Gapminder VC

Gapminder Venture Partners BV is a venture capital firm established in 2017 and headquartered in Romania, focusing on early-stage investments in Pre-Seed, Seed, and Series A rounds. The firm targets innovative startups in sectors such as IT software and services, SaaS, machine learning, artificial intelligence, cybersecurity, digital transformation, healthcare IT, and fintech. Gapminder primarily invests in Romania and other countries in Eastern and Central Europe, aiming to support disruptive innovations that generate positive societal impacts. The firm leverages its team's background and experience to create value within the region, emphasizing a commitment to fostering bold initiatives that push boundaries in technology and business.

Cristian Dascalu

Partner

Robert Herscovici

Investment Director

Dan Mihaescu

Founding Partner

Cosmin Ochisor

Partner

Sergiu Rosca

Founding Partner

Alexandru Ruff

Partner

43 past transactions

Synaptiq

Venture Round in 2023
Synaptiq.io is a developer of a technology platform that provides solutions for improving the quality of medical services. The company's platform provides deep learning pipelines to aid in the diagnosis, and workflow integration via telemedicine apps to facilitate the curative process, expertise, and flexibility to develop software tailored to clients' needs, personalized analytics, rigorous testing, and standard medical analytics.

Machinations

Series A in 2022
Machinations SARL, based in Luxembourg, offers a browser-based platform designed for the creation, balancing, and simulation of game systems. The platform utilizes a standardized design language, allowing clients to construct intricate systems effectively. It provides powerful features that enable users to conduct multiple stochastic simulations, helping to minimize uncertainty and better predict player outcomes. This focus on precise modeling and simulation aids game developers in optimizing their designs and improving overall gameplay experiences.

Cyscale

Seed Round in 2022
Cyscale Systems SRL, founded in 2018 and based in Cluj-Napoca, Romania, specializes in developing software solutions focused on enterprise cybersecurity and cloud security management. The company provides tools for managing security and compliance across multiple cloud environments, including AWS, Azure, and Google Cloud, along with support for other platforms like OpenStack and IBM Cloud. Cyscale's offerings enable users to design and deploy cloud infrastructure securely and efficiently, ensuring continuous regulatory compliance while providing cost transparency. The platform features scalable products that assist clients in integrating security into their existing cloud setups, utilizing standardized APIs to protect applications and data.

Druid

Series A in 2022
Druid S.A. is a technology company based in Bucharest, Romania, specializing in an AI-powered chatbot authoring platform that enables the creation, configuration, and deployment of natural interactions across various channels, including text and voice. Founded in 2018, Druid's platform is designed for both professional developers and citizen developers, allowing users to build chatbots that can automate a wide range of business processes. The platform features a proprietary Natural Language Understanding engine that accurately interprets user intents and sentiment, along with a Connector Designer that integrates seamlessly with enterprise applications. Druid caters to diverse sectors, including sales, banking, insurance, healthcare, human resources, and customer service, providing ready-made chatbots equipped with conversational skills to enhance operational efficiency.

AMSIMCEL

Convertible Note in 2022
Developer of computing software intended to speed up the process of physical verification of integrated circuits (ICs). The company researches and creates technologies and software that integrate advanced parallel computing, accelerate machine simulations, and automate circuit verification, enabling clients to ramp up their IC design and verification process, deliver custom IP, and ensure bug-free silicon.

XVision

Seed Round in 2022
XVision is an automated x-ray analysis application that assists radiologists by providing accurate interpretations of medical images

Frisbo

Seed Round in 2021
Frisbo is a leading e-fulfillment platform in Europe that connects online retailers with a network of reliable fulfillment operators and logistics providers. The company specializes in automating logistics processes, allowing e-commerce businesses to efficiently manage storage, order processing, invoicing, and delivery. By streamlining these operations, Frisbo enables sellers to deliver orders to customers more quickly and cost-effectively, facilitating seamless cross-border transactions. Additionally, the platform provides users with valuable insights through aggregate data and reports on store performance, orders, returns, and inventory management, allowing businesses to focus on sales growth while simplifying their logistics.

Undelucram

Seed Round in 2021
Operator of an online employees community intended to offer transparent reviews and information on the work environment. The company's community offers employee reviews about companies, and salary information and provides assistance in preparing for an interview and also offers employer branding and recruiting assistance, enabling candidates to find useful news and information about the companies they want to work in and interact with existing and former employees.

