# Dan Calugareanu

> Dan Calugareanu is a seed investor at Early Game Ventures backing Artificial Intelligence. See 11 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Early Game Ventures](https://shizune.co/investors/profile/early-game-ventures)
- Location: Bucharest, Romania
- Total investments: 11
- Last investment: Jun 2026
- Lead investor: 82%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/dancalugareanu/

Dan Calugareanu is a seed investor at Early Game Ventures in Bucharest focused on Artificial Intelligence and Software. Dan Calugareanu joined Early Game Ventures as Partner in 2018.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Artificial Intelligence | 4 | 36% |
| Software | 3 | 27% |
| SaaS | 2 | 18% |
| Internet | 2 | 18% |
| B2B | 1 | 9% |

29 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 8 | 73% |
| Pre-Seed | 2 | 18% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Romania | 7 | 64% |
| United States | 2 | 18% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| NaratixAI | Smart Ecommerce tools & Automations using proprietary generative AI & LLMs. | $1.2M | Seed | Jun 10, 2026 |  |
| MeetGeek | A virtual meeting assistant that helps organizations improve their productivity by using artificial intelligence technology. | $1.9M | Seed | Sep 02, 2025 |  |
| Pentra | Pentra simplified pentest report generation. Pentra intends to accomplish this by using an LLM to automatically generate the report based on logged instructions, network activity, and other. | $167.9K | Pre-Seed | Sep 24, 2024 |  |
| Youni | Youni is a student online application platform that finds universities and recruitment partners. | $1M | Seed | Sep 16, 2024 |  |
| 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. | $1.1M | Pre-Seed | Jul 22, 2024 |  |
| Vatis Tech | Vatis Tech provides a speech recognition application programming interface for multiple fields, in multiple languages. | $698K | Seed | Jan 10, 2023 |  |
| OxidOS Automotive | OxidOS supplies a Secure Operating System and Development Tools for OEMs and auto software creators. | $1.2M | Seed | Aug 16, 2022 |  |
| 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. | $3.8M | Seed | Apr 20, 2022 |  |
| Tokinomo | Tokinomo is the ultimate robot for in-store experiential marketing campaigns. Using a unique combination of technologies, sensors, motion, light, and sound, Tokinomo brings products to life at the shelf by giving them a voice and a personality and allows them to interact with the shoppers in a truly memorable way. | $1.7M | Seed | Feb 09, 2022 |  |
| Tokinomo | Tokinomo is the ultimate robot for in-store experiential marketing campaigns. Using a unique combination of technologies, sensors, motion, light, and sound, Tokinomo brings products to life at the shelf by giving them a voice and a personality and allows them to interact with the shoppers in a truly memorable way. | $801.6K | Seed | Feb 06, 2020 |  |

10 of 11 investments shown.

## Co-investors
- [Inspire Capital](https://shizune.co/investors/profile/inspire-capital-3fe9) — VC Fund, 1 deal together
- [Instore Power Provider](https://shizune.co/investors/profile/instore-power-provider) — VC Fund, 1 deal together
- [Roca X](https://shizune.co/investors/profile/roca-x) — VC Fund, 1 deal together
- [Soulmates Ventures](https://shizune.co/investors/profile/soulmates-ventures) — VC Fund, 1 deal together
- [Sparking Capital](https://shizune.co/investors/profile/sparking-capital) — VC Fund, 1 deal together

## About Early Game Ventures

VC Fund · Bucharest, Romania

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.

5 contacts available at Early Game Ventures.

| Name | Title | Profile |
| --- | --- | --- |
| Cristian Munteanu | Founder & Managing Partner | https://shizune.co/investors/profile/cristian-munteanu |
| Dan Calugareanu | Co-Founder & Partner | https://shizune.co/investors/profile/dan-calugareanu |
| Radu Stoicoviciu | Partner | https://shizune.co/investors/profile/radu-stoicoviciu |
| Cristina Frusinoiu | CFO | https://shizune.co/investors/profile/cristina-frusinoiu |
| Florin Visa | Partner | https://shizune.co/investors/profile/florin-visa |

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Dan Calugareanu invest in?

Dan Calugareanu invests primarily in Artificial Intelligence, Software and SaaS startups, most often at Seed and Pre-Seed stage. Most of the 11 investments tracked by Shizune back companies in Romania. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Dan Calugareanu last invest?

The most recent investment recorded for Dan Calugareanu closed in Jun 2026. Shizune tracks 11 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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