# Iulian Circiumaru > Iulian Circiumaru is a seed investor at Underline Ventures backing Retail and Software. See 4 investments, check sizes, portfolio. Updated Aug 2026. - Type: Angel Investor - Fund: [Underline Ventures](https://shizune.co/investors/profile/underline-ventures) - Total investments: 4 - Last investment: Apr 2024 - Lead investor: 25% - Last updated: Aug 2026 - LinkedIn: https://www.linkedin.com/in/iuliancirciumaru/ - X (Twitter): https://twitter.com/iulian_v7 - Website: https://x.com/iulian_v7 - Facebook: https://www.facebook.com/iulian.circiumaru Iulian Circiumaru is a seed investor at Underline Ventures focused on Retail and Software. Iulian Circiumaru is the co-founder of Benefit Seven. ## Round sizes | Stage | Round size | | --- | --- | | Seed | $965k–$1.2M | ## Investment focus ### Industry | Industry | Investments | Share | | --- | --- | --- | | Retail | 1 | 25% | | Software | 1 | 25% | | Wine And Spirits | 1 | 25% | | Food and Beverage | 1 | 25% | ### Stage | Stage | Investments | Share | | --- | --- | --- | | Seed | 1 | 25% | | Funding Round | 1 | 25% | ### Country | Country | Investments | Share | | --- | --- | --- | | Serbia | 1 | 25% | | Romania | 1 | 25% | ## Investments | Company | Description | Amount | Stage | Date | Website | | --- | --- | --- | --- | --- | --- | | Collabwriting | Collabwriting helps you organize online research through team collaboration directly on web pages. | $1.2M | Seed | Apr 18, 2024 | | | Collabwriting | Collabwriting helps you organize online research through team collaboration directly on web pages. | $965K | Seed | Apr 01, 2024 | | | Collabwriting | Collabwriting helps you organize online research through team collaboration directly on web pages. | $965K | Seed | Apr 01, 2024 | | | Zaganu | Zaganu is a beverage company that specializes in producing a variety of beers. | | Venture - Series Unknown | Feb 08, 2023 | | 4 of 4 investments shown. ## Co-investors - [Credo Ventures](https://shizune.co/investors/profile/credo-ventures) — VC Fund, 3 deals together - [Fiedler Capital](https://shizune.co/investors/profile/fiedler-capital) — VC Fund, 3 deals together - [Fortech Investments](https://shizune.co/investors/profile/fortech-investments) — VC Fund, 3 deals together - [SMOK Ventures](https://shizune.co/investors/profile/smok-ventures) — VC Fund, 3 deals together - [Startup Wise Guys](https://shizune.co/investors/profile/startup-wise-guys) — VC Fund, 3 deals together - [SeedBlink](https://shizune.co/investors/profile/seedblink) — VC Fund, 2 deals together ## About Underline Ventures VC Fund · Bucharest, Romania 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. 4 contacts available at Underline Ventures. | Name | Title | Profile | | --- | --- | --- | | Bogdan Iordache | General Partner | https://shizune.co/investors/profile/bogdan-iordache | | Iulian Circiumaru | Partner | https://shizune.co/investors/profile/iulian-circiumaru | | Leonard Leca | Private Investor | https://shizune.co/investors/profile/leonard-leca | | Vlad Ionescu | Partner | https://shizune.co/investors/profile/vlad-ionescu | ## Similar investors ### Similar industry - [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 ### 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 ### Similar country - [European Bank for Reconstruction and Development](https://shizune.co/investors/profile/european-bank-for-reconstruction-and-development-ebrd) — VC Fund - [South Central Ventures](https://shizune.co/investors/profile/sc-ventures) — VC Fund - [Credo Ventures](https://shizune.co/investors/profile/credo-ventures) — VC Fund ## Featured in investor lists - [All Investors in Serbia](https://shizune.co/investors/investors-serbia) - [All Angel Investors in Serbia](https://shizune.co/investors/angel-investors-serbia) - [Software Investors in Serbia](https://shizune.co/investors/software-investors-serbia) - [SaaS Angel Investors in Serbia](https://shizune.co/investors/saas-angel-investors-serbia) - [Software Angel Investors in Serbia](https://shizune.co/investors/software-angel-investors-serbia) ## FAQ ### What does Iulian Circiumaru invest in? Iulian Circiumaru invests primarily in Retail, Software and Wine And Spirits startups, most often at Seed and Funding Round stage. Most of the 4 investments tracked by Shizune back companies in Serbia. The Investment Focus section breaks down every industry, stage and country in the portfolio. ### What is Iulian Circiumaru's check size? Iulian Circiumaru typically joins rounds of $965k–$1.2M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Iulian Circiumaru participates in. ### When did Iulian Circiumaru last invest? The most recent investment recorded for Iulian Circiumaru closed in Apr 2024. Shizune tracks 4 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. # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co