Romanian startup Licenseware raises 500,000 euro from Early Game Ventures and Fortech Investments

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Licenseware, the Romanian startup that helps companies manage their IT costs, raised its second investment round worth 500,000 euros. Early Game Ventures led the round with participation from Fortech Investments.

“I’m happy to say that, over the past 6 months since the initial Pre-Seed investment, Licenseware has gained the right level of traction to raise another round. This has been a result of our team’s tremendous effort coupled with strong market validation,” said Alex Cojocaru, Co-Founder, and CEO of Licenseware.

Licenseware is the first open app ecosystem of software license management. The startup helps companies reduce the costs, risks, and complexity associated with using enterprise software. Licenseware’s solutions make it easy to make quick and informed decisions and allow organizations to control how they buy and use the software.

“Our initial round has given us enough fuel to reach the next stage in our evolution. Now it’s time to take it up a notch. This second round will further accelerate our growth rate and allow us to properly expand in other markets such as the US and Australia.

Since its launch in 2020, Licenseware has been busy signing its first clients, graduating from the How To Web and StepFWD accelerators, and receiving nominations for innovating the IT asset management market.

Read more on start-up.ro.