Get 250+ investors tailored to your startup

Invest in your industry and stage
Emails & contact info included
Excel and CSV export
Automatically

Trusted by 3,000+ startups

Top 50 Enterprise Startup Investors in Romania in January 2025

Last updated: Jan 2025 A list of 50 angel investors and VC (Venture Capital) funds that invest in Enterprise startups based in Romania. We rank investors based on the number of investments they made in Enterprise companies from Romania. We update this investor list every month.

Top 50 Enterprise Startup Investors in Romania in January 2025

Investor	Enterprise Romania investments
SeedBlink	23
Early Game Ventures	17
Gapminder VC	11
Roca X	9
3TS Capital Partners	6
Gecad Ventures	6
Sparking Capital	5
Catalyst Romania	5
Malin-Iulian Stefanescu	4
Marius Ghenea	4
Sofia Angels Ventures	3
LAUNCHub Ventures	2
Neogen Capital	2
Day One Capital	2
Zeyshare Ventures	2
PortfoLion Capital Partners	2
D Moonshots	2
European Union	2
Cleverage VentureCapital	2
Alfabeat	2
Sherry Coutu	2
Oliver Hehl	2
TSG Capital	1
Bianca Rusu	1
Venture to Future Fund	1
Celer Capital	1
Underline Ventures	1
Autonom	1
Kinled Holding	1
Sacha Dragic	1
Mozaik Investments	1
Charlie Songhurst	1
SIF Transilvania	1
Karma Ventures	1
Credo Ventures	1
MMC Ventures	1
Fortech Investments	1
Ulpia Ventures	1
The Mavers	1
Clever Capital	1
Lucian Despoiu	1
Andreas Cser	1
Fil Rouge Capital (FRC)	1
Climate-KIC	1
NETOPIA	1
Acequia Capital (AceCap)	1
Eleven Ventures	1
KG Ventures	1
Vlad Ionescu	1
Axxess Capital	1

Find investors that fund startups like yours. Automatically.

Our algorithm will find investors that invest in your industry, stage, and geography.

Investor list

All-in-one solution for fundraising, managing and trading equity. Explore promising tech startups and flexible funding opportunities with SeedBlink.

Investment focus

Software, Information Technology, SaaS
Seed, Pre-Seed, Series A
Romania, United States, United Kingdom

Portfolio highlights

Pago — Managing and paying utility bills, insurance, mobile top-ups and taxes takes too much time for many households in Europe. Pago simplifies these payments by adding automation where possible, using integrations with billers, insurers and online platforms to dramatically reduce the time needed for all these payments. The service is available in theB2C app called Pago and through B2B integrations by embedding Pago features in partner apps through SDK or API. Pago's services are used by over 500k monthly active users in Romania, Poland and Italy.
Brainactive — Brainactive is an AI-driven platform that streamlines the access to vital insights used by companies to make sound business decisions, by enabling them to directly interview their current and potential customers, regardless of their expertize in sociology, past experience with market research, size of their team, or their market research budget.Integrated with a pool of 300+ million vetted and engaged consumers around the world, the platform allows companies to get relevant answers to their questions in minutes, with assistance from advanced conversational and generative LLM trained on market research, available along the way.Putting businesses in direct contact with their customers essentially removes the need for any intermediaries in the process and brings the costs and time down to a mere fraction of what traditional market research typically requires. At the same time, companies get to keep sensitive concepts and prototypes tested entirely secured, since no one else is involved, at any stage.
dotLumen - Empowering the Blind — .lumen builds glasses that help the blind live a better life.

Early Game Ventures (EGV) is an early-stage venture capital firm investing in startups that jumpstart new industries in the emerging markets of Europe.Their philosophy is quite straightforward: they invest at the earliest stages in companies whose founders have vested interests, are coachable and address big markets. If the opportunity is real,they prefer to be the first institutional investor in such startups.EGV is also running a concierge accelerator, taking in only 5 or 6 startups per year for a very intensive and tailor-made program.

