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05 April 2024·2 min read

Joy Laoun

News Editor, Vestbee

Romanian Genezio raises €1.8M pre-seed round led by Gapminder Ventures

Type-safe serverless platform Genezio has raised €1.8 million. The round was led by Gapminder Ventures, with participation from Underline Ventures and a group of angel investors. Underline Ventures informed Vestbee with details of the deal. 

  • Established in 2023 by Andrei Pitis, Bogdan Ripa, Bogdan Vlad, and Paula Cionca, Bucharest-based Genezio develops a platform for modern full-stack developers. The startup provides various environments, databases, authentication, giving users all the tools to build, deploy, test, and scale your app. Genezio optimizes cloud deployment to run efficiently, saving power, memory, and costs. 
  • Genezio claims that thousands of developers have been using the platform during its beta phase over the last three months, reporting reduced time to market for their apps. Explaining that it only takes 5 minutes to start coding and 2 minutes to deploy their app to production.

“Designed from the ground up to be future-proof, Genezio will save precious time for the millions of AI-enabled developers of the future. The robust deployment platform and type-safe calling mechanism maximize developer productivity and reduce the number of bugs. The developers of the future use LLMs to generate code, while Genezio takes care of the rest – deployment, automated testing, and hosting at scale,” CEO and co-founder of Genezio, Andrei Pitis.

Details of the deal

  • The leading investor is Gapminder Ventures, a venture capital fund that invests in tech startups from Romania and Eastern Europe, particularly Moldova, Serbia, Croatia, Slovenia, and Bulgaria. This is the first investment made by Gapminder Ventures from their second fund that was launched in 2024 and is aiming to raise €80 million.

“Genezio is operating on a paradigm shift - their products and services are transformative for the developer tools environment. Its vision and state-of-the-art technology help developers and enterprises to drastically speed up the implementation of new and fully automated ways to test and deliver their own code,” Gapminder Ventures, partner, Cosmin Ochisor. 

  • Bucharest-based Underline Ventures is a Romanian fund that invests in seed stages (pre-seed, seed, late seed) startups building high-growth business with global ambitions. Its typical investment amount is €500,000.

Genezio will use the funds to implement the go-to-market strategy and develop enterprise features, as current use cases include web, mobile, blockchain, AI, and automation apps.

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