Funded Startups in Tbilisi
Among the 11 Tbilisi-area funded entries shown, the only disclosed round above $10M is Bank of Georgia’s $20M debt financing (2022-09-15); the next-largest…
Among the 11 Tbilisi-area funded entries shown, the only disclosed round above $10M is Bank of Georgia’s $20M debt financing (2022-09-15); the next-largest disclosed amount is EVEX Hospitals’ $10M (2022-09-14), with Cargon’s $2M (2023-12-20) and Wempler’s $330K (2024-01-09) falling well below. Most disclose amounts are missing: 7 of 11 entries list “undisclosed,” including CityPay.io (2024-05-08) and Arena Games (2023-06-14).
The disclosed rounds cluster into two date blocks, with activity concentrated from 2022-09-14 to 2022-09-15 (EVEX Hospitals and Bank of Georgia) and again in late 2023 to early 2024 (Cargon on 2023-12-20 and Wempler on 2024-01-09). Stage labeling is also uneven: only one entry is “Debt Financing” (Bank of Georgia), while “Seed” appears repeatedly (e.g., Cargon 2023-12-20; Wempler 2024-01-09 is Pre-Seed; Biliki App 2022-05-23 is Seed). Sectors are diverse—no single sector repeats three times or more in this slice—while the most recent row is CityPay.io on 2024-05-08.
Most recent rounds
11 shownRelated listings
Frequently asked
What disclosed round stands out in this Tbilisi list, and how far above the rest is it?
Bank of Georgia’s $20M debt financing on 2022-09-15 is the largest disclosed amount shown; it sits above EVEX Hospitals’ $10M (2022-09-14) and dwarfs the next disclosed entries like Cargon’s $2M (2023-12-20) and Wempler’s $330K (2024-01-09).
How complete is the picture on deal sizes, and does “undisclosed” dominate?
Yes. 7 of the 11 entries show “undisclosed” amounts (including CityPay.io on 2024-05-08 and Academy of Digital Industries on 2023-12-22), leaving only four disclosed amounts to compare across the list.
Are there temporal clusters in the rounds shown, especially around the middle of the date range?
Two tight edges appear: EVEX Hospitals ($10M) and Bank of Georgia ($20M) close within one day of each other on 2022-09-14 and 2022-09-15, and disclosed activity resumes later with Cargon on 2023-12-20 ($2M) and Wempler on 2024-01-09 ($330K).
What stage mix dominates the page, and is “Debt Financing” an outlier stage?
Seed is the most frequent explicit stage label in the rows provided (Cargon 2023-12-20; Arena Games 2023-06-14 is Seed; Biliki App 2022-05-23 is Seed; plus two additional “Seed” entries marked in the table). “Debt Financing” appears only once (Bank of Georgia on 2022-09-15 at $20M), making it a stage outlier in this slice.
Do any sectors appear repeatedly in this 11-row Tbilisi sample, or is it mostly spread across different themes?
It’s mostly spread out: no sector repeats three times or more across the 11 entries. Examples include Blockchain Services (Arena Games, Seed on 2023-06-14) and AI (Ensofy, Pre-Seed on 2022-08-02), alongside Transportation (Cargon) and Health Care (EVEX Hospitals).
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