Monthly Recap - June Edition

The idea that June is the start of the vacation season, when business slows down and your email will find people on the beach is nothing more than a myth, judging by the very eventful month of June that we’ve experienced.?

Full of news, updates and food for thought, this summer has started in a very promising way. So let’s go through some of our most important updates together!???

Updates from Endeavor Romania

Creatopy joins Endeavor?

We’re proud to announce that Creatopy has been selected to join the community of Endeavor Entrepreneurs, becoming the 3rd Romanian company to become a part of this global community of entrepreneurship with high social impact.?

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We launched our Fellowship Program

Entrepreneurship is as much about the journey as it is about sharing wisdom and insights with other fellow builders. This Fellowship Program is part of our mission to support and nurture the local tech ecosystem to make clear steps towards scaling and global success.?

Meet the four people who have already joined us in this mission, becoming the first Endeavor Romania Fellows: Andrei Dunca, Miruna-Ioana Girtu, Flaviu Simihaian, and Mariel Petric.?

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Technology Report: Understanding and Advancing the UK/Romania Opportunity

We have partnered with UK/Romania Business, along with other community supporters like CMS and How To Web to create the first report targeting the state of tech and the intersection of tech & business between the UK and Romania.?

Download the report from the link below:?

This report was created as an ecosystem catalyst before anything else, and its main purpose is to connect the Romanian founders and tech community in the UK with founders in Romania and to explore the potential growth trajectories for both these two markets.?

Read the full update of the report launch:

We reunited with the start-up ecosystem at Techsylvania?

We went to Techsylvania and met remarkable speakers from global companies, exchanged stories with start-ups and investors, and got to experience the incredible atmosphere put together by the organizers, with an impressive turnout and a vibrant atmosphere.?

We held a community breakfast with Valeri Petrov and Peter Latos

We covered the large topic of fundraising in the CEE and the evolving expectations and strategies are crucial for both founders and investors.?

We’d like to thank EY Romania and UniCredit Bank Romania for making this conversation possible. Read the full update below:?

Local Updates?

Romanian investment in Slovenian start-up SaleSqueze ?

Underline Ventures, the Romanian investment fund, leads a $1.5M funding round of Slovenian start-up SaleSqueze, with participation from Fortech Investments and Xenia Muntean , CEO and co-founder of Romanian start-up Planable.

RubikHub re-launches Office Hours

Rubik Hub has re-launched its program created to provide support to start-up founders, as part of which tech builders are offered guidance for accelerated and sustainable growth, personalized feedback, as well as connections with industry leaders, including investors and other founders.?

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13 UK-based VCs Invested in 15 Romanian start-ups

On top of this, Seedcamp is leading in deals, according to the “Technology Report: Understanding and Advancing the UK/Romania Opportunity”, published by UK/Romania Business in cooperation with CMS, Endeavor Romania and How to Web .?

Global Updates

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Mistral AI , the French start-up, closed €600m at €5.8bn valuation?

The start-up has a new lead investor, and had last raised a €385m Series A just six months ago. The fundraise was led by new investor DST Global and existing backer General Catalyst.?

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How Turkish founders living abroad help companies in Turkey scale

This research was carried out by Endeavor Insight and Endeavor Türkiye , who have partnered up for this study called Activating International Networks, a great illustration of the multiplier effect.?

Endeavor entrepreneurs Przemek Gotfryd and Miguel Fernandez Larrea, co-founders of Capchase , just announced a $115M credit facility?

Founded out of New York by 4 Europeans (3 from Spain and 1 from Poland) in 2020, Capchase provides SaaS companies with a flexible, speedy, and non-dilutive alternative financing option so founders can grow their businesses.

Shipping logistics start-up HarborLab raises $16M Series A led by Atomico

Harbor Lab says the costs that arise from a vessel’s port calls are the second largest expense for commercial vessels behind fuel, and wants to streamline those costs and reduce the margin of error from 20% to just 3% per port call.?

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