Bucharest, Romania · Venture Capital Early Game Ventures is a Bucharest-based venture capital firm that launched its first fund in 2019 focused on Romanian tech startups, achieving a reported 45% IRR on Fund I with 4 exits from 28 portfolio companies including Bunnyshell and Profluo. In April 2024 the firm launched Fund II targeting €60 million to invest in early-stage startups across CEE — primarily Romania (60–70%), with the remainder across Europe — at ticket sizes up to €6 million. Focus sectors include SaaS, AI, cybersecurity, fintech, and deep tech.
Venture Capital Early-stage SaaSFintechDeep TechE-commerceAI
Bucharest, Romania · Venture Capital GapMinder Ventures is a Bucharest-based early-stage VC firm investing in B2B deep tech and SaaS startups from Romania and Southeast Europe, with portfolio companies including Druid.AI, FintechOS, TypingDNA, and Cyscale. Its second fund, GapMinder Fund II, targets €80 million — described as the largest VC fund with a primary Romania focus — and deploys first tickets up to €2.5 million in seed and late-seed stage companies across fintech, cybersecurity, enterprise automation, and data analytics. The fund targets founders from Romania, Moldova, Serbia, Croatia, Slovenia, and Bulgaria.
Venture Capital Early-stage SaaSFintechAICybersecurityCloud Computing
Bucharest, Romania · Venture Capital Underline Ventures is a Romanian venture capital firm launched in 2020 by Bogdan Iordache, focused on pre-seed and seed investments in technology startups across Central and Eastern Europe. The firm invests EUR 100K-500K in software, SaaS, and digital platforms, targeting founders building from Romania, Bulgaria, Moldova, and the broader CEE region. Underline differentiates through deep local ecosystem knowledge and strong ties to the Romanian tech community, including How to Web, the region's leading tech conference. The firm aims to be the first institutional check for ambitious CEE founders with global ambitions.
Venture Capital Pre-Seed to Seed TechnologyPre-SeedSeed