TechAngels Romania

A view of European tech in H2 2024, from Sifted shows that after a promising start to the year, European tech investments faced a sharp decline in H2 2024. While optimism reigned in H1 with €49.9 billion injected into startups, the second half brought a sobering €22.4 billion — a 55% drop and the lowest deal count since 2012. Here’s the breakdown of what went right, what faltered, and where the momentum is building: ➡Overall investment drop: 🔦 Total funding fell to €22.4 billion from €49.9 billion in H1. 🔦 Debt financing shrank dramatically from €21.2 billion to €4 billion. ➡Investment by stages: 🔎Early stage: Pre-seed, seed, and Series A dominated deal counts (84%) but only represented €7.3 billion. 🔎Late stage: Series D+ rounds saw a 56% decline in funding, pushing many late-stage startups towards debt or secondaries. 🔎Series B blues: Funding for Series B startups plummeted by 39.1%. 🔎 Which sectors took the spotlight? AI, data & dev tools, hospitality tech, and insurtech stood out. B2B SaaS closed strong (+2% funding growth). However, Climate tech (-47%), fintech (-43%), and consumer tech saw notable declines. Autonomous mobility and publishing sectors were hit hardest. 💡As Jonathan Sinclair, Head of Research, notes: “2025 needs to be the year of momentum. Let’s build where Europe excels.” Europe’s tech sector must recalibrate expectations. While comparisons to the U.S. remain unhelpful, focusing on core strengths like AI, deeptech, and climate innovation could drive sustainable growth. The cooldown is real, but perhaps this selective investment strategy is what European tech needs to build fewer, stronger global players. Many more insights ⬇ #growingtogether #angelinvestors #startups #techecosystem #letsmakitso

Looking back to 2024 we saw a lot of ambition and resilience. 76 financing rounds announced and financing in search of at least 243,5 million euro. More about the year ⬇️. #growingtogether #startups #angelinvestors #growsmart #smartgrowth

A strong #TechWeekInReview with over 5 million euro in search by sharply evolving startups. A symbolic boom on the last miles of a challenging year. ➡FieldOS raised 500k euro through BCR Seed Starter fund. Founded. The startup offers a SaaS platform for managing field activities and asset maintenance. The funding will be used to develop the product further, accelerate growth in the local market, and expand operations into North America. FieldOS aims to double its annual revenue to approximately €400,000 by the end of 2024 and increase its client base to over 20 companies across various sectors, including retail, facility management, education, security services, and HoReCa. ➡parol, a startup that automates medical documentation using artificial intelligence, has secured €1.2 million in funding. Parol's platform transcribes real-time conversations between doctors and patients, generating complete and accurate medical records within seconds. This technology aims to reduce the administrative burden on healthcare professionals, allowing them to focus more on patient care. The investment will support further development of the platform and expansion into new markets. ➡Nordensa®, which has developed a fan-powered platform for football talent discovery, has raised €1.8 million as part of a pre Series A funding round. The company plans to raise an additional €490,000 through individual investors on the SeedBlink platform. Nordensa's platform enables football fans to invest in emerging talents, potentially earning a share of the players' future earnings. The funds will be used to expand operations, establish new partnerships with football clubs, and further develop the platform. The company is currently valued at €12 million pre-investment. ➡Naratix, a Romanian startup specializing in AI-powered robots for the e-commerce industry, is currently seeking to raise $2-3 million in funding. The company has developed five AI robots, with two—Nara and Dynamo—already available to clients. Nara generates product descriptions, while Dynamo enriches product data by sourcing information such as images, prices, and attributes. Naratix has over 500 active direct clients and a network of more than 125 partners and clients across 30 countries. The funds will be used to expand the team, continue product development, and enhance marketing efforts. ➡Medicai plans to expand into the U.S. market in 2025 when it also aims to raise a new funding round to support this growth. Medicai, a startup offering a platform for managing medical imaging data, has doubled its revenues over the past year and now administers over 2 million imaging studies in Romania. The platform facilitates the transfer, visualization, storage, and sharing of medical imaging data, improving coordination among healthcare providers. #growingtogether #startups #angelinvestors #growsmart #smartgrowth

A brilliant warmly night to wrap up a year of collaboration and sharing together with Bravva Angels and startup teams. The Angels Way is a road of constant hope, involvement, learning, sharing and growing. It is not easy but with our TechAngels is always fun.( the proof below 🙃) Thank you all for keeping the #techecosystem on its development track. #growingtogether #angelinvestors #startups 

We are preparing the end of the year and will hold our last #pitchday Tuesday of 2024. This time we will have two daring stratups proposing specialized approaches to education and energy: ➡️ An AR-based solution combined with haptic technology enabling physical interaction with digital content. A device that connects to phones/tablets, allowing students to feel and manipulate digital concepts, with sensations like temperature and vibration, enhancing engagement and learning outcomes for kinesthetic learners. ➡️A global energy source mapping initiative, beginning with prosumers, to identify optimal nodes in the system for efficient energy distribution and forecasting. 🤝We will then join our peers from Bravva Angels for an AngelWay end of the year event, keeping close and collaborating in times of fun as in times of work 🎉 . If you want to be part of this special journey, always in the first lines of new ideas and to support the development of the #techecosystem on either sides of the pitch deck just send us a message at www.techangels.ro. #growingtogether #startups #angelinvestors

