Bogdan Tudorache

ROCA X, a technology investment fund for startups, has already invested 600,000 euros in five projects and plans supporting energy projects in the future, say fund officials.

ROCA X pipeline includes almost 20 companies, which are in various stages of analysis, from various fields such as fintech, proptech, bigdata & AI companies as well as start-ups in the medical and green energy fields.

ROCA X is a smart tool, whose target audience are young entrepreneurs with revolutionary ideas in the technology area. The founding shareholders of ROCA X are exclusively Romanian legal persons, the majority at their first investment in the technological field, who understood that the future in business is undoubtedly related to the evolution of technology. They capitalized the fund with 2.7 million euro. “ROCA X aims to identify fresh ideas from the European market, with a focus on technology businesses, whose potential is evaluated and validated by the team behind the initiative,” says Andrei Cionca, the initiator of the project and the chairman of ROCA’s supervisory board.

In a European and local landscape where the need for financing is growing, ROCA X chooses to mainly operate in the first stages of financing (of the seed type and series A funding), this being the least covered area by investment options.