Brouky Score · 2026

Top VC Firms in Romania

The 14 highest-scoring venture funds headquartered in Romania, ranked from 14 eligible firms on a 110-point composite of portfolio outcomes, deal volume, risk adjustment and cheque-size fit.

68
Median score / 110
across eligible firms
14
Eligible firms
5+ tracked investments
382
Tracked investments
in this market
14
Firms ranked
highest scoring
Sort by
1
Software & Developer ToolsIndustry & HardwareConsumer, Lifestyle & ServicesCommerce & MarketingHealthcare & Life SciencesFinance & Blockchain+3 more
romaniadigital-contentreadingimmersive-technologymedical-trainingrehabilitation+3 more

Catalyst Romania is a venture capital fund focused on technology investments in Southeast Europe, investing growth capital in technology and internet sectors through funds supporting regional leaders and companies with international exposure.

98/ 110Grade A

Investments

30

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
29 / 30
Portfolio Outcomes
40 / 40
2
Software & Developer ToolsConsumer, Lifestyle & ServicesIndustry & HardwareFinance & BlockchainCommerce & MarketingArtificial Intelligence & Data+3 more
artificial-intelligenceautomationmachine-learningaienterprisetranscription+3 more

Early Game Ventures invests in early-stage startups in the CEE region. They focus on sectors like software, developer tools, finance, and blockchain.

95/ 110Grade A

Investments

49

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
3

SeedBlink

SeedRomania
Software & Developer ToolsConsumer, Lifestyle & ServicesHealthcare & Life SciencesCommerce & MarketingIndustry & HardwareFinance & Blockchain+3 more
mobile-appaiproperty-managementproptechblockchain-technologycancer+3 more

SeedBlink is an investment platform connecting companies, investors, and syndicates to execute fundraising, ownership, and liquidity across European markets. They focus on early-stage European tech companies.

79/ 110Grade B

Investments

55

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
9 / 25
Deal Volume
30 / 30
Portfolio Outcomes
25 / 40
4

Gecad Ventures

SeedRomania
Software & Developer ToolsFinance & BlockchainCommerce & MarketingIndustry & Hardware+1 more
email-serverenterpriseispmessagingpet-ownerspets+3 more

Gecad Ventures invests primarily in early-stage cybersecurity and SaaS startups with innovative AI and cloud technologies, focusing on scalable B2B models in the Romanian and European markets.

75/ 110Grade B-

Investments

16

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
6 / 30
Portfolio Outcomes
40 / 40
5
Software & Developer ToolsIndustry & HardwareArtificial Intelligence & DataConsumer, Lifestyle & ServicesFinance & BlockchainCommerce & Marketing+3 more
aiautomationdeveloper-toolsconfigure-price-quoteno-codesales-automation+3 more

Focuses on early-stage technology companies, particularly at the seed stage. Investments span across Commerce & Marketing and Software & Developer Tools.

72/ 110Grade C+

Investments

23

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
25 / 30
Portfolio Outcomes
17 / 40
6

GapMinder

SeedRomania
Software & Developer ToolsArtificial Intelligence & DataFinance & BlockchainCommerce & MarketingIndustry & HardwareConsumer, Lifestyle & Services+3 more
aiautomationconversational-aidigital-transformationanalyticsdeveloper-tools+3 more

GapMinder invests in AI and deeptech startups born in the Southeast Europe (SEE) region and diaspora.

71/ 110Grade C

Investments

45

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
6 / 25
Deal Volume
30 / 30
Portfolio Outcomes
20 / 40
7

V7 Capital

SeedRomania
Software & Developer ToolsConsumer, Lifestyle & ServicesCommerce & MarketingEnergy, Environment & MobilityHealthcare & Life Sciences+2 more
rewardsdesign-platformhome-renovationinterior-designcompany-registrationcorporate-administration+3 more

V7 Capital invests in early-stage technology companies across Central and Eastern Europe with a focus on SaaS and Fintech sectors. They prioritize scalable business models leveraging AI and enterprise software to drive digital transformation.

68/ 110Grade C-

Investments

28

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
14 / 30
Portfolio Outcomes
24 / 40
8

Sparking Capital

SeedRomania
Software & Developer ToolsConsumer, Lifestyle & Services
automationdata-privacygdprmarketingproductivity-softwaresales+3 more

We finance European pre-seed and seed Software/IT start-ups with at least a MVP launched. Our first investment tickets range from 250k Euro to 1.5 millions Euro. We are sector agnostic with a focus on companies where AI and machine learning are core to the product. Our main geographical focus is Romania and the European Union.

