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.
A new Hilton Garden Inn hotel will open in Bucharest as part of the final construction phase of the EnVogue Residence – Iuliu Maniu project, the developer announced Thursday, July 17. The hotel will be integrated into a two-section building, whose structure has already been completed, and will feature 125 rooms, a gym, restaurant, event […]
The Bucharest Stock Exchange (BVB) has announced the semi-finalists for the 2025 edition of its flagship program, BVB Arena, which aims to highlight ambitious Romanian entrepreneurial companies capable of driving the national economy. From an impressive initial pool of 485 valid nominations, the Nomination Committee selected 50 semi-finalist companies representing diverse sectors, including IT&C, trade, […]
Romanian president Nicușor Dan will pay an official visit to Berlin, Germany, on Friday, July 18, the Presidential Administration announced. The visit, taking place at the invitation of German president Frank-Walter Steinmeier, includes official talks with both president Steinmeier and German chancellor...
An analysis published by recruitment platform eJobs shows that the highest salaries in Romania in the first half of 2025 were in Bucharest and the counties in the west of the country. The southern parts, on the other hand, had the lowest average salaries. Over 130,000 jobs and 5.1 million applications were recorded in the […]
Former tourism minister Elena Udrea is to be released on parole from Târgșor Prison on Thursday, July 17, following a final decision issued by the Prahova Tribunal. The court rejected an appeal filed by the anti-corruption prosecutors (DNA Ploiești), who had challenged a previous ruling by the Ploiești Court approving Udrea’s conditional release,
The George Enescu International Festival returns to Sibiu from September 2 to 21 with a lineup featuring Grammy-winning artists and top orchestras. Under the theme “Anniversaries,” the event marks 70 years since the death of George Enescu and celebrates milestones in the history of composers and ensembles that have shaped musical modernism. Sibiu will host […]
