Interview with Vargha Moayed,
Endeavor Romania Board Member
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After serving as the Chief Strategy Officer of global RPA leader UiPath, Vargha Moayed continues his journey of helping managers become better managers and entrepreneurs become more successful as a Venture Partner at global VC White Star Capital. He is also a Chairman Of the Board of the UiPath Foundation.
A connector and generalist at heart, Vargha Moayed is glad his path intersected that of Endeavor Romania, the local chapter of a global organization that wants to connect entrepreneurs with the resources and network they need to shoot for global expansion.
In this interview, he shares his thoughts on what can unlock the next stage in the growth of the Romanian startup ecosystem, how local startups can overcome key challenges, and more.
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Endeavor Selects eight Entrepreneurs from five markets at the 29th Virtual International Selection Panel
Endeavor selected eight entrepreneurs leading five companies at the 29th Virtual International Selection Panel (vISP) held August 22-24, 2022. Endeavor now supports 2,352 entrepreneurs leading 1,454 companies in 41 markets around the world (read more about the newly selected entrepreneurs below). Read more. |
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Mexican corporate card Clara lands $150M debt facility from Goldman Sachs
Fintech startup Clara joined the Endeavor network at the 23rd Virtual International Selection Panel back at the beginning of the year. It was founded in 2020 by Gerry Giacomán Colyer and Diego Iván García Escobedo with the goal to create the future of how company finances are run.
Clara achieved a unicorn valuation only 7 months after its first funding round and is now entering its next growth stage after securing $150M in debt from Goldman Sachs. Read about it here. |
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Endeavor Catalyst participates in Argentinian fintech Geopagos's $35M round
Based in Buenos Aires and present in 15 countries in Latin America, Endeavor Entrepreneur Geopagos offers a white label infrastructure software that allows businesses to launch financial services.
With its first venture capital round, the fintech aims to expand its offer of tech solutions to accept and incorporate digital payments, and thus accelerate access to digital services in the region. The round was led by Riverwood Capital and joined by Endeavor's investment arm. Find out more.
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Nigerian fintech TeamApt raises $50M in pre-Series C round
TeamApt operates one of Nigeria’s largest business payments and banking platforms, growing 300% annually and turning on profit. One of its products, Moniepoint, serves 400,000 small and medium-sized businesses across Nigeria.
The company's founders, Tosin Eniolorunda and Felix Ike, were selected as Endeavor Entrepreneurs at the 16th virtual International Selection Panel. The company will use the capital to widen its credit offerings, while planning to raise a Series C next year. Discover the news. |
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Romanian Ecosystem Updates
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SeedBlink acquires crowdinvesting platform Symbid to consolidate European financing to tech innovation
SeedBlink made a big step towards their mission to consolidate European financing by acquiring Dutch crowdinvesting platform Symbid, which has more than 10 years of experience in the market.
The partnership will provide SeedBlink investors with access to a wider choice of investment opportunities from a combined deal flow, with richer investment tools. On the other side, ambitious tech founders will benefit from simplified and valuable ways to raise growth funding.
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Startup highlights
- Romanian automotive deep tech startup OxidOS concluded its first seed round of €1.2M, with Early Game Ventures at the lead. The startup is building an Operating System and DevTools to help automotive component integrators and OEM software companies to reduce the time needed for certification of automotive software. Read the news.
- AI startup Anyscale added $99M to a previous $100M Series C venture investment round led by Andreessen Horowitz. Its tools are used to streamline the process of developing software that helps predict customer demand, among others. It was founded by University of California, Berkeley researchers, including Romanian Ion Stoica. Find out more.
- Berlin-based startup Root Global raised €2.5M to build the first full version of its product aimed at decarbonizing the global food system. Root's software platform helps companies identify, collect, and centralize carbon emission data across their supply chains. The startup was co-founded by Romanian entrepreneur Eric Oancea. Learn more.
- Medtech startup Parol secured €450K in a pre-seed financing led by The Mavers Ventures. The startup is developing an end-to-end technology that helps doctors and medical clinics save time by taking over some of the administrative burden. The Romanian startup already has a team of developers and AI experts working on the final product. Read all about it.
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Romanian e-commerce market veteran evoMAG raised €2M from Catalyst Romania. The new capital will support the company’s plans to expand in Romania and internationally, accelerate offline development, and grow the product portfolio. See the news.
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Thank you for subscribing!
This is the 4th of a series of monthly newsletters that will be distributed within the community of Endeavor Romania. The series will highlight news from the local ecosystem and our global network, and will feature our selected entrepreneurs, our mentors and board members.
Please feel free to send your feedback at romania@endeavor.org and let us know what you want to see more of!
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