TLDR:
- A new investment fund, GapMinder II, has been launched by GapMinder Ventures to support deeptech start-ups in Romania, Moldova, Serbia, Croatia, Slovenia, and Bulgaria.
- The fund, with a target of 80 million euros, is the largest VC focusing on the Romanian tech start-up market and is supported by the European Investment Fund and the European Bank for Reconstruction and Development.
A major new investment fund, GapMinder II, has been launched by GapMinder Ventures to support deeptech start-ups in Romania, Moldova, Serbia, Croatia, Slovenia, and Bulgaria. With a target of 80 million euros, this fund is the largest venture capital (VC) fund focusing on the Romanian tech start-up market. Supported by the European Investment Fund (EIF) and the European Bank for Reconstruction and Development (EBRD), the first investments will be up to 2.5 million euros with significant follow-on potential. The fund will focus on B2B start-ups operating in fintech, cybersecurity, enterprise automation, and data/analytics verticals. The Romanian tech market is experiencing significant growth and the new fund aims to contribute to the development of the start-up ecosystem in Romania and South Eastern Europe.
