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Asternova Vest

Venture capital

Timișoara · Seed–Series A · 4 people tracked

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Investment thesis

Asternova Vest is a regional venture capital fund targeting Western Romania's next generation of tech founders. It writes initial and follow-on checks of €500k to €4M into Seed and Series A companies building from Romania toward global markets. The €37M closed-end fund is anchored by a €26M public commitment from ADR Vest, securing roughly 70% before private capital enters. It combines three institutions: French AIFM Aster Capital (Paris), regional innovation platform Iceberg, and venture-building engine Venture Booster. Governance, risk and compliance sit separately from portfolio management per AIFMD standards, with decisions running through an Investment Committee at Aster. The approach emphasizes conviction, institutional governance, fair terms, and experienced operators.

Source: firm website, verified Sep 27, 2026.

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Stage
Seed–Series A
Check
$550K – $4.4M
HQ
Timișoara, RO
Leads rounds
Leads
Instruments
Equity
AUM
$40.7M

Team · 4 people

from the firm's website
Ioana Ștefănuț· General Partner

General Partner with 20+ years in corporate banking, formerly at BNP Paribas.

Adrian-Marin Gheorghe· Partner

Partner who has mentored 600+ startups, 32 of which raised €6M or more.

Jean-Marc Bally· Managing Partner

Managing Partner at Aster Capital, Paris, which has raised approximately €600M across 8 funds.

Frequently asked questions

What stage does Asternova Vest invest at?
Asternova Vest invests at the Seed, Series A stages.
What is Asternova Vest's typical check size?
Asternova Vest typically writes checks of $550K – $4.4M.
What sectors does Asternova Vest focus on?
Asternova Vest focuses on AI & Machine Learning, Deep Tech, Sector Agnostic.
Where is Asternova Vest located?
Asternova Vest is headquartered in Timișoara, RO.
Does Asternova Vest lead rounds?
Yes, Asternova Vest leads investment rounds.

Images

Asternova Vest photo

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