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Top 15 Internet VC Funds & Investors in Romania (June 2026)

The most active venture capital funds investing in Romania Internet startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Romania Internet startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Early Game Ventures
VC Fund
6 Romania, United States, The Netherlands Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $159k–$14M
3TS Capital Partners
VC Fund
6 United States, Romania, Poland Series A, Seed Software, Internet, SaaS $719k–$12M
Sparking Capital
VC Fund
5 Romania, United States, Czech Republic Seed, Pre-Seed Information Technology, SaaS, Internet $318k–$2M
Catalyst Romania
VC Fund
4 Romania, United Kingdom, Serbia Seed, Series B Software, Retail, FinTech $1.1M–$3.3M
GapMinder VC
VC Fund
3 Romania, United Kingdom, United States Seed, Pre-Seed, Series A Software, Information Technology, SaaS $82k–$15M
Gecad Ventures
VC Fund
3 Romania, United Kingdom, United States Seed, Series A Software, Payments, Information Technology $176k–$5.5M
SeedBlink
VC Fund
3 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $126k–$35M
LAUNCHub Ventures
VC Fund
2 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, SaaS, Enterprise Software $44k–$58M
Roca X
VC Fund
2 Romania, Italy, Israel Seed, Pre-Seed, Convertible Note Software, Information Technology, Health Care $55k–$2M
Zeyshare Ventures
VC Fund
2 Romania, United States, United Arab Emirates Seed, Series A Internet, News, E-Commerce
Axxess Capital
VC Fund
1 Romania Retail, Internet, E-Commerce
Fortech Investments
VC Fund
1 Serbia, Austria, Romania Seed, Pre-Seed Software, Manufacturing, E-Commerce $658k–$1.5M
Global Finance
VC Fund
1 Romania, Bulgaria Series A Email, Linux, Software
Eleven Ventures
VC Fund
1 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.3M
SIF Transilvania
VC Fund
1 Romania Seed Data Mining, Manufacturing, Internet of Things
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Investor list

Early Game Ventures
VC Fund · Bucharest, Bucuresti, Romania · 6 investments in Romania Internet 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, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Romania, United States, The Netherlands

Investor stats

  • Total investments: 40
  • Round size: Seed $318k–$1.5M; Pre-Seed $159k–$1.1M; Series A $2.5M–$14M
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • 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.
  • Hyperhuman — Build, personalize, deliver, and grow modern health, wellness, and fitness products without building the stack. Hyperhuman combines workout API, exercise API, white-label fitness app delivery, AI content creation, and adaptive personalization in one platform.
  • PlaySafe ID
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3TS Capital Partners
VC Fund · Helsinki, Southern Finland, Finland · 6 investments in Romania Internet startups

One of the leading European technology-focused growth capital investors, backing high-growth SMEs across Technology & Internet, Media & Communications.

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Investment focus

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

Investor stats

  • Total investments: 68
  • Round size: Seed $719k–$2.6M; Series A $768k–$12M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — raised $176M in 2021

Portfolio highlights

  • NEXD — Nexd is a platform for creating interactive programmatic display and video ads. Free 14-day trial.
  • Smart Bill — Rezolva tot ce tine de facturare online, gestiune online si contabilitate online cu aplicatiile de business SmartBill.
  • Perfect Gym Solutions — PerfectGym | Fitness & Gym Management Software
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Sparking Capital
VC Fund · Bucharest, Bucuresti, Romania · 5 investments in Romania Internet startups

Sparking Capital is an early stage micro fund backing entrepreneurs with unique industry insights, powerful vision, passion, courage and excellence in the execution of their plans.Sparking Capital focuses on pre-seed & seed investments. We are industry agnostic but have a preference for investments in consumer internet, marketing-tech, supplychain-tech, fin-tech, property-tech, circular economy-tech startups with differentiating value propositions, disruptive business models which have the potential to become national champions and/or scale up fast internationally.

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Investment focus

  • Industry: Information Technology, SaaS, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Romania, United States, Czech Republic

Investor stats

  • Total investments: 12
  • Round size: Seed $318k–$2M
  • Lead/follow: 58% lead, 42% follow

Portfolio highlights

  • Questo — Discover cities through outdoor escape games, scavenger hunts & self-guided walking tours. Play with friends, family or your partner in 1000+ destinations worldwide.
  • Vatis Tech — Speech-to-text recognition API with custom AI models and real-time transcription for the English language. Get started now 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.
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Catalyst Romania
VC Fund · Bucharest, Bucuresti, Romania · 4 investments in Romania Internet startups

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

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Investment focus

  • Industry: Software, Retail, FinTech
  • Stage:Seed, Series B
  • Geography: Romania, United Kingdom, Serbia

Investor stats

  • Total investments: 13
  • Round size: Seed $1.1M–$3.3M
  • Lead/follow: 69% lead, 31% follow

