January 30 (SeeNews) - The value of investments attracted by Romanian startups rose to 101.7 million euro ($110.7 million) last year, putting the country in the fifth-highest position for startup investments in Central and Eastern Europe, startup events organiser How to Web and multinational audit company KPMG said on Monday.
Romanian startups attracted 73 investments last year, compared to 71 investments totalling 91.4 million euro in 2021, How to Web and KPMG said in a joint press release.
The top three investments of 2022 were attracted by software startups Druid, Digitail, and Bware Labs, together amounting to almost 30% of last year's total volume. The volume of investments made in Romanian startups has increased 12 times over the course of the last six years, the report showed.
"Venture deals involving Romanian startups stood up to 2022's strong headwinds coming from the global tech scene and the global economy in general. Coming out of 2022 we see strong signals that deals involving Romania-born startups can actually turn into a much-wanted bet in one’s portfolio, to say the least," said CEO of How to Web, Alexandru Agatinei.