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Top 50 SaaS Startup Investors in Romania (September 2026)

The most active venture capital funds and angel investors investing in Romania SaaS startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Romania SaaS startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
SeedBlink
VC Fund
41 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $139k–$35M
Early Game Ventures
VC Fund
35 Romania, United States, Poland Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $168k–$14M
GapMinder VC
VC Fund
26 Romania, United Kingdom, United States Seed, Pre-Seed, Series A Software, Information Technology, SaaS $83k–$15M
Roca X
VC Fund
13 Romania, United Kingdom, Italy Seed, Pre-Seed, Convertible Note Software, Information Technology, SaaS $56k–$2.6M
Catalyst Romania
VC Fund
9 Romania, United Kingdom, Serbia Venture - Series Unknown, Seed Software, Retail, FinTech $1.1M–$6.1M
Sparking Capital
VC Fund
9 Romania, United States, Czech Republic Seed, Pre-Seed SaaS, Internet, Software $330k–$2M
3TS Capital Partners
VC Fund
7 United States, Romania, Poland Series A, Seed Software, Internet, SaaS $719k–$12M
Gecad Ventures
VC Fund
7 Romania, United Kingdom, United States Seed, Series A Software, Payments, Information Technology $176k–$5.5M
Marius Istrate
Angel
7 Romania, United States, France Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $442k–$22M
Fortech Investments
VC Fund
6 Romania, United States, Serbia Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Big Data $147k–$1.2M
THE Q AGENCY
VC Fund
6 Romania Seed, Pre-Seed Neuroscience, Analytics, Consulting $11k–$118k
Malin-Iulian Stefanescu
Angel
6 Romania, United States, United Kingdom Seed, Angel, Series A Software, Marketing, Internet $237k–$2M
Underline Ventures
VC Fund
5 Romania, United States, Serbia Seed, Pre-Seed, Series A Software, Machine Learning, E-Commerce $865k–$19M
Marius Ghenea
Angel
4 Romania, United Kingdom, Serbia Series A, Venture - Series Unknown, Seed Software, SaaS, FinTech $569k–$4.3M
Growceanu Angel Investment
VC Fund
4 Romania, Luxembourg, United States Seed, Pre-Seed, Convertible Note Software, Artificial Intelligence, SaaS $154k–$1.2M
Credo Ventures
VC Fund
4 United States, United Kingdom, Czech Republic Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $385k–$19M
Leryon Holdings
VC Fund
4 Romania Debt Financing, Venture - Series Unknown SaaS, Public Safety, Law Enforcement $531k–$548k
Day One Capital
VC Fund
4 Hungary, United States, Croatia Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $500k–$27M
Inovo.vc
VC Fund
3 Poland, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $300k–$23M
LAUNCHub Ventures
VC Fund
3 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $54k–$22M
MMC Ventures
VC Fund
3 United Kingdom, United States, France Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $1.4M–$54M
TechAngels
VC Fund
3 Romania, United Kingdom, Luxembourg Seed, Pre-Seed, Convertible Note Software, FinTech, Home Health Care $144k–$1.2M
Cleverage VentureCapital
VC Fund
3 Romania, Czech Republic, The Netherlands Seed, Convertible Note, Pre-Seed Health Care, SaaS, Big Data $79k–$1.7M
Hellen's Rock Capital
VC Fund
3 United States, Romania, United Kingdom Seed, Pre-Seed, Venture - Series Unknown Software, Fitness, SaaS $429k–$6.9M
The Mavers
VC Fund
3 Romania Seed, Pre-Seed Consulting, Health Care, Information Technology $141k–$442k
Alfabeat
VC Fund
3 Poland, United States, United Kingdom Seed, Series A, Pre-Seed Software, Marketing, SaaS $199k–$15M
Bianca Rusu
Angel
3 Romania, United Kingdom Pre-Seed, Equity Crowdfunding, Seed SaaS, Software, EdTech $149k–$628k
Neogen Capital
VC Fund
3 Romania, Greece, United Kingdom Pre-Seed, Seed Software, Information Technology, B2C $178k–$2M
Ioan Alexandru Dragan
Angel
3 Romania Pre-Seed Aerospace, Drone Management, Smart Cities $100k–$414k
Oliver Hehl
Angel
3 Germany, Romania Angel, Seed, Pre-Seed Banking, FinTech, Financial Services $419k–$575k
Zeyshare Ventures
VC Fund
2 Romania, United States, United Arab Emirates Seed, Series A Internet, News, E-Commerce
Andrei Bara
Angel
2 Romania, Germany, Ireland Seed, Pre-Seed Software, FinTech, Analytics $154k–$6.2M
D Moonshots
VC Fund
2 Romania, United Kingdom Pre-Seed, Convertible Note SaaS, EdTech, Software $329k–$409k
Voicu Oprean
Angel
2 Romania, Ireland Pre-Seed, Angel Social Network, Music, eSports
Marcelus Suciu
Angel
2 Romania Seed, Venture - Series Unknown SaaS, Software, Hospitality
Vlad Alecu
Angel
2 Romania, United States Seed, Pre-Seed Marketing, Advertising, Internet
Sherry Coutu
Angel
2 United Kingdom, Romania, United States Seed, Angel, Series A Software, E-Commerce, Mobile $446k–$5.7M
Simple Capital
VC Fund
2 Romania, United States Seed, Pre-Seed Mobile Apps, Fitness, Software $608k–$1.1M
European Union
VC Fund
2 Germany, United Kingdom, United States Grant, Seed, Pre-Seed Software, Information Technology, Health Care $21k–$28M
Climate-KIC
VC Fund
2 Germany, Italy, Switzerland Seed, Grant, Pre-Seed CleanTech, GreenTech, Sustainability $13–$1.8M
Bravva Angels
VC Fund
2 Romania Pre-Seed Impact Investing, Wealth Management, Financial Services $407k–$765k
Global Founders Capital
VC Fund
2 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Financial Services, Software, FinTech $575k–$30M
Portfolion
VC Fund
2 Hungary, Poland, United States Seed, Series A, Series B Software, Information Technology, Artificial Intelligence $550k–$45M
Mozaik Investments
VC Fund
2 Romania Series A Apps, FinTech, Payments $2.5M–$2.5M
Cosmin Manea
Angel
2 Romania, Spain Angel, Seed SaaS, Big Data, Software $45k–$261k
VERBUND
VC Fund
2 Austria, Romania Series A, Venture - Series Unknown Software, Car Sharing, Smart Cities $1.6M–$3.3M
Ana Cinca
Angel
2 Romania Seed, Pre-Seed SaaS, Software, Consulting
Clever Capital
VC Fund
2 United States, Romania, United Kingdom Seed, Pre-Seed Software, B2B, SMS $146k–$1M
Karma Ventures
VC Fund
1 Estonia, Sweden, Finland Series A, Series B, Seed Software, Artificial Intelligence, Information Technology
Daniel Dines
Angel
1 United States, Germany, United Kingdom Series A, Seed, Series B Software, SaaS, Artificial Intelligence
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list


