Participated · Seed · Mar 2020

Elrond was founded in 2017 by Beniamin Mincu, Lucian Mincu and Lucian Todea and builds a crypto product on blockchain technology. The company is registered in Malta while its engineering team developing the product is based in Sibiu, Romania. Elrond has attracted strategic interest from large firms such as Samsung. The founders emphasize a collaborative culture focused on open discussion and constructive feedback. Financially, the startup has been one of the better‑funded Romanian blockchain ventures following external investment activity. The team cites Romania as a cost‑efficient, well‑connected base for tech startups despite bureaucratic hurdles.