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Romanian software developer RebelDot launches venture capital branch

Author Tudor Popescu
Romanian software developer RebelDot launches venture capital branch Photo: RebelDot's Tudor Ciuleanu and Kocsis Andras

BUCHAREST (Romania), June 8 (SeeNews) - Romanian software developer RebelDot announced on Wednesday that it has launched its own venture capital branch, Rebel Ventures.

Rebel Ventures investment vehicle addresses early stage tech startups in the healthcare, telemedicine, green energy, fintech, as well as blockchain fields, RebelDot said in a press release.

"Through Rebel Ventures, we want to ensure that local start-ups have access to technical consultancy. This would be our contribution to the local tech community. At the same time, we do not rule out investments international start-ups that approach us and manage to capture our attention,"RebelDot CEO Tudor Ciuleanu said.

RebelDot is a Cluj-Napoca-based software development company, with a portfolio of over 50 projects from multiple industries. The company has been on the market for approximately four years and currently employs over 150 staff across its offices in Cluj-Napoca, Oradea, as well as in Copenhagen.

RebelDot has so far invested in several startups such as Eventmix, Visidot, UNL Global, Venture Rock and others.

Based on the latest data held by the finance ministry, RebelDot recorded a net profit of 2.9 million lei ($624,000/584,000 euro) in 2021, an increase over the previous year’s 756,000 lei. Its turnover in 2021 totalled at 24.4 million lei, more than double on the year.

(1 euro = 4.9456 Romanian lei)

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