Other exits include Vector Watch acquired by FitBit, which subsequently sold to Google, SmartBill acquired by Visma, Vola acquired by Resource Partners and Green Horse Games acquired by Miniclip, a Tencent subsidiary.

Catalyst Romania Fund I was the first early-stage venture capital Fund in Romania and was financed through EIF’s JEREMIE program (the JEREMIE Romania initiative). It invested in 10 well-known Romanian tech companies in recent years, including, AvocatNet.ro, Simartis, SmartDreamers or OmniConvert.

123FormBuilder develops easy-to-use form creation software for thousands of applications across various verticals. The Company initially targeted mainly English-speaking countries and has expanded into a multi-language offering, both for SMEs and enterprise clients by providing application design options, payment processing and regulatory compliant data management. Currently 35,000 users worldwide rely on 123FormBuilder’s cloud-based software that automates data collecting workflows using web forms and surveys.

“123FormBuilder was a key investment in Catalyst Fund I and we are proud to see the Company entering its next development phase, which confirms the success story of the business started in Timisoara, Romania. We are proud to have worked with co-founder and CEO, Florin Cornianu and the rest of the team, in helping 123FromBuilder grow. It’s impressive to see this Company be acquired by Kiteworks, a large global strategic player in the secure private content software vertical, who recently announced it has just closed a growth investment round of almost half a billion dollars, just before finalizing the acquisition of 123FormBuilder.” said Marius Ghenea, Managing Partner, Catalyst Romania.

Florin Drăgan, rector UPT: "Trebuie să investim în tehnologii avansate și inovare"

“The Catalyst team helped a lot even before their investment in 123FormBuilder, and Marius and his colleagues supported us in good and in challenging times all these years, not only with investments, but also with guidance, know-how or networking. For me as co-founder/CEO this was extremely valuable and I wanted to give them my heartfelt thanks for that!” added Florin Cornianu, CEO of 123FormBuilder.