The largest funding rounds were secured by Druid AI with €27.5 million (Series C) for enterprise software, Digitail with €20 million (Series B) for veterinary software, and Bible Chat with €13.4 million (Series A) for an AI-based app for the Christian community. Out of the total capital raised, €55 million was allocated to early-stage rounds, while €48 million went to later-stage investments.

"Romania's startup scene has grown over the past few years in terms of founders, early-stage capital, and ambition," says Alexandru Agatinei, CEO of How to Web. "What the 2025 capital graduation is revealing, through a ratio of just 28%, is that the wave of bets placed between 2020 and 2024 hasn't yet translated into the follow-on rounds that would signal real maturity."

At the regional level, Eastern Europe attracted €3.6 billion in 2025 across 1,034 transactions, accounting for 5.5% of total European venture capital investment. Polish startups were the strongest performers, attracting more than 20% of all venture capital invested across Eastern Europe. Turkey, Greece, Estonia, and the Czech Republic followed, although all four recorded lower volumes compared to 2024.

The sectors attracting the highest percentage of capital in 2025 were Enterprise Software (€720 million), Fintech (€522 million), Space (€350 million), Automotive (€311.2 million), Healthcare (€223 million), and Security (€204 million). Early-stage funding accounted for 43% of total invested capital, while later-stage rounds accounted for 57%.