Fortech launches investment branch to finance Romanian startups
Fortech Investments supports young startups, but also experienced entrepreneurs, offering them capital, partnerships and smart-money. In the coming years, it targets at least 15 capital investments.
Fortech Investments is the new investment arm of Fortech, the Romanian company that has been offering outsourcing services for software development for almost 20 years. The new branch wants to support startups in any stage of development to achieve their business objectives, supporting them in four different directions: Venture Capital, Joint Venture, Mergers & Acquisitions and Product and Business Development.
In the next 2-3 years, Fortech Investments plans to invest capital in over 15 tech startups and conclude at least 3-4 Joint Venture partnerships, especially in areas such as Health, Finance, Education, Transportation or Production.
In recent years, the Romanian startup ecosystem has grown enormously, making it obvious that talent and knowledge exist everywhere, especially outside large companies. That’s why Fortech Investments wants to give founders the resources they need for the success of their business at the right time.
Fortech Investments not only offers capital, like most investment funds, but also the option of product and business development for ideas with potential or to become partners with specialists from different fields who want to start a business.
“Startups and entrepreneurs now have much more diverse needs. Therefore, we operate in four different directions, depending on the degree of involvement and maturity of companies and entrepreneurs. We want to create products internally, but also to help others turn their vision into reality, in the form of Joint Venture partnerships. Here we complete the list of needs and capabilities with smart-money, specialists or consulting in various areas “, says Valentin Filip, Managing Director Product Investments.
“For startups we have two rounds of financing ꟷ Pre-Seed or Seed ꟷ or we offer them the exit option and we receive them within Fortech Group, where they will be able to focus, as they should, on the needs of their business, without to take care of resources, people or limited time “, continues Valentin Filip.
Entrepreneurs who already know the industry in which they work and the needs of the market can also turn to Fortech Investments for a Joint-Venture partnership, where their time, knowledge and professional network can be used efficiently, while the company completes the list of capabilities. with capital, software development, recruitment or marketing and sales, as needed.
“If you have not yet taken the step towards entrepreneurship, but you have an idea you believe in, Fortech Investments can validate it and then we can turn it together into a successful product and business”, Valentin Filip urges Romanian entrepreneurs looking for to develop their start-ups.