Bucharest, 8th September 2025 – TechAngels Association, the most extensive and experienced community of private investors in technology startups in Romania, notes that, with the debates and adoption of Package 2, the removal of provisions on the mandatory conversion of Convertible Loan Agreements (CLAs) has been accepted.
“We are pleased that the arguments we presented, together with other associations, funds, and companies in the tech ecosystem, were heard and that we were able, on this occasion, to strengthen a collaborative working framework with state authorities. This is an important moment that can mark the beginning of a broader process: modernizing the legislative framework within which technology startups in Romania operate,” said Marius Istrate, Chairman of the Board of TechAngels.
For the ecosystem to reach its true potential, we need to continue with other essential improvements. For example, in the Companies Law, simplifying the procedures for winding up a startup could help entrepreneurs restart new activities more easily, and introducing share classes is a key mechanism for attracting investment and incentivizing teams.
The dialogue with the authorities shows recognition of the strategic importance of technology, alongside energy and industry. This recognition can be the foundation on which we build together a predictable and robust framework for financing and supporting technology startups.
“A modern and predictable framework is not only an advantage for founders and investors, but also a prerequisite for Romania to keep innovative companies, jobs, and the added value they create here. The openness shown in the debates on Package 2 makes us optimistic that we will succeed in integrating modern solutions aligned with European practices, so that Romanian startups can compete on equal footing with those from other technology hubs,” said Marius Istrate.
The TechAngels community will continue to be involved in shaping proposals that capitalize on opportunities for technology startups and reaffirms its commitment to supporting founders who, through energy, courage, and know-how, want to build companies with global impact here.
About TechAngels
TechAngels is the most extensive and experienced open group of private investors supporting the development of technology startups in Romania and the region. Since 2013, group members have invested over €46 million in the local and international ecosystem. The group has more than 140 members—entrepreneurs and executives with extensive experience locally and globally. To date, the TechAngels portfolio includes over 270 startups. Companies supported by group members from their early stages include UiPath, FintechOS, Veridion, Creatopy, Procesio, Druid, Tokinomo, Bright Spaces, Vatis Tech, Yarooms, TypingDNA, FieldOS, Machinations, MOCAPP, SmartDreamers, 123FormBuilder, and AMSIMCEL, which have achieved significant progress on the global technology scene.