Romanian HRtech Undelucram receives €1M in a late-seed round  

The Bucharest-based operator of online employees’ community Undelucram has received €1 million led by Sofia Angels Ventures. The fresh round will be used for further expansion.

  • Launched by entrepreneur Costin Tudor, Underlucram is a regional network of online employer branding and recruitment platforms, The platform is based on machine learning algorithms and aggregated user data, matching the interests of candidates in the job market with those of employers.
  • The network currently activates in 14 countries: Romania, Bulgaria, Hungary, Greece, Ukraine, Moldova, Czech Republic, Poland, and the MENA area (Algeria, Egypt, Morocco, Tunisia, Saudi Arabia and the United Arab Emirates).
  • This is the fourth round of investment for The latest one was in December 2022, then it has raised €200,000 from local venture capital fund GapMinder. 
  • The current investment was led by Sofia Angels Ventures, a Bulgarian investment fund, joined by the exciting investment fund GapMinder, an international investment banking and private equity fund management firm Head North, the technology startup co-investment platform SeedBlink, and a business angel. 
  • Undelucram will spend the round for its further expansion in CEE, Asia, and Africa.