Brouky Score · 2026

Top VC Firms in Romania

The 17 highest-scoring venture funds headquartered in Romania, ranked from 17 eligible firms on a 110-point composite of portfolio outcomes, deal volume, risk adjustment and cheque-size fit.

60
Median score / 110
across eligible firms
17
Eligible firms
5+ tracked investments
278
Tracked investments
in this market
17
Firms ranked
highest scoring
Sort by
1

CEECAT Capital

Series C+Romania
97/ 110Grade A

Investments

7

Exit Rate

25%

Alive

3

Portfolio Outcomes

3 Alive2 Acquired3 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
16 / 25
Deal Volume
30 / 30
Portfolio Outcomes
36 / 40
97 pts · Grade A
2

Day One Capital

Series BRomania
Software & Developer ToolsFinance & BlockchainConsumer, Lifestyle & ServicesCommerce & MarketingArtificial Intelligence & Dataother
aicommunityconsumerdeveloper-toolscookingculinary

Day One Capital is a venture capital fund that invests in early-stage technology companies in Central and Eastern Europe. They focus on Seed and Pre-Seed stages, primarily in software, fintech, and e-commerce sectors.

90/ 110Grade A-

Investments

22

Exit Rate

9%

Alive

17

Portfolio Outcomes

17 Alive2 Acquired1 Dead3 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
23 / 30
Portfolio Outcomes
40 / 40
90 pts · Grade A-
3

Catalyst Romania

Series ARomania
89/ 110Grade A-

Investments

8

Exit Rate

—

Alive

—

Portfolio Outcomes

Not enough tracked outcomes yet

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
25 / 30
Portfolio Outcomes
37 / 40
89 pts · Grade A-
4

Mideuropa

Series C+Romania
78/ 110Grade B-

Investments

13

Exit Rate

7%

Alive

6

Portfolio Outcomes

6 Alive1 Acquired7 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
15 / 30
Portfolio Outcomes
36 / 40
78 pts · Grade B-
5

SeedBlink

Series C+Romania
Software & Developer ToolsConsumer, Lifestyle & ServicesHealthcare & Life SciencesIndustry & HardwareFinance & BlockchainEnergy, Environment & Mobility
property-managementproptechmobile-appaiblockchain-technologycancer

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.

76/ 110Grade B-

Investments

43

Exit Rate

2%

Alive

32

Portfolio Outcomes

32 Alive1 Acquired2 Dead6 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
19 / 40
76 pts · Grade B-
6

Early Game Ventures

Series C+Romania
Software & Developer ToolsFinance & BlockchainConsumer, Lifestyle & ServicesotherIndustry & HardwareEnergy, Environment & Mobility
automationartificial-intelligencemachine-learningnatural-language-processingbankingfinancial-services

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

76/ 110Grade B-

Investments

31

Exit Rate

3%

Alive

26

Portfolio Outcomes

26 Alive1 Acquired9 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
11 / 25
Deal Volume
30 / 30
Portfolio Outcomes
20 / 40
76 pts · Grade B-
7

Underline Ventures

Series ARomania
Software & Developer ToolsArtificial Intelligence & DataotherConsumer, Lifestyle & ServicesFinance & Blockchain
aiautomationdeveloper-toolsAIconfigure-price-quoteno-code

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

69/ 110Grade C

Investments

15

Exit Rate

7%

Alive

13

Portfolio Outcomes

13 Alive1 Acquired1 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
21 / 30
Portfolio Outcomes
18 / 40
69 pts · Grade C
8

GapMinder VC

Series BRomania
Software & Developer ToolsotherCommerce & MarketingFinance & Blockchain
digital-transformationemployer-insightsjob-searchautomationchatbotsnatural-language-processing
65/ 110Grade C-

Investments

20

Exit Rate

0%

Alive

19

Portfolio Outcomes

19 Alive1 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
18 / 30
Portfolio Outcomes
18 / 40
65 pts · Grade C-
9

Enterprise Investors

Series C+Romania
otherSoftware & Developer ToolsEnergy, Environment & MobilityFinance & Blockchain
group-classesgym-membershipspersonal-trainingaudio cablesaudio adaptersaudio converters
60/ 110Grade D+

Investments

16

Exit Rate

0%

Alive

18

Portfolio Outcomes

18 Alive2 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
30 / 30
Portfolio Outcomes
0 / 40
60 pts · Grade D+
10

Gecad Ventures

Series CRomania
Software & Developer ToolsFinance & BlockchainCommerce & Marketingother
email servermessagingenterpriseISPpetspet services

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.

