Venture capital, M&A and funding-related news

1. Romanian startup AMSIMCEL, a GPU-Powered physical verification framework with high-performance computing capabilities attracts €4.8M blended financing through the European Innovation Council Accelerator (link).

2. Alsendo, a company which offers technology solutions and delivery services for retailers, backed by the private equity fund Abris Capital Partners, acquired a majority stake in Innoship, a Romanian SaaS startup (link).

3. OutThink, a London-based human risk management startup, founded by Romanian Flavius ​​Pleșu, raised a $10M seed round led by AlbionVC. Gapminder, TriplePoint Capital, Forward Partners and Innovate UK also have contributed (link).
4. FoodKit, a Romanian ready-to-eat meal startup, has received €1M investment from Vendeavor fund from the Czech Republic (link).

Meme break – let’s not take ourselves too serious 

 News related to programs and events

5. Visa has launched a program for creative entrepreneurs: the Visa Ready Creator Commerce program will connect ecosystem partners to integrate tools like faster payments and rewards on platforms dedicated to creative entrepreneurs (link). 

6. SeedBlink and Bucharest International School of Management launched a learning program dedicated to early stage investors. Tech Investors Academy will have 3 courses and a live event in December (link).

7. The 10th edition of ITDays, a regional conference in Cluj-Napoca, Romania that focuses on innovation, entrepreneurship and technologies in the IT space, will be organized between November 9-10 (link).

8. Eleven Ventures, the Bulgarian venture capital firm focused on pre-seed and seed investing in South Eastern Europe, announced the launch of Eleven Alpha – a three-month program geared towards outstanding entrepreneurs in the earliest days of their endeavors (link).

 Various news related to startups

9. Sezamo, the online supermarket, part of the European Rohlik Group, has launched its e-groceries services for the general public, in Bucharest and part of Ilfov county, following an investment of €6M (link).

10. Starting from October, the Bill Payment service becomes available in the 24pay application, known until now as a digital payment solution for public transport developed by the company PTP Online and owned by PayPoint Romania (link).

11. The artificial intelligence-based voice recognition technology for the Romanian language developed by the Romanian startup Vatis Tech, announced the launch of new transcription models for difficult domains, with very specific terms (link).

12. The Dr. Leahu Dental Clinics network launches DentalVerse, a local mobile application that digitizes the patient’s interaction with the dentist. The platform integrates functionalities that simplify and streamline the processes and the experience before and after accessing dental services (link).

13. Chromosome Dynamics, a high-tech Romanian entrepreneurial company, announces the launch of SpellBOX Lite, a mobile application for diagnosing plant diseases, pests, deficiencies and phytotoxicity, in order to support successful agriculture, both in Romania and internationally (link).

 Other news in the ecosystem

14. Patronatul Tinerilor Întreprinzători din România, in partnership with the National Trade Union Bloc, implements the DigiL@b+ project between October 2022 and December 2023. The program is developed in collaboration with Google Atelierul Digital and aims to improve the digital skills of employees (link).

Cheers

from Andrea, Denisa, Adrian, Ela and Mircea (Activize team)