The amount is higher than the investments for the whole 2020, but is 20% lower than the 2021 high, when TechAngels invested EUR5.8 million euros in the first nine months, according to the same source.
“The figures for the first nine months reflect a reality of the entire tech ecosystem. Tech solutions are attracting interest and there is an appetite from the market and investors because they are at the heart of the development of all economic areas today,” said Malin-Iulian Stefanescu, President of TechAngels.
“On the other hand, macroeconomic events, the outbreak of war in Ukraine, inflation and rising energy prices have influenced the overall investor sentiment. The third quarter shows a rebound in investment intent, but not at the same level as in the first quarter of 2022.”
Over the past five years, TechAngels has contributed more than EUR30 million to the development of the local tech ecosystem, according to the source.
(English version by Loredana Fratila-Cristescu)