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.