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Top 10 Angel Investors in Serbia (September 2026)

The most active angel investors investing in Serbia startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Serbia startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Tihomir Bajic
Angel
2 Serbia, Canada, United States Seed, Pre-Seed, Series B Software, Blockchain, CRM $800k–$5M
Xenia Muntean
Angel
2 Serbia, Slovenia Seed Software, E-Commerce, Manufacturing $1.2M–$1.5M
Iulian Circiumaru
Angel
1 Serbia, Romania Seed Retail, Software, Wine and Spirits $965k–$1.2M
Ronyp Kahan
Angel
1 United States, United Kingdom, Serbia Seed, Series A, Series B Software, SaaS, B2B $635k–$27M
John Lilic
Angel
1 India, France, United States Seed, Angel, Series A Blockchain, Web3, Software $375k–$8M
Eric Ries
Angel
1 United States, Serbia, Australia Seed, Series A, Pre-Seed Software, SaaS, Internet $40k–$15M
Vlad Ionescu
Angel
1 United States, Serbia, Romania Seed, Series A Software, B2B, Cyber Security $223k–$7M
Robert Dighero
Angel
1 United Kingdom, Serbia, Sweden Seed, Angel, Series A FinTech, Financial Services, Payments $223k–$6.5M
Daniel Dines
Angel
1 United States, Germany, United Kingdom Series A, Seed, Series B Software, SaaS, Artificial Intelligence $1.9M–$54M
Ivan Bjelajac
Angel
1 Serbia Seed SaaS, Web3, FinTech
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Investor list

Tihomir Bajic
Angel · Toronto, Ontario, Canada · 2 investments in Serbia startups

Tihomir Bajic is the CEO of LTSE Software.

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Investment focus

  • Industry: Software, Blockchain, CRM
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Serbia, Canada, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $3.1M–$5M; Pre-Seed $800k–$892k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Tenderly — Ethereum developer platform that enables you to build innovative blockchain products.
  • LeadDelta — Organize your team's connections, surface warm intros with AI, and work every conversation from one inbox. Used by 40,000+ professionals. No spam.
  • Orgnostic — Orgnostic is the human capital analytics platform for startups. Orgnostic provides investors and leadership teams with high-quality organizational insights that link organizational dynamics with companies’ bottom lines, creating better and more sustainable businesses for the new economy.
Show all investments...

Xenia Muntean
Angel · San Francisco, California, United States · 2 investments in Serbia startups

Xenia Muntean is a tech entrepreneur, passionate about all things social media. She is co-founder and CEO at Planable.

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Investment focus

  • Industry: Software, E-Commerce, Manufacturing
  • Stage:Seed
  • Geography: Serbia, Slovenia

Investor stats

  • Total investments: 3
  • Round size: Seed $1.2M–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • SaleSqueze — The 3D configurator for outdoor living that prices your product on the spot, writes the quote itself, and helps you close before the deal goes cold.
  • Collabwriting — Collabwriting is a simple browser extension that helps you share, comment and collaborate on content you find online
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Iulian Circiumaru
Angel · 1 investments in Serbia startups

Iulian Circiumaru is the co-founder of Benefit Seven.

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Investment focus

  • Industry: Retail, Software, Wine and Spirits
  • Stage:Seed
  • Geography: Serbia, Romania

Investor stats

  • Total investments: 4
  • Round size: Seed $965k–$1.2M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Zaganu — Zaganu is a beverage company that specializes in producing a variety of beers.
  • Collabwriting — Collabwriting is a simple browser extension that helps you share, comment and collaborate on content you find online
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Ronyp Kahan
Angel · Austin, Texas, United States · 1 investments in Serbia startups

Rony Kahan is the CEO and co-founder of Indeed, the world's leading job site. More people get hired with Indeed than anywhere else. Rony previously co-founded jobsinthemoney.com, the leading job site for financial professionals in 1998 and sold it to Financial News in 2003. Rony's background includes technology consulting at AndersenConsulting (now Accenture) and consumer goods product marketing. He holds an MBA with Distinction from INSEAD and a BSc Honors in Economics from Texas A&M University.

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Investment focus

  • Industry: Software, SaaS, B2B
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Serbia

Investor stats

  • Total investments: 19
  • Round size: Seed $635k–$4M; Series A $5.4M–$8M; Series B $15M–$27M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Trainual — Trainual is the only training and knowledge management platform that's also rated number one for onboarding, SOPs, process documentation, and learning management. Used and loved by hundreds of thousands of small biz leaders worldwide.
  • Orgnostic — Orgnostic is the human capital analytics platform for startups. Orgnostic provides investors and leadership teams with high-quality organizational insights that link organizational dynamics with companies’ bottom lines, creating better and more sustainable businesses for the new economy.
  • Hyper — Our Augmented Reality platform enables every business to serve their customers on a one-to-one basis, with guidance and information to supercharge their experience.
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John Lilic
Angel · Zug, Zug, Switzerland · 1 investments in Serbia startups

John Lilic is an early Bitcoin and Ethereum adopter and an early ConsenSys employee who spent six years with the company helping it grow to an international leader in the blockchain ecosystem. He is now running his own dedicated family office out of Switzerland while also serving as an investor and product development advisor at Polygon. John isalso a co-founder and treasurer at Code to Inspire, a 501c3 non profit dedicated to teaching Afghan girls how to code.

