Eight teams raised financing in Q1 2020 and 15 tech startups and scaleups closed and announced deals in Q2 2020 (first full quarter during pandemic times).
There are around 3700 tech startups in Romania, according to MY-GATEWAY, a project that focuses on three CEE countries: Romania, Slovenia and the Czech Republic. This figures confirm me some other estimations underlined recently:
Romania is no longer leading the “Balkan Countries Club,” after decreasing 10 spots to 38th, according to StartupBlink study. The capital, Bucharest, is still the only Romanian city ranked in the top 100 list, after dropping 7 locations to 97th. Cluj-Napoca, the 2nd ranked Romanian city, has decreased over a hundred positions and now ranks 245th, which is a disappointing result for a city with so much potential.