Investment focus

Software, Information Technology, Artificial Intelligence
Seed, Pre-Seed, Series A
Romania, United States

Portfolio highlights

Youni — Youni is a student online application platform that finds universities and recruitment partners.
CogniSync — CogniSync helps teams and organizations scale top performance and individual autonomy. Our 'embedded AI intelligence' surfaces best practices and reveals any potential misalignment with compliance or internal standards in real-time via AI feedback & guidance on your work - automatically, on top of any platform or tool.
The Cat Health Company — The Cat Health Company, which focuses on advancing feline longevity research to prevent or delay age-related illnesses in cats.

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

Investment focus

Software, Information Technology, SaaS
Seed, Pre-Seed, Series A
Romania, United Kingdom, United States

Portfolio highlights

Genezio — The type safe serverless platform for modern full-stack developers Everything you need to build apps that scale up to millions of users.
FintechOS — FintechOS extends your core, letting you innovate banking and insurance products, digital journeys, and back-office workflows without the cost or risk.
DRUID — DRUID is an AI platform that allows companies to automate processes by designing and deploying UiPath RPA integrated chatbot virtual assistants.

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!

Investment focus

Software, Information Technology, Health Care
Seed, Pre-Seed, Convertible Note
Romania, Italy, Israel

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.
Munevo — Munevo empowers people with disabilities by using smart and innovative technology.
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.

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.

Investment focus

Software, Internet, SaaS
Funding Round, Series A, Seed
United States, Romania, Poland

Portfolio highlights

Boksi — Influencer marketing campaigns. Custom brand photos and videos with full usage rights. Over 10,000 amazing creators. All on one easy-to-use platform.
JENTIS — Mit JENTIS erheben Sie Ihre First Party Daten und leiten sie serverseitig DSGVO-konform an Ihre Marketing-Tools weiter. Jetzt Demo buchen.
Spectrm — Streamline your marketing funnel with Spectrm conversational marketing. The leading end-to-end chatbot platform for growth teams and enterprise.

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

Investment focus

Software, Information Technology, Payments
Seed, Series A, Funding Round
Romania, United Kingdom, United States

Portfolio highlights

FintechOS — FintechOS extends your core, letting you innovate banking and insurance products, digital journeys, and back-office workflows without the cost or risk.
Dataworks Research SRL — 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.

Sparking Capital is an early stage fund backing entrepreneurs with unique industry insights, powerful vision and excellence in execution.

Investment focus

Mobile Apps, Information Technology, Internet
Seed, Pre-Seed
Romania

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 simplifies video creation, saving time and resources. Boost engagement, retain clients, and grow your business with AI. Try it for free!
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.

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

Investment focus

Software, E-Commerce, EdTech
Funding Round, Seed
Romania, Serbia

Portfolio highlights

evoMAG — evoMAG is an online portal that offers tablets, laptops, computer equipment, appliances, printers, and various products.
ESX — ESX operates as a fitness subscription startup.
Adapta Robotics — Creating, designing, and manufacturing adaptable robotic products that support automation efforts and technological progress.

Business Angel, Entrepreneur, Father

Investment focus

Marketing, Software, Internet
Seed, Angel, Series A
Romania, United States, United Kingdom

Portfolio highlights

Aggero — With our video listening tool we convert video content into actionable insights, boosting your marketing strategies & ROI. Discover audience preferences, analyse competitor tactics, and more.
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!

• 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

Investment focus

Software, SaaS, Internet
Series A, Seed, Funding Round
Romania, Serbia, United Kingdom

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.

Applications for funding are reviewed on a rolling basis by Sofia Angels Ventures. Begin your submission now by clicking below.

Investment focus

Artificial Intelligence, Information Technology, Software
Seed, Pre-Seed, Series A
Germany, Italy, Austria

Portfolio highlights

inHEART — inHEART is a spin-off from IHU Liryc and Inria, two top-tier research centers respectively in cardiac electrophysiology and digital science and technology, that develops software solutions for medical image analysis and cardiac modeling in heart rhythm disorders. inHEART vision is to make the bridge between radiology and cardiology to become aworldwide leader in image-guided diagnosis, therapy planning and navigation software solutions for heart rhythm disorders.
Ethermind — Struggling to scale your productivity? Ethermind AI copilot answers customer queries, saving trainers & customers 50% of their time.
denxpert EHS&S software — denxpert EHS&S software specializes in providing cloud-based legal compliance software tailored for environmental, health, safety, and sustainability (EHS&S) professionals. The software is designed to streamline the processes required for ensuring compliance with environmental and occupational safety regulations, thereby reducing theadministrative burden on EHS&S professionals. It offers features such as data collection, reporting, and management of compliance tasks, aimed at minimizing health and safety legislation risks. denxpert EHS&S software also includes specialized solutions like the CRANE software for managing crane-related compliance issues efficiently. With a focus on simplifying EHS&S management, denxpert EHS&S software supports companies in maintaining compliance with relevant laws and regulations through its intuitive platform.

