Fundraising Fox

Asternova Vest

Venture capital

Timișoara · Seed–Series A · 4 people tracked

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Investment thesis

Asternova Vest is a regional closed-end fund targeting the next generation of tech founders in Western Romania. It combines a Paris-based AIFM (Aster Capital) handling risk and institutional compliance with a local operating team in Timișoara sourcing regional deals, plus the Iceberg innovation platform and the Venture Booster venture-building engine. The fund writes initial and follow-on checks of €500k to €4M into Seed and Series A companies building from Romania toward global markets. It is anchored by a €26M public commitment from ADR Vest, representing roughly 70% of the fund secured at first close. The approach emphasizes conviction, institutional governance separated from portfolio management per AIFMD standards, and experienced operators.

Source: firm website, verified Aug 16, 2026.

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 over 20 years in corporate banking, formerly at BNP Paribas.

Adrian-Marin Gheorghe· Partner

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

Jean-Marc Bally· Managing Partner

Managing Partner at Aster Capital in 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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