In 2021 the Romanian venture capital market broke the €100M barrier of venture deals for the first time in the post-UiPath era.
The volume of capital raised in 2021 by Romanian startups has more than tripled compared to the previous year, going from €30M in 2020 to more than €116M in 2021.
Looking at the European level, the overall venture capital volume in 2021 passed €100Bn, a nearly 3x growth compared to 2020 levels.
In 2021, How To Web, tracked 71 transactions, adding to a total investment volume of €116.94M.
The biggest investment of the year was FintechOS €51M Series B round, which made the Bucharest-based fintech startup reach a valuation of $220M.
Even excluding the FintechOS round, the total volume grew by 7x from the €8.24M volume of 2017.
The average size of the first investment rounds has also grown on the Romanian market by 88.8%, from €357k in 2020 to €647k in 2021.
Notable in regards to 2021’s seed stage transactions is their overall volume doubling in size from €21.87M in 2020 to €47.37M in 2021.