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

Investment focus

Software, SaaS, Enterprise Software
Seed, Series A, Pre-Seed
Bulgaria, United Kingdom, United States

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.
Dataworks Research SRL — 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.

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

Investment focus

Software, Information Technology, B2C
Pre-Seed, Seed
Romania, Greece, United Kingdom

Portfolio highlights

Protio — Protio is proptech startup reinventing the process of buying & selling real estate.
TULIPR — Tulipr is your solution for Marketing Procurement in the FMCG industry. Manage suppliers and vendors efficiently.
Metabeta — Early-stage portfolio management for startup accelerators and investors.

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.

Investment focus

Software, Information Technology, Apps
Seed, Series A, Pre-Seed
Hungary, United States, Croatia

Portfolio highlights

Miros — Revolutionizing ecommerce with AI-powered visual search and semantic search. Seamless, tagless, and intuitive product discovery for all shoppers.
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.

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

Investment focus

Internet, News, E-Commerce
Seed, Series A
Romania, United States, United Arab Emirates

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.

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.

Investment focus

Software, Information Technology, Big Data
Series A, Seed, Series B
Hungary, Poland, United States

Portfolio highlights

NORBr — Build your no-code payment stack with the best payment providers. One API to rule them all. Move faster. Go further.
4fizjo — 4fizjo.pl is a store offers premium sports and physiotherapy accessories for health and relaxation.
Coding Giants — Put description here

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

Investment focus

SaaS, EdTech, Software
Pre-Seed, Convertible Note
Romania, United Kingdom

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.

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

Investment focus

Health Care, Information Technology, Biotechnology
Grant, Seed, Funding Round
Germany, United Kingdom, United States

Portfolio highlights

Sorsera — Sorsera provides advanced intelligence and collaboration tools for suppliers, buyers and collaborators involved in the tendering process.
Stellar — At Stellar we bring perfect internet on the move to vehicles and passengers, leveraging the combined strength of cellular, wi-fi, and satellite networks, through AI and fully integrated solutions. We offer SaaS, data plans, and all-inclusive options for enterprise connectivity needs on the move.
ProCredit Bank Moldova — ProCredit Bank Moldova is a development-focused commercial bank.

Cleverage Venture Capital

Investment focus

Health Care, Information Technology, SaaS
Seed, Pre-Seed, Convertible Note
Romania, The Netherlands

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.
Synaptiq.io — When Artificial Intelligence meets Medical Analysis - we create software solutions based on AI for improving medical services.
XVision — XVision is an automated x-ray analysis application that assists radiologists by providing accurate interpretations of medical images

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.

Investment focus

Software, Marketing, Internet
Seed, Series A, Pre-Seed
Poland, United Kingdom, United States

Portfolio highlights

SunRoof — Roof of the future
Monetizr — Rewarded and native brand experiences that enhance gameplay and activate your brand at scale.
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.

Sherry Coutu currently works as an Independent Non Executive Director for Pearson. She previously worked at superpower as a Director. Sherry Coutu attended Harvard Business School.

Investment focus

Software, E-Commerce, Human Resources
Seed, Angel, Series A
United Kingdom, Romania, United States

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.
FullCircl — FullCircl is a Customer Lifecycle Intelligence (CLI) platform for customer-facing channels in B2B financial services. Better business, faster.

Oliver Hehl

Investment focus

Financial Services, Banking, Apps
Angel, Seed, Pre-Seed
Germany, Romania

Portfolio highlights

OWWN — wajve offers all financial services like banking, advice, and education in one app.
Jobful — Welcome to Jobful, the leading talent community platform that helps companies build their own talent pools, engage with candidates, and reduce recruitment costs. Explore our solutions today.
deineStudienfinanzierung — deineStudienfinanzierung is the digital platform to help students finance their studies.