68/ 110Grade C-

Investments

16

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
16 / 25
Deal Volume
9 / 30
Portfolio Outcomes
28 / 40
9

Cleverage VC

SeedRomania
Healthcare & Life SciencesSoftware & Developer ToolsArtificial Intelligence & Data
digital-healthhealthcareaihealthcare-communicationpatient-provider-communicationsecure-chat+3 more

The firm invests in technology-based healthcare startups in Europe and the UK, especially Romania, Greece, Bulgaria, and Poland, focusing on companies with innovative products that are ready to go to market and win first clients. Investment stages include pre-seed, seed, and Series A with ticket sizes between 50k and 700k EUR.

66/ 110Grade C-

Investments

20

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
14 / 15
Venture Signals
15 / 25
Deal Volume
10 / 30
Portfolio Outcomes
27 / 40
10

A Ventures

Pre-SeedRomania
Software & Developer ToolsConsumer, Lifestyle & ServicesEnergy, Environment & MobilityIndustry & HardwareCommerce & MarketingFinance & Blockchain+3 more
cloud-securitycybersecurityenterpriseconsumerapplication-securitythreat-detection+3 more

Focuses on early-stage companies in South Korea, particularly in the industry and hardware sectors. Primarily invests in Series A+ rounds.

60/ 110Grade D+

Investments

40

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
9 / 25
Deal Volume
23 / 30
Portfolio Outcomes
13 / 40
11

Enterprise Investors

Series C+Romania
Software & Developer ToolsIndustry & HardwareEnergy, Environment & MobilityCommerce & MarketingFinance & Blockchain+2 more
group-classesgym-membershipspersonal-trainingaudio-adaptersaudio-cablesaudio-converters+3 more

Founded in 1990, Enterprise Investors is a private equity firm based in Warsaw, Poland. The firm seeks to invest in companies operating in consumer goods and retail, financial services, information technology, industrial products, business process outsourcing, and healthcare sectors across Central and Eastern Europe.

60/ 110Grade D+

Investments

21

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
30 / 30
Portfolio Outcomes
0 / 40
12
Software & Developer ToolsHealthcare & Life SciencesConsumer, Lifestyle & ServicesIndustry & HardwareArtificial Intelligence & Data+2 more
artificial-intelligencereal-time-analyticshealthcare-automationmedical-softwareradiation-therapyconfigure-price-quote+3 more

Fortech Investments is a Romanian early-stage investment fund and strategic partner for founders in capital-intensive industries. They offer capital, technical expertise, and network access to support startups in sectors like Energy, Healthcare, Manufacturing, Automotive, and FinTech.

56/ 110Grade D

Investments

16

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
8 / 30
Portfolio Outcomes
19 / 40
13

CEECAT Capital

SeedRomania
53/ 110Grade D-

Investments

9

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
23 / 30
Portfolio Outcomes
0 / 40
14

TechAngels Romania

Pre-SeedRomania
Software & Developer ToolsHealthcare & Life SciencesCommerce & MarketingConsumer, Lifestyle & ServicesFinance & Blockchain+2 more
food-wastelocal-commercemobile-appsurplus-foodeducation-planninggap-year+3 more

TechAngels actively contributes to the development of tech businesses in Romania and South-Eastern Europe through investment, expertise, and connections. They aim to educate and support young entrepreneurs and encourage new business angels, with a vision to create 10 Romanian unicorn companies in the next decade.

37/ 110Grade F+

Investments

14

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
8 / 30
Portfolio Outcomes
0 / 40

Methodology

What the score measures, who is eligible, and what it deliberately excludes.

How is the Brouky score for Romania calculated?
Each firm is scored out of 110 points across four measured components: portfolio outcomes (40), deal volume (30), risk adjustment (25) and cheque-size fit (15). The score is computed from tracked investments and portfolio company status. It is not editorial and firms cannot influence it.
Which firms are eligible for the Romania ranking?
Venture and corporate venture funds headquartered in Romania with at least 5 tracked investments. 14 firms qualify; the top 14 are listed. Angel investors, family offices, banks, accelerators and government vehicles are excluded because they are scored on a different basis and are not comparable.
How often is the ranking updated?
Scores are recomputed as new investments and portfolio outcomes are recorded, and this page refreshes daily.
My fund's data looks wrong. Can it be corrected?
Yes. Claim the fund's profile on Brouky to review the underlying investments and portfolio records, and the score updates from the corrected data.

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