Upcoming event: Startup Moldova Summit 2024

Private investments raised by Moldovan tech startups in 2022

This report is complied based on the data scouted and mapped by the Startup Moldova team by direct interaction with the founders of the Moldovan tech startups listed in the open database, and also thanks to the support of individual contributors.

Updated as of April 2023

General Overview

11 Moldovan tech startups raised 11 mil USD in 2022, closing a total of 12 investment rounds.

5 of the 11 Moldovan tech startups that raised funds in 2022 managed to raise 1 mil EUR or more. Among the venture capital firms that put their money into Moldovan startups are VC from USA, UK, Czech Republic, Poland, Ukraine, Africa.

7 out of the 12 deals reported have been closed with the full or partial contribution of Moldovan business angels. The most active community of Moldovan business angels is that of Mozaic Angel Investors Community , with the participation in at least 5 deals, with a total investment amount of 555k EUR. Business Angels Moldova participated in at least 2 deals.

The average deal amount was of 865k EUR, ranging in between 10k EUR (the minimum round) and 2,7 mil USD (the maximum round).

5 out of the 11 Moldovan startups that raised this year have female co-founders.

6 Headlining Moldovan Tech Startups

  • The largest investment round: 2,7 mil USD was raised by XOR AI in a seed extension round from Garage Syndicate, S16, Gurtin Ventures and one Angel investor. XOR AI is a recruiter for Blue-Collar and Hourly Workers in the US. XOR AI Recruiter attracts, pre-screen and then schedule the best candidates into recruiters’ calendars so that you can focus on hiring.

  • 2,4 mil USD were raised by Brizy.io, the multi-platform website builder launched in 2018 and counting over 3,5 mil downloads to date. The round was raised from Fuel Ventures, a leading early stage seed and growth stage EIS Fund based in London, UK.

  • Greeno – raised 2MLN EUR from Signet Global in June 2022. GreenO is a ClimateTech and AgTech company building the first and largest global marketplace for geospatial data in agriculture.

  • European and African funds invested 1.4 mil USD into ENABLD, the Moldovan co-founded and Moldovan-staffed startup. Their portfolio investors are coming from the ICT and the telco industries, owning Telco carriers and assets both in Europe and Africa. ENABLD is a CPaaS enablement platform, offering communication service providers, telcos, and enterprises the ability to fully integrate and tokenise their communication suite in the cloud.

  • Bloomcoding following 2 investment rounds raised 1,1 mil EUR. Bloomcoding is a digital coding school for kids bringing VR/AR tech into live online lessons. In January 2022, the team raised 100.000 EUR from Moldovan business angels, with Mozaic Angel Investors Community as lead investor in the amount of 70k EUR. They closed the year with additional 1 mil EUR raised in December 2022 from Credo, inovo, u.ventures including 150k EUR from Mozaic Angel Investors Community as a follow-on investment. In 2022 Bloomcoding has not only managed to close 2 investment rounds, but has also extended their services to 2 new geographies: Bulgaria and Poland.

  • Fagura crowdfunded 786,845 EUR from 287 investors. They managed the crowdfunding campaign on the Seedrs platform. This is the 2nd crowdfunding campaign run by Fagura. This time around 287 investors contributed to raising a total of almost 787k EUR. Part of the investors pool were 7 Angel Investors, including Mozaic Angel Investors Community with the amount of 65k EUR. Fagura aims to launch and grow in Romania, and release its first digital banking services by the of 2023.

Smaller investments raised by further 5 startups

  • EasyPlan, the medical business management assistant, raised 90k EUR from Mozaic Angel Investors Community.

  • SelfTalk, the platform to enhance well-being and performance through self-talk science, raised 150k EUR from Moldovan and Ukrainian business angels based in UK.

  • EdooSitter, the platform connecting parents to verified and trained babysitters, raised 120k EUR, with the lead investment of 100k EUR from Mozaic business angels. Following a rebranding campaign in 2022, EdooSitter has also expanded last year to the Romanian market.

