Growceanu launches the first startup investment app in Romania

Growceanu, a business angel investment platform, launches the first investment app in Romania.

This facilitates the development of tech startup portfolios, eliminating all the hassle related to the administrative process.

Growceanu business angel platform targets transactions worth over 2.5M euros in 2022.

The app brings together all the information a business angel needs, from solid data regarding relevant startups to details about other investors’ interests and the investment round.

Growceanu currently works with 50 business angels, an increase of two-thirds over the end of last year.

Founded in 2018, the platform mainly targets startups in verticals such as PropTech, EdTech, SmartCity, Enterprise, Marketplaces, FinTech, and MedTech.

Until the end of last year, the Growceanu platform had facilitated transactions worth over 1 million euros.

This year, it has already closed transactions worth over 220.000 euros with Upgrade Academy, Sypher, Plateaway, and a follow-on round with EmailTree.

Additional transactions worth around 400.000 euros are well underway, with most already in the closing stage.

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