• Startups in our ecosystem generated over $40 million in revenue this year and raised a total of $44.5 million in the last several years. These startups created more than 1,000 jobs, with an average team size being just over nine employees.
• Out of 236 founders that we track, 17% are women co-founders, while only 5% of startups are solely founded by women.
• 80% of the startups we track originated in Moldova, They then successfully expanded to regional and global markets. The remaining - are the startups founded by the Moldovan diaspora. Moreover, they continue to support our ecosystem as mentors, partners and investors.
• Without any dominant verticals yet, there is a slight concentration of startups in HealthTech, FinTech, MarTech, and EdTech.
• 92% of the tracked startups declared to be in the validation phase (48%) and the growth stage (44%).

In 2024 startups raised $7.9 million this year—double the amount raised in 2023. This funding supported 30 startups, with an average of $260K per startup - money attracted in the form of non-dilutive grants, equity investments and convertible loans from angel investors and VC funds.

• Top Performers:
• NodeShift - a cloud service provider that enables companies to create and run safe applications on a budget - raised $3.2 million
• Greeno - a tool that offers accurate agronomic, financial and sustainability insights for any specific field or farm - raised $1.325 million
• Fagura - a P2P platform for individuals and SMEs who borrow from and lend to each other - raised $1.1 million
• Aspect Health - digital health platform dedicated to enhancing women's metabolic health through innovative technology and lifestyle interventions - raised $1 million
• Most startups that attracted investments in 2024 have raised multiple rounds, with the typical (median) of 2 rounds per startup.
• Half of these startups were supported by angel investors. The most active angel syndicate in Moldova is Mozaic, which allocated cca. $500K in investments this year alone. They plan to invest up to $1 million in startups in 2025.
• Among the VC funds that invested in Moldovan startups in 2024 are: uVentures, Inovo.vc, Notion Capital, Signet Global, Ewor, Techstars and others.

Our startup database grew by 40% this year, driven by the emergence of new startups and our team's efforts to identify and include them. If you haven’t checked it out yet, we invite you to explore it here! If your startup isn’t included, this is your chance to join our #StartupMafia team and benefit from all the resources, connections, and support our community offers. Send us an email and we'll get back to you.