupt known drivers of serious diseases, including metabolic disease, cancer and immune-inflammatory disorders.
  • Nvelop Therapeutics — Nvelop Therapeutics is a biotechnology company that provides gene editing technology services for unmet major disease needs.
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Vlad Ionescu
Angel · 1 investments in Romania Enterprise startups

Vlad Ionescu is Chief Marketing Officer at Tokinomo - Robotic Shelf Advertising. Attended at University of Bucharest.

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Investment focus

  • Industry: B2B, Machine Learning, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: United States, Romania, Ukraine

Investor stats

  • Total investments: 7
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Metadata — Metadata eliminates manual and repetitive work for B2B marketers so you can focus on strategy and creativity.
  • Tokinomo — Discover Tokinomo, the in-store interactive robotic promotional display helps FMCG products stand out on the shelves for an average 200% increase in sales.
  • Respeecher — Voice cloning: create speech that's indistinguishable from the original speaker. Perfect for filmmakers, game developers, and other content creators.
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Kirov Group Ventures
VC Fund · Saint Petersburg, Saint Petersburg City, Russian Federation · 1 investments in Romania Enterprise startups

Corporate venture capital fund of the Kirovsky Zavod

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Investment focus

  • Industry: SaaS, Software, PaaS
  • Stage:Seed
  • Geography: Russian Federation, Serbia, Romania

Investor stats

  • Total investments: 5
  • Round size: Seed $118k–$300k
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Ivitech — IVITECH financial platform works in SEA region and develop unique scoring models for risk evaluation and risk management.
  • HintEd.me — Digital Adoption Platform. Employees software training, Customers onboarding, support automation. Easily create on-screen step-by-step guides for web and Windows applications
  • Pro Control — Pro Control specializes in the field of industrial automation, electric motor drives and electrical installations.
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Clever Capital
VC Fund · 1 investments in Romania Enterprise startups

Clever Capital invest in bold entrepreneurs and disruptive startups building the future through technology.

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Investment focus

  • Industry: Software, B2B, Recruiting
  • Stage:Seed, Pre-Seed
  • Geography: United States, Romania, United Kingdom

Investor stats

  • Total investments: 7
  • Round size: Seed $129k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Oveit — Manage your registration, payments, access control and badge printing in one easy to use app. Start free up to 300 visitors.
  • iFactor — iFactor is an online portal that helps to sell their invoices for immediate cash and asset protofolio with a low-risk investments for SMEs.
  • Plant an App — Plant an App is a low-code cloud-based platform for the rapid development and deployment of web applications.
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EIT Health
VC Fund · Munich, Bayern, Germany · 1 investments in Romania Enterprise startups

EIT Health is a network of best-in-class health innovators backed by the EU. We deliver solutions to enable European citizens to live longer, healthier lives.

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Investment focus

  • Industry: Health Care, Medical Device, Medical
  • Stage:Grant, Pre-Seed, Seed
  • Geography: United Kingdom, Spain, Ireland

Investor stats

  • Total investments: 90
  • Round size: Seed $536k–$1.4M; Grant $21k–$1.2M; Pre-Seed $43k–$1.4M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • Ochre Bio — Ochre Bio is developing therapies for the biggest liver health challenges.
  • ZiO Health — ZiO Health develops multi-functional electronic devices for measuring, testing and detecting the molecular composition of chemical and biological substances for the presence, absence, or quantity of target molecules.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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Ulpia Ventures
VC Fund · 1 investments in Romania Enterprise startups

Ulpia Ventures is a venture capital firm that invests in early-stage to Series A-Level deep tech startups.

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Investment focus

  • Industry: Computer, Software, Web Design
  • Stage:Seed
  • Geography: Romania

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • BRUNCH — Brunch is a feedback tool for live websites that brings everyone involved with building better websites in one place. It's like pointing your finger at an element on a live website. No need to explain where that font is a bit bigger or that image is a bit pixelated. Click, add feedback, and share the link with your team. That simple!
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Global Finance
VC Fund · Athens, Attiki, Greece · 1 investments in Romania Enterprise startups

Global Finance is an independent investment firm investing in private equity and venture capital.The firm's operation consists of private equity fund management, real estate development, and advisory services. It manages a number of funds, each with a distinctive, clearly defined geographic and investment focus.It was headquartered inAthens, Attiki in 1991 and has offices in Sofia, Bucharest, and Belgrade.

