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Top 5 Impact VC Funds & Investors in Romania (October 2026)

The most active venture capital funds investing in Romania Impact startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Romania Impact startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Impact Ventures Hungary
VC Fund
2 Hungary, Spain, Italy Seed, Pre-Seed Software, Agriculture, Health Care $878k–$4.6M
Early Game Ventures
VC Fund
2 Romania, United States, United Kingdom Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $137k–$3.3M
SeedBlink
VC Fund
2 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $139k–$35M
Roca X
VC Fund
2 Romania, United Kingdom, Italy Seed, Pre-Seed, Convertible Note Software, Information Technology, SaaS $56k–$2.6M
Up
VC Fund
2 Romania Seed, Pre-Seed Waste Management
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Impact Ventures Hungary
VC Fund · Budapest, Budapest, Hungary · 2 investments in Romania Impact startups

Impact Ventures is a specialist fund manager focusing on Impact Investments. Our mission is to catalyze social impact by supporting and investing in high-growth social SMEs in Europe, addressing areas of social inclusion, education, employment, health and environmental sustainability.

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Investment focus

  • Industry: Software, Agriculture, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Hungary, Spain, Italy

Investor stats

  • Total investments: 19
  • Round size: Seed $878k–$4.6M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Prosoma — Prosoma was born out a need to provide more comprehensive care for cancer patients. We have found a fundamental lack of access to psychological care for patients who not only have to face a life-altering disease and treatment, but also crucially have a different set of needs than other psychological patients. Barriers to accessing psychologicalcare often include low numbers of therapists and clinicians in the area, financial or geographical limitations, and the general wellbeing of patients preventing them from attending meetings. All of these issues can be solved by modern technology.By using VR as part of, or when necessary, an alternative to traditional psychological treatment, we can reach patients that would otherwise be left without any support. They can use our tool at home or in the clinics whilst undergoing pharmacological treatment and chemotherapy.We hope to provide patients with a tool that will help them manage stress, cope with the burden of cancer, and eventually improve their quality of life.
  • Doctor.One — Doctor.One is a chronic care platform that empowers healthcare professionals to stay connected with their patients through continuous, asynchronous communication. By transforming care into a relationship-driven experience beyond the visit, we help improve engagement, boost adherence, and ensure that no chronic patient feels alone in their healthjourney.
  • Candam — Candam specializes in developing technology for the waste management solutions sector. It has developed a cost-effective Smart Ring technology capable of recognizing all types of packaging material. Its patented system recognizes all types of packaging material in real time due to acoustic techniques combined with AI algorithms. It aims to improvewaste collection with the use of technology.
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Early Game Ventures
VC Fund · Bucharest, Bucuresti, Romania · 2 investments in Romania Impact startups

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.

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Investment focus

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

Investor stats

  • Total investments: 55
  • Round size: Seed $330k–$1.9M; Pre-Seed $378k–$1.1M; Venture - Series Unknown $137k–$3.3M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: Likely still investing — raised $64M in 2024

Portfolio highlights

  • Kyndred — Kyndred builds AI characters with real-time animation, emotional voice, and long-term memory.
  • Soulstream — The first social note-taking app for books. Underline (formerly BookVitals) helps people extract notes from physical, digital and audiobooks, and then share those book notes with friends and followers.
  • Orbital Matter — Orbital Matter is a construction company in space that works on a 3D printing technology to be used directly in orbit and on the moon. Orbital Matter aims to manufacture large elements of space infrastructure such as walls for space stations, moon habitats, and SBSP reflectors. The company was founded in 2022 and is based in Warsaw, Poland.
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Roca X
VC Fund · Bucharest, Bucuresti, Romania · 2 investments in Romania Impact 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, SaaS
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Romania, United Kingdom, Italy

Investor stats

  • Total investments: 36
  • Round size: Seed $150k–$2.6M; Pre-Seed $56k–$915k; Convertible Note $165k–$1.1M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $4.4M in 2019

Portfolio highlights

  • FilmChain — Managing end-to-end financial transactions for creative industries
  • Bunnyshell — Bunnyshell is a a simple and fast cloud-agnostic DevOps automation platform to deploy, scale, and optimize your applications.We provide easy infrastructure management on multiple clouds , application management and DevOps Tools.Bunnyshell increases speed, performance, and scalability & works on the most popular major clouds: AWS, DigitalOcean, Azure, Linode, Vultr, UpCloud.Our platform allows you to focus on growing your app, while we take care of the rest: real time monitoring, auto scaling, smart self-healing servers, one click deployment. Backed by 24/7 real time support.
  • Kinderpedia — Free remote video teaching on Kinderpedia, Daily attendance, gradebook and reports and 20 more functionalities for connected education.
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Up
VC Fund · Gennevilliers, Ile-de-France, France · 2 investments in Romania Impact startups

Up offers payment methods and management solutions for nutritional and work-life balance, responsible consumption and democratizing culture.

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Investment focus

  • Industry: Waste Management
  • Stage:Seed, Pre-Seed
  • Geography: Romania

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Bonapp.eco — bonapp.eco is a mobile application that connects consumers with traders whose food is approaching its expiry date to combat food wastage.
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Impact VC funding in Romania at a glance

Stats across 27 deals from 28 investors.

28
investors
in Romania Impact startups
27
deals
in Romania Impact startups
$500k
median round
in Romania Impact startups
61%
lead investors
lead at least one round
26%
Pre-Seed
most common funding stage

Access all 28 VC funds in Romania Impact startups.

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