12 VC Firms Redefining the Startup Game in Bucharest
In 2025, venture capital firms in Bucharest are no longer flying under the radar. As Romania's startup scene matures, the city is now home to a diverse mix of investors backing bold entrepreneurs in fintech, AI, climate, and SaaS.
Whether you're seeking pre-seed backing or scaling into growth, VCs in Bucharest now offer not just capital — but local insight, cross-border connections, and operational support. This guide spotlights the most active and founder-focused investors in Bucharest to help you fundraise smarter.
Quick list of top venture capital firms in Bucharest
- GapMinder VC – Leading Romanian VC fund backing scalable tech startups
- Catalyst Romania – Growth and late-seed investor with strong regional footprint
- Early Game Ventures – Pre-seed and seed fund focused on first-time Romanian founders
- ROCA X – Corporate VC investing in disruptive innovation in Romania
- Underline Ventures – Founder-first VC focused on Eastern European tech talent
- Morphosis Capital – Growth equity firm supporting SMEs in scaling operations
- Sparking Capital – Investing in early-stage digital economy startups
- Cleverage VC – Healthtech-focused VC investing in digital health innovation
- Gecad Ventures – Legacy VC investing in cybersecurity, SaaS, and fintech
- SeedBlink – Investment platform with VC-style backing for tech startups
- V7 Capital – Private fund focused on scalable tech ventures in SEE
- Simple Capital – Angel-backed fund investing in early-stage Romanian tech
How to find the right VC firm in Bucharest
Finding your ideal VC in Bucharest means aligning your startup's stage, sector, and traction with the right investment thesis. Here's how to choose wisely:
- Stage match: Early Game Ventures = pre-seed. Catalyst = growth. Know your lane.
- Sector focus: SaaS, fintech, healthtech, marketplaces — each firm has a tilt
- Local vs regional: Some firms (e.g., Underline) go cross-border, others stay focused on Romania
- Value add: Look for funds that provide not just capital, but hiring, product, or GTM help
- Platform vs fund: SeedBlink operates as a hybrid investment platform + VC
Use the Papermark Investor Database to search by region, vertical, and stage.
How to send your pitch deck to VC firms in Bucharest
Pitching investors in Bucharest? Stand out by making your deck trackable and tailored.
- Avoid static attachments — use Papermark to share your pitch
- Localize when relevant — show market validation in CEE or EU
- Emphasize traction, team, and tech
- Customize messaging for each fund's focus
- Follow up with real engagement data
Why use a pitch deck link instead of attachments?
- Get notified when an accelerator team opens your deck
- Track how long they were on each page of your deck
- Capture emails of those who viewed your deck
- Protect your IP using watermark, screenshot protection and other link permissions
- Securely send data room with multiple documents
Table
| Accelerator | Location | Investment Size | Program Length | Focus Areas | Success Rate |
|---|---|---|---|---|---|
| GapMinder VC | Bucharest, Romania | €0.5 M – €5 M | Long‑term | AI, Deep‑tech, B2B SaaS | — |
| Catalyst Romania | Bucharest, Romania | €1 M – €8 M | Long‑term | Growth & late‑seed tech | — |
| Early Game Ventures | Bucharest, Romania | €0.5 M – €2 M | Long‑term | Pre‑seed / Seed tech | — |
| ROCA X | Bucharest, Romania | €0.1 M – €1 M | Long‑term | Disruptive Romanian tech | — |
| Underline Ventures | Bucharest, Romania | $0.25 M – $1 M | Long‑term | Founder‑first, EE talent | — |
| Morphosis Capital | Bucharest, Romania | €3 M – €15 M | Long‑term | Growth equity, SMEs | — |
| Sparking Capital | Bucharest, Romania | €0.2 M – €1 M | Long‑term | Early digital economy | — |
| Cleverage VC | Bucharest, Romania | €0.25 M – €2 M | Long‑term | Health‑tech, Digital health | — |
| Gecad Ventures | Bucharest, Romania | $0.5 M – $5 M | Long‑term | Cybersecurity, SaaS, Fin‑tech | — |
| SeedBlink | Bucharest, Romania | €0.1 M – €2 M* | Platform‑based | VC‑style tech crowdfunding | — |
| V7 Capital | Bucharest, Romania | €0.25 M – €2 M | Long‑term | Scalable tech ventures | — |
| Simple Capital | Bucharest, Romania | €25 K – €1 M | Long‑term | Angel‑backed early tech | — |
1. GapMinder VC
Leading Romanian VC fund backing scalable B2B tech founders.
