TLDR:
- 13 UK-based VCs invested in 15 Romanian startups, with Seedcamp leading in deals.
- Romanian startups are looking to expand globally, with the UK being a key market for growth.
Thirteen UK-based venture capitalists invested in fifteen Romanian startups, with Seedcamp taking the lead in deals, according to a recent report. The UK/Romania Technology Report, launched in London, highlights the close ties between the two ecosystems and the potential for collaboration. The report delves into the Romanian tech landscape, showcasing the challenges and opportunities for startups in the country.
For Romanian startups, raising capital locally is just the beginning. Many aspire to scale internationally, with the UK emerging as a top choice for expansion. Several UK-based VCs, including Dawn Capital, Atomico, and Notion, have already backed Romanian founders, paving the way for growth and global reach.
With over one million Romanians residing in the UK, the connection between the two countries is strong. Many Romanian founders have launched startups in the UK, leveraging their expertise and networks to build successful ventures. Collectively, these startups have raised nearly €300M in funding and created over 600 jobs, showcasing the impact of cross-border collaboration in the tech sector.
Overall, the report underscores the growing partnership between the UK and Romania in the tech space and the potential for further collaboration and growth in the future.