FintechOS

Series B in 2021
FintechOS SRL is a Romanian company that develops an artificial intelligence-enabled platform tailored for financial institutions, focusing on digital transformation. Founded in 2017 and headquartered in Bucharest, the company offers a comprehensive open-cloud, omni-channel orchestration platform that includes applications such as Digital Experience Portal, Digital Customer 360, and Digital Product Factory. These tools are designed to enhance customer experiences for banking and insurance firms. Additionally, FintechOS provides the FintechOS Academy, which offers e-learning solutions to support ongoing education and skills development. By leveraging advanced technologies and a hybrid agile methodology, FintechOS enables rapid and cost-effective digital transformation for its clients, facilitating the delivery of personalized services that meet modern consumer demands.

Finqware

Seed Round in 2021
Finqware is a technology company based in Bucharest, Romania, that develops an interface aggregation platform aimed at connecting businesses, fintechs, and financial service providers. Its product is an API middleware platform that serves as a single point of contact for accessing real-time multi-banking financial data. By leveraging PSD2 APIs from banks and custom data exposure APIs, Finqware enriches financial data and provides it to various tenants, allowing them to build frontend applications and services. This infrastructure enables organizations to enhance user onboarding for financial products, facilitate access to bank accounts, and initiate payments. Additionally, Finqware contributes to cross-border financial marketplaces by creating new revenue streams through commissions on financial product sales, thereby expanding the distribution reach of banks and financial providers.

Druid

Series A in 2021
Druid S.A. is a technology company based in Bucharest, Romania, specializing in an AI-powered chatbot authoring platform that enables the creation, configuration, and deployment of natural interactions across various channels, including text and voice. Founded in 2018, Druid's platform is designed for both professional developers and citizen developers, allowing users to build chatbots that can automate a wide range of business processes. The platform features a proprietary Natural Language Understanding engine that accurately interprets user intents and sentiment, along with a Connector Designer that integrates seamlessly with enterprise applications. Druid caters to diverse sectors, including sales, banking, insurance, healthcare, human resources, and customer service, providing ready-made chatbots equipped with conversational skills to enhance operational efficiency.

Apiary Book

Seed Round in 2020
Apiary Book is a Romanian company that develops a mobile application designed for the management of apiaries. The application enables beekeepers, particularly beginners and hobbyists, to record essential information regarding the number, health, and maintenance of bee colonies. It allows users to document treatments, colony movements, and harvest details, facilitating informed decision-making to enhance productivity and reduce losses from pests, diseases, and pesticides. By providing a comprehensive platform for data collection and analysis, Apiary Book aims to support beekeepers in monitoring both their colonies and environmental factors that impact bee health. The company positions beekeepers as crucial to the protection of global bee populations and seeks to address the challenges faced in modern apiculture.

Veridion

Seed Round in 2020
Search engine for businesses and business data

Cartloop

Pre Seed Round in 2020
Cartloop operates a conversational text marketing platform that enhances customer relationships for brands. By providing a personalized mobile messaging channel, Cartloop allows brands to automate and personalize interactions with customers. This platform effectively processes customer inquiries, enabling brands to respond instantly without overwhelming support teams with increased ticket volumes. The focus on personalized communication improves the overall shopping experience, making it easier for customers to connect with brands and receive timely assistance.

Cyscale

Pre Seed Round in 2020
Cyscale Systems SRL, founded in 2018 and based in Cluj-Napoca, Romania, specializes in developing software solutions focused on enterprise cybersecurity and cloud security management. The company provides tools for managing security and compliance across multiple cloud environments, including AWS, Azure, and Google Cloud, along with support for other platforms like OpenStack and IBM Cloud. Cyscale's offerings enable users to design and deploy cloud infrastructure securely and efficiently, ensuring continuous regulatory compliance while providing cost transparency. The platform features scalable products that assist clients in integrating security into their existing cloud setups, utilizing standardized APIs to protect applications and data.

Cyscale

Pre Seed Round in 2020
Cyscale Systems SRL, founded in 2018 and based in Cluj-Napoca, Romania, specializes in developing software solutions focused on enterprise cybersecurity and cloud security management. The company provides tools for managing security and compliance across multiple cloud environments, including AWS, Azure, and Google Cloud, along with support for other platforms like OpenStack and IBM Cloud. Cyscale's offerings enable users to design and deploy cloud infrastructure securely and efficiently, ensuring continuous regulatory compliance while providing cost transparency. The platform features scalable products that assist clients in integrating security into their existing cloud setups, utilizing standardized APIs to protect applications and data.

SecurifAI

Private Equity Round in 2020
SecurifAI develop AI systems for real-time video analysis in order to detect suspect behavior, potential attacks, and deliver timely alerts.

