Schneider Electric, the leader in the digital transformation of energy management and automation, is expanding its Duna Smart Power Systems (DSPS) smart factory in Dunavecse, which opened last year. The new facility covering 18,000 square metres, is being constructed with an investment of 44 million €. Schneider Electric is adapting its capacity flexibly in response to market demands while adhering […]

Binance, the world’s largest cryptocurrency exchange, and MGX, the Abu Dhabi-based AI and advanced technology investor, have announced a landmark $2 billion investment. This transaction, the first institutional investment in Binance to date, marks a significant step in advancing digital asset adoption and reinforcing blockchain’s role in global finance. It is also the single largest investment into a crypto company […]

bpv GRIGORESCU ȘTEFĂNICĂ advised the Romanian retail media company FOOTPRINTS AI (www.footprints-ai.com) on its latest investment round led by Catalyst Romania Fund II, with participation from Seedblink retail investors. This round of investment aims to support the international expansion plans of Footprints’ AI-powered retail media platform, which helps offline retailers identify new potential customers and anticipate their consumer behaviour by […]

Early Game Ventures, the most active investment fund in Romania and among the most active VC funds in Central and Eastern Europe, according to Vestbee and ROPEA, announces the first major investment raised by a Romanian startup this year: Bible Chat closed a $14 million investment round today, February 19th. The Series A round was led by True Ventures, a […]

Ogre AI, the Romanian-British energy tech startup focused on data science and specialized in providing AI-based forecasting solutions for the energy sector, recently closed a new investment round of EUR 3 million. VERBUND X Ventures, the corporate venture capital arm of the Austrian main electricity supplier VERBUND, lead the round and other investors including well-known partners such as Early Game […]

SeedBlink, the all-in-one equity management and investment company, announces a partnership with early-stage venture capital firm EGV – Early Game Ventures. As part of the collaboration, EGV will deploy the SeedBlink Equity product for its portfolio companies to streamline their equity management and elevate equity to a strategic asset. With the recent announcement of Early Game Ventures Fund II, a […]

CloudCart, a professional platform for creating online stores, is launching a campaign to raise 10 million euros in Series A funding by the fourth quarter of 2024. With stable financial forecasts, the company expects to exceed a turnover of 25 million euros over the next four years, utilizing its scalable business model and innovative AI solutions. Over the past three […]

The franchise market continues its growth at an accelerated pace in 2023, given the high interest of Romanians in opening a franchise business. Thus, in the first quarter of the year, approximately 30% more franchises were opened in Romania than in the first quarter of 2022, according to Franchwise, the largest consulting company in the field of franchises in Romania. […]

MetaWealth, the Fintech startup with offices in Bucharest, Dublin and Toronto, has sold its first real estate asset to 153 retail investors from Romania, Cyprus, Austria, Switzerland, the UK, Denmark, Belgium, the Netherlands, the Czech Republic, Canada, Sweden, and Greece, for a combined value of USD 2.14 million. The sale, achieved in record time since MetaWealth first launched across the […]

The European Investment Fund (EIF) has signed a €5 million loan to Patria Bank, a Romanian lender specialised in financing small and microentrepreneurs with limited access to finance. The Tier II subordinated loan transaction, backed by InvestEU, will help strengthen Patria Bank’s capital position, thus facilitating further growth and development, with the ultimate goal of improving access to finance for […]

Revolut, the global financial superapp with more than 28 million customers worldwide and 2.7 million in Romania, is taking another step forward toward its mission of bringing customers the best financial products and services to manage their money. Revolut is on a mission to build the ultimate crypto offering, with regular features, products, and courses being added to the financial […]

Profluo, a startup that builds machine learning technology for the automatic processing of accounting documents, has reached a total investment of €625,000 less than a year after completing its first seed round. Along with Early Game Ventures, the main VC investor, a series of angel investors recently joined, including Bogdan Stanciu and Andreea Pipernea from the Bravva Angels community and […]