Early Game Ventures
VC Fund · Bucharest, Bucuresti, Romania · 35 investments in Romania SaaS 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, Series A
  • Geography: Romania, United States, Poland

Investor stats

  • Total investments: 54
  • Round size: Seed $330k–$1.9M; Pre-Seed $168k–$1.1M; Series A $2.5M–$14M
  • Lead/follow: 72% lead, 28% follow
  • Last fund: Likely still investing — raised $64M in 2024

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.
  • MeetGeek — MeetGeek is an AI meeting assistant that automatically video records, transcribes, summarizes, and provides key insights from every meeting.
  • 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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GapMinder VC
VC Fund · Bucharest, Bucuresti, Romania · 26 investments in Romania SaaS 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: 76
  • Round size: Seed $213k–$4.7M; Pre-Seed $83k–$564k; Series A $2.5M–$15M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $87M in 2024

Portfolio highlights

  • Codeplain — *codeplain is an ai-powered code generation service that produces production-ready software from specifications written in ***plain language.
  • DesignVerse — Build complex enterprise software using context.
  • Salestools AI — Salestools the worlds first AI ASDR and leader in Agentic Sales Agents
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Roca X
VC Fund · Bucharest, Bucuresti, Romania · 13 investments in Romania SaaS 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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Catalyst Romania
VC Fund · Bucharest, Bucuresti, Romania · 9 investments in Romania SaaS startups

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

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Investment focus

  • Industry: Software, Retail, FinTech
  • Stage:Venture - Series Unknown, Seed
  • Geography: Romania, United Kingdom, Serbia

Investor stats

  • Total investments: 16
  • Round size: Seed $1.1M–$2.1M; Venture - Series Unknown $1.4M–$6.1M
  • Lead/follow: 69% lead, 31% follow

Portfolio highlights

  • Carfix — Carfix solves every task in minutes, eliminating costly fines for expired inspections, unpaid taxes, human errors & paper-based procedures
  • SOMAREALITY — SOMAREALITY provides eye tracking solutions for diverse industries. Improve healthcare, automotive, research & aviation with real-time cognitive insights.
  • Footprints AI — Retail Media Powered by AI That Understands Why People Buy. Connected to Real Shopper Purchases. Footprints AI is the most advanced platform to buy or sell retail ads - in stores and online - with precise targeting across the largest retail media ecosystem.
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Sparking Capital
VC Fund · Bucharest, Bucuresti, Romania · 9 investments in Romania SaaS 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: SaaS, Internet, Software
  • Stage:Seed, Pre-Seed
  • Geography: Romania, United States, Czech Republic

Investor stats

  • Total investments: 12
  • Round size: Seed $330k–$2M
  • Lead/follow: 58% lead, 42% follow

Portfolio highlights

  • Pluria — Flexible offices in LATAM & Europe: hundreds of coworking spaces and meeting rooms for employees and teams. Hybrid work model for companies.
  • RobosizeME — Hotel workflow automation that saves time, reduces errors, and boosts ROI with smart tools designed for modern hotel operations.
  • Vatis Tech — Speech-to-text recognition API with custom AI models and real-time transcription for the English language. Get started now for FREE!
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3TS Capital Partners
VC Fund · Helsinki, Southern Finland, Finland · 7 investments in Romania SaaS 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: 78
  • Round size: Seed $719k–$4.6M; Series A $768k–$12M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — raised $120M in 2024

Portfolio highlights

  • GoTo (formerly LogMeIn) — GoTo, formerly known as LogMeIn, offers flexible-work software solutions such as GoTo Connect, GoTo Resolve, Rescue, and Central. Designed primarily for small and midsize business IT departments yet robust enough for enterprise use, GoTo's platform supports unified communications and collaboration (UCC) as well as IT management and support.With nearly 800,000 customers, GoTo facilitates over 1 billion participants in meetings, classes, and webinars through its UCC products and enables half a billion connections via its remote access and support tools.
  • Wealthon — Wealthon is a lending firm that offers installment loans, bridging loans, and POSCASH to individuals and businesses.
  • BOOKR Kids — BOOKR Kids helps children develop better first and second language skills using engaging technology and fun reading activities and games.
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Gecad Ventures
VC Fund · Bucharest, Bucuresti, Romania · 7 investments in Romania SaaS 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: 27
  • 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 — Dataworks Research, doing business as Veridion, enriches business data by offering comprehensive insights through real-time updates. Fueled by the intricacies of AI and Machine Learning, the company develops effective methods to acquire and maximize the utilization of data. Emphasizing reliability and thoroughness, its datasets remain unparalleledin terms of accuracy and classification, surpassing industry giants.
  • 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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Marius Istrate
Angel · 7 investments in Romania SaaS startups

Former Chief People Officer of UiPath, from 2017 until 2020. Former CEO of SkillValue, from 2014 until 2016. Angel Investor and VC Investor. Focus on Enterprise SaaS, Productivity Tech, Dev Tools, Cloud, AI & Automation.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Romania, United States, France

Investor stats

  • Total investments: 15
  • Round size: Seed $1.2M–$8.5M; Pre-Seed $442k–$3.3M; Series A $6.4M–$22M
  • Lead/follow: 0% lead, 100% follow

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.
  • Kodesage — Kodesage captures your company's collective knowledge to help understand and modernize legacy code
  • Riptides — Riptides is the non-human identity fabric for your workloads and AI agents, and they trust Every Connection. Even the Autonomous Ones.
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Fortech Investments
VC Fund · 6 investments in Romania SaaS 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, Artificial Intelligence, Big Data
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Romania, United States, Serbia

Investor stats

  • Total investments: 19
  • Round size: Seed $147k–$1.2M; Pre-Seed $416k–$922k; Venture - Series Unknown $482k–$500k
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • SaleSqueze — The 3D configurator for outdoor living that prices your product on the spot, writes the quote itself, and helps you close before the deal goes cold.
  • 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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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
THE Q AGENCY
VC Fund · Bucharest, Bucuresti, Romania · 6 investments in Romania SaaS startups

THE Q AGENCY is a Business Development Company which focuses on creating and investing in small businesses that have a cognitive approach in their processes, operations and of course in the products and services offered. We like to develop companies that outthink the competition and enhance the way we live and work.

