Romania

The members of TechAngels, Romania’s first and largest angel investor network, invested EUR 1,013,000 in the first half of 2023, a third of the investments made in H1 2022. Caution was the key word for investors worldwide, with Europe seeing both lower investment volumes (down 60.7%) and fewer financing deals closed. The volatile macroeconomic context has led to both investors and founders

Romania-born human intelligence platform Nestor, announced a $2 million seed round. Lead investor, Eleven Ventures has been an early backer and key part of scaling into the global markets of companies such as Payhawk and Gtmhub in verticals like fintech and the future of work. “Every employee is unique. We envision a world where every employee receives the right opportunity at the

Bucharest-listed Bittnet Systems, an IT&C solutions integrator and provider of training services in the IT sector, sold 11.9% of Dendrio Solutions to Agista Investments, part of Impetum Group for a total amount of 7.5 million lei. Dendrio Solutions represents the reunion of three companies well-known on the Romanian market: Bittnet, Gecad Net, and Crescendo. The company is the only multi-cloud integrator in