TLDR:
- Romanian VC firm GapMinder leads a $2 million pre-seed funding round for local IT startup Genezio.
- Genezio aims to revolutionize developer tools and accelerate code deployment through automation.
Romanian venture capital (VC) firm GapMinder announced that it is leading a $2 million pre-seed funding round for local IT startup Genezio. The startup plans to use the funds to implement its market strategy and enhance enterprise capabilities in web, mobile, blockchain, AI, and automation apps. GapMinder highlighted that Genezio is working towards transforming the developer tools environment by enabling developers and enterprises to adopt new automated methods for testing and deploying code. The startup, founded in 2023, focuses on providing programmers with tools for automating app development.
The pre-seed funding round also saw participation from Romanian VC firm Underline Ventures and a group of business angels. Genezio’s CEO and co-founder, Andrei Pitis, emphasized the importance of their tools in accelerating the deployment and automated testing of code. This investment marks the first funding through GapMinder Fund II, after receiving 10 million euros from the European Bank for Reconstruction and Development to support the Romanian technology sector. GapMinder Ventures primarily targets B2B IT software and digital product start-ups in fintech, cybersecurity, enterprise automation, and data and analytics.
Underline Ventures, established in 2022 by Romanian entrepreneur Bogdan Iordache, aims to fund early-stage high-growth startups in Eastern Europe. Overall, the investment in Genezio reflects GapMinder’s commitment to advancing the Romanian technology sector and supporting innovative solutions in the IT industry.
