Marius Ghenea, one of the most famous Romanian entrepreneurs, is joining the 3TS Capital team as senior adviser. His objective is to extend the investment portfolio in tech businesses. His focus will be on IT, software development and Internet of Things projects than can scale quickly. The fund managed by 3TS Capital, called Catalyst Romania, financed mainly from the Jeremie initiative – as part of the European Fund of Regional Development – is investing anywhere between 200.000 and 2 million euros in local companies. Lack of funding is one of the biggest issues of the Romanian startup ecosystem, however, very few companies are structured in a very scalable way, so Ghenea is advising them to develop a business plan that includes investment strategies.