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Investment focus

  • Industry: Neuroscience, Analytics, Consulting
  • Stage:Seed, Pre-Seed
  • Geography: Romania

Investor stats

  • Total investments: 9
  • Round size: Seed $16k–$118k; Pre-Seed $11k–$24k
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • THE Q AGENCY — THE Q AGENCY is a Business Development Company which focuses on creating and investing in small businesses that have a cognitive approach in their processes, operations and of course in the products and services offered. We like to develop companies that outthink the competition and enhance the way we live and work.
  • THE Q SECTOR — The Q Sector is a concept that focuses on digital transformation and Industry 4.0 practices. The platform explains how digital technology connects with manufacturing, automation, artificial intelligence, and networking systems. It shares information about digital transformation in business operations and production processes. The platform coverssectors such as agriculture, mining, equipment, consumer industries, banking, retail, and logistics. It also includes areas related to information technology, research and development, knowledge services, corporations, and government. The platform provides content and updates about Industry 4.0 topics through sector-based categories. It also offers subscription access and contact options for people who want more information about digital transformation themes.
  • THE Q SECTORS - Research Center — Institute of THE Q SECTORS
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Malin-Iulian Stefanescu
Angel · Bucharest, Bucuresti, Romania · 6 investments in Romania SaaS startups

Business Angel, Entrepreneur, Father

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Investment focus

  • Industry: Software, Marketing, Internet
  • Stage:Seed, Angel, Series A
  • Geography: Romania, United States, United Kingdom

Investor stats

  • Total investments: 11
  • Round size: Seed $237k–$2M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Aggero — Turn every piece of video content into actionable insights for your next campaign
  • Tokinomo — Discover Tokinomo, the in-store interactive robotic promotional display helps FMCG products stand out on the shelves for an average 200% increase in sales.
  • Vatis Tech — Speech-to-text recognition API with custom AI models and real-time transcription for the English language. Get started now for FREE!
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Underline Ventures
VC Fund · Bucharest, Bucuresti, Romania · 5 investments in Romania SaaS startups

We underline founders.

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Investment focus

  • Industry: Software, Machine Learning, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Romania, United States, Serbia

Investor stats

  • Total investments: 20
  • Round size: Seed $1.2M–$5.5M; Pre-Seed $865k–$2.7M; Series A $14M–$19M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — raised $20M in 2023

Portfolio highlights

  • Almetra — We use computer vision and AI analytics to provide insights into manual assembly processes - our platform supports process engineers in driving productivity and quality of assembly processes
  • Embedd — Chips modelled as digital twins. Software, tests and simulations generated for any target.
  • DesignVerse — Build complex enterprise software using context.
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Marius Ghenea
Angel · Bucharest, Bucuresti, Romania · 4 investments in Romania SaaS startups

• Partner of Catalyst Romania VC Fund (part of 3TS Capital Partners) - http://catalystromania.ro/ • “Investor of the Year in Romania 2016 and 2017" award by CESA with Catalyst Romania Fund • Serial entrepreneur and business-angel with successful investments in SEE, ranks in fortune Romanian surveys Capital, Forbes. • Experienceas an start-up entrepreneur with Flamingo, from zero revenues and capital to a $50M company, the largest IT product distribution network in Romania, in 7 years. Setting-up a Flamingo International group structure with direct operations in 7 SEE countries (Romania, Bulgaria, Croatia, Hungary, Macedonia, Moldova, Yugoslavia) and one fully-fledged subsidiary in Holland, 1999 – 2001. • Manager of team of 500+ people with Flamingo, employees from various countries (majority Romanian), cultures, backgrounds and contributing to the creation of one of the best teams in the IT business in the Balkan region • Experience in private equity and venture capital investments. Deal-leader on 6 (123ContactForm, VectorWatch, Marketizator Friends, Intelligent IT/SmartBill, Smartdreamers, Vola.ro) out of 10 investments of Catalyst Romania Fund. • Exit track-record: VectorWatch, sold to FitBit early 2017, PCGarage, bought by Naspers/Emag in 2016; VikingProfil, bought by Pruzsinski of Poland, 2008, Flanco, successful exit in 2006, Flamingo, successful IPO in 2004, etc. • Co-Founder VentureConnect (regional matchmaking platform for tech start-up entrepreneurs and early-stage investors); President Romanian Association for the Online Stores (ARMO) • Entrepreneurship, Innovation and New Business Ventures Professor, Maastricht School of Management EMBA program • Co-organizer Schoolforstartups Romania, the first SE European entrepreneurship school • Author of “Entrepreneurship”, the first Romanian book on entrepreneurship and TV dragon in the Romanian Dragons’ Den

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Romania, United Kingdom, Serbia

Investor stats

  • Total investments: 14
  • Round size: Seed $784k–$1.1M; Series A $569k–$3.7M; Venture - Series Unknown $1.1M–$4.3M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Marketizator — Serious eCommerce players become customer-centric if they focus on what matters. Optimize your customer journey with data-driven decisions.
  • SmartDreamers — The talent acquisition software that helps you reach and engage more, better candidates in record time through the use of Recruitment Marketing Automation.
  • 123FormBuilder — 123FormBuilder is a powerful web form builder that allows organizations to easily create forms and surveys without programming skills.With 123FormBuilder users are provided with the ability to create their forms visually, obtain the script in a few clicks and start collecting data on their webpages within minutes. It enables small businesses tocreate any kind of forms, including contact forms, lead generation forms, surveys, registration forms, online forms, and others no matter how complex it is.123FormBuilder integrates with many third party applications, such as Google Docs, SalesForce, MailChimp, and many more. It offers a Facebook application and plugins for the major publishing platforms such as Wordpress, Blogger, and Google Sites.Founded in 2008, in Timisoara, Romania, 123FormBuilder offers free services for a limited number of forms, with premium accounts to scale up and get access to more powerful features.
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Growceanu Angel Investment
VC Fund · 4 investments in Romania SaaS startups

Growceanu is a group of business angels, active primarily in high-tech areas that contribute with money, professional and business expertise and personal connections to the development of tech startups with high potential of growth.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Romania, Luxembourg, United States