TSG Capital is a boutique Investment firm focused on Innovative Startups in the Thai and Singaporean Ecosystem. The company is consists of entrepreneurs, backed by High Net Worth Individuals focused on intrinsic value-added businesses. TSG Capital specializes in the fields of business development support and SME loans and financing.

Investment focus

Fashion, E-Commerce, Information Technology
Seed
Romania

Portfolio highlights

The Outfit — The Outfit combines data science and personal stylists know-how to deliver personalisation at scale.

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

Investment focus

SaaS, Software, Education
Equity Crowdfunding, Pre-Seed, Seed
Romania, United Kingdom

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.

Venture to Future Fund is a joint initiative of EIB, the Ministry of Finance of the Slovak Republic, and the Slovak Investment Holding. It is the first venture capital fund of its kind in the CEE region that has lured EIB´s capital. We like hi-tech scaleups, however our focus is more generalistic. Our approach is more comprehensive and whatcounts the most is the innovation level, the overall uniqueness of the presented solution, and, of course, a skilled team with excellent execution power.We look for SMEs (Seed, Series A and beyond)) with at least a partially functioning and viable product that has been proved on the market and has first paying customers or signed contracts for the upcoming months.The minimum ticket is €0,5 million, average participation ranges from €1.5 – 2 million. We always invest alongside independent private co-investors based on the pari passu principle (50:50). Primary choice of preference are Slovak-incorporated SMEs or EU companies with capital link to Slovakia.

Investment focus

Software, Information Technology, Internet of Things
Funding Round, Seed, Series A
Slovakia (Slovak Republic), Romania, United States

Portfolio highlights

Sloneek — Sloneek is a cloud-based HR system that is easy to implement in small and medium companies. Your employees will love it & you will be able to manage your people more efficiently.
SuperScale — SuperScale is an all-in-one Growth Platform that profitably scales games & blockchain apps to their maximum potential.
dotLumen - Empowering the Blind — .lumen builds glasses that help the blind live a better life.

Venture Capital and Private Equity Investment

Investment focus

Software, Document Management, Artificial Intelligence
Seed
Romania

Portfolio highlights

Smart Touch Technologies — Extract, process, validate & exchange information from documents between multiple businesses

Underline Ventures partners at the earliest stages with Eastern European founders building high-growth startups with global ambitions. Underline Ventures invest at the seed stage (pre-seed, seed, late seed) along with other investors, which we can also help you find. Our average cheque is €500k.

Investment focus

Software, Information Technology, Machine Learning
Seed, Pre-Seed
Romania, Serbia, United States

Portfolio highlights

Turneo — Inspire travelers to browse and book all of their holiday activities, directly on your website
MixRift — MIXRIFT - game developers specialized in Mixed Reality
SaleSqueze — SaleSqueze visual CPQ helps you design visual product configurators and automate quote preparation so your customers can see what they are buying.

Autonom is the mobility network that provide clients with a variety of transportation and car rental options. Autonom is a family company that thinks long term. The success for us is given by the satisfaction of the clients and by the evolution of the colleagues. Business growth, profitability and financial stability are all natural consequences.For more financial data you can find us on the Bucharest stock exchange symbol AUT24E.

Investment focus

Information Technology
Seed
Romania

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.

Kinled was founded in 1980 to retain the investment assets of the Aisher family.In 1990, the investment focus shifted to a portfolio of early stage investments applying Kinled’s company development experience alongside the endurance and passion of family owned investments together with the strategic focus of venture capitalists.Since then,Kinled has taken 8 companies to public markets and many more to successful trade sales at significant multiples.

