Industry | 28 May, 2025 at 6:50 AM
EnduroSat lands major funding for "Made in Europe" satellites
Bulgarian NanoSat provider EnduroSat has announced the closure of a €43 million investment round, spearheaded by Founders Fund.
Bulgarian NanoSat provider EnduroSat has announced the closure of a €43 million investment round, spearheaded by Founders Fund.
GapMinder Fund II announced a €2 million seed investment in Salestools AI, supporting the company's vision to automate and enhance B2B sales processes through autonomous digital agents.
The InvestALIM program, designed to support the development of the food industry, will provide funding for 12 projects with a total investment value of over €300 million.
The European Investment Bank (EIB) Group's financial support for Romania is rapidly approaching a significant milestone.
Catalyst Romania led the funding round, with participation from SeedBlink and other private investors.
The authorities are preparing to launch more than 15 separate funding lines, with allocations ranging from €50,000 to more than €57M.
Fagura, the fintech platform that connects entrepreneurs and investors, announces a new €1 million funding round secured through convertible notes.
The BeeFast SaaS platform provides real-time visibility of delivery operations through an intuitive dispatcher tailored to the specific requirements of instant deliveries.
Each initiative benefits from funding between RON 230,000 and almost RON 270,000 and the projects are planned to be completed throughout 2025.
EIF signs agreements with seven banks to boost business competitiveness and sustainability.
European Industrial SMR Alliance selects newcleo as one of the projects to be supported.
With these resources, ELEC will develop its own software and integrate ridesharing, rent-a-car, and electric charging services into the same platform.
This year should be a much better year for tech startup funding, after 2023 was the worst in nearly a decade.
BCR recorded a net profit of RON 1.47 billion (€294 million) in H1 2025, a 12% increase from the same period last year. This performance was driven by an improved operational performance and a higher volume of customer business.
BRD-Groupe Société Générale has announced the appointment of Jean Pierre Georges Vigroux, an independent Board Member, as the Interim Chairman of its Board of Directors.
OMV Petrom registered a net profit of RON 2.08 billion (€419.7 million) in H1 2025, a 21% decrease compared to RON 2.62 billion (€528.2 million) in the same period last year.
The Romanian Ministry of Finance is conducting a new IPO for Fidelis government bonds, specifically for retail investors.
Bucharest recorded 8,639 insolvency cases between August 2024 and July 2025, which is a 32% increase compared to the previous 12-month period.