TechAngels invests 2.4 mln euro in 37 startups in Q1

From SEENews: https://seenews.com/news/romania-based-techangels-invests-24-mln-euro-in-37-startups-in-q1-781416

Image: TechAngels Q1 2022 Results

"BUCHAREST (Romania), April 19 (SeeNews) - Romanian angel investor group TechAngels said on Tuesday it invested 2.4 million euro ($2.59 million) in the first quarter of the year, triple the amount invested in the like period a year earlier. A quarter of the 37 startups which have pitched to TechAngels so far this year have progressed beyond follow-up rounds and are currently negotiating funding, TechAngels said a statement."

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"TechAngels is an open group of private investors, seeking to grow Romanian tech startups. The group features 128 members, hailing from a variety of professional backgrounds. TechAngels’ track record includes a 8.9 million euro investment in 69 startups in 2021, preceded by 4 million euro investments in 75 startups in 2020.

The investor group’s portfolio currently includes over 220 startups."