Innoship

Seed Round in 2020
Innoship Technology SRL designs and develops Innoship, a SaaS (software as a service) platform for retailers that helps to optimize the delivery of the orders received. The company's solution provides services, such as automatic order allocation, automatic and manual label generation, tracking of order, real time analytics, and returns management. Innoship Technology SRL was founded in 2019 and is based in Bucharest, Romania.

Machinations

Seed Round in 2020
Machinations SARL, based in Luxembourg, offers a browser-based platform designed for the creation, balancing, and simulation of game systems. The platform utilizes a standardized design language, allowing clients to construct intricate systems effectively. It provides powerful features that enable users to conduct multiple stochastic simulations, helping to minimize uncertainty and better predict player outcomes. This focus on precise modeling and simulation aids game developers in optimizing their designs and improving overall gameplay experiences.

XVision

Seed Round in 2020
XVision is an automated x-ray analysis application that assists radiologists by providing accurate interpretations of medical images

Cyscale

Convertible Note in 2020
Cyscale Systems SRL, founded in 2018 and based in Cluj-Napoca, Romania, specializes in developing software solutions focused on enterprise cybersecurity and cloud security management. The company provides tools for managing security and compliance across multiple cloud environments, including AWS, Azure, and Google Cloud, along with support for other platforms like OpenStack and IBM Cloud. Cyscale's offerings enable users to design and deploy cloud infrastructure securely and efficiently, ensuring continuous regulatory compliance while providing cost transparency. The platform features scalable products that assist clients in integrating security into their existing cloud setups, utilizing standardized APIs to protect applications and data.

Ialoc

Pre Seed Round in 2020
IALOC SRL is a Bucharest-based company established in 2017 that specializes in developing software solutions for managing online bookings and business phone calls. The company's mobile application allows users to make reservations at a variety of dining establishments, including restaurants, bars, cafes, and teahouses. Users can customize their search by applying filters such as type of restaurant, cuisine, date and time, number of guests, and location, enabling them to easily secure their preferred dining options throughout major Romanian cities like Bucharest, Cluj, Timisoara, and Brasov.

TypingDNA

Series A in 2020
TypingDNA, Inc. is a company specializing in typing biometrics authentication solutions, enabling secure user identification based on individual typing patterns. Founded in 2016 and headquartered in Brooklyn, New York, with additional operations in Oradea and Bucharest, Romania, TypingDNA offers a range of services aimed at enhancing security for various sectors, including financial services and education. Its key products include an Authentication API that verifies keystroke patterns against previously recorded data, as well as Continuous Authentication, which monitors typing dynamics to ensure ongoing user verification. The company's technology facilitates both two-factor and multi-factor authentication, providing a frictionless experience for users while effectively preventing fraud. TypingDNA’s innovative approach allows organizations to secure their applications, eLearning platforms, and payment systems without compromising user experience.

Medicai

Venture Round in 2019
Medicai is a technology startup focused on transforming the collaboration between multidisciplinary medical teams and patients through an online platform. It has developed a cloud-based medical imaging infrastructure that facilitates next-generation workflows. The platform allows access to patient documentation and imaging archives, enabling medical teams to share documents and communicate specific cases directly within the system. This approach eliminates the need for downloading patient documentation, promoting efficient and connected collaboration between patients and healthcare professionals. By streamlining communication and documentation sharing, Medicai aims to enhance the overall healthcare experience for both patients and medical teams.

FintechOS

Series A in 2019
FintechOS SRL is a Romanian company that develops an artificial intelligence-enabled platform tailored for financial institutions, focusing on digital transformation. Founded in 2017 and headquartered in Bucharest, the company offers a comprehensive open-cloud, omni-channel orchestration platform that includes applications such as Digital Experience Portal, Digital Customer 360, and Digital Product Factory. These tools are designed to enhance customer experiences for banking and insurance firms. Additionally, FintechOS provides the FintechOS Academy, which offers e-learning solutions to support ongoing education and skills development. By leveraging advanced technologies and a hybrid agile methodology, FintechOS enables rapid and cost-effective digital transformation for its clients, facilitating the delivery of personalized services that meet modern consumer demands.

Beez

Seed Round in 2019
Beez Software SRL operates a mobile application designed to help online shoppers save money and manage their purchases more effectively. Founded in 2018 and based in Alba Iulia, Romania, with an additional office in Cluj-Napoca, the application offers a unique financing solution that bypasses traditional banking methods. Users can finance their online shopping without incurring interest, late fees, or commissions by receiving a wholesale discount from retailers. Beez provides a seamless experience where users can set up savings accounts for cash back earned on transactions and pay back the retailers within 60 days. This approach not only benefits consumers by allowing them to avoid high credit card interest rates but also assists retailers by increasing sales and customer loyalty. The platform aims to promote healthier financial habits among users, helping them overcome detrimental spending patterns while facilitating savings through automated solutions.