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Investment focus

  • Industry: Email, Linux, Software
  • Stage:Series A
  • Geography: Romania

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Axigen — Axigen is an integrated email, calendaring and collaboration platform, masterfully built on our unique Linux mail server technology, for increased speed and security. The Axigen messaging platform is available in three solutions, all tailored to customer needs: - Axigen Business MessagingThe full benefits of email communication &collaboration, integrated in a smart & secure solution based on a powerful mail server for business. - Axigen Service Providers MessagingMulti-tenant messaging for SPs looking to host hundreds to millions of business-level email users, based on a powerful mail server for ISP.- Axigen Free Mail ServerThe Axigen Free Mail Server is a great alternative to open source: it is a turnkey messaging solution with an amazing number of free email users. Currently, AXIGEN is distributed internationally by over 200 partners from 100 countries and manages email traffic for more than 11,000 companies with 6 million end-users.
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Growceanu Angel Investment
VC Fund · 1 investments in Romania Enterprise startups

Growceanu is a group of business angels, active primarily in high-tech areas that contribute with money, professional and business expertise and personal connections to the development of tech startups with high potential of growth.

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Investment focus

  • Industry: SaaS, Artificial Intelligence, Analytics
  • Stage:Seed, Convertible Note
  • Geography: Romania, Luxembourg, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $150k–$750k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Milluu — Helping places become homes! Milluu is the app that gets personal, relevant and smart about rent.We believe that things are done properly when you're personally invested. And we invest our technology & smart tools to help you find your next home or your next ideal tenant!We have created a service app that connects directly listers andtenants based on their preferences.Based on AI and ML, our Milluu Bot is the friendly face of the app, assisting you permanently in your rental journey, making suggestions for great matches and helping you close the deal.
  • MediNav — MediNav is a software company. They offer machine learning, artificial intelligence, medtech, and digital health services. They focus on delivering cutting edge technology to hospitals and private practices in order to support them during their consultations and reduce the time spent on filling forms. If anyone wants to contact them please contactthem via phone call or email.
  • aqurate.ai — Take your eCommerce shop to the next level with the AI-driven Aqurate tools: Product Recommendations engine, Customer Segmentation tool. Find out more details.
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Axxess Capital
VC Fund · Bucharest, Bucuresti, Romania · 1 investments in Romania Enterprise startups

Investment Advisor of private equity fundsFunds under advisory contracts: Romanian-American Enterprise Fund, Balkan Accession Fund and Emerging Europe Accession FundMost extensive investment experience in the region (+15 years presence, + €250M equity invested)Lower mid-market specialists; Deals ranging from €5M to €15M; funds invested for a3-7 years termLargest team in SEE, comprising over 15 people, including investment professionals, finance specialists, legal advisers, and support staff.Blend of local and international perspective. Investment experience, expertise and contacts across relevant sectors and industriesFull time presence in Romania and Bulgaria

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Investment focus

  • Industry: Retail, Internet, E-Commerce
  • Geography: Romania

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Elefant.ro — Elefant.ro is a Romanian online retailer that provides products for children and adults, for home and garden. The company offers more than 100,000 items: books, eBooks, toys, movies, music, eReadere, tablets, clothing products, footwear, accessories, cosmetics and products for children.
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Acequia Capital (AceCap)
VC Fund · Seattle, Washington, United States · 1 investments in Romania Enterprise startups, 29 in the past 12 months

We are a leading early-stage investment platform. We are at the center of a global ecosystem that attracts and fuels the technical founders and product teams building the next wave of global businesses.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 188
  • Round size: Seed $964k–$5M; Pre-Seed $500k–$3.2M; Series A $3.3M–$19M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Puraffinity — Puraffinity develops targeted materials for water treatment, focused on forever chemicals called PFAS. Our strategic intent is to provide 1 billion people with PFAS safe water by 2030
  • Windup Minds — Windup Minds is a game studio focused on creating VR and MR virtual pet experiences. The company runs a gaming studio that aims to bring virtual pet games to market.
  • Harbinger — Founded by veterans of Canoo and Faraday Future, Harbinger is an automotive company that develops EV platforms optimized for medium-duty trucks and delivery vans.
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Dawn Capital
VC Fund · London, England, United Kingdom · 1 investments in Romania Enterprise startups

We are a family of investors, entrepreneurs, strategists and operational specialists, drawn together by our passion for helping B2B founders build category-defining companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: United Kingdom, United States, Israel

Investor stats

  • Total investments: 114
  • Round size: Series A $2.7M–$11M; Series B $4M–$61M; Series C $6M–$101M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $400M in 2020

Portfolio highlights

  • Raito — We make modern data teams more productive by automating data access requests while respecting privacy and security.
  • FLOWX.AI — FLOWX.AI wraps and orchestrates legacy systems, making it incredibly easy for enterprises to create web and mobile front-ends for mission-critical business flows. The revolutionary AI-enabled Apeiron UX engine is able to automatically create a modern, intuitive front-end for customers and employees, helping to consolidate in a unified UI all thebusiness logic cross-systems.This enables companies with complex technology landscapes to create and launch mission-critical digital products fast, and then facilitate an easy path forward to full digital transformation.The revolutionary novel approach is 100x faster and cheaper than existing alternatives. FLOWX.AI allows delivery of enterprise-grade mobile and web digital front-ends as fast as 10 weeks, and requires much smaller engineering teams.
  • AccessFintech — AccessFintech offers a network of participants sharing data, standardising workflows and collaboration exception resolution
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Romania Enterprise startups

