Matei Dumitrescu (in picture), a startup investor and Founder of the Institute of Excellence in Entrepreneurship (idEA), will join FRC as a Venture Partner for Romania.
FRC3 has already secured over €45 million at its first close, with a re-up rate exceeding 90%. Through this expansion, Romanian startups will gain direct access to FRC's Accelerator Programme, offering up to €300,000, and the Venture Capital Investment pathway, providing initial funding up to €1 million with potential follow-on investments up to €4 million.
“With FRC's new fund, we can provide not just venture capital, but also funding for the acceleration phase, bridging a long-standing gap in the ecosystem where early-stage startups had little to no access to capital,” said Dumitrescu.
With new bases in Bucharest, Ljubljana, and upcoming expansions in Tirana and Belgrade, FRC aims to support software startups focused on AI solutions for B2B marketplaces, supply chains, and SMB operations.
