“We are managing a $20 million fund and have so far invested $7 million in 14 companies. We have around $13 million left to invest. We have a number of entrepreneurs we are in talks with and we have a lot of creativity in Romania”.
He added Underline Ventures bets on large funding rounds for the selected startups, earmarking on average up to $500,000 for each investment.
About 2024, Bogdan Iordache says it has been a dynamic year for the tech ecosystem, after a 2023 marked by economic uncertainty.
(English version by Catalina Apostoiu)