Investor stats

  • Total investments: 11
  • Round size: Seed $154k–$1.2M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Milluu — Helping places become homes! Milluu is the app that gets personal, relevant and smart about rent.We believe that things are done properly when you're personally invested. And we invest our technology & smart tools to help you find your next home or your next ideal tenant!We have created a service app that connects directly listers andtenants based on their preferences.Based on AI and ML, our Milluu Bot is the friendly face of the app, assisting you permanently in your rental journey, making suggestions for great matches and helping you close the deal.
  • MediNav — MediNav is a software company. They offer machine learning, artificial intelligence, medtech, and digital health services. They focus on delivering cutting edge technology to hospitals and private practices in order to support them during their consultations and reduce the time spent on filling forms. If anyone wants to contact them please contactthem via phone call or email.
  • Licenseware — LICENSEWARE is a modular SaaS platform for Software Asset Management. Each app is a browser-based analytics module that automates licensing for Microsoft, Oracle, Red Hat, Adobe, Java, and the rest of your software estate. Connect existing inventory tools, pay only for what you analyze.
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Credo Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 4 investments in Romania SaaS startups

We partner with outstanding technology founders from Central and Eastern Europe to help them realize their global ambitions.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Czech Republic

Investor stats

  • Total investments: 178
  • Round size: Seed $965k–$7M; Pre-Seed $385k–$4M; Series A $2M–$19M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely actively investing — fresh fund, raised $88M in 2026

Portfolio highlights

  • Modeinspect — acreom is the integrated markdown knowledge base with tasks. Your personal daily driver for your dev workflow.
  • Fabrica AI — Fabrica AI offers a revolutionary platform for faster robot development, using custom hardware designs and learned optimal control to increase efficiency while minimizing complexity and cost. With a vision for a future where robot development takes days, not years.
  • Delta Green — Aggregating household assets in large controllable block of flexibility.
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Leryon Holdings
VC Fund · Galati, Galati, Romania · 4 investments in Romania SaaS startups

ALTERNATIVE INVESTMENTS - On top of our leading real estate focus, we also manage investments in stocks & bonds, as well as act as a boutique venture capital firm identifying start-ups with high potential and providing initial seed funding, while accompanying them during the early years of development and growth.

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Investment focus

  • Industry: SaaS, Public Safety, Law Enforcement
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: Romania

Investor stats

  • Total investments: 4
  • Round size: Debt Financing $531k–$548k
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Flyward — Flyward delivers precise aircraft maintenance cash flow forecasting and pricing software for lessors, investors, and aviation finance experts.
  • Invisum Ai — InVisum AI specializes in different types of AI-driven facial/object recognition software for the intelligence community & savvy businesses that need an edge over their competition.
  • Orbotix — Orbotix Tech - Revolutionize the defense industry with innovative designs and advanced technologies that redefine operations.
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Day One Capital
VC Fund · Budapest, Budapest, Hungary · 4 investments in Romania SaaS startups

We are an early-stage technology investor, managing privately financed funds. We seek to find and join the most exciting Central Eastern European teams on their global mission.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Hungary, United States, Croatia

Investor stats

  • Total investments: 59
  • Round size: Seed $521k–$6.1M; Pre-Seed $500k–$7.2M; Series A $3M–$27M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Statzup — Domain name StatZup.com is a dynamic and impactful choice for startups looking to make a bold statement in the world of statistics and data analysis. The name suggests a sense of urgency and excitement, urging users to stay on top of the la
  • Volteum — Electric vehicle (EV) fleets made easy. Volteum helps companies transition to EVs, optimize charging, and manage electric car fleet operations efficiently.
  • Whalebone — Whalebone offers zero disruption cybersecurity products to Telcos, ISPs, and enterprises.
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Inovo.vc
VC Fund · Warsaw, Mazowieckie, Poland · 3 investments in Romania SaaS startups, 7 in the past 12 months

VC for the most ambitious founders in CEE

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Poland, United States, United Kingdom

Investor stats

  • Total investments: 101
  • Round size: Seed $300k–$9.9M; Pre-Seed $700k–$3.4M; Series A $1.7M–$23M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — raised $107M in 2022

Portfolio highlights

  • Yope — Salo is a discussion platform that erases the borders for people with diverse opinions to let anyone speak up and be heard.
  • Ingenix — Ingenix is building an AI Co-pilot for generating real-time hypotheses on clinical endpoints values and adverse events.
  • Nanogram — Nanogram is an AI-powered gaming startup that creates an instant prompt-to-game platform, allowing anyone to build and share interactive short-form video games. Frequently described as "TikTok for mobile games," the company delivers an endless, vertical social feed of byte-sized, zero-download games that players swipe through and playinstantly.
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Romania SaaS startups

Seed-stage VC fund for Central and Eastern Europe. 90+ companies backed.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Bulgaria, United Kingdom, United States

Investor stats

  • Total investments: 156
  • Round size: Seed $54k–$3.5M; Pre-Seed $216k–$2.8M; Series A $2.9M–$22M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $85M in 2021

Portfolio highlights

  • nFuse.ai — nFuse scales your B2B sales with AI. Up to 30% revenue uplift, $1 per order processing cost, live in 30 days. No new apps, no behavior change.
  • Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
  • Nanogram — Nanogram is an AI-powered gaming startup that creates an instant prompt-to-game platform, allowing anyone to build and share interactive short-form video games. Frequently described as "TikTok for mobile games," the company delivers an endless, vertical social feed of byte-sized, zero-download games that players swipe through and playinstantly.
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MMC Ventures
VC Fund · London, England, United Kingdom · 3 investments in Romania SaaS startups

MMC is an early-stage venture capital fund investing in exceptional entrepreneurs across Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, United States, France

Investor stats

  • Total investments: 258
  • Round size: Seed $1.4M–$9.8M; Series A $2.9M–$19M; Series B $10M–$54M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $129M in 2019

Portfolio highlights

  • ABEX — Algorithmic Best Execution for digital assets driven by an ultra low latency, high frequency, agency trading engine and enhanced by deep quantitative research.
  • sable bio — We provide comprehensive, quantified, and flexible Target Safety Intelligence to assist toxicologists, informaticians, and drug discovery scientists in delivering safe and effective new treatments.
  • Stanhope AI — Stanhope AI is a deep-tech startup based in London with a strong background in neuroscience, robotics and fintech. We are bringing Active Inference to market as a novel framework for autonomous decision-making. To contend with the challenges of contemporary AIs, our distinct approach aims to offer
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TechAngels
VC Fund · Bucharest, Bucuresti, Romania · 3 investments in Romania SaaS startups

TechAngels is the tech business angel investors group in Romania, backing tech startups from Romania and South-Eastern Europe since 2013.

