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The Venture Codex

GapMinder

10th Belgrad Street 2nd Floor Sector 1, Bucharest, Bucuresti, 011805, Romania

Overview

Venture capital fund investing in early-stage B2B Deeptech and SaaS startup

Deals · 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Italy
Romania
United Kingdom
United States

Sector focus

Analytics
Artificial Intelligence (AI)
Business Intelligence
Cyber Security
...

Investment portfolio

35rounds
NAMEDATESIZE
Veridion
Sep 2026Participated
$20 MSeries A
Genesis Space Flight Laboratories
Jul 2026Participated
$1 MSeed
codeplain
Jul 2026Led
$3 MSeed
DesignVerse
May 2026Participated
$6 MSeed
InsiderCX
Jan 2026Led
$2 MSeed
Salestools AI
May 2025Led
$2 MSeed
Etiq AI
Apr 2025Led
$1 MSeed
FintechOS
May 2024Participated
$60 MSeries B
Genezio
Apr 2024Led
$2 MSeed
DRUID
Sep 2023Participated
$30 MSeries B
Undelucram
Jun 2023Participated
$1 MOther Equity
Synaptiq
May 2023Participated
$0.65 MSeed
Veridion
Sep 2026Participated
$20 MSeries A
Genesis Space Flight Laboratories
Jul 2026Participated
$1 MSeed
codeplain
Jul 2026Led
$3 MSeed
DesignVerse
May 2026Participated
$6 MSeed
InsiderCX
Jan 2026Led
$2 MSeed
Salestools AI
May 2025Led
$2 MSeed
Etiq AI
Apr 2025Led
$1 MSeed
FintechOS
May 2024Participated
$60 MSeries B
Genezio
Apr 2024Led
$2 MSeed
DRUID
Sep 2023Participated
$30 MSeries B
Undelucram
Jun 2023Participated
$1 MOther Equity
Synaptiq
May 2023Participated
$0.65 MSeed
35
Items
...
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Insights

Time horizon

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Deal Distribution

GapMinder: 35 funding rounds are recorded in the selected participation categories.All available history.
GapMinder: 35 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed98
Series A03
Series B03
Other Equity75

Monthly Deal Activity

GapMinder: 35 deals are recorded across 97 months.All available history.
GapMinder: 35 deals are recorded across 97 months. All available history
MonthDeals
Oct '181
Nov '180
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '191
Jun '191
Jul '191
Aug '190
Sep '190
Oct '190
Nov '190
Dec '191
Jan '201
Feb '201
Mar '201
Apr '200
May '200
Jun '200
Jul '200
Aug '201
Sep '201
Oct '201
Nov '202
Dec '200
Jan '211
Feb '210
Mar '210
Apr '211
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '211
Dec '210
Jan '220
Feb '221
Mar '221
Apr '220
May '222
Jun '220
Jul '220
Aug '220
Sep '220
Oct '222
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '231
Jun '231
Jul '230
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '262
Aug '260
Sep '261
Oct '260

Sector Breakdown

GapMinder: Enterprise Software is the largest displayed sector by deal count (23 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

GapMinder: Enterprise Software is the largest displayed sector by deal count (23 deals). All available history
SectorDeals
Enterprise Software23
AI & Machine Learning22
Professional Services11
Fintech8
Networks, Cloud & Communication7
Developer Tools7
Cybersecurity & Privacy5
Data, Analytics & IT5
Marketing & Advertising5
Transportation & Logistics3
Media & Entertainment3
Education & Workforce2
E-Commerce & Retail2
AR/VR2
Health & Life Sciences2
Food & Agriculture2
Space & Frontier Tech1

Deal Size Distribution

GapMinder: 35 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

GapMinder: 35 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M25
$5M-$10M2
$10M-$25M4
$25M-$50M1
$50M-$100M2
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

GapMinder: Europe has the largest recorded deal count among the displayed regions (30 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

GapMinder: Europe has the largest recorded deal count among the displayed regions (30 deals). All available history
RegionDeals
Europe30
United States5
GapMinder: 20 co-investors are shown, with LAUNCHub Ventures sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

GapMinder: 20 co-investors are shown, with LAUNCHub Ventures sharing 5 recorded deals. All available history
Co-investorShared deals
LAUNCHub Ventures5
OTB Ventures4
SeedBlink4
Cleverage VC3
Hoxton Ventures3
Roca X3
Underline Ventures3
bValue2
Day One Capital2
Earlybird Venture Capital2
Gecad Ventures2
Growceanu2
Karma Ventures2
Molten Ventures2
Silicon Gardens2
AlbionVC1
Begin Capital1
BlackRock1
Catalyst Romania1
Cipio Partners1

Investment Strategy

GapMinder: Led accounts for 46% and participating for 54% of round participation.All available history.
GapMinder: Led accounts for 46% and participating for 54% of round participation. All available history
CategoryDeals (count)Share (%)
Led1646%
Participating1954%
GapMinder: Single-lead accounts for 81% and co-led for 19% of lead dynamics.All available history.
GapMinder: Single-lead accounts for 81% and co-led for 19% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1381%
Co-led319%

Team

Alexandru Ruff

VC Fund Partner

Cosmin Ochisor

VC Fund Partner

Cristian Dascalu

VC Fund Partner

Dan Mihaescu

Founding Partner

Denisa Scutariu

Reporting & Compliance Officer

Gabriela Dia

Senior Associate

Robert Herscovici

Investment Director

Sergiu Rosca

Co-Founding Partner