Investment focus

Biotechnology, Health Care, Financial Services
Seed, Funding Round, Series A
United Kingdom, United States, Switzerland

Portfolio highlights

Xapien — Xapien delivers automated insight reports on companies and individuals in minutes, so you can make informed business decisions quickly and with confidence.
OneTrust — OneTrust is a provider of privacy management and marketing compliance technology that helps organizations comply with global regulations. It automates privacy impact assessments and data inventory mapping, enforces risk remediation actions, and triggers recurring audits for continuous compliance monitoring across customer, employee, and vendor datatransfers. Its web-based software can be accessed on any device and provides a single place for a private office to collaborate with business groups, vendors, and trusted advisors managing privacy risks. The result is the ability to demonstrate privacy by design and ongoing compliance with policies, data privacy laws (GDPR, BCR, Privacy Shield), and other privacy frameworks (HITECH, ISO, GAPP, APEC).The company was founded in 2016 and is headquartered in Atlanta, Georgia.
Connect Earth — Connect Earth is an environmental data company that builds the infrastructure for climate-conscious products by aggregating and standardising environmental data and making it available through developer-first toolkits. The core product is an API solution that calculates the carbon impact of spend-based financial transactions of consumers and companies.

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

Investment focus

News, Sports, Fitness
Seed, Pre-Seed, Funding Round
Romania, The Netherlands, Bosnia and Herzegovina

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.

Mozaik Investments offers flexible growth financing to small and medium-sized enterprises with unique qualities and exceptional leadership.

Investment focus

Apps, FinTech, Payments
Series A
Romania

Portfolio highlights

Pago — Managing and paying utility bills, insurance, mobile top-ups and taxes takes too much time for many households in Europe. Pago simplifies these payments by adding automation where possible, using integrations with billers, insurers and online platforms to dramatically reduce the time needed for all these payments. The service is available in theB2C app called Pago and through B2B integrations by embedding Pago features in partner apps through SDK or API. Pago's services are used by over 500k monthly active users in Romania, Poland and Italy.

Charles Songhurst is a founding partner of Katana Capital, a long-short equity hedge fund. He also runs the Songhurst Group, which holds assets in a variety of private companies.Charles ran corporate strategy for Microsoft and focused on partnering and M&A. He was involved in the Yahoo acquisition and commercial deal, and the Skypeacquisition. Before running corporate strategy, Charles was focused on the emergence of Google and the growth of the search industry.Prior, Charles was an analyst at McKinsey & Company in London. Charles received a bachelor’s degree from Oxford University in politics, philosophy, and economics.

Investment focus

Software, Information Technology, Artificial Intelligence
Seed, Pre-Seed, Funding Round
United Kingdom, United States, Germany

Portfolio highlights

Stelia — Stelia stands at the forefront of the AI infrastructure revolution and is driving the transition from Internet 2.0, designed for data movement, to Internet 3.0, designed for data mobility, enabling the seamless flow and processing of data across diverse environments. With its ground-breaking HyperBand platform, Stelia enables businesses toharness the full potential of AI. The company's mission is to become the backbone of the next generation of data mobility, empowering organizations across industries to accelerate innovation, optimize operations, and drive transformative growth. Stelia will be at the gravitational centre of the AI infrastructure ecosystem – a trusted partner and catalyst for change that brings together forward-thinking businesses, technology leaders, and industry experts to shape the future of AI. It was founded in 2021 and is located in London, United Kingdom.
Lodestar — Lodestar is a next-gen robotics company building a fully-integrated solutions to construct, restore and protect high-value assets in space.
Briefcase — Briefcase automates the legwork in accounting so you can focus on growing your practice

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.

Investment focus

Data Mining, Manufacturing, Internet of Things
Seed
Romania

Portfolio highlights

KFactory — KFactory is an Industry 4.0 start-up which disrupts the manufacturing industry and innovates the performance management of production line.

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

Investment focus

Software, Artificial Intelligence, Information Technology
Series A, Series B, Seed
Estonia, Sweden, Finland

Portfolio highlights

BforeAI — Starting from patented technology developed in years of research, BforeAi is the prediction service that looks for newly registered or morphed domains, and score their maliciousness looking at metadata and links to other bad guys.
Hydrogrid — All-in-one solution for optimizing hydropower plants. Increase revenues by up to 18%, reduce spill by up to 12%, and save valuable time with Hydrogrid Insight.
Pactum — Pactum autonomous negotiations help companies unlock hidden value. Our AI negotiates non-strategic supplier contracts on a massive scale.

