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.

General Overview

10 Moldovan tech startups raised 8.9 mil USD in 2022, closing a total of 11 investment rounds.

4 of the 10 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 11 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 763k EUR, ranging in between 10k EUR (the minimum round) and 2,7 mil USD (the maximum round).

4 out of the 10 Moldovan startups that raised this year have female co-founders.

5 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.

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.

Logo	Description
	Viar.live allows any 360 ̊ enthusiasts and business owners to create and share amazing VR experiences with ease
	Market place for psychological support
	SAAS solution for dental clinics
	Bloomcoding is reinventing online coding education for children, by teaching kids how to code through Virtual and Augmented Reality experiences.
	Empowering Communication Service Providers to offer smart and cost-effective business communications services
	XOR builds modern communication software for recruiting and HR to hire and retain talent more efficiently.
	P2P credit platform
	Donkey.io makes code deployments simple and fun, regardless of the location you are delivering your software solution to.
	A WEB 3.0 platform where for tokenizing real assets in agriculture using Blockchain, NFT and Metaverse technologies.
	Selftalk is a behavioural health app that helps tech employees deal with anxiety, stress, depression, and negative inner conversation.
	A set of white label delivery solutions that features the whole package of software required to set up and run your own delivery business
	A platform for event pages management with tools for events promotion, tickets sale and community building
	Brizy is a multiplatform website builder that anyone can use.
	SONR Music is a compact disc-shaped 100% waterproof audio player.
	A platform that brings together specialists from the NEW MEDIA ART area for promoting and re-imagining new products.
	A non-standard platform for learning English based on the Oxford English course.
	Stilio is web platform and booking app designed for Beauty industry, an online digital solution for making online appointments to beauty salons and specialists.
	Watznow offers a quick way to share videos with people around you or anywhere in the world with an interactive map.
	FastBoss is Integrated mobile-first CRM-like tools with embedded Virtual Assistant for salesmen and business owners
	AI-assisted productivity management platform that reduces bias in performance improvement and creates a habit of feedback.
	Influence.md is a platform that connects brands with digital storytellers, influencers, and content creators in order to personalize their brand story.
	Blockchain Analytics & Crypto Investigation.
	Baby 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.
	Doctorchat is an online clinic platform.
	Renter is a long term electric bicycle rental service for couriers
	MyID provides identification and validation process tools for businesses
	Platform for music artists where they can sell their songs and merchandise, directly communicating with their fans
	Click School provides online training and career guidance services in the IT field that the beneficiary pays upon employment.
	A platform for sports organizations to create graphic content in minutes
	Online tutoring for students
	Provide a set of products and services that allow the creation of applications and websites without code.
	Find the right expert advice for your business with Consulter - the marketplace for top-notch consultants across industries.
	Instant online help from reliable therapists
	Interactive online chess courses for children
	SaasS solution to connect with customers who leave their contacts online
	GreenoSoil is a ClimateTech and AgTech company building the first and the largest global geospatial data marketplace in agriculture
	iAsig is a property and casualty insurance agency powered by technology.
	Index is a global network of vetted, world-class software developers, that helps enterprises to find and hire top-caliber engineering talent.
	Planable is a content review and marketing collaboration platform used by over 5,000 teams.

Logo

Description

Viar.live allows any 360 ̊ enthusiasts and business owners to create and share amazing VR experiences with ease

Market place for psychological support

SAAS solution for dental clinics

Bloomcoding is reinventing online coding education for children, by teaching kids how to code through Virtual and Augmented Reality experiences.

Empowering Communication Service Providers to offer smart and cost-effective business communications services

XOR builds modern communication software for recruiting and HR to hire and retain talent more efficiently.

P2P credit platform

Donkey.io makes code deployments simple and fun, regardless of the location you are delivering your software solution to.

A WEB 3.0 platform where for tokenizing real assets in agriculture using Blockchain, NFT and Metaverse technologies.

Selftalk is a behavioural health app that helps tech employees deal with anxiety, stress, depression, and negative inner conversation.

A set of white label delivery solutions that features the whole package of software required to set up and run your own delivery business

A platform for event pages management with tools for events promotion, tickets sale and community building

Brizy is a multiplatform website builder that anyone can use.

SONR Music is a compact disc-shaped 100% waterproof audio player.

A platform that brings together specialists from the NEW MEDIA ART area for promoting and re-imagining new products.

A non-standard platform for learning English based on the Oxford English course.

Stilio is web platform and booking app designed for Beauty industry, an online digital solution for making online appointments to beauty salons and specialists.

Watznow offers a quick way to share videos with people around you or anywhere in the world with an interactive map.

FastBoss is Integrated mobile-first CRM-like tools with embedded Virtual Assistant for salesmen and business owners

AI-assisted productivity management platform that reduces bias in performance improvement and creates a habit of feedback.

Influence.md is a platform that connects brands with digital storytellers, influencers, and content creators in order to personalize their brand story.

Blockchain Analytics & Crypto Investigation.

Baby 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.