“With the two Senior Investment Partners, ROCA X significantly expands both the area of contacts and collaborations, and the capacity for selecting pipelines, mentoring and acceleration, so that we can get involved even further and partner with more founders whose projects and dreams are so large that they need us. In this way, we will be able to more quickly meet the goal of increasing the size of the available capital up to EUR15 million and our ability to manage this capital as efficiently as possible,” said Alexandru Bogdan, CEO ROCA X.
Jennifer Austin, originally from the USA, has spent the past seven years actively contributing to the development of the startup ecosystem in Romania, through investing, accelerating startups, supporting investors, designing corporate innovation and startup programs, and other activities.
As a part of the team, Austin will support the establishment of a permanent presence of ROCA X in Cluj-Napoca, the second largest IT hub in Romania. Consequently, ROCA X will expand and materialize its presence in the Transylvania region, a dynamic and increasingly important region for technology investment, the company said.
Matei Dumitrescu is a business angel with 20 years of entrepreneurial experience. He is also Vice President of Tech Angels and founder of the micro VC Smart Impact Capital. His investment expertise is international and in 2018 he was selected as Investor of the Year at Central European Startup Awards.
Utilizing his multidisciplinary experience, together with the ROCA X team, Dumitrescu will continue to identify attractive, high potential investment opportunities in innovative companies. He will also support the development of meaningful partnerships in the local and international startup ecosystem.
ROCA X manages 16 investments and currently has a pipeline of over 100 local and international startups in multiple fields being evaluated for partnership. The company plans to increase the number of companies supported to 25 partnerships this year, to grow capital commitments to EUR15 million and to expand investment reach throughout Europe.