Business Review: Romanian startups and scaleups that raised capital during pandemic times

Some venture capital firms and business angels are looking to the new trends that have come up and invest in Romanian tech startups and scaleups. Here are the most important investments closed by Romanian founders during the pandemic times. We hope next teams will continue to develop in a post-coronavirus world, according to

SanoPass: 400.000 euro (Cleverage Venture Capital, Founders Bridge, SeedBlink)

SanoPass, a Romanian start-up that aggregates independent medical service providers to sell preventive medical packages to firms, has raised 400,000 euro just at the beginning of the lockdown for 20% from the company. The  financing round is mixed, with venture capital investors (Cleverage Venture Capital and Founders Bridge) and equity crowdfunding (SeedBlink). The transactions valued SanoPass at 2 million euro.

SanoPass is a Romanian startup founded in 2019 which addresses companies and issues preventive medical subscriptions offered by employers as benefits for employees at over 600 independent clinics and medical offices.


Telios: 200,000 dollars (Transylvania Angels Network, Growceanu, TechAngels)

Telios, a telemedicine scaleup, closed an investment round of 200,000 dollars from three of the most important angel networks in Romania Transylvania Angels Network, Growceanu and TechAngels Romania.

Telios services are covering a large and very diverse number of patients, from white-collar managers to blue-collar workers, who all need protection from COVID-19 and healthcare services delivered remotely in order to keep the economy going during the current crisis.


Gumzzz: 100,000 euros (Stelian Bogza, business angel)

Romanian startup Gumzzz, that provides patients around the world with options to access dental services and packages from different countries, has closed a first round of financing of 100,000 euros from angel investor Stelian Bogza, co-founder at BenefitOnline.

Behind the Gumzzz solution is a team of 15 people, consisting of programmers, marketers and dentists. The company is run by Vlad Șuteu, an entrepreneur from Cluj-Napoca, who returned to Romania after 9 years spent studying and in companies in Great Britain and Denmark.


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