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Gapminder VC

Europe, Bucuresti, Romania, Bucharest

Description

Gapminder VC is a leading early-stage venture capital fund headquartered in Bucharest, Romania, with a strategic focus on the burgeoning technology ecosystems of Romania and Central Eastern Europe. The firm primarily targets IT software and services startups that demonstrate strong potential for global scalability. Their investment mandate is centered on Seed and Series A rounds, identifying companies with innovative solutions and ambitious teams ready to expand beyond their local markets.

The fund's investment thesis emphasizes supporting companies that can leverage the region's talent pool and competitive advantages to build world-class products. Gapminder VC has successfully raised and deployed capital across multiple funds, underscoring its commitment to the CEE tech landscape. Their first fund, GapMinder Fund I, had a total size of EUR 45 million. Building on this success, the firm launched its second and current fund, GapMinder Fund II, which closed at EUR 80 million in 2023, significantly increasing their capacity to back promising ventures.

Gapminder VC typically provides initial investment tickets ranging from EUR 200,000 to EUR 2.5 million, catering to the capital needs of startups in their critical early growth phases. Beyond financial investment, the firm prides itself on offering hands-on support, strategic guidance, and access to an extensive network of industry experts and potential partners. This comprehensive approach aims to accelerate the development of their portfolio companies, helping them navigate challenges and achieve their global aspirations.

Investor Profile

Gapminder VC has backed more than 54 startups, with 3 new investments in the last 12 months alone. The firm has led 28 rounds, about 52% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Pre Seed, Series A rounds (top funding stages).
  • Majority of deals are located in Romania, United Kingdom, United States.
  • Strong thematic focus on Software, Artificial Intelligence (AI), Information Technology.
  • Led 3 rounds in the past year.
  • Typical check size: $216K – $2.7M.

Stage Focus

  • Seed (52%)
  • Pre Seed (28%)
  • Series A (9%)
  • Series B (6%)
  • Series Unknown (6%)

Country Focus

  • Romania (61%)
  • United Kingdom (26%)
  • United States (9%)
  • Luxembourg (4%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • Information Technology
  • Fintech
  • Enterprise Software
  • Saas
  • Machine Learning
  • Financial Services
  • E-commerce
  • Health Care
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Gapminder VC frequently co-invest with?

Roca X
Europe, Bucuresti, Romania, Bucharest
Co-Investments: 7
Gecad Ventures
Europe, Bucuresti, Romania, Bucharest
Co-Investments: 3
Karma Ventures
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 2
bValue Fund
Europe, Mazowieckie, Poland, Warszawa
Co-Investments: 3
Earlybird Venture Capital
Europe, Berlin, Germany, Berlin
Co-Investments: 3
LAUNCHub Ventures
Europe, Grad Sofiya, Bulgaria, Sofia
Co-Investments: 5
Hoxton Ventures
Europe, England, United Kingdom, London
Co-Investments: 2
SeedBlink
Europe, Bucuresti, Romania, Bucharest
Co-Investments: 8
Molten Ventures
Europe, England, United Kingdom, London
Co-Investments: 2
OTB Ventures
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 4

Which angels does Gapminder VC often collaborate with?

Joe Zhou
Asia, China
Shared Deals: 1
MS
Europe, Bucuresti, Romania, Bucharest
Shared Deals: 3
MI
Europe, Romania
Shared Deals: 3
DL
North America, California, United States, San Francisco
Shared Deals: 1
Shared Deals: 1
VI
Europe, Romania
Shared Deals: 2
CF
Europe, Southampton, United Kingdom, Southampton
Shared Deals: 1
KK
Europe, Baden-Wurttemberg, Germany, Karlsruhe
Shared Deals: 1
OP
Europe, Romania
Shared Deals: 1
CC
North America, Texas, United States, Dallas
Shared Deals: 1

What are some of recent deals done by Gapminder VC?

Salestools AI

San Francisco, California, United States

Salestools the worlds first AI ASDR and leader in Agentic Sales Agents

Artificial Intelligence (AI)Business DevelopmentGenerative AIInternetMarketingSales Automation
SeedMay 27, 2025
Amount Raised: $2,277,290
Etiq AI

London, England, United Kingdom

Etiq is a Data Science Copilot taking the time to develop and debug AI models from weeks to minutes

Artificial Intelligence (AI)Machine LearningSoftware
SeedApr 30, 2025
Amount Raised: $1,022,998
parol

Bucharest, Bucuresti, Romania

parol bring artificial intelligence-powered voice solutions to healthcare.

Artificial Intelligence (AI)ConsultingHealth Care
SeedDec 13, 2024
Amount Raised: $1,281,686
FintechOS

London, England, United Kingdom

FintechOS is a fintech company that provides retail banking overview, personal lending, mortgage automation, and general insurance.

Artificial Intelligence (AI)Enterprise SoftwareFinancial ServicesFinTechInformation TechnologyInsurTechSoftwareVenture Capital
Series BMay 30, 2024
Amount Raised: $60,000,000
Genezio

Bucharest, Bucuresti, Romania

Genezio is a serverless platform that helps developers build full-stack applications in a scalable and cost-efficient way.

Cloud ComputingInformation TechnologyMobile AppsWeb Development
Pre SeedApr 5, 2024
Amount Raised: $1,951,854
DRUID

Bucharest, Bucuresti, Romania

DRUID is a conversational AI platform for enterprise companies that allows easy development of intelligent virtual assistants.

Artificial Intelligence (AI)Enterprise SoftwareInformation TechnologyMachine LearningSoftwareVirtual Workforce
Series BSep 12, 2023
Amount Raised: $30,000,000
Undelucram

Bucharest, Bucuresti, Romania

Undelucram is a recruitment agency.

RecruitingStaffing Agency
SeedJun 14, 2023
Amount Raised: $1,084,351
Synaptiq.io

Cluj, Cluj, Romania

Synaptiq.io is a developer of a technology platform designed to provide remedies for enhancing the quality of medical services.

AppsArtificial Intelligence (AI)Assistive TechnologyHealth Care
Series UnknownApr 4, 2023
Amount Raised: $482,144
Dataworks Research SRL

Bucharest, Bucuresti, Romania

Dataworks Research, doing business as Veridion, enriches business data by offering comprehensive insights through real-time updates.

Artificial Intelligence (AI)B2BBig DataCommercial InsuranceMachine Learning
SeedFeb 21, 2023
Amount Raised: $6,000,000
Undelucram

Bucharest, Bucuresti, Romania

Undelucram is a recruitment agency.

RecruitingStaffing Agency
SeedDec 16, 2022
Amount Raised: $211,956