With investments in technology startups stagnant over the past two years and a sense of caution in the venture capital industry, ROCA announced that it would. The first important news is that CODA Intelligence is a Romanian start-up specializing in cybersecurity solutions by PDQ, the world’s leading provider of IT asset management software, offering products complementary to CODA.
Following this strategic acquisition, PDQ also launched PDQ Detect, an innovative solution for scanning and managing software vulnerabilities, developed in cooperation with Romanian startup CODA Intelligence. Announced.
CODA Intelligence was one of the first startups identified and selected by ROCA X in 2019. At the time, they only had a minimum viable product (MVP). To support the founder’s ambitions to develop products primarily for the cash-intensive US market, the small size of his ROCA X at the time required a syndicated funding round. Together with trusted co-investors.
“Less than five years after the fund’s launch, this remarkable exit from a startup that has been supported from its early stages has identified an undiscovered gem and identified a startup with tremendous growth potential. It proves ROCA It confirms our dedication to delivering on our promise.” ROCA X CEO Aleksandr Bogdan said:. “We are pleased to celebrate another impactful exit and are proud to have played a key role in CODA Intelligence’s growth journey in the cybersecurity space.”
After a period of caution, the startup ecosystem is showing signs of optimism. Regarding activities in the first quarter of this year, ROCA It shows the continued efforts of VC.
ROCA X has participated in the funding round of fintech FilmChain, which is already included in ROCA The round was led by Holt IntersXion, a Canadian VC focused on the entertainment and fintech industries in which FilmChain operates. Other industry representatives including TechAngels Romania, DeBa Ventures and Hearst also took part in the funding, with a target of $3 million (£2.3 million). This round is open to even more investors for his $500,000 investment ticket. Filmchain is a London-based financial technology (fintech) company founded by two Romanians specializing in real-time revenue management for the international film, television and gaming industry.
During this first quarter, ROCA X Fund launched follow-on funding rounds to further support the growth plans of iFactor and Munevo startups. “At ROCA X, we believe that disruptive technologies can bring about positive change in society and create added value. Therefore, over the past 12 months, we continued to support resilient companies through investments worth a total of €1.5 million. This represents a significant percentage of companies.We provide fund size to companies such as Bunnyshell, Kinderpedia, Miluu, Medicai, Rayscape and Munevo, as well as know-how and guidance with existing and new investors. ” Alexandre Bogdan, CEO of ROCA X, added:
