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

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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 Venturebeat.com.

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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 Imobiliare.ro 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.

Read more at Venturebeat.com