SeedBlink raised EUR1.1 million via equity crowd-investing at the end of May. The rest of the financing came from Catalyst Romania Fund II and other local and foreign investors.
SeedBlink will use the funds to expand into other markets across the EU, starting with the third quarter of 2021, and to support the tech startup ecosystem.
The transaction was assisted by law firm Stratulat Albulescu.
“Catalyst Romania has a solid track record of successfully investing in technology companies and playing an active role in leading a good exit within portfolio companies. SeedBlink is a number of innovations across Europe, both for investors. It also has the potential to remove traditional barriers to the financing process for tech start-ups. Platform and market growth has led to far more participants (entrepreneurs and retail investors) investing in this stock. It will create opportunities to benefit from democratization of the process. We are pleased to support the SeedBlink team in achieving this mission,” said Marius Ghenea, Managing Partner Catalyst Romania.
“We have the best tools to democratize individual access to private investment in start-ups and manage portfolio strategies, and the infrastructure needed to present the same benefits and best practices from the venture capital world. Aiming to provide structure. This financing round confirms the trust gained by our vision of accelerating innovation in Europe by helping entrepreneurs with “smart money,” said Radu Georgescu, Chairman of the Board of Directors of SeedBlink.
SeedBlink was launched in December 2019 by former bankers Andrei Dudoiu and Ionut Patrahau. In early 2020, Radu Georgescu and Carmen Sebe joined as partners.
SeedBlink’s advisory board, led by Radu Georgescu, welcomed the two new members; Ted Cominos Jr., a Chicago-based corporate lawyer with over 20 years of M&A, cross-border, private equity/venture capital experience, and Pekka Mäki, Managing Partner 3TS Capital Partners, with expertise in venture capital and equity crowdfunding and passionate about the future of technology investment in Europe.