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Investment focus

  • Industry: Software, FinTech, Home Health Care
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Romania, United Kingdom, Luxembourg

Investor stats

  • Total investments: 8
  • Round size: Seed $200k–$1.2M; Pre-Seed $144k–$545k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • FilmChain — Managing end-to-end financial transactions for creative industries
  • FINOR — The all-in-one wealth management software which supports both clients and advisors in managing specific investment products, overseeing entire portfolio and tracking its performance, controlling the asset selection and allocation processes through indicative data, generating and exporting interactive reports in line with regulatory requirements.
  • Licenseware — LICENSEWARE is a modular SaaS platform for Software Asset Management. Each app is a browser-based analytics module that automates licensing for Microsoft, Oracle, Red Hat, Adobe, Java, and the rest of your software estate. Connect existing inventory tools, pay only for what you analyze.
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Cleverage VentureCapital
VC Fund · 3 investments in Romania SaaS startups

Cleverage Venture Capital

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Investment focus

  • Industry: Health Care, SaaS, Big Data
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Romania, Czech Republic, The Netherlands

Investor stats

  • Total investments: 11
  • Round size: Seed $154k–$1.7M; Convertible Note $79k–$409k
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Kardi Ai — Kardi Ai is a healthtech startup focused on long-term heart monitoring. With its smart wearable and AI-powered app, it provides a 6× higher chance of detecting heart rhythm disorders than current methods, covering 7 types of arrhythmias. Backed by MDR class IIa medical certification, it empowers people to protect their heart health while givingdoctors a reliable tool that saves time and improves patient care.
  • Synaptiq.io — When Artificial Intelligence meets Medical Analysis - we create software solutions based on AI for improving medical services.
  • XVision — XVision is an automated x-ray analysis application that assists radiologists by providing accurate interpretations of medical images
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Hellen's Rock Capital
VC Fund · Bucharest, Bucuresti, Romania · 3 investments in Romania SaaS startups

We partner with innovative doers and thinkers who have the know-how and vision to build game-changing companies.

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Investment focus

  • Industry: Software, Fitness, SaaS
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, Romania, United Kingdom

Investor stats

  • Total investments: 22
  • Round size: Seed $700k–$6.9M; Pre-Seed $429k–$1.9M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • GoJoe — Ditch the step challenge apps and employee engagement platforms and boost inclusivity and engagement with GoJoe.The employee engagement and wellbeing app that people actually use.
  • Rolla — Rolla is a social fitness platform that helps users track, compete and have fun while working out - outdoors, indoors, and virtually. It gives the best of both worlds, seamlessly providing the transition between virtual and real-life activities with a full overview of activities while connecting users with others in social and community features.Rolla brings a fun and easy-to-use health and fitness platform to its users by empowering them to keep track of and improve their wellbeing. We provide a seamless way for users to exercise or compete outdoors, indoors, and virtually.
  • Rolla — Rolla helps beginners and fitness enthusiasts to improve their overall health & fitness. Take the next step and reach your goals with features tailored to your preferences and fitness level.
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The Mavers
VC Fund · 3 investments in Romania SaaS startups

The Maversis a venture capital investment firm.

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Investment focus

  • Industry: Consulting, Health Care, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Romania

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $141k–$442k
  • Lead/follow: 50% lead, 50% follow

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.
  • INKI.TECH — Equip your business with high-end, secure IT equipment through INKI's device-as-a-service model. Reduce operational costs, increase agility, and embrace sustainability while minimizing total cost of ownership.
  • Unison — Unison is a nutritionist who specializes in plant-based diets and its products contain just natural ingredients, no added sugar, and no preservatives.
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Alfabeat
VC Fund · Gdansk, Pomorskie, Poland · 3 investments in Romania SaaS startups

Welcome to Alfabeat, a specialist seed and early stage venture capital fundfocused on Enterprise SaaS companies from Central and Eastern Europe,backed by successful enterprise software founders.

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Investment focus

  • Industry: Software, Marketing, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Poland, United States, United Kingdom

Investor stats

  • Total investments: 33
  • Round size: Seed $199k–$4M; Pre-Seed $300k–$1.2M; Series A $2.5M–$15M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Andiamo — See what people are saying. Andiamo gives me full control over my prescription. I can achieve outcomes I didn't think
  • SunRoof — Roof of the future
  • Druid AI — DRUID is an AI platform that allows companies to automate processes by designing and deploying UiPath RPA integrated chatbot virtual assistants.
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Bianca Rusu
Angel · Cluj-napoca, Cluj, Romania · 3 investments in Romania SaaS startups

Entrepreneur & angel investor in disruptive startups building the future through technology.

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Investment focus

  • Industry: SaaS, Software, EdTech
  • Stage:Pre-Seed, Equity Crowdfunding, Seed
  • Geography: Romania, United Kingdom

Investor stats

  • Total investments: 6
  • Round size: Seed $603k–$628k; Pre-Seed $367k–$487k; Equity Crowdfunding $149k–$450k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cyscale — At Cyscale, we believe that a safer Cloud means a safer World. We need to do something extraordinary to have a better, easier and more secure way of designing & deploying any Cloud Infrastructure in AWS, Azure, GCP, OpenStack, VMWare, IBM Cloud, Oracle Cloud and even Alibaba Cloud.That is why we create amazing tools so that everybody canbuild & deploy cloud infrastructure with security in mind, knowing the costs upfront, while maintaining continuous regulatory compliance. All done automatically with just a few clicks.We are the first Cloud Management, Security and Compliance company empowering both regular people and cloud professionals with visual tools to meet this level of cloud automation and security.We're Cyscale, born in the Cloud to protect the Cloud!Join our team or pre-register for the product launch: https://cyscale.com
  • BRIO — Brio is more than an idea whose time has come — it’s a fully fledged DeepTech SaaS educational platform that was conceptualised according to the most rigorous global standards. One of those few fortunate businesses where profit and social purpose go hand in hand, Brio is a first mover in a market of 3 million students (in Romania alone), offeringcore testing products for grades 1-12, for the National Evaluation and the Baccalaureate.
  • SecurifAI — SecurifAI develop AI systems for real-time video analysis in order to detect suspect behavior, potential attacks, and deliver timely alerts.
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Neogen Capital
VC Fund · Targu-mures, Mures, Romania · 3 investments in Romania SaaS startups

We're a venture studio specialised in marketplaces. We build, fund or buy tech companies with impact.

