Growceanu to invest up to EUR 1 million in 18 startups this year

Growceanu, a business angel group targeting startup investments, plans to invest up to EUR 1 million in 18 transactions this year.

In the first quarter of 2021, the group completed an investment round for Milluu, worth 75.000 EUR.

The group’s largest investment until now in Metabeta has been signed for 200.000 EUR, together with round two for Bright Spaces, amounting to 35.000 EUR.

In 2021, the founders invested 50.000 EUR of their own money in Growceanu, with the aim of developing the first angel investment platform in Romania.

Growceanu is a group of 17 business angels founded in 2018, interested in start-ups from PropTech, EdTech, SmartCity, Enterprise, Marketplaces, FinTech, and MedTech.

Currently, Growceanu’s portfolio includes investments amounting to 400.000 EUR in startups such as Bright Spaces, xVision, EmailTreeAI, Kinderpedia, Telios, Sitter, and Milluu.

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