The market leaders were, however, Croatia (over EUR620 million) and the Czech Republic (over EUR540 million).
Romania hosts only four of the top 50 startup funding rounds closed in the Central & Eastern Europe (CEE) region in the second quarter of 2022.
In 2021, Romania ranked third by VC funding in CEE, with EUR 750 million in a EUR5.4 billion market, thanks to UiPath’s Series F (EUR623 million), after Estonia and Poland and ahead of the Czech Republic. In Q2 this year, however, none of the top 20 startup funding rounds took place in Romania.
The most popular sectors that grabbed investors’ attention in Q2 were Automotive, Delivery Services, and E-commerce, however, Financial Services, AI, and Data & Analytics still remained in the investment circle.
Among the most active investors were Change Ventures, MITON, Geek Ventures, Hiventures, Movens Capital, Nation 1, Startup Wise Guys, Credo Ventures, DEPO Ventures, Early Game Ventures, EEC Ventures, Hoxton Ventures, Khosla Ventures, Presto Ventures, Purple Ventures, and SMOK Ventures.
The largest VC deal in Q2 was that of Rimac Group – Croatian hypercars and high-performance electrification technologies producer.
The second and third largest deals took place in the Czech Republic: Rohlik – the grocery delivery company that offers a 90-minute same-day delivery service; and Ataccama – the software company delivering data quality, master data management, data governance, and big data technologies.
According to this quarterly overview, the total value of disclosed funding rounds closed in the CEE region exceeded EUR2 billion. The number of VC transactions has doubled in comparison to the same quarter of last year.