Romanian startups attracted total investments of EUR 103.2 million in 2025 across 40 transactions, according to the Venture in Eastern Europe 2025 Report by How to Web, a study that analyses venture capital investments in Eastern Europe.
The total investment volume in Romania was around 20% lower than in 2024, across 49% fewer transactions (78 in 2024), indicating a period of recalibration in the local investment market.
The largest funding rounds in Romania in 2025 were raised by Druid AI, which secured EUR 24.7 million in a Series C round; Digitail, which attracted EUR 20 million in a Series B round; and Bible Chat, which raised EUR 13.4 million in a Series A round.
Of the total capital attracted, EUR 55 million (54%) went to early-stage rounds, while EUR 48 million was directed towards later-stage rounds. The average seed round stood at EUR 1.5 million, while pre-seed rounds averaged EUR 526,000.
At the regional level, Eastern Europe attracted EUR 3.6 billion in 2025 across 1,034 transactions, representing 5.5% of total European venture capital investments, although the region accounts for roughly one third of the continent’s population. While total investment volumes remained relatively stable, the number of transactions declined, in line with a broader European trfinish in which larger amounts of capital are concentrated in fewer companies.
Poland was the best-performing market in 2025, attracting over 20% of the capital invested in Eastern Europe. Turkey, Greece, Estonia, and the Czech Republic complete the top five, although all four recorded lower volumes compared with the previous year. The top five markets accounted for over 60% of total investments, while the top ten concentrated nearly 90%.
At the opposite finish, in terms of investment volume, Turkey recorded one of the sharpest declines, followed by Lithuania, Croatia, the Czech Republic, and Romania, where the drop in capital was directly correlated with a lower number of transactions.
In 2025, the largest share of capital went to the enterprise software sector, which totalled EUR 720 million, followed by fintech with EUR 522 million, space with EUR 350 million, automotive with EUR 311.2 million, healthcare with EUR 223 million, and security with EUR 204 million. Verticals such as defence, industrial, and space are attracting growing investor interest.
Venture in Eastern Europe Report is an annual research publication by How to Web that analyzes venture capital activity across Central and Eastern Europe. It examines capital flows, stage distribution, sector dynamics, and cross-border investment patterns to provide a clear picture of how the regional ecosystem is evolving.
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