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Investment focus

  • Industry: Software, Information Technology, B2C
  • Stage:Pre-Seed, Seed
  • Geography: Romania, Greece, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Seed $547k–$589k; Pre-Seed $178k–$2M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Protio — Protio is proptech startup reinventing the process of buying & selling real estate.
  • TULIPR — Tulipr is your solution for Marketing Procurement in the FMCG industry. Manage suppliers and vendors efficiently.
  • Metabeta — Early-stage portfolio management for startup accelerators and investors.
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Ioan Alexandru Dragan
Angel · 3 investments in Romania SaaS startups

CEO @ Sim Soft Distribution CEO @ ARGONIAN

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Investment focus

  • Industry: Aerospace, Drone Management, Smart Cities
  • Stage:Pre-Seed
  • Geography: Romania

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $100k–$414k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • ARGONIAN — Explore Argonian Sky Guardians for advanced drone detection and unmanned traffic management solutions, supporting EU airspace safety with European-made, cutting-edge technology.
  • Sim Soft Distribution — Air Traffic Control training solutions
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Oliver Hehl
Angel · Walldorf, Baden-Wurttemberg, Germany · 3 investments in Romania SaaS startups

Oliver Hehl

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Investment focus

  • Industry: Banking, FinTech, Financial Services
  • Stage:Angel, Seed, Pre-Seed
  • Geography: Germany, Romania

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $419k–$575k
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • OWWN — OWWN is a banking app that provides a one-stop shop for young adults to manage their finances. It allows customers to maintain an account with a Visa debit card and make mobile payments, just like a typical bank, but they can also apply for a student loan from Kfw Bank. At the same time, they can create shared savings pools, anonymously comparetheir budgets with friends, and participate in challenges. Users can use Owwn alone or collectively.
  • Jobful — Build engaged talent pipelines with AI-powered recruitment. Reduce cost per hire by 35%, shift from reactive to strategic hiring. Trusted by enterprise leaders.
  • deineStudienfinanzierung — deineStudienfinanzierung is the digital platform to help students finance their studies.
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Zeyshare Ventures
VC Fund · Bucharest, Bucuresti, Romania · 2 investments in Romania SaaS 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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Andrei Bara
Angel · 2 investments in Romania SaaS startups

Andrei Bara

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Investment focus

  • Industry: Software, FinTech, Analytics
  • Stage:Seed, Pre-Seed
  • Geography: Romania, Germany, Ireland

Investor stats

  • Total investments: 9
  • Round size: Seed $154k–$6.2M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Fintor — Automate verification, document workflows, and compliance with AI coworkers built for lenders and servicers.
  • ThinkOut — One financial decision-making tool that enables you to map, plan, analyze, foresee, monitor and manage your business' cash flow.
  • StageMe — The live streaming tool for e-commerce platforms || for more engaged customers & a conversion rate explosion.
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D Moonshots
VC Fund · 2 investments in Romania SaaS startups

D Moonshots in an investment fund created by Sacha Dragic, founder of the Superbet group.

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Investment focus

  • Industry: SaaS, EdTech, Software
  • Stage:Pre-Seed, Convertible Note
  • Geography: Romania, United Kingdom

Investor stats

  • Total investments: 3
  • Round size: Convertible Note $329k–$409k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Medicai — Medicai allows for in-the-cloud, real-time collaboration between doctors and patients on imaging investigations (CT, MRI, PET-CT, and more) and medical documents.
  • Bodyswaps — Bodyswaps is a SaaS soft skills training solution offering a library of VR and mobile simulations for management, diversity and employability training.
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Voicu Oprean
Angel · Cluj-napoca, Cluj, Romania · 2 investments in Romania SaaS startups

Voicu Oprean is based out of Cluj-Napoca, Cluj County and is the CEO and Founder of AROBS Group. Voicu previously worked at Poli Fitness Club as a Manager and Owner. Voicu Oprean attended WU (Vienna University of Economics and Business).

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Investment focus

  • Industry: Social Network, Music, eSports
  • Stage:Pre-Seed, Angel
  • Geography: Romania, Ireland

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Digitap — Digitap creates digital experiences for browsers and apps using blockchain technology. Web3 is here and it's native language is crypto, where users can win and transfer ingame items like rewards and NFTs in an instant. We are building for the future of casual entertainment. No ads. Just fun.
  • Soundmix — Everything you need to run amazing events from your own website
  • Skillview — Machine learning driven adaptive talent assessment platform for recruitment and talent growth.
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Marcelus Suciu
Angel · Cluj-napoca, Cluj, Romania · 2 investments in Romania SaaS startups

Founder and Owner: Marty Restaurants, Olivo, Bujole, Narcoffee

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Investment focus

  • Industry: SaaS, Software, Hospitality
  • Stage:Seed, Venture - Series Unknown
  • Geography: Romania

Investor stats

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

Portfolio highlights

  • Ebriza — Ebriza is a cloud-based POS software designed for hotels, restaurants, cafes, business industry, services and retail trade. Regardless of the profile and size of business, Ebriza helps keep all aspects under control and safety. From stock sales and management to customer relationship management, clients get real-time reporting and notificationswherever they are. And because Ebriza want to make sure the clients never lose anything, everything is saved in the cloud, and they can access this information from anywhere.
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Vlad Alecu
Angel · 2 investments in Romania SaaS startups

Investment focus

  • Industry: Marketing, Advertising, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Romania, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • LinkSides — LinkSides is a digital media company that specializes in artificial intelligence, online marketing, computer software, web design & more.
  • LeapList — LeapList is a Romanian digital media company that publishes business content.
  • SpreadVision — Internet company focusing on improving storytelling. We build creative products, ultimately driving actual business results.
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Sherry Coutu
Angel · London, England, United Kingdom · 2 investments in Romania SaaS startups

Sherry Coutu currently works as an Independent Non Executive Director for Pearson. She previously worked at superpower as a Director. Sherry Coutu attended Harvard Business School.

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Investment focus

  • Industry: Software, E-Commerce, Mobile
  • Stage:Seed, Angel, Series A
  • Geography: United Kingdom, Romania, United States

Investor stats

  • Total investments: 11
  • Round size: Seed $800k–$5.7M; Angel $446k–$637k; Series A $1.8M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 5Mins — 5Mins is the new microlearning platform that helps your employees build in-demand skills fast with AI-powered personalisation and advanced gamification.
  • Topia — Discover our professional services designed to elevate your business with expert solutions tailored to your needs. Contact us today for trusted support.
  • FullCircl — FullCircl is a Customer Lifecycle Intelligence (CLI) platform for customer-facing channels in B2B financial services. Better business, faster.
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Simple Capital
VC Fund · 2 investments in Romania SaaS startups

Simple Capital

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Investment focus

  • Industry: Mobile Apps, Fitness, Software
  • Stage:Seed, Pre-Seed
  • Geography: Romania, United States

Investor stats

  • Total investments: 4
  • Round size: Seed $608k–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Milluu — Helping places become homes! Milluu is the app that gets personal, relevant and smart about rent.We believe that things are done properly when you're personally invested. And we invest our technology & smart tools to help you find your next home or your next ideal tenant!We have created a service app that connects directly listers andtenants based on their preferences.Based on AI and ML, our Milluu Bot is the friendly face of the app, assisting you permanently in your rental journey, making suggestions for great matches and helping you close the deal.
  • Neobility — Neobility offers mobility solutions services.
  • Hyperhuman — Create, personalize, and deliver science-informed workouts across app, web, API, and branded member apps. Your product. Our infrastructure.
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European Union
VC Fund · London, England, United Kingdom · 2 investments in Romania SaaS startups, 34 in the past 12 months

