Total investment in Romanian high-tech startups stood at about EUR8 million last year, according to Dealroom.co, a portal that displays statistics about the funding of all companies in Europe and Crunchbase.com
In all, the local startup ecosystem received more than EUR52 million funding in the past twelve years, as much as other countries get in one year or quarter. For instance, the development of new businesses in Poland, one of the most developed markets in the Central and Eastern Europe, got more than EUR70 million last year.
The level of investment in startups in Romania is still among the lowest even if compared with countries closer to its level of development such as Hungary, Czech Republic, Slovakia, Slovenia and Ukraine. Hungarian startups got more than EUR10 million investment last year, while Ukraine and Czech Republic’s got EUR8 million and EUR7 million. Slovenia, too, saw new businesses get EUR14.5 million funding.
The main backer of the startup ecosystem in Romania in the past three years has been technology focused private equity and venture capital firm 3TS Capital Partners, one of the largest such firms in CEE, which allocated about EUR10 million to local technology businesses in 2013-2016.
(English version by Loredana Fratila-Cristescu)