Frisbo

Venture Round in 2019
Frisbo is a leading e-fulfillment platform in Europe that connects online retailers with a network of reliable fulfillment operators and logistics providers. The company specializes in automating logistics processes, allowing e-commerce businesses to efficiently manage storage, order processing, invoicing, and delivery. By streamlining these operations, Frisbo enables sellers to deliver orders to customers more quickly and cost-effectively, facilitating seamless cross-border transactions. Additionally, the platform provides users with valuable insights through aggregate data and reports on store performance, orders, returns, and inventory management, allowing businesses to focus on sales growth while simplifying their logistics.

Cyscale

Pre Seed Round in 2019
Cyscale Systems SRL, founded in 2018 and based in Cluj-Napoca, Romania, specializes in developing software solutions focused on enterprise cybersecurity and cloud security management. The company provides tools for managing security and compliance across multiple cloud environments, including AWS, Azure, and Google Cloud, along with support for other platforms like OpenStack and IBM Cloud. Cyscale's offerings enable users to design and deploy cloud infrastructure securely and efficiently, ensuring continuous regulatory compliance while providing cost transparency. The platform features scalable products that assist clients in integrating security into their existing cloud setups, utilizing standardized APIs to protect applications and data.

Medijobs

Seed Round in 2019
MEDIjobs is the fastest growing career marketplace for healthcare professionals. Our mission is to positively impact healthcare industry as a whole by helping doctors and nurses navigate through their careers successfully. We are experts at building digital communities for healthcare professionals and we help them develop professionally through career resources, access to medical events or by matching them with relevant employers who are interested in hiring them. We work with 150+ active customers from EU and US and our offices are in Bucharest, ROMANIA & New York City, NY.

Finqware

Pre Seed Round in 2019
Finqware is a technology company based in Bucharest, Romania, that develops an interface aggregation platform aimed at connecting businesses, fintechs, and financial service providers. Its product is an API middleware platform that serves as a single point of contact for accessing real-time multi-banking financial data. By leveraging PSD2 APIs from banks and custom data exposure APIs, Finqware enriches financial data and provides it to various tenants, allowing them to build frontend applications and services. This infrastructure enables organizations to enhance user onboarding for financial products, facilitate access to bank accounts, and initiate payments. Additionally, Finqware contributes to cross-border financial marketplaces by creating new revenue streams through commissions on financial product sales, thereby expanding the distribution reach of banks and financial providers.

Feexers

Pre Seed Round in 2019
Feexers is a mobile application designed to connect homeowners with skilled professionals for various home services. Users can post job requests through the app, which then notifies registered service providers, known as "Pros," who can bid on the tasks. Homeowners can evaluate offers based on price, ratings, experience, and reviews before selecting a professional to complete the job. The platform facilitates secure payment processing between homeowners and service providers, ensuring a seamless transaction experience. Feexers aims to simplify the process of finding reliable help for everyday household tasks, offering services such as electrical repairs, plumbing, gas work, and interior design at competitive rates.

Confidas

Seed Round in 2019
Confidas is a provider of commercial risk analysis software aimed at assisting small and medium-sized enterprises (SMEs) in managing credit risk effectively. The company's platform offers comprehensive data on the credit history of both new and existing businesses, which enables users to monitor payment behaviors and report payment arrears from customers. Additionally, Confidas alerts clients to potential risks associated with bad-paying customers, allowing them to make informed decisions and avoid financial losses. Through these services, Confidas supports SMEs in ensuring timely payments and enhancing their overall financial health.

Beez

Seed Round in 2019
Beez Software SRL operates a mobile application designed to help online shoppers save money and manage their purchases more effectively. Founded in 2018 and based in Alba Iulia, Romania, with an additional office in Cluj-Napoca, the application offers a unique financing solution that bypasses traditional banking methods. Users can finance their online shopping without incurring interest, late fees, or commissions by receiving a wholesale discount from retailers. Beez provides a seamless experience where users can set up savings accounts for cash back earned on transactions and pay back the retailers within 60 days. This approach not only benefits consumers by allowing them to avoid high credit card interest rates but also assists retailers by increasing sales and customer loyalty. The platform aims to promote healthier financial habits among users, helping them overcome detrimental spending patterns while facilitating savings through automated solutions.

