These are the investors for our first round, which we will invest in 2018 in Iași tech startups with 10x potential. In autumn 2018 we will raise capital for a subsequent round for 2019.
For 2018, we went with a community approach and have raised our capital from private individuals, mostly from the local IT community. We’ve raised 150.000 from 20 investors, none of whom has more than 10% of the total.
All the money is private and we are unencumbered by the bureaucracy that comes with governmental or EU money.
Angel investors. We’re also lining up a network of angel investors, willing to consider specific startups that we will bring to them. Our initial investment is pre-seed/seed and will likely be, for 2018, less than 30k/startup. Angel investors may invest more in startups that reach their expectations.
Once startups enrolled in our acceleration program reach a level of maturity and performance we are happy with, we will take them to the angel investors with whom we think they may be a match.
The 2018 fund investors: