# TechAngels

TechAngels is an Angel Network based in Bucharest, Romania.

## Overview

- **Organization type:** Angel Network
- **Headquarters:** Bucharest, Romania
- **Region:** Europe
- **Address:** Bucharest, Romania
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** techangels.ro
- **LinkedIn:** https://www.linkedin.com/company/techangels-romania

## Regulatory record

- **Reports private funds:** No

## About

TechAngels is the tech business angel investors group in Romania. Since 2013, its members have backed tech startups from Romania and South-Eastern Europe with investment tickets, hands-on expertise and connections. It is a community of 130+ individual angel investors and is not a fund; the association curates deal flow while members invest their own capital. Members have invested over €46 million in tech startups, with aggregate portfolios of 270+ companies.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Digital Health
- Mobility & Transportation
- Cybersecurity

## People

- Malin-Iulian Stefanescu — President
- Mihai Seceleanu — Founding Member

## Questions

### What investment size and stage does TechAngels typically target?

The network writes initial checks in the €50,000 to €300,000 range, targeting pre-seed and seed-stage companies. Members frequently follow on into subsequent rounds up to Series A. While individual ticket sizes are moderate, aggregate round participation from multiple TechAngels members can syndicate materially larger sums, occasionally exceeding €500,000 per round when many members participate simultaneously.

### Does TechAngels co-invest with external venture capital funds?

Yes. TechAngels routinely co-invests alongside regional VC funds including GapMinder, Early Game Ventures, and ROCA X, with whom it formalized a partnership in January 2024. The network's role often involves bridging the gap between founders' initial friends-and-family capital and the first institutional VC round, giving external funds confidence that a company has already passed TechAngels' due-diligence process.

### What is TechAngels' geographic focus?

The network concentrates primarily on Romania, with activity centered on the Bucharest and Cluj-Napoca tech ecosystems. Deal flow extends to Iași, Timișoara, and Moldova, and selectively to the broader Balkans. TechAngels rarely invests outside Central and Eastern Europe, maintaining a thesis that local networks and underwriting expertise are critical advantages in markets where informal information asymmetries remain high.

### Who runs investment decisions at TechAngels?

No single person makes investment decisions. Each member investor evaluates deals independently and decides whether to allocate personal capital. The network's leadership team, including President Malin-Iulian Stefanescu, oversees deal screening, member recruitment, and operational governance but does not exercise veto power or mandate participation. This decentralized decision model is a defining feature of the angel-network structure.

## Related profiles

- [TechAccel Ventures](https://altss.com/profile/techaccel-ventures)
- [TechAviv](https://altss.com/profile/techaviv)

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Last updated: 2026-08-11T15:08:18.003Z

Canonical page: https://altss.com/profile/techangels

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