Monthly Recap - January Edition
Endeavor Romania
Endeavor is the leading global community of, by, and for high-impact entrepreneurs.
It's said that January sets the tone for the year, and in many ways we'd love it to be so. We find that starting slow is utterly incompatible with the entrepreneurial mindset, so it was a full month of updates, news and educational ventures.
So let's uncover together upcoming trends, success stories and everything in-between.
Global Updates
Pomelo announced $40M Series B funding. Pomelo, the Latin American company that develops technological infrastructure for companies to launch credit, debit, or prepaid cards in just a few weeks, has announced a $40 million Series B fundraising round led by Kaszek with participation from Endeavor Catalyst.
ElevenLabs landed $80M, achieving unicorn status. ElevenLabs, the prominent startup developing AI-powered tools to create and edit synthetic voices, announced that it closed an $80 million Series B round co-led by prominent investors, including Andreessen Horowitz, former GitHub CEO Nat Friedman and entrepreneur Daniel Gross.
D-Orbit raised $110M in Series C Equity Funding. D-Orbit, an Italian startup that provides an array of logistics services for companies operating satellites and other services in space, has raised €100 million. The Milan-based company said another $50M will be added to the Series C in the first half of this year.
Here are our Endeavor Catalyst team's predictions of trends in emerging markets. 2023 was quite the year at Edndeavor. Our investment fund, Endeavor Catalyst, celebrated its 300th investment. After 11 years and $500M, this milestone came with a higher interest for forecasts, investment predictions and desire to support emerging markets.
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Local Updates
Activize published an overview on startup venture capital funding in Romania, from the most noteworthy funding rounds to a comprehensive recap of 2023.
The Early Game Ventures (EGV) investment fund has launched its second fund, EGV Fund II, with a total value of €60M, intended for investments in both Romanian and foreign startups.
Sessions attracted €3M in funding and launched a round on SeedBlink. The smart collaboration platform is founded by Romanians and competes with products such as Zoom or Teams.
SeedBlink mobilized €342M in startup investing over 4 years, fuelling growth in European tech sector.
Unfrosen, the pivot startup of The Outfit, reached a turnover of €1.2M in 9 months of activity.