- Focus: AI, Deep‑tech, SaaS
- Location: Amsterdam, Netherlands (founded in Bucharest; maintains local office)
- Program length: Long‑term partnership
- Investment: €0.5 M – €5 M seed / Series A
- Equity free: No
- Website: GapMinder VC
2. Catalyst Romania
Growth‑ and late‑seed investor with a strong regional footprint.
- Focus: Tech scale‑ups across SEE
- Location: Bucharest, Romania
- Program length: Long‑term partnership
- Investment: €1 M – €8 M Series A/B
- Equity free: No
- Website: Catalyst Romania
3. Early Game Ventures
Pre‑seed & seed fund focused on first‑time Romanian founders.
- Focus: IP‑driven tech, Early CEE talent
- Location: Bucharest, Romania
- Program length: Long‑term partnership
- Investment: €0.5 M – €2 M initial tickets
- Equity free: No
- Website: Early Game Ventures
4. ROCA X
Corporate VC investing in disruptive Romanian innovation.
- Focus: Disruptive tech, MVP/prototype stage
- Location: Bucharest, Romania
- Program length: Long‑term partnership
- Investment: €0.1 M – €1 M seed
- Equity free: No
- Website: ROCA X
5. Underline Ventures
Founder‑first VC backing Eastern European tech talent.
- Focus: Seed, Founder support, EE region
- Location: Bucharest, Romania
- Program length: Long‑term partnership
- Investment: $0.25 M – $1 M seed
- Equity free: No
- Website: Underline Ventures
6. Morphosis Capital
Growth‑equity firm supporting Romanian SMEs in scaling operations.
- Focus: Scale‑ups, Services, Healthcare
- Location: Bucharest, Romania
- Program length: Long‑term partnership
- Investment: €3 M – €15 M growth rounds
- Equity free: No
- Website: Morphosis Capital
7. Sparking Capital
Early‑stage fund investing in the digital‑economy.
- Focus: Marketplaces, Fin‑tech, Consumer apps
- Location: Bucharest, Romania
- Program length: Long‑term partnership
- Investment: €0.2 M – €1 M seed
- Equity free: No
- Website: Sparking Capital
8. Cleverage VC
Health‑tech investor financing digital health innovation.
- Focus: Digital health, Med‑tech
- Location: Bucharest, Romania
- Program length: Long‑term partnership
- Investment: €0.25 M – €2 M seed
- Equity free: No
- Website: Cleverage VC
9. Gecad Ventures
Legacy Romanian VC investing in cybersecurity, SaaS & fintech.
- Focus: Cyber‑security, SaaS, Fin‑tech
- Location: Bucharest, Romania
- Program length: Long‑term partnership
- Investment: $0.5 M – $5 M seed / Series A
- Equity free: No
- Website: Gecad Ventures
10. SeedBlink
VC‑style investment platform opening tech deals to wider investors.
- Focus: Crowdinvesting, European tech
- Location: Bucharest, Romania
- Program length: Platform‑based
- Investment: €0.1 M – €2 M* (syndicated)
- Equity free: No
- Website: SeedBlink
11. V7 Capital
Private fund focused on scalable tech ventures in South‑East Europe.
- Focus: Innovation hub, PE‑oriented tech
- Location: Bucharest, Romania
- Program length: Long‑term partnership
- Investment: €0.25 M – €2 M seed / Series A
- Equity free: No
- Website: V7 Capital
12. Simple Capital
Angel‑backed fund investing in early‑stage Romanian tech.
- Focus: Early‑stage tech, Angel network
- Location: Bucharest, Romania
- Program length: Long‑term partnership
- Investment: €25 K – €1 M pre‑seed/seed
- Equity free: No
- Website: Simple Capital
Prepare for Demo Day: what Bucharest investors expect
When pitching to VCs in Bucharest, founders need more than ambition — they need a sharp story, local relevance, and a clear path to execution. Whether it's Demo Day or your first meeting, here's how to stand out:
- Show how you win locally, scale regionally
- Demonstrate clear product-market fit
- Address your team's execution strength
- Outline how funds will accelerate growth
- Track deck engagement via Papermark
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Final Thoughts
The Bucharest VC ecosystem is growing fast — and founders now have more options than ever to raise locally. Whether you're in SaaS, healthtech, or fintech, this list of top venture capital firms in Bucharest offers a strong starting point for your next funding round.