Romanian AI Startup Gaang Secures €1.6 Million to Revolutionize Online meetings with AI Assistant
Bucharest, Romania – Gaang, a Romanian AI startup founded by former Ericsson colleagues, has announced a new funding round of €1.6 million.The investment, led by Early Game Ventures (EGV), includes support from European funds allocated through Romania’s National Plan for Recovery and Resilience (PNRR), alongside participation from Inspire Capital. This latest funding builds on previous investments totaling €650,000 received in 2021 and 2022.
Gaang is developing an AI-powered assistant designed to transform the way teams conduct and benefit from online meetings. The company, launched in 2020 by Iulian Gheorghe, Raluca Trofin, and Dan Huru, addresses a growing need for enhanced productivity and actionable insights in the increasingly virtual workplace.
Beyond Note-Taking: An Active AI Participant
The Gaang assistant seamlessly integrates with popular platforms like Google Meet, Microsoft Teams, and Zoom. Unlike customary meeting tools that passively record transcripts, Gaang’s AI actively participates in conversations. Following meetings, it delivers comprehensive summaries, minutes, key conclusions, identified concerns, and assigned tasks directly to participants via email.For managers, Gaang offers a dedicated analytics section providing valuable data and insights into team dynamics, meeting effectiveness, and actionable recommendations for betterment. The company envisions a future where online meetings are not just about communication, but also about training, workflow initiation, and proactive task management – and aims to be at the forefront of this evolution.
Fueling Expansion and AI Progress
This new funding will be instrumental in Gaang’s expansion and the continued development of its AI-driven platform. The company is focused on evolving its product into a fully-fledged AI-powered work habitat, moving beyond simple assistance to actively contribute to meeting outcomes.
“In the era of artificial intelligence, online meetings are evolving,” a Gaang spokesperson stated. “We want to change the current situation where meeting tools play a passive role. We are building an actively participating assistant that will redefine how teams collaborate and achieve results in the virtual world.”
The investment from EGV II, a €60 million fund with €30 million assured capital from the Recovery Equity fund (PNRR/Next Generation EU), underscores the growing confidence in Romania’s burgeoning tech startup scene.
About Gaang:
Gaang is a Romanian AI startup developing an intelligent assistant for online meetings, designed to increase efficiency and provide actionable insights for teams using Google Meet, microsoft Teams, and Zoom. Founded in 2020 by former Ericsson engineers, Gaang is committed to revolutionizing the virtual collaboration experience. https://startupcafe.ro/startup-romanesc-google-meet-zoom-teams-finantare-htm-15622
About Early Game Ventures:
Early Game Ventures (EGV) is a leading Romanian investment fund focused on early-stage tech startups.[https://startupcafe.ro/fond-nou-investitii-