The value of investments in Romanian startups has exceeded the threshold of 100 million euros

Must Read

Romania and Bulgaria resume negotiations for the construction of a new hydroelectric plant on the Danube

By RBJ Romania and Bulgaria will resume negotiations to build the hydropower plant from Turnu Măgurele - Nicopol, announced the...

The Italians from ENEL are leaving Romania as part of a global business restructuring program

By RBJ The Italian group Enel, present in Romania in the electricity distribution, supply and production segment, intends to exit...

The level of confidence of Romanian managers is affected by the constraints of the war in Ukraine and the energy crisis (Impetum study)

By RBJ The confidence level of Romanian managers decreased in the second part of this year, near the level of...

By rbj
The total value of investments in Romanian startups has tripled in 2021, reaching from the amount of 30.4 million euros reported in 2020, to over 116.9 million euros, according to the Romanian Venture Report 2021, launched today by How to Web . This value increased 13 times, compared to the amount of 8.2 million euros, reported in 2017.
The level of investment in startups aligns Romania with a general growth trend, given that investments in startups at European level have exceeded 100 billion euros, also indicating a tripling compared to the level of 2020.
In its second edition, Romanian Venture Report 2021 offers a complete analysis and a collection of statistics on investments in Romanian startups in 2021.
The 2021 report includes 71 transactions. The invested capital exceeded the amount of 116.9 million euros, including the financing round of Serie B, of 51 million euros, raised by the local fintech startup, FintechOS.
-The average amount invested in startups has increased by over 80%, from 357,000 euros in 2020 to 647,000 euros in 2021, registering an increase of 33% for pre-seed investments (below 200,000 euros), respectively an increase of 70% for seed rounds (between 200,000 euros – 3 million euros);
-55% of the follow-on transactions (investments after the first round) were made at seed level, most with Romanian capital, totaling 36.2 million euros, an amount that represents 31% of the total value recorded in 2021 ( including the round of funding obtained by FintechOS);
-The report identified 18 transactions of over 1 million euros, which represents 68% of the total value of investments in startups in 2021.
“Comparing the dynamics of the market in 2021 with our data, we saw that investments in Romanian startups exceeded the milestone of 100 million euros, this translating into an increase 3 times higher than in the previous year. This achievement came just a few years after UiPath, a local startup, reached unicorn status, and in a year when another fast-growing local startup, FintechOS, achieved a round of series B financing. The progress of the local ecosystem can no longer be neglected, and what is even more interesting is that the growth trend has continued in recent years. It seems that the local level of investment in startups is at the beginning of what seems to be a spectacular evolution, which still has places in the first place. While we look forward to seeing what the 2022 figures say, How to Web is here to support the development of technology and innovation in Romania and throughout Eastern Europe, ”said Alexandru Agatinei, CEO of How to Web.
Started as one of the most important conferences for startups in Eastern Europe, How to Web has supported the regional entrepreneurship and technology innovation scene in the last decade and accelerated the adoption of startup culture through top events, programs and content.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
Latest News

Romania and Bulgaria resume negotiations for the construction of a new hydroelectric plant on the Danube

By RBJ Romania and Bulgaria will resume negotiations to build the hydropower plant from Turnu Măgurele - Nicopol, announced the...

The Italians from ENEL are leaving Romania as part of a global business restructuring program

By RBJ The Italian group Enel, present in Romania in the electricity distribution, supply and production segment, intends to exit the Romanian market in 2023....

The level of confidence of Romanian managers is affected by the constraints of the war in Ukraine and the energy crisis (Impetum study)

By RBJ The confidence level of Romanian managers decreased in the second part of this year, near the level of the end of 2020, at...

OVES Enterprise expands its international presence and opens its first US office in Silicon Valley

By RBJ OVES Enterprise, a software development company from Cluj-Napoca, expands its international presence and opens, in Silicon Valley, in Palo Alto, the first office...

In difficulty and restructuring after the loss of business in Russia, the OMV Group is delaying investments in Romania

By RBJ The Austrian group OMV became a major regional player in the field of hydrocarbons starting in 2004, after buying the Romanian company PETROM....
- Advertisement -

More Articles Like This

- Advertisement -