As we wrapped up 2024, it’s clear Romania’s startup scene had another eventful year, with 26 startups reporting funding rounds. This includes teams fully based in Romania and those with Romanian founders and partial teams, like FilmChain, MixRift, and Dexory.

In terms of numbers, startups raised €67.8M in the first half of the year, with funding jumping 31.6% in the second half to €94.8M. Outstanding rounds of the year were those of FintechOS (€55M Series B+) in H1 and Dexory (€77.6M Series B) in H2.

Altogether, Romanian startups announced €162.6M in funding during 2024.

In this article, we’ll break down the H2 2024’s funding activity and share key details about the rounds.

Did we miss something? Let us know at [email protected].

1. .lumen

Latest round: €4M (H2 2024) + €5M

Stage: N/A

Total funding: €25M

Investors: Venture to Future Fund, EIC, Catalyst Romania, Tigrim Capital, SeedBlink

Founder: Cornel Amariei 

Vertical: Health, Assistive Technology

About: .lumen is a research startup that develops AI-powered glasses for the blind, utilizing Pedestrian Autonomous Driving (PAD AI) technology to replicate guide dog functionalities.

2. OgreAI

Latest round: €3M

Stage: Late Seed

Total funding: €5.6M

Investors: VERBUND X Ventures, Early Game Ventures, MMC VC Fund, Soulmates Ventures, Sofia Angels Ventures

Founders: Matei Stratan, Mihai Cucuringu, Paul Musca

Vertical: EnergyTech

About: Ogre AI is a data science startup that engages in artificial intelligence and machine learning solutions for the utility industry.

3. ADAPTA Robotics

Latest round: €2M

Stage: Pre-Seed

Total funding: €2M

Investors: Catalyst Romania, WIT Angels Club

Founders: Cristian Dobre, Diana Baicu, Mihai Craciunescu

Vertical: Robotics

About: ADAPTA Robotic provides state-of-the-art solutions across various industries, including automotive, consumer electronics, medical, manufacturing, R&D, electronics refurbishment, wearables, and gaming. 

4. Parol

Latest round: €1.2M

Stage: Seed

Total funding: €1.7M

Investors: Gapminder VC, The Mavers

Founders: Claudiu Pândaru, Alex Livadaru, Alex Tepe?, Valentin Ichim

Vertical: HealthTech

About: Dexory captures real-time insights  of warehouse operations using fully autonomous robots and Artificial Intelligence.

5. CogniSync

Latest round: €1M

Stage: Pre-Seed

Total funding: €1M

Investor: Early Game Ventures

Founders: Alexandru Vesa, Luca Mateescu

Vertical: SaaS, AI

About: CogniSync develops a tool to optimize workflows for scaling teams by surfacing best practices, identifying compliance gaps, and securely leveraging enterprise-owned data.

6. Fagura

Latest round: €1M

Stage: Seed

Total funding: €2.4

Investors: uVentures, Mozaic Ventures

Founder: Tudor Darie

Vertical: FinTech

About: Fagura is developing a marketplace based on P2P lending technology, where people look for loans at a lower interest rate than the financial market and meet with investors.

7. Youni

Latest round: €960k

Stage: Seed

Total funding: €2.2M

Investors: Soulmates Ventures, Early Game Ventures

Founders: Andrei Nicolae, Eugenie Daniel Posdarascu

Vertical: EdTech

About: University matchmaking and application process for students-to-be. 

8. DesignVerse (rebranded from FigVision)

Latest round: €820k

Stage: Pre-seed

Total funding: €820k

Investors: Underline Ventures, GapMinder VC (How To Web 2024 Award), V7 Capital, Gapminder, angel investors

Founders: Andrei Manolache, Robert Dragutoiu

Vertical: SaaS

About: AI-powered tool envisioned to shorten the design workflow for freelancers and professional design teams. 

9. FieldOS

Latest round: €500k

Stage: Seed

Total funding: €500k

Investor: BCR Seed Starter

Founders: Cristi Dragomir, Ionut Gavrilescu

Vertical: B2B SaaS

About: FieldOS is a software company that develops asset operations management software.

10. The Cat Health Company

Latest round: €500k

Stage: Pre-Seed

Total funding: €500k

Investor: Early Game Ventures

Founders: Alex Voda, Alex Bacita

Vertical: DeepTech

About: Develops aging and longevity solutions for felines.