Start-up hubs: in Bucharest, VC funding is scarce, and mentoring is not available

The capital of Romania is still looking to improve in terms of becoming an attractive start-up hub. Bucharest offers low costs, a good talent pool, and some acceleration programs. But VC funding is scarce, and mentoring is not available, says


Among its notable scaleups, there is Avangate, which provides eCommerce solutions and raised $7.5 million before being acquired by Francisco Partners VC in 2013. Online recruitment platform eJobs and online real-estate platform were both acquired by Ringier in 2015 and 2016 respectively.

Other local startups include TypingDNA, a typing biometrics company, 3D printing platform Symme3D, and Axosuits, which makes medical exoskeletons for people with disabilities.