#TechWeekInReview shows constant pace towards development, teams working hard for expansion in new markets despite the intense turbulences of the political side of our lives. ➡️ Data Against Data opened a financing round, of unspecified size, to ensure the startup scale up. The plan is that the financing will ensure the needed developments until the team will be ready for a series A round. The solution enables users to identify which companies hold their personal data and request deletion with a few clicks. The platform acts as a digital assistant integrated with Gmail accounts and includes features such as email unsubscriptions, carbon footprint tracking for emails, and multi-account management. The customer base is spread across the USA, UK, EU, and other regions, with a growing B2B segment. ➡️SnapSnack.app has opened a financing round of €100,000–€110,000, aiming to scale up the startup and support further development and marketing efforts. The solution leverages AI to combat food waste by analyzing food photos, identifying ingredients, and generating personalized recipes based on dietary needs and preferences. SnapSnack plans to integrate partnerships with retailers promoting sustainability, offering users affordable options for meal preparation while reducing waste. The startup envisions the funding as a step toward expanding its reach and refining its innovative platform. ➡️Meditatii.ro is seeking its first financing round, with plans to scale the business and develop an AI assistant for teachers, currently in testing. The platform connects students with teachers for tutoring across 70+ subjects, offering transparency through reviews and detailed filters. It operates on a pay-per-lead model, where teachers purchase credit packages to connect with students. The platform has served 20,000+ students and maintains a base of 300-400 active teachers, with over 2,000 participating annually. ➡️INKI plans in the next year to double operations and to expand into new Central and Eastern European markets like Slovakia, Slovenia, and Croatia, and to enter a major Western European market. The startup allows businesses to rent IT equipment like laptops and phones, bundling services such as management, insurance, and security. In 2024, INKI.tech achieved a tripling of its business, reaching a portfolio across all EU countries. #growingtogether #startups #angelinvestors #techecosystem

We are back with our Tuesday #PitchDay habit, we will be discussing innovative solutions that  are addressing critical issues in software development, social well-being, and workplace productivity. We will see how: ➡to combat loneliness with AI companionship - Hyper-realistic AI companions simulate the experience of a long-distance relationship, offering emotional support and fostering meaningful connections. By providing on-demand, lifelike interactions, this solution enhances the well-being of individuals who face isolation, tackling the loneliness epidemic head-on. ➡to streamline software development estimates. A platform equipping companies with tools, training, and processes to improve project estimation accuracy, reducing overruns to below 10% and saving valuable resources. ➡to enhance productivity. A unified workspace that integrates notes, documents, and tasks, powered by an AI assistant, automating workflows across apps. This eliminates inefficiencies and allows workers to focus on meaningful tasks. #growingtogether #startups #angelinvestors

#TechWeekInReview shows focus on year reviews and on setting up strong plans for expansion and product enhancements. ➡QuickLegal a solution that automates the entire process of debt recovery, from payment notifications to legal proceedings if necessary, aims to expand its automated debt recovery solution, observing significant traction and interest from potential clients. The plan is to enhance the product and prepare for scaling to other markets. ➡Softlead, a platform that helps companies identify suitable software solutions based on their digitalization needs, providing budget estimates and connecting them with IT provider plans to continue growing in the Romanian market. The startup aims to acquire international clients for the Softlead Digital DNA platform, which audits companies' digital maturity and recommends appropriate software solutions. ➡Dekeneas has developed a platform that detects complex cyberattacks, focusing on identifying malicious code that exploits browser vulnerabilities. The startup intends to expand into the retail segment by developing mobile applications for Android and iOS platforms. The team is also working on additional features, such as rapid reputation checks for websites and phishing detection, to enhance the product offerings. ➡Naratix, a startup specializing in AI-powered robots designed to automate e-commerce operations, developed five AI robots to address challenges like product catalog optimization, return rate reduction, and increasing online order sizes by up to 30%. The platform integrates with major e-commerce platforms, such as VTEX, WooCommerce, Shopify, and Shopware, and has processed over 500,000 products in just nine months since its launch. The startup is operating in 30 countries across 4 continents, including the US, France, Germany, the Netherlands, and Hong Kong. For the next year the plans are to expand the presence in international markets while continuing to develop scalable AI solutions. ➡Rubik Hub s accelerator program, Rubik Garage, closed its 7th cohort with Apollo AI, a medtech start up offering to healthcare providers fast and easy access to large volumes of certified, correlated medical data. The team launched in 2022, Diabeta, a chatbot application for diabetologists, based on Romanian medical guidelines and protocols. Approved by Romania's National Agency for Medicines and Medical Devices, the app is now used by doctors in other specializations as well. ➡First edition of Romanian Startups Awards by ROTSA (Romanian Tech Startups Association) offered 14 special accolades to startup teams in agri, health, commerce, clean tech, fintech and more. Re-read or review the full list of this first edition winners. Their efforts and hard work deserve all our encouragement, support and recognition. 🎉🚀 #Growingtogether #startups #angelinvestors #techecosystem

We wish all of our Romanian #founders, #startup teams, peers, partners, #angelinvestors and their loved ones all the very best for the celebration of Romania’s National Day! #growingtogether, collaborating, working hard, using the talent and the experience gathered, the connections and the knowledge, we can support our tech ecosystem become what it can be – thriving, relevant with #10unicornsin10years born and raised in our region. #HappyNationalDay #dreambig #TechAngels  

The tech ecosystem is getting stronger every year ( this year were publicly announced by Romanian founded/cofounded startups 71 rounds of over 250 million euro) but its growth depends on open collaboration, connections and financing to support reaching global markets. To ensure these a predictable and solid democratic framework is a prerequisite. More about #TechAngels stance on this ⬇ #growingtogether #growsmart #smartgrowth #angelinvestors #startups