About IT Services sector in Romania
Top IT Services Companies in Romania
Here is the list of top IT Services startups in Romania

1. Veridion
Key facts about Veridion
- Founded Year: 2019
- Location: Bucharest (Romania)
- Stage: Seed
- Total Funding till date: $7.5M
- Investors: Day One Capital, OTB Ventures and 6 Others
- Latest Funding Round: Seed, Feb 21, 2023, $*****
- Tracxn Score: 45/100 What is this?
- Competitors Rank: 641 of 153,941 Competitors
2. AROBS
Key facts about AROBS
- Founded Year: 1998
- Location: Cluj napoca (Romania)
- Stage: Public
- Investors: EBRD and Agista
- Latest Funding Round: Post IPO, Jul 16, 2024, $*****
- Tracxn Score: 45/100 What is this?
- Competitors Rank: 660 of 153,941 Competitors
3. REEA
Key facts about REEA
- Founded Year: 2010
- Location: Targu Mures (Romania)
- Stage: Unfunded
- Tracxn Score: 41/100 What is this?
- Competitors Rank: 239 of 80,517 Competitors

4. Smart ID
Key facts about Smart ID
- Founded Year: 2010
- Location: Bucharest (Romania)
- Stage: Acquired
- Tracxn Score: 41/100 What is this?
- Competitors Rank: 1221 of 169,246 Competitors
5. Fortech
Key facts about Fortech
- Founded Year: 2003
- Location: Cluj napoca (Romania)
- Stage: Acquired
- Tracxn Score: 39/100 What is this?
- Competitors Rank: 390 of 80,517 Competitors
Companies founded year-on-year in the IT Services sector in Romania
11 new startups have been founded so far in 2026 in the IT Services sector in Romania. 116 IT Services startups in Romania were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 11 |
2025 | - |
2024 | 3 |
2023 | 13 |
2022 | 37 |
2021 | 51 |
2020 | 112 |
2019 | 116 |
2018 | 85 |
2017 | 88 |
Stage-wise distribution of IT Services sector companies in Romania
Out of the total 1,271 IT Services companies in Romania, 64 have secured funding. Among them, 51 have reached Series A or higher, and 51 to Series B or beyond.
Company Stage | No. of companies |
|---|---|
Founded | 1,271 |
Funded | 64 |
Series A+ | 51 |
Series B+ | 51 |
Series C+ | 51 |
Funding Trends in the IT Services sector in Romania
Total funding year-on-year in the IT Services sector in Romania
The IT Services sector in Romania saw a total funding of more than $91.1M in the last 10 years. The most amount of funding was in 2021 at more than $31.6M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | - |
2023 | $9.66M |
2022 | $364K |
2021 | $31.6M |
2020 | $11.4M |
2019 | $20.2M |
2018 | $5.78M |
2017 | $4.71M |
Recent Funding Rounds in IT Services in Romania
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 9399 | May 22, 2023 | ||
Seed | 8176 | Feb 21, 2023 | ||
Seed | 1620 | Feb 01, 2023 | and 3 more | |
Seed | 4115 | Sep 27, 2022 | ||
Seed | 7742 | 2022 |
Top Investors in IT Services in Romania
Investor | Location | Top Portfolio Companies |
|---|---|---|
Bucharest (Romania) | ||
London (United Kingdom) | - | |
Cluj napoca (Romania) | ||
Athens (Greece) | - | |
M&A activity in IT Services sector in Romania
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jun 05, 2026 | ||
Business Acquisition | Feb 12, 2026 | ||
Business Acquisition | Jun 21, 2024 | ||
Business Acquisition | Feb 27, 2024 | ||
Business Acquisition | Jan 09, 2024 |
Acquisition trends in IT Services sector in Romania
Here are the acquisition trends in IT Services sector in Romania:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | - |
2024 | 3 |
2023 | 5 |
2022 | 12 |
2021 | 6 |
2020 | 3 |
2019 | 1 |
2018 | 2 |
2017 | 1 |
IPOs in IT Services in Romania
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 06, 2021 | Bucharest Stock Exchange (BVB) |
Colleges which produce the most IT Services companies in Romania
Companies founded by alumni from top colleges in the IT Services in Romania
Most number of IT Services startups in Romania have been founded by alumni from Massachusetts Institute of Technology and University of Pennsylvania.
College | No. of companies |
|---|---|
Massachusetts Institute of Technology | 1 |
University of Pennsylvania | 1 |