  • Doctorchat.md, the online clinic platform, raised 50k EUR from Mozaic Angel Investors Community.

  • UNDE.io, the platform for event pages management with tools for events promotion, tickets sale and community building, raised 10k EUR from Business Angels Moldova angels.

As we are rounding up the report for 2022, we are happy that at least 2 further startups from the Moldovan ecosystem (ClickSchool and Renter) have already managed in January 2023 to get hard commitments from investors, which we look forward to reporting in the next year analysis.

Startups attending list

viarliveViar.live allows any 360 ̊ enthusiasts and business owners to create and share amazing VR experiences with ease
respiroMarket place for psychological support
easyplanSAAS solution for dental clinics
bloomcodingBloomcoding is reinventing online coding education for children, by teaching kids how to code through Virtual and Augmented Reality experiences.
enabldEmpowering Communication Service Providers to offer smart and cost-effective business communications services
xorXOR builds modern communication software for recruiting and HR to hire and retain talent more efficiently.
faguraP2P credit platform
donkeyDonkey.io makes code deployments simple and fun, regardless of the location you are delivering your software solution to.
metafarmA WEB 3.0 platform where for tokenizing real assets in agriculture using Blockchain, NFT and Metaverse technologies.
selftalkSelftalk is a behavioural health app that helps tech employees deal with anxiety, stress, depression, and negative inner conversation.
delyA set of white label delivery solutions that features the whole package of software required to set up and run your own delivery business
undeA platform for event pages management with tools for events promotion, tickets sale and community building
brizyBrizy is a multiplatform website builder that anyone can use.
sonr_musicSONR Music is a compact disc-shaped 100% waterproof audio player.
boldA platform that brings together specialists from the NEW MEDIA ART area for promoting and re-imagining new products.
langlyA non-standard platform for learning English based on the Oxford English course.
stilioStilio is web platform and booking app designed for Beauty industry, an online digital solution for making online appointments to beauty salons and specialists.
watznowWatznow offers a quick way to share videos with people around you or anywhere in the world with an interactive map.
fastbossFastBoss is Integrated mobile-first CRM-like tools with embedded Virtual Assistant for salesmen and business owners
enamplyAI-assisted productivity management platform that reduces bias in performance improvement and creates a habit of feedback.
influenceInfluence.md is a platform that connects brands with digital storytellers, influencers, and content creators in order to personalize their brand story.
aml_cryptoBlockchain Analytics & Crypto Investigation.
baby_medBaby Medy inspire hope and contribute to the health and well-being of parents and their kids by providing the best care through medicine and modern technology.
doctor_chatDoctorchat is an online clinic platform.
renterRenter is a long term electric bicycle rental service for couriers
my_idMyID provides identification and validation process tools for businesses
music24Platform for music artists where they can sell their songs and merchandise, directly communicating with their fans
clickschoolClick School provides online training and career guidance services in the IT field that the beneficiary pays upon employment.
kicklyA platform for sports organizations to create graphic content in minutes
toutoringOnline tutoring for students
startupProvide a set of products and services that allow the creation of applications and websites without code.
consulterFind the right expert advice for your business with Consulter - the marketplace for top-notch consultants across industries.
inst_expertInstant online help from reliable therapists
sahInteractive online chess courses for children
swiftSaasS solution to connect with customers who leave their contacts online
greenoGreenoSoil is a ClimateTech and AgTech company building the first and the largest global geospatial data marketplace in agriculture
iAsigiAsig is a property and casualty insurance agency powered by technology.
indexIndex is a global network of vetted, world-class software developers, that helps enterprises to find and hire top-caliber engineering talent.
planablePlanable is a content review and marketing collaboration platform used by over 5,000 teams.
Disclaimer: By registering for Startup Moldova Summit 2023, you agree to the collection and use of your personal information by Startup Moldova in accordance with our privacy policy. You also consent to receiving promotional and informational emails from Startup Moldova related to the event.