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

Investment focus

Software, Artificial Intelligence, Information Technology
Seed, Series A, Pre-Seed
United States, United Kingdom, Czech Republic

Portfolio highlights

Mindgram — Mindgram is a science-based platform and mobile app for complete mental wellness.
Picogrid — Picogrid builds a unified platform for autonomous systems. Connect, command, and monitor sensors and autonomous systems at global scale.
Kurs Orbital — Kurs Orbital expands human activities beyond Earth

MMC is a venture capital fund investing in early stage, high-growth UK companies. Investing in technology companies at Seed and Series A.

Investment focus

Software, Artificial Intelligence, Machine Learning
Series A, Seed, Funding Round
United Kingdom, United States, France

Portfolio highlights

PocDoc — PocDoc is a pioneer in the field of smartphone-based fast disease testing.
Atlas Metrics — The single source of truth for your ESG data
Tangible — Tangible empowers hardware companies with sustainable asset-based lending solutions. Our platform streamlines debt funding, compliance automation, and financial product design, enabling efficient capital mobilization and comprehensive reporting for a greener future. Scale your business with Twist.

Romanian Investment fund and strategic partner for early-stage start-ups in Energy, Healthcare, Manufacturing, Automotive, and FinTech.

Investment focus

Software, Data Mining, Manufacturing
Seed, Debt Financing
Serbia, Romania, United States

Portfolio highlights

SaleSqueze — SaleSqueze visual CPQ helps you design visual product configurators and automate quote preparation so your customers can see what they are buying.
Synaptiq.io — When Artificial Intelligence meets Medical Analysis - we create software solutions based on AI for improving medical services.
Collabwriting — Collabwriting is a simple browser extension that helps you share, comment and collaborate on content you find online

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

Investment focus

Computer, Software, Web Design
Seed
Romania

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!

The Maversis a venture capital investment firm.

Investment focus

Consulting, Health Care, Information Technology
Pre-Seed, Seed
Romania

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.

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

Investment focus

Software, B2B, Recruiting
Seed, Pre-Seed, Funding Round
United States, Romania, United Kingdom

Portfolio highlights

Oveit — Automate your operations with Oveit's ticketing, registrations and payments designed for events and attractions. Rated 4.9/5 on Capterra.
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.

Founder & CEO of Majoritas, leading political technology and communication consortium of companies, Lucian Despoiu is a serial entrepreneur with over 16 years of experience in the digital marketing industry and over 20 digital political campaigns all around the world.A result driven specialist, Lucian is one of the key innovators of thePolitical and Institutional Communication industries, with a vision of making research, data, technology and paid media work together for politicians and Governments all around the world. Under his leadership Majoritas Global has been influencing elections in Africa, Asia, Latin America and Europe through its 12 offices.To the group of companies in Majoritas Global, Lucian has recently added Majoritas Insights, a real-time research company, and Majoritas Academy, an educational initiative, and is currently working on developing a solution addressed to citizens willing to get involved in how decisions are being made in their society.

Investment focus

Consulting, Information Services, Information Technology
Angel
Romania

Portfolio highlights

BeeFast — BeeFast provides an all-in-one solution to manage, track, and deliver orders, making the entire process as simple as possible.

Andreas Cser - Partner @ Automat Ventures

Investment focus

Apps, Ad Retargeting, Subscription Service
Seed, Angel
United Kingdom, Romania, United States

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 — IDEBET adalah penyedia link ke situs slot gacor terbaru 2024 ini, yang menawarkan rtp tertinggi sehingga menang petir merah dengan mudah hari ini dan dapat gacor dengan mudah pada tahun 2024. Mereka juga dapat memberikan sensasi bermain slot online yang mudah menang di Indonesia. Raih kemenangan di situs slot online paling terkenal di Indonesia, IDEBET. Pemenang bukan hanya angan-angan; Anda hanya perlu bermain dan bertahan! Gabung IDEBET sekarang dan nikmati jackpot tanpa batas bersama kami IDE BET Slot Online.!
Pathfinder Medical — Pathfinder Medical is developing a novel electronic guidance system that will enable clinicians to connect blood vessels in a minimally invasive way.

Fil Rouge Capital (FRC) is an investment fund manager whose funds focus on early-stage businesses from pre-seed, seed, and Series A rounds of investment.