Discover how the EU functions, its principles, priorities; find out about its history and member states; learn about its legal basis and your EU rights.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Grant, Seed, Pre-Seed
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 228
  • Round size: Seed $21k–$5.4M; Grant $60k–$28M; Pre-Seed $40k–$2.2M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Resolutiion — Resolutiion provides AI-powered software for managing commercial conflict, delivery risk, and business relationship performance. The platform supports organizations with dispute detection, workflow automation, contract monitoring, issue resolution, and operational risk management across customers, suppliers, workforce teams, and commercialpartnerships. Its system uses AI-driven analysis to identify relationship friction, monitor delivery performance, and support structured resolution processes. Resolutiion also provides commercial intelligence tools, reporting, and collaboration features for enterprise delivery and governance management.
  • Elia Belgium — Elia Transmission Belgium operates the electricity transmission network in Belgium. We manage the Belgian high-voltage transmission grid (30 kV to 400 kV), which comprises over 8,903 km of overhead lines and underground cables. We preserve a service reliability level of 99.99 % and ensure that production and consumption are balanced around theclock. In so doing, we provide society with a robust power grid, which is important for socioeconomic prosperity.
  • Greenwave Circularity — Greenwave Circularity is a specialized plastics manufacturing and clean technology company delivering sustainable packaging infrastructure, the enterprise utilizes state-of-the-art recycling automation to transform post-consumer scrap PET bottles into food-grade resins and packaging preforms.
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Climate-KIC
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Romania SaaS startups

EIT Climate-KIC is a European knowledge and innovation community, working to accelerate the transition to a zero-carbon economy.Supported by the European Institute of Innovation and Technology, we identify and support innovation that helps society mitigate and adapt to climate change. They believe that a decarbonised, sustainable economy is notonly necessary to prevent catastrophic climate change, but presents a wealth of opportunities for business and society.

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Investment focus

  • Industry: CleanTech, GreenTech, Sustainability
  • Stage:Seed, Grant, Pre-Seed
  • Geography: Germany, Italy, Switzerland

Investor stats

  • Total investments: 19
  • Round size: Seed $259k–$1.8M; Grant $13–$99k; Pre-Seed $55k–$373k
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Afterwind — Afterwind® exists to preserve natural resources for future generations by recycling glass fibre assets into circular advanced materials with full traceability.We help asset owners and industrial manufacturers in Advanced Materials, Renewable Energy, and Construction recover and reuse end-of-life and byproduct materials without compromising theiroriginal properties, including glass and carbon fibres, PET and PVC foams, and resin powders.Team Afterwind is expanding across Europe, working on- or near-site to help our clients cut costs, CO2, and risks, while supplying stable, high-quality, circular advanced materials that deliver on EU Taxonomy and green targets.
  • RECYCLLUX — RECYCLLUX is making use of the collected satellite Earth Observation data and applies machine-learning algorithms to identify the marine plastic litter problem spots, where actions need to be taken.
  • GreenPow — GreenPow is The Adaptive Computing Platform. MAIZX, our continuously-deciding control plane, routes workloads across regions based on energy, carbon, cost, performance, and compliance signals - so infrastructure thinks, not just runs.
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Bravva Angels
VC Fund · Bucharest, Bucuresti, Romania · 2 investments in Romania SaaS startups

A community of business angels, driven by the desire to invest with high impact for a better life.

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Investment focus

  • Industry: Impact Investing, Wealth Management, Financial Services
  • Stage:Pre-Seed
  • Geography: Romania

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $407k–$765k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Jobful — Build engaged talent pipelines with AI-powered recruitment. Reduce cost per hire by 35%, shift from reactive to strategic hiring. Trusted by enterprise leaders.
  • Vestinda — Vestinda is the platform that provides investments in digital assets. Their features are portfolio tracking, crypto portfolio tracking, strategy libraries,crypto investment strategies,strategy builders, trading strategies built with no code, backtesting backtested crypto trading strategies,demo trading,crypto paper trading, and risk-free livetrading.
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Global Founders Capital
VC Fund · Berlin, Berlin, Germany · 2 investments in Romania SaaS startups

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 1109
  • Round size: Seed $1.2M–$8.8M; Pre-Seed $575k–$5M; Series A $5M–$30M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $2B in 2018

Portfolio highlights

  • sevDesk — Deutschlands beliebteste Buchhaltungssoftware: Rechnungen& Angebote erstellen, Buchhaltung erledigen, Kunden- &Lagerverwaltung u.v.m.
  • Cambridge Aerospace — Our mission is to eliminate the risk of existential war in Europe.
  • Arrakis Technologies — Arrakis partners with ambitious companies to deploy secure AI in production, taking them from experimentation to real-world impact at warp speed.
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Portfolion
VC Fund · Budapest, Budapest, Hungary · 2 investments in Romania SaaS startups

Portfolion is a CEE-focused multi-stage investor with a flexible fund structure that allows it to back companies from or before 1st client until the end of their journey. The fund manager has backed some of the CEE region’s most successful companies including SEON, Novakid, Tresorit, Packhelp, and Starschema.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: Hungary, Poland, United States

Investor stats

  • Total investments: 78
  • Round size: Seed $550k–$6.6M; Series A $1.6M–$13M; Series B $4M–$45M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — raised $82M in 2020

Portfolio highlights

  • Kodesage — Kodesage captures your company's collective knowledge to help understand and modernize legacy code
  • Mobilfox — Mobilredfox offers phone cases and mobile accessories, focusing on protection and style for smartphones.
  • GymBeam — We are a fitness e-commerce platform with sports nutrition, premium services, and fair prices. We offer a wide range of nutritional supplements and advanced foods.
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Mozaik Investments
VC Fund · Bucharest, Bucuresti, Romania · 2 investments in Romania SaaS startups

Mozaik Investments offers flexible growth financing to small and medium-sized enterprises with unique qualities and exceptional leadership.

