TechAngels stepped up investments in 2024 with an almost threefold surge in the second half of the year

• UR 2,757,000 direct investments* in tech startups in H2 2024, almost triple the H1 amount. Annual investments amounted to EUR 3.777 million
• 28% of the members invested in new startups in their personal portfolio, while 26% chose follow-on investments.
• 50% of TechAngels members made at least one investment in 2024.
• More than 200 local startups underwent screening throughout the year, with around 90 companies making pitches in weekly meetings.
• 25-to-30 new startups joined the TechAngels members’ aggregated portfolio
• Investment intentions stay relatively constant, albeit more cautiously 60% of investors say IT industry regulations and the overall social climate will have a significant impact on their investment decisions.

Investors in the TechAngels group, Romania’s most experienced angel investor network, saw an almost threefold rise in their investments in H2 2024 to reach EUR 2.757 million in direct investments in tech startups. The investments for the entire 2024 therefore amounted to EUR 3.777 million, a 25% YOY increase.

“2024 was a year of growth for TechAngels, reflecting both the potential of Romanian entrepreneurs and the investors’ determination to support the tech ecosystem. This is a decisive moment where innovation, global connectivity, and a free market have proven their strategic value”, says Marius Istrate, President, TechAngels.

The rounds backed by TechAngels investors targeted new startups in the individual portfolios (28% of the members), as well as follow-on investments in the startups already in their portfolios (26% of the members). Estimates show that, in 2024, approximately 26-to-30 startups from various industries joined the investor network’s consolidated portfolio consisting of more than 240 startups. 50% of the investors chose not to invest in 2024.

Throughout the year, more than 200 local startups were reviewed by the network’s members, including 116 on the in-house platform, with around 90 of those presenting pitches in weekly meetings. HealthTech solutions ranked first with 14.66% of the assessed startups, followed by FinTech (12.93%), Proptech (10.34%), EdTech (8.82%), and mobility solutions (6.90%), which shows robust diversity among local solutions.

2025: Investing more cautiously

According to an internal survey, 75% of the investors plan to continue investing, while approximately 25% said they would take a break from investments, less than the previous year. However, 60% of the members believe that tax regulations and social climate may influence their decisions, which suggests a more cautious approach in 2025.

“We will continue strengthening the entrepreneur and investor community by promoting unity, democracy and the impact of private capital. We take on the mission to help create 10 Romanian unicorn companies in the next decade, turning Romania into a globally acknowledged innovation hub,” added Marius Istrate.

photo credits Techangels Romania | Facebook