Moldova is a very small but promising market in Eastern Europe that rapidly gains attention with the development of its entrepreneurial ecosystem. It is becoming a hotbed for startups in IT, agriculture, and fin-tech due to its tech-savvy talent pool and cost-effective operations. To make it easier, we've put together an extensive list of venture capital investors, and our experts have handpicked the top 10 firms in Moldova just for you. You can find more details about investment opportunities here.
Here's a table that summarizes the overall VC data for a quick overview:
1. GapMinder Venture Partners
GapMinder Venture Partners invests in the SEE region and diaspora, focusing on early-stage startups with massive growth potential. Leading seed rounds of €0.5M–€5M and follow-ons up to €12M+, the firm prioritizes DeepTech and SaaS in the B2B space. With a founder-first mindset, they embrace imperfection, take risks, and bring their own entrepreneurial experience to empower innovative teams.
Geography: Romania, Moldova, and neighboring countries
Notable Investments: FintechOS, TypingDNA
2. SmartGateVC
SmartGateVC is a SoCal and Armenia-based venture capital firm specializing in pre-seed investments in AI. Since 2018, they’ve backed 32 innovative startups, including SuperAnnotate and Deep Origin. With follow-on support from NVIDIA, Sierra Ventures, and YC, SmartGateVC operates across two funds supported by prominent investors like Tim Draper and One Way Ventures, empowering AI-driven startups with a strong foundation for growth.
Geography: Armenia, Moldova, and other emerging markets
Notable Investments: SuperAnnotate, Krisp
3. Revo Capital
Revo Capital is the largest VC in Turkey, managing two funds: a $66M inaugural fund from 2013 and an oversubscribed €90M second fund closed in 2021. Specializing in early-stage B2B and B2C tech ventures across Turkey, Eastern Europe, and the Baltics, Revo Capital has made 40 investments and achieved 17 successful exits. Renowned for close collaboration, they actively support founders, easing their workload and acting as a true partner in growth.
Geography: Turkey, Central and Eastern Europe, including Moldova
Notable Investments: Foriba,
4. Inovo Venture Partners
Inovo Venture Partners invests in early-stage, post-traction startups from Poland and the CEE region, with initial investments of up to €3M. Dedicated to building global brands while fostering local ecosystems, they’ve supported ventures like Booksy, Spacelift, and Preply. Known for close collaboration, their €54M second fund backs ambitious founders, as highlighted by Stefan Batory,
Geography: Poland, Central and Eastern Europe, including Moldova
Notable Investments: Booksy, Infermedica
5. Smok Ventures
SMOK Ventures seeks founders with proven leadership, industry expertise, and a strong cultural fit. They value serial entrepreneurs with a track record of successful exits (and even failures) and require deep industry knowledge to back innovative ideas. Believing in long-term partnerships, SMOK ensures seamless collaboration to build remarkable ventures together.
Geography: Central and Eastern Europe, including Moldova
Notable Investments: Nomagic, SunRoof
6. BADideas.fund
BADideas.fund is an early-stage investor backing startups from CEE with global ambitions. They invest €50K-€250K tickets and are led by experienced entrepreneurs who’ve built and scaled companies like Vimeo, Printify, and Bolt. With a network of accomplished founders, BADideas.fund supports startups with practical insights to navigate challenges. Recent investments include Breezit (Lithuania), Recruitlab (Estonia), and Fuel Finance (Ukraine).
Geography: Central and Eastern Europe, including Moldova
Notable Investments: Not publicly disclosed
7. PurposeTech
PurposeTech is a super early-stage investor, supporting startups in Health, Sustainability, and Education with a connection to Central & Eastern Europe. Known for being hands-on, they dedicate weekly hours to help founders achieve traction for their next funding round. Through their partnership with Impact Hub, PurposeTech connects startups to a vast network of entrepreneurs and decision-makers. Their portfolio reflects their focus on HealthTech, GreenTech, and EdTech, fostering innovative and impactful solutions.
RTP Global is a VC firm that supports bold founders in building transformational companies. With more than $3 billion in assets and teams in the USA, Europe, and Asia, RTP invests in early-stage companies. They focus on B2B and B2C tech sectors, including AI, fintech, and health. Renowned for long-term partnerships, they have helped create unicorns such as Datadog and Delivery Hero. RTP is far beyond capital; they are believers in realizing true potential.
Target Global operates as a European VC with over €3 billion in assets under management. They invest in tech companies from pre-seed to pre-IPO. Offices in London, Berlin, Tel Aviv, and Abu Dhabi support transformative startups to later become unicorns: Delivery Hero, Wefox, and Kuda. Known for backing 15 unicorns and achieving 21 exits, Target Global empowers founders to disrupt global markets and scale groundbreaking businesses.
Runa Capital is a global VC firm backing early-stage tech startups in deep tech, enterprise software, and fintech infrastructure. With over $500M under management, it backs founders with funding, operational expertise, and a strong transatlantic network. Their portfolio includes innovators like NGINX and Brainly. With offices in Luxembourg, Palo Alto, London, Paris, and Berlin, Runa helps startups scale across global markets.
Is VC high risk?Venture capital is a type of investment that can be risky but has the potential for high returns. However, there is no guarantee of success. Investing in startups is always uncertain, and you might lose your money. Even though VC firms try to minimize risks, investing in startups is always uncertain, and you might lose your money.
What is the best country in Europe to set up a VC fund?Luxembourg is ideal for setting up a VC fund in Europe due to its investor-friendly regulations, diverse investment vehicles, and a strong financial sector that supports local and foreign investors. The country's tax efficiency and stability further make it a preferred choice.
Which European cities have the most VC investments?The top cities for VC investments in Europe are London, Paris, Berlin, Amsterdam, and Stockholm. London leads with $22.67B in 2023, followed by Paris and Berlin. These cities are known for strong startup ecosystems and significant funding opportunities.
What is the minimum amount for a VC fund?Venture capital funds usually ask for a minimum investment of $250,000 to $500,000, and sometimes even more. Investing a small amount of money can still cost a lot. These funds are usually only open to wealthy people and big organizations that have a lot of money.
How do I choose a VC fund?To choose a VC fund, check how much experience and success the venture capital firm has had before. Look at the companies they’ve invested in before to see if they match what your business does. This can help you figure out if they’re a good match for you.
Best of luck with your amazing ventures.
Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.
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