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Romanian online employee community Undelucram.ro closes €1 million funding round to expand machine learning and AI algorithms (Romanian Insider)

04 July 2023

Undelucram.ro, a Romanian-based online community for employees, has closed a €1 million round of late-seed funding, reports Romanian Insider. The investment will be used to develop machine learning and AI algorithms and for further expansion into Central and Eastern Europe, Asia and Africa, the company has said.

The lead investor in this round was Sofia Angels Ventures, a Bulgarian investment fund that invested €400,000. They were joined by the investment fund Gapminder VC with €200,000 - and at its third investment in Undelucram.ro; Head North with €200,000; the technology start-up co-investment platform SeedBlink with a €100,000 follow-on; and a business angel with €100,000. Undelucram.ro has attracted four rounds of investments totaling €2,000,000 so far. The previous rounds took place in 2017, 2019 and 2021. The platform was launched in 2011 by Costin Tudor and provides information about employers, salaries, benefits and job interviews.