ROCA X is the most recent fund in Romanian VC at an early stage that closed its first € €The 2.7 m fund a few weeks ago and already announced its first investments. After having evaluated more than 150 startups in a few months of work while structuring the fund, this week ROCA X announced that its first five investments were worth € €600K.
The new fund is 100% private and has been launched by Romanian natural and legal people, most of whom are their first investment in the technological field. ROCA X is part of a ROCA, a Romanian investment company that supports growing businesses beyond the technological sector.
The new business and digital orientation fund on technology and digital is positioned in the seed segment and series A, where its founders believe that there is the most demand. ROCA X Has no exclusive concentration on specific technologies, but carefully keeps an eye on blockchain, AI, Fintech and newly emerging technology trends. According to its founders, the ambition of Rocs X is to create a bridge between technological companies, the human resources necessary for their development, their private and institutional investors and world points of sale, with an extremely rapid means of making decisions ‘investment.
“ROCA X aims to identify new ideas on the European market, emphasizing technological companies, the potential of which is evaluated and validated by the expert team behind the initiative. Rocs X works as a gadget that converts the skills and expertise of the team to the acceleration of the evolution of innovative affairs, “explains Andrei Cionca, initiator of the project and chairman of the supervisory board of the supervisory board ROCA X.
The first six
Fintech, bets, beauty technology, health technology are the first areas in which ROCA X has decided to invest. There is still no additional information on the conditions of each investment. Based on the traction of companies, it seems that they are all at different stages of development.
| Business | Based | Product | Previous investments |
| Feel | – | European digital platform centralize access to health services | – |
| Beez | 2018 | A cashback solution | € 450,000, GapMinder |
| Fetille | 2017 | A market for household and beauty services | – |
| Betmarkets | 2017 | A solution that transforms sports betting into investment instruments | € €190K; Roca X has now invested € €150K in the convertible note |
| Patchai | 2018 | Virtual assistant for patients registered in a clinical trial | € 110,000 |
| Frisbo | 2014 | E-Full filling and warehouse platform which offers storage, order processing, billing, packaging, delivery and administration solutions for online sellers | € 750,000; Earlier this week, GapMinder led a new round of 1.2 million euros with the participation of Rocax |
The ROCA X pipeline currently includes 20 other companies, which are at various stages of analysis: Fintech, Proptech, Big Data and IA companies, as well as Green Health and Energy Startups. “These rapid investments prove the acute need for such a flexible and rapid financial instrument,” reads an official press release.
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