The amount represents the direct funding of TechAngels members in start-ups, leaving out the amounts they invested through investment funds or platforms. In the first half of 2023, TechAngels members had invested a total of around EIUR1 million, as well, but the amount then also included their investments made through investment funds or platforms.
According to the TechAngels survey, 14.6% of members backed new start-ups with a total of EUR725,000 and 13% participated in follow on funding rounds with a total of EUR250,000. At the same time, the internal survey shows that a larger amount of around EUR1.8 million is available for the second half.
In the first six months of the year, TechAngels members evaluated a total of more than 100 start-ups, of which 45 participated in pitching sessions.
“Now is the perfect time to build great tech companies in this part of the world. Romania and the countries in the region have unprecedented opportunities for tech entrepreneurs. We believe our potential is not just local, but global,” said Marius Istrate, chairman of TechAngels’ board.
(English version by Loredana Fratila-Cristescu)