• Daniela Bumbac University Lecturer, Moldova State University, Department of Finance and Banking, Moldova
  • Olga Stefaniuc Associate professor, PhD, Moldova State University, Department of Finance and Banking, Moldova
Keywords: venture capital, business angels, financing, venture capital risk funds


Venture capital is a way of financing generally used to support companies and small- business enterprises and innovative enterprises. It is becoming a very popular source of capital for new companies or enterprises that do not have access to capital markets, bank loans or other credit instruments. Venture capital provides financing during the various stages of the company's life cycle. For the small and medium sector, venture capital financing is one of the most accessible and efficient.


Dumitrescu D., Barsu E., The efficiency of investment funds in SME capital, Romanian Statistical Review - Supplement no. 10/2018, p.174-182, ISSN 2359-8972.

Van Osnabrugge, M., & Robinson, R. J., Angel Investing: Matching Start-up Funds with Start-up Companies - The Guide for Entrepreneurs, Individual Investors, and Venture Capitalits. San Francisco: Jossey-Bass Inc., 2000.

Financing SMEs and Entrepreneurs 2018: An OECD Scoreboard, OECD Publishing. Read.oecd-ilibrary. //

EU’s intervention instruments on centrally managed risk capital should be better targeted

Impact study on the establishment and operationalization of a venture capital investment fund, Romanian Academy, Increasing the administrative capacity of the Ministry for Business Environment, Trade and Entrepreneurship for the development and implementation of the evidence-based public policy system "- SIPOCA 5, Bucharest 2018, 576 p.

Regulation no. 5/1998 of the National Securities Commission of Romania regarding the establishment and operation of venture capital funds, in force since May 7, 1998 NBR Regulation no. 20 of 13. Oct.2009 on non-banking financial institutions Official Monitor, Part I 21. Oct.2009 Entry into force on 21. Oct.2009

European Venture Report: VC Dollars Rise In 2019

Stefanova, Julia. Venture capital in Central and Eastern Europe: A comparative analysis and implications for Bulgaria. // In: Journal of US-China Public Administration, January 2015, Vol. 12, No. 1, pp. 51-59

How to Cite
Bumbac, D., & Stefaniuc, O. (2021). VENTURE CAPITAL FINANCING: PARTICULARITIES AND OPPORTUNITIES. International Journal of Innovative Technologies in Economy, (2(34).