Members of TechAngels, Romania's leading angel investor network, have directly invested almost €1 million in startups during H1 2025.

According to an internal survey, approximately 28% of members made direct investments in startups. A significant portion of this investment was split between new companies and existing portfolio businesses. 

During H1 2025, TechAngels members evaluated 269 startups. More than half of these were in the AI and deep tech sectors, followed by health, human resources, fintech, and mobility, demonstrating a focus on emerging technologies.

Marius Istrate, Chairman of the TechAngels Board of Directors, said: “The results of the first half of the year show a balance between caution and boldness. In a complicated fiscal climate, we see investors who choose to support existing startups, but also an increasing openness to new companies, particularly in areas such as deep tech, AI, health, or defence. We believe this direction, alongside European efforts to accelerate technology, will create resources and opportunities for founders in the coming period.”

Specifically, 17% of investors backed new startups, accounting for about 43% of the total investments, while 12% preferred follow-on rounds, representing roughly 56% of the total volume.

Startups that received new funding during this period include Evopath, Finor, GapApp, and AnimaFelix, while follow-on rounds supported companies like Quarks Interactive, SalesOmmo, FieldOS, and FoodFix. 

The investment intentions for H2 2025 are optimistic, exceeding €2.5 million, which is more than double the amount from H1. This trend mirrors the dynamic seen in 2024, when second-half investments nearly doubled those of the first six months.