Portfolio highlights

  • Leanpay — The easiest way to pay online in installments is here! Get ready for a new shopping experience! Completely digital, fast, and easy in your favorite stores.
  • SeedBlink — All-in-one solution for fundraising, managing and trading equity. Explore promising tech startups and flexible funding opportunities with SeedBlink.
  • .lumen — .lumen builds glasses that help the blind live a better life.
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GapMinder VC
VC Fund · Bucharest, Bucuresti, Romania · 3 investments in Romania Internet 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, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Romania, United Kingdom, United States

Investor stats

  • Total investments: 57
  • Round size: Seed $219k–$5.5M; Pre-Seed $82k–$551k; Series A $2.5M–$15M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $94M in 2024

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.
  • Etiq AI — Etiq AI takes the pressure off data scientists with effortless debugging across the full ML pipeline, real-time testing as you code, and learns how you work
  • DesignVerse — DesignVerse is an AI platform that develops enterprise software using company documentation and internal rules.
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Gecad Ventures
VC Fund · Bucharest, Bucuresti, Romania · 3 investments in Romania Internet 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, Payments, Information Technology
  • Stage:Seed, Series A
  • Geography: Romania, United Kingdom, United States

Investor stats

  • Total investments: 23
  • Round size: Seed $176k–$2M; Series A $2.9M–$5.5M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • FintechOS — FintechOS is the AI platform for financial product operations. Design, price, launch, and evolve financial products with governed AI and reduced core dependency.
  • 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.
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Romania Internet 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, Pre-Seed
  • Geography: Bulgaria, United Kingdom, United States

Investor stats

  • Total investments: 134
  • Round size: Seed $44k–$3.4M; Pre-Seed $183k–$2.3M; Series A $2.8M–$58M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $82M 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.
  • OfficeRnD — OfficeRnD helps flex space operators and hybrid teams manage the workplace of the future. Book your demo or start a free 14-day trial.
  • 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.
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Roca X
VC Fund · Bucharest, Bucuresti, Romania · 2 investments in Romania Internet 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: 31
  • Round size: Seed $150k–$2M; Pre-Seed $55k–$878k; Convertible Note $165k–$1.1M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $4.7M in 2019

Portfolio highlights

  • 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.
  • Bonapp.eco — bonapp.eco is a mobile application that connects consumers with traders whose food is approaching its expiry date to combat food wastage.
  • 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.
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Zeyshare Ventures
VC Fund · Bucharest, Bucuresti, Romania · 2 investments in Romania Internet 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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822 industries, 177 countries. Updated daily. Emails and phones included.

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Axxess Capital
VC Fund · Bucharest, Bucuresti, Romania · 1 investments in Romania Internet 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: no public data

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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Fortech Investments
VC Fund · 1 investments in Romania Internet startups

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

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Investment focus

  • Industry: Software, Manufacturing, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: Serbia, Austria, Romania

Investor stats

  • Total investments: 7
  • Round size: Seed $658k–$1.5M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • SaleSqueze — Premade 3D configurators for outdoor living products, ready to go live in 7 days. Sell more through your website or dealer network.
  • Collabwriting — Collabwriting is a simple browser extension that helps you share, comment and collaborate on content you find online
  • blue auditor GmbH — blue auditor is a sustainability management tool for buildings and real estate portfolios with the focus on transitioning to a sustainable real estate industry; providing wholistic and overall performance monitoring and improvements for sustainability management.
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Global Finance
VC Fund · Athens, Attiki, Greece · 1 investments in Romania Internet 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, Bulgaria

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% 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.
  • Eurolns Insurance Group — Euroins Insurance Group (EIG) is one of the independent groups operating in the Central and SEE insurance markets. The company is focused in providing a full range of insurance products in the areas of general, health and life insurance.
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Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Romania Internet startups

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

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 142
  • Round size: Seed $27k–$2.3M; Pre-Seed $219k–$796k; Convertible Note $27k–$121k
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $68M in 2022

Portfolio highlights

  • Bitloops — Bitloops is an AI-powered application development platform that enables organizations to develop, maintain, and operate complex web applications with ease. It helps you easily modify system designs, deploy applications to production, and manage changes, new features, and products. The platform enables teams to innovate quickly and grow the productor business without compromising the product's usability, extendability, or maintainability. Bitloops makes it simpler than ever to create high-quality software utilizing best practices and techniques like DDD, BDD, TDD, hexagonal architecture, clean architecture, ports and adapters, CQRS, and event sourcing suitable for extending legacy systems as well as new initiatives.
  • nFuse.ai — nFuse.ai is an AI‑powered B2B sales platform focused on fast‑moving consumer goods (FMCG), positioning itself as an “ordering and communication layer” between brands and their distribution networks.
  • Outfindo — Making bikes & e-bikes buying easy
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SIF Transilvania
VC Fund · Brasov, Brasov, Romania · 1 investments in Romania Internet 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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Internet VC funding in Romania at a glance

Stats across 25 deals from 21 investors.

21
investors
in Romania Internet startups
25
deals
in Romania Internet startups
$768k
median round
in Romania Internet startups
29%
lead investors
lead at least one round
36%
Seed
most common funding stage

Access all 21 VC funds in Romania Internet startups.

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