TechAngels Group's 2021 investments in local startups amounted to 8.9 million euros, twice the figure of 2020, and its investor network has grown by 40 percent, the tech business supporting association said in a statement on Thursday."Investments by members of TechAngels, the largest network of private investors interested in supporting the Romanian tech startup ecosystem, were a combined 8.9 million euros in 2021, double the amount of 2020 and 43 percent more than in 2019. The financing was directed to 69 startups, of which 14 benefited from follow-on rounds," the cited document states.40 percent of investors allocated up to 50,000 euros each, 37.5 percent invested between 50,000 and 500,000 euros, and 5.5 percent gave out over 500,000 euros. This year, 20 percent of the group chose not to invest in new solutions, some of them being new members. Automation, robotics and b2b process solutions accounted for no less than 44 percent of the ideas presented by the startups seeking financing from TechAngels. Next by numbers are health and education solutions (10 percent each), in line with the major concerns of the society in this period. Tech solutions also emerged this year for growing communities, as well as more sustainability-oriented solutions, with applications in everyday life and in business. Many of the resources targeted by startups were intended for expanding solutions regionally and internationally, product scaling and development.TechAngels is an open group of private investors interested in supporting the development of technology start-ups in Romania and in the region.
Romanian-born author Patricia Furstenberg invites readers into the shadowed heart of Transylvania with her 1000-word story The Night of Returning Souls. “Let me show you the world as it once was,” she told Romania-insider.com, introducing a haunting tale set on All Saints’ Night, when the veil between the living and the dead grows thin. “In […]
Three tourists climbing Romania’s Făgăraș Mountains died this past weekend in separate accidents after slipping hundreds of meters down steep, ice-covered slopes. According to the mountain rescuers, two of the victims may not have had the necessary equipment for winter conditions. Their bodies could not be recovered immediately because of the late hour, officials said, […]
Marcel Ciolacu, former prime minister and president of the Social Democrats (PSD) in Romania, has been officially nominated as the party's candidate for the presidency of the Buzău County Council in the upcoming local elections scheduled for December 7. Speaking at the announcement event organized by PSD's Buzău branch, Ciolacu said his decision to run […]
Romanian president Nicușor Dan congratulated the newly elected president of Ireland, Catherine Connolly, in a message posted on social media on Sunday, October 26. “Congratulations to Catherine Connolly on her election as President of Ireland. I am looking forward to working together to develop our bilateral and European cooperation, building upon our countries' excellent relations […]
Romania has activated a new F-16 Fighting Falcon squadron to carry out NATO air policing missions, the Ministry of Defense announced. The 48th Fighter Squadron of the 71st Air Base “General Emanoil Ionescu” in Câmpia Turzii began operations last week, on October 20, under NATO command. The missions aim to safeguard Romania’s airspace and strengthen […]
Bucharest’s District 6 mayor, Ciprian Ciucu, confirmed on Monday, October 27, that he will run for the position of general mayor of the capital city, saying the decision followed “long and careful reflection” on where he could make the greatest impact. His announcement came as a new Avangarde poll showed a close race for Bucharest’s […]
