“We can see that whereas in 2021, the last two quarters were the most successful, this year things changed and we can say the most profitable investment quarters for the Romanian ecosystem were the first two, when the highest volume of investment was recorded,” the report says.
The startup funding environment has changed since last year, with ups and downs, and the global situation (Russia’s war against Ukraine, crisis and inflation, the decline of tech companies on the stock market etc.), led to an overall decline in the total amount of investment by venture capital funds in 2022, the report adds.
After five years of growth in funding volume in a row, 2022 put an end to the growth run and the downward spiral will continue in the near future, according to the document.
The 2022 figures do not take into account DRUID’s $16 million series A round.
(English version by Loredana Fratila-Cristescu)