Romania
Europe · Pop. 19.1M · #49 startup ecosystem by EV
Adjacent ecosystems by EV
Startup hubs
Inside Romania: top 1 startup hubs
Sub-national ecosystems ranked by combined enterprise value of all tracked startups headquartered there.
Startup funnel
Romania's power-law funnel
From every VC-backed startup down to the biggest scale-ups. Conversion rates show what fraction of one tier graduate into the next. Capital figures (where shown) are total VC deployed at that stage.
Enterprise value · 2015–2025
Romania grew 51.1× since 2015
Combined enterprise value of every tracked startup headquartered in Romania that's still operating today, totalled by founding-year cohort.
Vs. similarly-sized ecosystems
How Romania stacks up
Peers chosen from the same Europe cluster within ±70% of Romania's combined EV. The scatter plots growth × current size for the wider continent — outliers in the upper-right are ecosystems compounding fastest.
Top overview
Europe ecosystems — combined view
Top ecosystems in Europe ranked by combined EV. Romania's row is highlighted.
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United Kingdom | $1.2T | 4.6× | 211 | $24.1B | 20K |
| 2 | France | $414.1B | 5.6× | 65 | $8.4B | 9,082 |
| 3 | Germany | $410.2B | 4.0× | 86 | $8.3B | 8,710 |
| 4 | Netherlands | $346.9B | 2.7× | 39 | $3.2B | 3,887 |
| 5 | Sweden | $286.4B | 5.5× | 56 | $3.5B | 3,215 |
| 6 | Switzerland | $214.1B | 3.5× | 47 | $4.3B | 3,003 |
| 7 | Denmark | $141.3B | 4.3× | 23 | $1.8B | 1,659 |
| 8 | Belgium | $106.3B | 7.2× | 12 | $900.8M | 1,871 |
| 9 | Ireland | $105.9B | 4.9× | 24 | $1.2B | 1,959 |
| 10 | Spain | $98.4B | 5.4× | 17 | $3.4B | 4,529 |
| 11 | Finland | $78.9B | 3.9× | 10 | $2.2B | 1,726 |
| 23 | Romania | $13.9B | 11.4× | 2 | $140.2M | 462 |
Patent intelligence
Romania startup IP portfolio: 233 patent families
Granted patent families assigned to startups headquartered in Romania. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
Premium analytics
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