Nucleo Ventures announced the launch of a new €34 million fund to invest in companies active across the region.
The firm marked the launch at an event in Cluj-Napoca, Romania, where it brought together partners, supporters, and members of the startup ecosystem.
Nucleo Ventures said the fund will back founders building new companies in the region and will support entrepreneurs even before they are ready to launch a minimum viable product.
The fund will combine grants and equity financing, which Nucleo Ventures described as a first for Romania and the broader region.
This structure is intended to help founders move into entrepreneurship earlier by providing non-dilutive support alongside traditional venture investment.
Nucleo Ventures said the new fund will focus on investing in promising founders and businesses while helping early teams take their first steps toward company formation, product development, and market entry.
The firm said it will share more details about the fund in the coming days.
The launch expands the capital available to early-stage founders in Romania and neighboring markets at a time when regional startup ecosystems continue to mature.
Nucleo Ventures said it is excited to begin building the fund’s portfolio and supporting the startups that will become part of its next phase.
