GapMinder is a venture capital firm founded in 2017, focused on investing in hyper-growth, early-stage B2B startups in the AI/Deeptech and SaaS sectors, born in Southeast Europe (SEE) and its diaspora. Its second fund, GapMinder Fund II, targets €80M for technology companies across Romania and Eastern Europe.
Average disclosed round size is $6.5M (across 15 rounds with reported amounts).
Portfolio
19
Fund Size
$86M
Top Stage
Seed
Last 12 Mo
0
Team
DM
Dan Mihaescu
Founding Partner
AR
Alexandru Ruff
Partner
CO
Cosmin Ochisor
Partner
CD
Cristian Dascalu
Partner
RH
Robert Herscovici
Venture Capital
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
31 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Druid | Series B | — | Sep 2023 |
 Finqware | Bridge | — | Jun 2023 |
 Veridion | Seed | $6M | Feb 2023 |
 Yarooms | Unknown | — | Oct 2022 |
| Druid | Growth | — | May 2022 |
 Aggero | Unknown | $2M | Mar 2022 |
 Machinations | Series A | $3.3M | Jan 2022 |
| Aggero | Seed | $2M | Jan 2022 |
| Yarooms | Growth | — | Jan 2022 |
| Druid | Series A | $15M | Jan 2022 |
 Frisbo | Seed | $2M | Nov 2021 |
| Finqware | Seed | — | Jan 2021 |
| Frisbo | Unknown | $2M | Jan 2021 |
| Machinations | Seed | — | Jun 2020 |
| BBeez | Unknown | $1.3M | Feb 2020 |
 TypingDNA | Series A | — | Jan 2020 |
 Apiary | Unknown | — | Jan 2020 |
| Frisbo | Unknown | — | Jan 2019 |
| Frisbo | Seed | — | Jan 2018 |
 Smartdreamers | Unknown | $700K | Jan 2016 |
 Cyscale | Seed | $430K | — |
 Data Against Data | Seed | — | — |
 Genezio | Pre-Seed | — | — |
 Salestools | Seed | — | — |
| OOutthink Io | Seed | $10M | — |
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Top Co-Investors
Hoxton Ventures5 shared
Karma Ventures5 shared
Endeavor4 shared
Seedcamp3 shared
Underline Ventures3 shared
Techstars2 shared
Smedvig Capital2 shared
TQ Ventures2 shared
Venrex Investment Management LLP2 shared
Founders Factory2 shared
Gradient Ventures1 shared
J2 Ventures1 shared
Notion Capital1 shared
Day One Ventures1 shared
Experian Ventures1 shared
OTB Ventures1 shared
Hiro Capital1 shared
Sofia Angels Ventures1 shared
Startup Wise Guys1 shared
Last updated: 20 October 2026