# Innovation Labs

> Innovation Labs is a VC fund in Bucharest backing Banking and Finance. See 1 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Bucharest, Romania
- Total investments: 1
- Last investment: Mar 2021
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/bogdaniordache
- X (Twitter): https://twitter.com/ilabsro
- Website: http://www.innovationlabs.ro/
- Facebook: https://www.facebook.com/ILabsRo/

Innovation Labs is a pre-accelerator for young tech founders and startups. The program targets students and graduates from technical universities and from communication, business and creative fields for the 3-month mentoring adventure of team work, intensive prototype development and mentorship, exploring Romania’s growing startup ecosystem.The participants are empowered to develop proof-of-concept solutions and products using cutting edge tech with the support of top mentors in the ICT and business industry.The teams accepted in the program will work during the mentoring program to develop prototypes for their idea through user testing, design work, business modelling and product validation in weekly courses and workshops in a variety of fields.

## Contacts

5 contacts available for Innovation Labs. Shizune tracks 4 team members at Innovation Labs. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/innovation-labs?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Banking | 1 | 100% |
| Finance | 1 | 100% |
| Education | 1 | 100% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Andrei Pitis | Co-founder | 2 | https://shizune.co/investors/profile/andrei-pitis |
| Bogdan Iordache | Co-founder | 7 | https://shizune.co/investors/profile/bogdan-iordache |
| Daniel Rosner | Program Manager | 0 | — |
| Răzvan Rughiniș | Co-founder | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Union Credit | Union Credit and Guarantee is a credit and guarantee financial institution whose objective is to advise and accompany companies in their economic growth so that they can achieve the economic objectives they set themselves, and thus increase their different areas of business.The main work of the company consists of issuing internationalguarantees, sureties and bonds to individuals, companies, State Administrations, City Councils, etc., all over the world. To this end, we have extensive experience in this sector, as well as our own funds and guarantees deposited in various banks to cover the possible consequences of a claim. | $18.7M |  | Mar 03, 2021 |  |

1 of 1 investments shown.

## Co-investors
- [African Export-Import Bank](https://shizune.co/investors/profile/african-export-import-bank) — VC Fund, 1 deal together
- [Dubai Electricity and Water Authority](https://shizune.co/investors/profile/dubai-electricity-and-water-authority) — VC Fund, 1 deal together
- [Dubai Islamic Bank](https://shizune.co/investors/profile/dubai-islamic-bank) — VC Fund, 1 deal together
- [Italian Chamber of Commerce - Tel Aviv](https://shizune.co/investors/profile/italian-chamber-of-commerce-tel-aviv) — VC Fund, 1 deal together
- [Quassar Capital](https://shizune.co/investors/profile/quassar-capital) — VC Fund, 1 deal together
- Romanian-American Enterprise Fund — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund
- [SFC Capital](https://shizune.co/investors/profile/startup-funding-club) — VC Fund
- [HTGF (High-Tech Gruenderfonds)](https://shizune.co/investors/profile/high-tech-gr%C3%BCnderfonds) — VC Fund

## FAQ

### What does Innovation Labs invest in?

Innovation Labs invests primarily in Banking, Finance and Education startups, most often at Funding Round stage. Most of the 1 investments tracked by Shizune back companies in Panama. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Innovation Labs?

Public channels for Innovation Labs include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Innovation Labs?

The team at Innovation Labs includes Andrei Pitis (Co-founder), Bogdan Iordache (Co-founder) and Daniel Rosner (Program Manager). The Team section lists each member with their title, investment count and links.

### 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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