Investment focus

Software, Information Technology, E-Commerce
Seed, Pre-Seed, Funding Round
Croatia, Slovenia, United Kingdom

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.

EIT Climate-KIC is a European knowledge and innovation community, working to accelerate the transition to a zero-carbon economy.Supported by the European Institute of Innovation and Technology, we identify and support innovation that helps society mitigate and adapt to climate change. They believe that a decarbonised, sustainable economy is notonly necessary to prevent catastrophic climate change, but presents a wealth of opportunities for business and society.

Investment focus

Sustainability, CleanTech, Energy
Seed, Grant, Pre-Seed
Switzerland, Germany, United Kingdom

Portfolio highlights

Everimpact — We help cities, businesses and industries measure, reduce, and monetise their GHG emissions (CO2 and methane). We measure GHG emissions accurately and in real time with satellite imagery, big data and sensors and certify the data.
Latitudo40 — Empower sustainable growth with AI-driven satellite insights from Latitudo 40. Unlock precise, real-time data for smarter urban planning, climate risk management, and industry innovation. Enhance resilience and lead with confidence.
WindCapture Technologies — WindCapture Technologies utilises the scale of wind turbines to provide affordable and scalable direct air capture of atmospheric carbon dioxide.

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.

Investment focus

Marketing, Advertising
Convertible Note
Romania

Portfolio highlights

MOCAPP — Find influencers. Run campaigns. Get results.

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.

Investment focus

Software, Artificial Intelligence, Information Technology
Seed, Series A, Pre-Seed
United States, United Kingdom, Switzerland

Portfolio highlights

Sloyd — 3D modeling has never been easier. Select a generator, tweak it, done. Generate with realtime in the Sloyd Webapp or SDK.
Legion Health — Legion Health is building the infrastructure for health care organizations to scale their virtual mental health offerings.
ExpressionEdits — Redefining the status quo of protein expression

We empower local heroes to build global success. Eleven is an early-stage VC investing in technology companies in Southeast Europe.

Investment focus

Software, SaaS, Information Technology
Seed, Convertible Note, Pre-Seed
Bulgaria, United States, United Kingdom

Portfolio highlights

LAM'ON — LAM'ON OOD was created with the intention of creating a product that would be recyclable or compostable, improve environmental and human health safety, and readily replace the existing petroleum-based plastic solutions.
Vivian Lab — Vivian Lab is a women's digital health startup. It integrates menopause education, telehealth, personalized treatment regimens, community support, and AI assistants.
Cloud Office — Cloud Office Ltd specializes in providing solutions that leverage Google Cloud and Workspace to enhance business operations. The company offers services aimed at improving commercial terms for Google Cloud and Workspace, planning and executing strategies for Google technology adoption, and hosting specialized training sessions. With a focus on ITservices and consulting, Cloud Office Ltd caters to a diverse clientele, aiming to optimize their use of cloud technologies for better efficiency and innovation. The company also engages in events and expert sessions to keep businesses informed about the latest in Google's AI and cloud offerings, demonstrating a commitment to empowering businesses through technology.

Corporate venture capital fund of the Kirovsky Zavod

Investment focus

SaaS, Software, PaaS
Seed
Russian Federation, Serbia, Romania

Portfolio highlights

Ivitech — IVITECH financial platform works in SEA region and develop unique scoring models for risk evaluation and risk management.
TraceAir — Construction platform providing drone flights, 3D mapping, analytics, and data processing services to accelerate site work.
Pro Control — Pro Control specializes in the field of industrial automation, electric motor drives and electrical installations.

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

Investment focus

B2B, Machine Learning, Artificial Intelligence
Seed, Series A
United States, Serbia, Romania

Portfolio highlights

Metadata — Social media platforms and agencies push for higher spending. With Metadata, every dollar invested transforms into tangible pipeline results.
Trickest | Offensive Security Automation — Add SEO description here.
Respeecher — Voice cloning: create speech that's indistinguishable from the original speaker. Perfect for filmmakers, game developers, and other content creators.

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

Investment focus

Retail, Internet, E-Commerce
Funding Round
Romania

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.

Investors by industry