53/ 110Grade D-

Investments

16

Exit Rate

56%

Alive

4

Portfolio Outcomes

4 Alive9 Acquired3 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
6 / 30
Portfolio Outcomes
18 / 40
53 pts · Grade D-
11

Cleverage VC

Series BRomania
Healthcare & Life SciencesSoftware & Developer Tools
digital-healthhealthcarehealthcare-communicationpatient-provider-communicationsecure-chatcase-management
45/ 110Grade E+

Investments

15

Exit Rate

0%

Alive

16

Portfolio Outcomes

16 Alive

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
12 / 30
Portfolio Outcomes
3 / 40
45 pts · Grade E+
12

V7 Capital

Series ARomania
Software & Developer ToolsotherCommerce & MarketingConsumer, Lifestyle & Services
rewardsinventory-managementinvoicingorder-managementdesign-platformhome-renovation

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.

43/ 110Grade E

Investments

24

Exit Rate

7%

Alive

20

Portfolio Outcomes

20 Alive2 Acquired6 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
10 / 30
Portfolio Outcomes
3 / 40
43 pts · Grade E
13

TechAngels Romania

SeedRomania
Software & Developer ToolsCommerce & MarketingConsumer, Lifestyle & ServicesFinance & BlockchainHealthcare & Life Sciences
food-wastelocal-commercemobile-appsurplus-foodeducation-planninggap-year

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

9

Exit Rate

0%

Alive

9

Portfolio Outcomes

9 Alive

Score Breakdown

Size Fit
4 / 15
Venture Signals
14 / 25
Deal Volume
12 / 30
Portfolio Outcomes
7 / 40
37 pts · Grade F+
14

Sparking Capital

SeedRomania
Software & Developer ToolsConsumer, Lifestyle & Services
automationdata-privacygdprmarketingproductivity-softwaresales
31/ 110Grade F

Investments

11

Exit Rate

0%

Alive

7

Portfolio Outcomes

7 Alive1 Dead3 Unknown

Score Breakdown

Size Fit
13 / 15
Venture Signals
14 / 25
Deal Volume
4 / 30
Portfolio Outcomes
0 / 40
31 pts · Grade F
15

Netopia Ventures

Series C+Romania
29/ 110Grade G+

Investments

8

Exit Rate

0%

Alive

6

Portfolio Outcomes

6 Alive3 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
2 / 30
Portfolio Outcomes
0 / 40
29 pts · Grade G+
16

Fortech Investments

SeedRomania
Software & Developer ToolsHealthcare & Life SciencesIndustry & Hardware
artificial-intelligencehealthcare-automationmedical-softwareradiation-therapyconfigure-price-quoteno-code

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.

28/ 110Grade G+

Investments

11

Exit Rate

0%

Alive

12

Portfolio Outcomes

12 Alive1 Unknown

Score Breakdown

Size Fit
10 / 15
Venture Signals
14 / 25
Deal Volume
4 / 30
Portfolio Outcomes
0 / 40
28 pts · Grade G+
17

Morphosis Capital

UnknownRomania
13/ 110Grade H

Investments

9

Exit Rate

33%

Alive

5

Portfolio Outcomes

5 Alive3 Acquired1 Unknown

Score Breakdown

Size Fit
0 / 15
Venture Signals
11 / 25
Deal Volume
2 / 30
Portfolio Outcomes
0 / 40
13 pts · Grade H

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. 17 firms qualify; the top 17 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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