Solidifying its position among the top 100 startup ecosystems globally, ranking 22nd regionally and 85th globally; Moldova's startup ecosystem is showcasing a period of dynamic growth and transformation. The venture capital landscape in Moldova is also showing promising signs of development, with projections by Statista indicating that the total capital raised in the venture capital market will reach US$4.66 million by 2025. This trend underscores the growing confidence in Moldova's startup potential and the increasing willingness of investors to support nascent ventures. In this article, we have compiled a comprehensive list of top VC Funds and Angel Investors in Moldova that can provide you with the capital and support to help you succeed!
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Venture Capitalist Funds in Moldova
The venture capital firms below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2017
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Dynamiq, Altris, Osavul, Esper Bionics, Carmoola, Instock
Year of Inception: 2012
Stage: Series A, Series B, Series C
Focus: Technology, B2B
Notable Portfolio: Bolt, Comodule, Estateguru, Agrovisio, Cabal App
Year of Inception: 1994
Stage: SME
Focus: Sector Agnostic
Notable Portfolio: Vitanta
Year of Inception: 2006
Stage: SME
Focus: Sector Agnostic
Notable Portfolio: Viseven, GoIT, Preply, Miratech, Ajax, Creatio
Year of Inception: -
Stage: SME
Focus: Sector Agnostic
Notable Portfolio: -
Angel Investors in Moldova
Angel investors may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Pre Seed, Seed
Focus: Technology
Notable Portfolio: Bloomcoding, Zeno Academy, EdooSitter, EasyPlan, DoctorChat
Stage: Pre Seed, Seed
Focus: Sector Agnostic
Notable Portfolio: -
Closing Thoughts on VCs and Angel Investors in Moldova
For entrepreneurs seeking funding, this evolving ecosystem presents unique opportunities, particularly in sectors such as sustainability, social impact, and technology-driven solutions. The country's strategic location, coupled with its young, tech-savvy population and improving regulatory framework, makes it an attractive destination for both local and international investors looking to capitalize on emerging market opportunities in Eastern Europe.
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Frequently Asked Questions on VCs and Angel Investors in Moldova
What is the current state of Moldova's venture capital and angel investment market?
The venture capital market in Moldova has experienced a notable uptick, with 2024 marking a significant year for investments. Startups raised $7.9 million in 2024 alone, doubling the amount from the previous year. This funding supported 30 startups, with an average investment of $260,000 per startup, coming from various sources including grants, equity investments, and convertible loans. The investment landscape is diverse, with half of the funded startups receiving support from angel investors, and active participation from VC funds. Early-stage investments are projected to dominate the market, with an estimated volume of $3.57 million by 2025.
How does Moldova's startup ecosystem compare to other countries in the region?
While Moldova's startup ecosystem is still developing compared to some of its regional peers, its rapid growth, supportive government policies, and increasing international investments highlight its potential as an emerging hub worth watching in the CEE startup landscape. The country's startup scene has 82 startups registered in the Startup Moldova database, spanning various sectors including AgTech, InsureTech, and WineTech. The ecosystem is supported by a unique ecosystem that includes Europe's first e-park, the Moldova Innovation Technology Park (MITP), which offers startups a favorable 7% flat tax on revenue and access to a skilled IT workforce.
What are typical investment stages and funding amounts in Moldovan startups?
Pre-seed and seed stages often involve amounts ranging from €25,000 to €100,000 per deal. For instance, Mozaic, a Moldovan angel syndicate, invests within this range to support early-stage tech startups. As startups mature, they may secure larger funding rounds up to €2,000,000,
What industries attract Moldovan investors?
Industries attracting Moldovan investors include:
AgTech
InsurTech
HealthTech
EdTech
FinTech
MarTech
Ecommerce
PropTech
IT and Software Development
What resources are available for startups seeking investment in Moldova?
Startups can access resources through:
Startup Moldova Foundation: private non-profit organization that fosters the tech startup ecosystem
Startup Moldova Summit: An annual event connecting local startups with international experts, venture capitalists, and support organizations
Moldova IT Park: A virtual park established to support the IT industry
Mozaic platform for connecting startups and investors
Various incubators and accelerators operating in the country
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