Confidas

Seed Round in 2019
Confidas is a provider of commercial risk analysis software aimed at assisting small and medium-sized enterprises (SMEs) in managing credit risk effectively. The company's platform offers comprehensive data on the credit history of both new and existing businesses, which enables users to monitor payment behaviors and report payment arrears from customers. Additionally, Confidas alerts clients to potential risks associated with bad-paying customers, allowing them to make informed decisions and avoid financial losses. Through these services, Confidas supports SMEs in ensuring timely payments and enhancing their overall financial health.

XVision

Pre Seed Round in 2019
XVision is an automated x-ray analysis application that assists radiologists by providing accurate interpretations of medical images

FintechOS

Seed Round in 2019
FintechOS SRL is a Romanian company that develops an artificial intelligence-enabled platform tailored for financial institutions, focusing on digital transformation. Founded in 2017 and headquartered in Bucharest, the company offers a comprehensive open-cloud, omni-channel orchestration platform that includes applications such as Digital Experience Portal, Digital Customer 360, and Digital Product Factory. These tools are designed to enhance customer experiences for banking and insurance firms. Additionally, FintechOS provides the FintechOS Academy, which offers e-learning solutions to support ongoing education and skills development. By leveraging advanced technologies and a hybrid agile methodology, FintechOS enables rapid and cost-effective digital transformation for its clients, facilitating the delivery of personalized services that meet modern consumer demands.

Ialoc

Pre Seed Round in 2019
IALOC SRL is a Bucharest-based company established in 2017 that specializes in developing software solutions for managing online bookings and business phone calls. The company's mobile application allows users to make reservations at a variety of dining establishments, including restaurants, bars, cafes, and teahouses. Users can customize their search by applying filters such as type of restaurant, cuisine, date and time, number of guests, and location, enabling them to easily secure their preferred dining options throughout major Romanian cities like Bucharest, Cluj, Timisoara, and Brasov.

Beez

Pre Seed Round in 2018
Beez Software SRL operates a mobile application designed to help online shoppers save money and manage their purchases more effectively. Founded in 2018 and based in Alba Iulia, Romania, with an additional office in Cluj-Napoca, the application offers a unique financing solution that bypasses traditional banking methods. Users can finance their online shopping without incurring interest, late fees, or commissions by receiving a wholesale discount from retailers. Beez provides a seamless experience where users can set up savings accounts for cash back earned on transactions and pay back the retailers within 60 days. This approach not only benefits consumers by allowing them to avoid high credit card interest rates but also assists retailers by increasing sales and customer loyalty. The platform aims to promote healthier financial habits among users, helping them overcome detrimental spending patterns while facilitating savings through automated solutions.

Planable

Pre Seed Round in 2018
Planable makes the social media planning experience simple, fast and fun. The tool works like a live mock-up of the social feed, giving a familiar feel to both clients and social media managers. You can add posts, visualize how the social media feed will look, invite teammates and clients to collaborate in real time, receive quick feedback and get the posts approved. With Planable, the approval workflow is simple and fast.

FintechOS

Seed Round in 2018
FintechOS SRL is a Romanian company that develops an artificial intelligence-enabled platform tailored for financial institutions, focusing on digital transformation. Founded in 2017 and headquartered in Bucharest, the company offers a comprehensive open-cloud, omni-channel orchestration platform that includes applications such as Digital Experience Portal, Digital Customer 360, and Digital Product Factory. These tools are designed to enhance customer experiences for banking and insurance firms. Additionally, FintechOS provides the FintechOS Academy, which offers e-learning solutions to support ongoing education and skills development. By leveraging advanced technologies and a hybrid agile methodology, FintechOS enables rapid and cost-effective digital transformation for its clients, facilitating the delivery of personalized services that meet modern consumer demands.

SmartDreamers

Venture Round in 2018
SmartDreamers is a business application platform focused on recruitment marketing automation, serving as a central solution for companies seeking to enhance their hiring processes. By leveraging its technology, SmartDreamers helps organizations position themselves as employers of choice, enabling them to attract talent more effectively and efficiently. The platform facilitates connections between professionals and employers, streamlining the recruitment process and aiming to improve the speed, quality, and cost-effectiveness of hiring.

Apiary Book

Pre Seed Round in 2018
Apiary Book is a Romanian company that develops a mobile application designed for the management of apiaries. The application enables beekeepers, particularly beginners and hobbyists, to record essential information regarding the number, health, and maintenance of bee colonies. It allows users to document treatments, colony movements, and harvest details, facilitating informed decision-making to enhance productivity and reduce losses from pests, diseases, and pesticides. By providing a comprehensive platform for data collection and analysis, Apiary Book aims to support beekeepers in monitoring both their colonies and environmental factors that impact bee health. The company positions beekeepers as crucial to the protection of global bee populations and seeks to address the challenges faced in modern apiculture.
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