Catalyst Romania Fund I announces the sale of its shares in avocatnet.ro (Inteligo Media), Information as a Service platform dedicated to compliance and regulatory insights in Romania, back to the company’s founding team.
This marks Catalyst Romania’s 6th exit, after VectorWatch was sold to FitBit, SmartBill to Visma, 123FormBuilder to Kiteworks, Vola.ro to Resource Partners, Green Horse Games to Miniclip/Tencent.
Initially focused on advertising-based revenues, avocatnet.ro grew steadily, particularly after the investment from Catalyst Romania Fund I. It evolved into a comprehensive digital platform, offering daily updates and in-depth analyses of legislative and tax changes through a subscription model.
“We would like to thank Marius Ghenea and Alina Georgescu from Catalyst Romania for all these years of collaboration. We highly recommend them to anyone who believes they are developing something extraordinary and needs a partner to help take their business to the next level. For us, working with Catalyst has been a crucial step in our company’s growth. Without a doubt, avocatnet.ro would not be what it is today,” said Alin Popescu, founder and CEO of avocatnet.ro.
Expanding education and strengthening partnerships
Over time, the company has broadened its educational mission by providing online courses, workshops, and practical guidance. It aims to support a wide range of users, from freelance professionals to established businesses, in understanding and complying with new regulations like GDPR, e-Factura, and SAF-T, while also helping them navigate the complexities of Romania’s legislative framework.
“Our collaboration with avocatnet.ro demonstrates the fact that constructive dialogue and genuine partnership can foster a company’s growth and development. We’ve had the privilege of working alongside talented founders who consistently pushed for innovation, user-centric solutions, and high-quality educational offerings. We’re delighted to see avocatnet.ro now recognized as one of the country’s most trusted portals, a leading hub for legislative and tax-related knowledge and we are certain the team will keep raising the bar,” said Marius Ghenea, Managing Partner Catalyst Romania.
“For Catalyst Romania Fund I it is time for the exit, given the vintage of our initial VC fund, the first VC Fund for Romania, launched based on the JEREMIE initiative a dozen years ago,” Ghenea added.
