Gapminder VC

Gapminder Venture Partners BV is a venture capital firm established in 2017 and headquartered in Romania, focusing on early-stage investments in Pre-Seed, Seed, and Series A rounds. The firm targets innovative startups in sectors such as IT software and services, SaaS, machine learning, artificial intelligence, cybersecurity, digital transformation, healthcare IT, and fintech. Gapminder primarily invests in Romania and other countries in Eastern and Central Europe, aiming to support disruptive innovations that generate positive societal impacts. The firm leverages its team's background and experience to create value within the region, emphasizing a commitment to fostering bold initiatives that push boundaries in technology and business.

Cristian Dascalu

VC Fund Partner

Dan Mihaescu

Founding Partner

Alexandru Ruff

VC Fund Partner

Past deals in Eastern Europe

AMSIMCEL

Seed Round in 2022
AMSIMCEL is a deep tech company based in Bucharest, founded in 2017, that specializes in developing advanced computing software for the semiconductor industry. The firm focuses on creating a Physical Verification framework powered by GPU technology, which enhances the efficiency of integrated circuits (IC) verification processes. By integrating advanced parallel computing and automating circuit verification, AMSIMCEL aims to accelerate machine simulations and improve design methodologies for complex projects. The company's innovations are intended to support clients in expediting their IC design and verification processes while ensuring the delivery of custom intellectual property and high-quality, bug-free silicon.

AMSIMCEL

Convertible Note in 2022
AMSIMCEL is a deep tech company based in Bucharest, founded in 2017, that specializes in developing advanced computing software for the semiconductor industry. The firm focuses on creating a Physical Verification framework powered by GPU technology, which enhances the efficiency of integrated circuits (IC) verification processes. By integrating advanced parallel computing and automating circuit verification, AMSIMCEL aims to accelerate machine simulations and improve design methodologies for complex projects. The company's innovations are intended to support clients in expediting their IC design and verification processes while ensuring the delivery of custom intellectual property and high-quality, bug-free silicon.

Data Against Data

Pre Seed Round in 2022
Data Against Data is a company based in Bucharest, Romania, that specializes in developing a platform aimed at reclaiming personal data for users. The platform identifies companies that hold personal information and enables users to request the deletion of their data from sources that collect and store it without consent. By focusing on online data privacy, Data Against Data empowers individuals to take control of their digital identities and safeguard their personal information from unauthorized surveillance and data collection practices.

Finqware

Seed Round in 2021
Finqware is a technology company based in Bucharest, Romania, that specializes in developing a middleware platform designed to connect businesses, fintech companies, and financial service providers. The company offers a single point of contact through its application programming interface (API), enabling organizations to access real-time multi-banking financial data. By leveraging PSD2 APIs and other custom data sources, Finqware enhances the input data and enriches it within its infrastructure. This allows tenants to build frontend applications and services that generate value, such as digital wallets and online e-commerce solutions. Additionally, Finqware supports the digitalization of sales processes for financial providers, helping them to increase customer acquisition and expand their distribution through new revenue streams from commissions on financial product sales.

Apiary Book

Seed Round in 2020
Apiary Book is a beekeeping management software company that develops a mobile application to record and monitor hive information, including colony numbers, health, maintenance, treatments, movements, and harvests. The platform enables beekeepers to collect data and analyze hive health and operations to improve productivity and reduce losses caused by pests, diseases, and pesticides. It targets beginners and hobbyists and is based in Romania.

Flip

Seed Round in 2020
Flip is one of the largest players in the refurbished electronics space from Eastern Europe! Flip allows you to purchase refurbished devices, renewed by tech experts, at up to 40% the price of new. You can also sell your old devices in 3 simple steps: get an online quote, a courier picks up your device, receive the cash in your back account. Flip is backed by eMag, on of the largest eCommerce players in SEE.

TypingDNA

Series A in 2020
TypingDNA, Inc. is a technology company that specializes in typing biometrics authentication solutions. Founded in 2016 and headquartered in Brooklyn, New York, with additional offices in Oradea and Bucharest, Romania, TypingDNA offers an innovative service that enables organizations to authenticate users based on their unique typing patterns. This technology compares current keystrokes with previously recorded typing behaviors, allowing for secure logins, password resets, and multi-factor authentication. The company's solutions are particularly beneficial for the financial services and education sectors, where they enhance security and combat fraud while maintaining a seamless user experience. By employing artificial intelligence algorithms, TypingDNA provides a more effective alternative to traditional two-factor authentication methods, enabling clients to better protect sensitive information without sacrificing usability.

Finqware

Pre Seed Round in 2019
Finqware is a technology company based in Bucharest, Romania, that specializes in developing a middleware platform designed to connect businesses, fintech companies, and financial service providers. The company offers a single point of contact through its application programming interface (API), enabling organizations to access real-time multi-banking financial data. By leveraging PSD2 APIs and other custom data sources, Finqware enhances the input data and enriches it within its infrastructure. This allows tenants to build frontend applications and services that generate value, such as digital wallets and online e-commerce solutions. Additionally, Finqware supports the digitalization of sales processes for financial providers, helping them to increase customer acquisition and expand their distribution through new revenue streams from commissions on financial product sales.

Sypher Solutions

Pre Seed Round in 2018
Sypher Solutions srl, founded in 2017 and based in Bucharest, Romania, offers the Sypher Suite, a comprehensive platform designed to facilitate GDPR compliance for Data Protection Officers (DPOs) and their teams. The software simplifies the compliance process by inspecting records of processing activities to identify errors and omissions, and it supports the evaluation of lawfulness and security during Data Protection Impact Assessments (DPIAs). The platform notifies relevant personnel of necessary updates and organizes information sharing between compliance teams and other business units. Additionally, it serves as a central repository for all GDPR-related information, providing features such as versioning, traceability, and logging. Sypher Suite generates real-time progress reports, enabling users to maintain oversight of compliance tasks effectively.

Apiary Book

Pre Seed Round in 2018
Apiary Book is a beekeeping management software company that develops a mobile application to record and monitor hive information, including colony numbers, health, maintenance, treatments, movements, and harvests. The platform enables beekeepers to collect data and analyze hive health and operations to improve productivity and reduce losses caused by pests, diseases, and pesticides. It targets beginners and hobbyists and is based in Romania.
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