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, Sweden, Finland

Investor stats

  • Total investments: 36
  • Round size: Seed $536k–$4.3M; Series A $4.8M–$16M; Series B $3.2M–$30M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
  • DRUID — DRUID is an AI platform that allows companies to automate processes by designing and deploying UiPath RPA integrated chatbot virtual assistants.
  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
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MMC Ventures
VC Fund · London, England, United Kingdom · 1 investments in Romania Enterprise startups, 6 in the past 12 months

MMC is a venture capital fund investing in early stage, high-growth UK companies. Our mission is to be involved in the creation of the global industry-leading companies of tomorrow.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Series A, Seed
  • Geography: United Kingdom, United States, France

Investor stats

  • Total investments: 166
  • Round size: Seed $1M–$6.4M; Series A $1.8M–$19M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $123M in 2019

Portfolio highlights

  • PocDoc — Smart health in your hands
  • APEXX — The APEXX payment gateway consolidates global payment providers into a single integration point, optimising the cost of complex payment ecosystems.
  • measurable.energy — Machine Learning and hardware platform to eliminate wasted energy and GHG emissions in buildings
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Cisco
VC Fund · San Jose, California, United States · 1 investments in Romania Enterprise startups

Cisco enables people to make connections whether in business, education, philanthropy, or creativity hardware, software, and service offerings are used to create the Internet solutions that make networks possible, providing easy access to information anywhere, at any time. Cisco offers a diverse set of services, including technical assistance andadvanced services.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series C, Series B
  • Geography: United States, Israel, United Kingdom

Investor stats

  • Total investments: 138
  • Round size: Series B $3.2M–$54M; Series C $5.5M–$40M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • shift_ed — shift_ed operates as a non-profit organization committed to boldly accelerating student potential.
  • Isovalent — We are proud to work with top-tier enterprises and cloud providers who are running business critical apps at scale.
  • Vibrant Planet — Data-driven science and cloud-based technology to help make communities and ecosystems more resilient in the face of climate change.
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Alex Hoye
Angel · London, England, United Kingdom · 1 investments in Romania Enterprise startups

Alex Hoye is the Co-founder and CEO of Full Stack Supply Co. He previously worked at Runway East as a Co-founder. Alex Hoye attended Stanford University.

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Investment focus

  • Industry: Software, Apps, Advertising
  • Stage:Seed, Angel, Pre-Seed
  • Geography: United Kingdom, United States, Romania

Investor stats

  • Total investments: 12
  • Round size: Seed $54k–$943k; Angel $20k–$1.5M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Motion - Activity Goals — Use Motion to set your personal weekly activity goal and visualise progress. Create a team with friends and share your goals.
  • Grabble — Discover the best new fashion and homeware with the Grabble app. Get inspired by amazing articles and edits curated by our expert stylists, and buy anything you like in one tap.
  • Carv — Carv fits in any ski boot, analyzes your technique, and coaches you with live audio as you ski.
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Arts Alliance
VC Fund · London, England, United Kingdom · 1 investments in Romania Enterprise startups

Arts Alliance is a venture capital organisation supporting a growing network of entrepreneurs. They have a "hands on approach" to investment and provide both creative talent and strategic advice to Portfolio Companies in the technology and services, and communications sectors.

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Investment focus

  • Industry: Advertising, Mobile, Software
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Norway

Investor stats

  • Total investments: 39
  • Round size: Seed $490k–$6.1M; Series A $1M–$23M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — last raise in 2000

Portfolio highlights

  • Spoonshot — Spoonshot's technology leverages food science and artificial intelligence to predict consumer tastes and food trends. We've built our several solutions from this core technology to solve some of the food & beverage industry's key challenges.
  • Aprila Bank — Aprila is a product- and technology company offering innovative financial solutions to small and medium sized businesses. Aprila’s API-based technology platform is connected to around 130,000 SMEs through partnership agreements with leading online accounting systems and other relevant system providers.
  • Growth Street — Growth Street offers UK businesses a faster alternative to bank overdrafts.They see that many growing businesses need flexibility to manage their cashflow. Whether it’s managing the seasonal cycle of business or balancing invoice payments against outgoings, managing cashflow can take a lot of time, focus and energy. Often balancing the booksmeans delaying payments, leaning on suppliers or juggling costs, which can suck up your time, put pressure on your supplier relationships and generally make businesses less efficient.
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Enterprise Investor funding in Romania at a glance

Stats across 2 deals from 4 investors.

4
investors
in Romania Enterprise startups
2
deals
in Romania Enterprise startups
$8.5M
median round
in Romania Enterprise startups
50%
lead investors
lead at least one round
50%
Series A
most common funding stage
100/0
VC / Angel
share of investor count

Access all 4 investors in Romania Enterprise startups.

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