Let us begin with a quick recap of what happened in the Romanian startup ecosystem in 2020 – we saw 59 funding rounds taking place that amounted to €30.39M, according to How to Web’s Romanian Venture Report, thus facing a 6.18% growth, compared to 2019. When it comes to new startups, seed investments amounted to €21.87M, some 72% of the total investment, with first-time-raising startups receiving €13.92M. So far, investors have been heavily investing in already developed startups – the rounds of TypingDNA, Deepstash, and Soleadify are responsible for 35% of the total capital raised last year and 100% of all the international funding coming in Romanian startups. As new startups are now attracting more interest from local investors, we are left wondering how is this going to evolve in 2021 and what do the new players need?
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