“2024 was a year of growth for TechAngels, reflecting both the potential of the Romanian entrepreneurs and the determination of investors to support the tech ecosystem. It is a decisive moment, when innovation, global connectivity and a free market are proving their strategic value,” Marius Istrate, TechAngels president said.
Half of the members of the network made at least one investment in 2024, 28% of whom invested in new startups and 26% participated in a follow-up round for the companies in the portfolios. The overall portfolio of the network gained about 25 to 30 new startups in 2024.
More than 200 local startups went through the screening process in 2024, and about 90 of them got the opportunity to present their projects at the weekly meetings of the network. The main sectors were HealthTech (14.66%), FinTech (12.93%), PropTech (10.34%), EdTech (8.82%) and mobility solutions (6.90%).
The year 2025 looks set to bring another increase in investment activity, along with more cautiousness. Although 75% of the investors plan to continue investments, 60% of the members believe that tax regulations and society climate could influence their investment decision.
TechAngels numbers more than 130 active members and its investments in the local startup system amount to some EUR46 million in the last 12 years.
(English version by Loredana Fratila-Cristescu)