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Investment focus

  • Industry: Apps, FinTech, Payments
  • Stage:Series A
  • Geography: Romania

Investor stats

  • Total investments: 2
  • Round size: Series A $2.5M–$2.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Pago — Managing and paying utility bills, insurance, mobile top-ups and taxes takes too much time for many households in Europe. Pago simplifies these payments by adding automation where possible, using integrations with billers, insurers and online platforms to dramatically reduce the time needed for all these payments. The service is available in theB2C app called Pago and through B2B integrations by embedding Pago features in partner apps through SDK or API. Pago's services are used by over 500k monthly active users in Romania, Poland and Italy.
  • Pago — Pago develops a digital payments platform that allows users to manage and pay household expenses through a mobile application. The company provides bill payment services for utilities, insurance, taxes, mobile prepaid recharges, road tolls, and travel-related services within a unified interface. Its platform supports account aggregation, automaticbill retrieval, payment scheduling, and notification tools that help users organize recurring financial obligations. Pago also integrates with banking and financial service applications to extend payment capabilities across partner ecosystems. The company includes transaction history, account management, and digital document storage features to support personal finance tracking and payment administration. In addition, Pago uses encrypted communications and secure payment processing technologies to support data protection and digital transaction security for consumers and partner platforms.
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Cosmin Manea
Angel · 2 investments in Romania SaaS startups

Cosmin Manea is a Founding Partner at Instashop.

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Investment focus

  • Industry: SaaS, Big Data, Software
  • Stage:Angel, Seed
  • Geography: Romania, Spain

Investor stats

  • Total investments: 4
  • Round size: Angel $45k–$261k
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Safeflows — Outbound lead generation services for B2B
  • Burger Index — One database for all online food and grocery data
  • 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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VERBUND
VC Fund · Vienna, Wien, Austria · 2 investments in Romania SaaS startups

Austria's largest electricity provider

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Investment focus

  • Industry: Software, Car Sharing, Smart Cities
  • Stage:Series A, Venture - Series Unknown
  • Geography: Austria, Romania

Investor stats

  • Total investments: 4
  • Round size: Series A $1.6M–$1.6M; Venture - Series Unknown $3.3M–$3.3M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Necture — NECTURE empowers businesses to unlock the full potential of fleets, seamlessly bridging the gap between mobility and energy. Combining human-driven information with data-driven intelligence, we provide tailored solutions that optimize operations, reduce costs, and achieve sustainability goals. Our AI-driven technology platform offers advanced dataanalytics, automation, and user experience for efficient fleet management. Going beyond mere intelligence, we translate data into real-world actions, minimizing environmental impact and driving a cleaner, greener future. NECTURE is building a world where electric fleets are not only possible, but thrive.
  • Ogre AI — Ogre AI is a data science company specializing in machine learning and artificial intelligence solutions
  • Necture — Ubiq enables mobility sharing operators to become profitable. Through demand prediction, demand fullfillment, predictive charging, dynamic pricing and policy compliance we provide tools for operational excellence.
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Ana Cinca
Angel · 2 investments in Romania SaaS startups

Ana Cinca

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Investment focus

  • Industry: SaaS, Software, Consulting
  • Stage:Seed, Pre-Seed
  • Geography: Romania

Investor stats

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

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.
  • 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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Clever Capital
VC Fund · 2 investments in Romania SaaS startups

Clever Capital is a private investment vehicle based in Cluj-Napoca, Romania that generally invests in early stage technology focused startups, including fintech and blockchain projects, and mentors them to support accelerated growth locally and internationally, as well as help them reach next investment rounds.

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Investment focus

  • Industry: Software, B2B, SMS
  • Stage:Seed, Pre-Seed
  • Geography: United States, Romania, United Kingdom

Investor stats

  • Total investments: 9
  • Round size: Seed $146k–$1M; Pre-Seed $575k–$704k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Oveit — Discover Oveit's innovative platform for ticketing, registration, and cashless payments. Elevate your events with seamless, secure, and user-friendly solutions.
  • 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.
  • Plant an App — Plant an App is a low-code cloud-based platform for the rapid development and deployment of web applications.
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Romania SaaS startups

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: Estonia, Sweden, Finland

Investor stats

  • Total investments: 38
  • Lead/follow: no public data

Portfolio highlights

  • Hydrogrid — HYDROGRID's optimal production planning and dispatch SaaS solution allows power plant owners to increase their revenues by aligning their production to power markets and weather conditions whilst at the same time reducing daily operational workload.
  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
  • DRUID — DRUID is an AI platform that allows companies to automate processes by designing and deploying UiPath RPA integrated chatbot virtual assistants.
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Daniel Dines
Angel · Dover, Delaware, United States · 1 investments in Romania SaaS startups

Daniel Dines is Co-founder and CEO of UiPath, the fastest growing and leading provider of Robotic Process Automation (RPA) and AI software worldwide. Dines started UiPath in 2005 with the goal of building a solution that could help humans reduce the time and stress that come from menial, administrative business tasks. Today, Dines’ vision is tomake software robots, powered by computer vision and AI, as common as PCs in the workplace -- a vision dubbed One Robot for Every Person.Dines is committed to ushering in the “automation first” era, helping businesses of all sizes digitize everyday business operations and apply AI to drive true digital transformation. This era brings tremendous value to businesses and new career opportunities for people – which is why Dines aims to democratize RPA via free training and software, as well through UiPath’s Academic Alliance program, which trains and certifies university students, youth, and traditionally underrepresented groups – with an eye toward preparing people for the jobs of the future.Since incorporating UiPath in 2015, and moving its headquarters to New York in 2017, Dines has led the company through substantial growth – delivering intelligent automation solutions to thousands of companies around the world, including government agencies and many of the Fortune 500. He has raised more than $1B from top-tier venture capital firms, with a post-money valuation of $7B.Dines began his engineering career at Microsoft where he designed and developed the SQL Server Agent. Still a hacker at heart, he is active in driving the company’s RPA platform and supporting the 250,000 developers who are building automations on UiPath’s RPA platform.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 22
  • Lead/follow: no public data

Portfolio highlights

  • RobCo — Easily automate the repetitive tasks in your production facility with modular industrial robots from RobCo.
  • Goodlegal — Goodlegal is the One-Stop-Shop for all your Legal needs. Get an out-of-the-box Legal Infrastructure Platform to handle all your problems.
  • Avi Medical — Avi Medical is a digital health care company that provides telemedicine services. Its platform enables patients to book appointments, manage their health data, and chat with the practitioner. The company uses data-driven medicine to provide patients and healthcare workers with a streamlined, more modern experience.
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SaaS Investor funding in Romania at a glance

Stats across 395 deals from 279 investors.

279
investors
in Romania SaaS startups
395
deals
in Romania SaaS startups
$526k
median round
in Romania SaaS startups
52%
lead investors
lead at least one round
29%
Seed
most common funding stage
81/19
VC / Angel
share of investor count

Access all 279 investors in Romania SaaS startups.

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