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Investment focus

  • Industry: Blockchain, Web3, Software
  • Stage:Seed, Angel, Series A
  • Geography: India, France, United States

Investor stats

  • Total investments: 17
  • Round size: Seed $375k–$8M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Syntetika — Syntetika is a decentralized platform that enables the issuance and trading of tokenized assets.
  • Hilbert Group — Hilbert Group is a digital assets specialist with focus on algorithmic trading. We offer hedge-fund products as well as managed accounts.
  • Robin Markets — Earn yield on Polymarket positions.
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Eric Ries
Angel · San Francisco, California, United States · 1 investments in Serbia startups

Eric Ries is the Founder and Executive Chairman of Long-Term Stock Exchange. He previously worked at Kleiner Perkins Caufield and Byers as a Venture Advisor. Eric Ries attended Yale University.

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Serbia, Australia

Investor stats

  • Total investments: 67
  • Round size: Seed $500k–$6.1M; Pre-Seed $40k–$3.4M; Series A $1M–$15M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Augie Studio — Helping people make more compelling videos, at a fraction of the time and effort
  • Sinatra — Sinatra is a technology company that, with its all-in-one app, aims to revolutionize the hospitality industry. It provides Sinatra Training, which enables continuous digital training for employees by allowing employers to upload content and employees to access it via the app.
  • Harmony Intelligence — AI cybersecurity products that solve your AppSec, SecOps, and corporate security challenges.
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Vlad Ionescu
Angel · 1 investments in Serbia startups

Vlad Ionescu is Chief Marketing Officer at Tokinomo - Robotic Shelf Advertising. Attended at University of Bucharest.

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Investment focus

  • Industry: Software, B2B, Cyber Security
  • Stage:Seed, Series A
  • Geography: United States, Serbia, Romania

Investor stats

  • Total investments: 8
  • Round size: Seed $223k–$1.5M; Series A $6.5M–$7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Metadata — Metadata is an autonomous demand generation platform that automates the most critical but often tedious tasks in marketing to help companies efficiently scale their demand generation efforts. Through machine learning, a proprietary corporate-to-personal identity graph, and automatic optimization to revenue KPIs, Metadata’s platform generates demandfrom target accounts and converts them to customers much faster than legacy methods. Innovative B2B marketers at Zoom, RingCentral, Slack, Thoughtspot and Vonage rely on Metadata to generate predictable velocity of inbound pipeline from target accounts. 3 USPTO patents.
  • Trickest — Add SEO description here.
  • Respeecher — Voice cloning: create speech that's indistinguishable from the original speaker. Perfect for filmmakers, game developers, and other content creators.
Show all investments...

Robert Dighero
Angel · London, England, United Kingdom · 1 investments in Serbia startups

Robert Dighero has over 20 years operational experience, the last 15 working with the internet. He is a partner at White Bear Yard and an active investor across Europe focused on early stage e-commerce, payment and marketplace businesses. He has led a number of investment syndicates and taken on a number of board and advisory roles.Robert waspreviously CFO of QXL ricardo from 1998 to 2008, overseeing development from start-up to its eventual sale to Naspers. He managed a diverse range of corporate actions including its dual listing IPO, consolidating the European online auction market with nine acquisitions, the largest over $1 billion and launching an MBO.The QXL Group was the best performing share on Main Market in both 2004 and 2005 and in the All-Share in 2007 with an over 35,000% share price increase in 5 years. Robert was short-listed for CBI / Real FD, FD of the Year in 2007 and the following year negotiated the £1 billion sale of QXL via a public take-over offer.Prior to QXL, Robert was CFO of AOL UK and previous roles included that of M&A at Bertelsmann USA and at Verulam Investments. Robert started his career at Bain & Co, having left Cambridge with a First class degree and a post-graduate degree in Engineering and has an MBA from Insead.

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Investment focus

  • Industry: FinTech, Financial Services, Payments
  • Stage:Seed, Angel, Series A
  • Geography: United Kingdom, Serbia, Sweden

Investor stats

  • Total investments: 19
  • Round size: Seed $1M–$6.5M; Angel $223k–$828k; Series A $2.3M–$3.7M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Swipe — Swipe helps you make quick, beautiful, responsive presentations and lets you broadcast them in real-time to anyone, on any device, anywhere in the world. Swipe turns your presentations into conversations, by putting your content in the hands of your audience and lets you interact with real-time polls for a more modern, engaged, two-way presentationexperience. Rebuilt from the ground up with the tools to help save you time and make better presentations.
  • Lendino — Lendino er en markedsplads for lån, hvor private og professionelle investorer kan låne direkte til kreditværdige virksomheder til begge parters fordel. Ved at bruge lånemarkedspladsen sparer man tid, penge og besvær — både som investor og låntager. Du kan læse mere om hvordan Lendino virker her.
  • Lendable — Lendable is a lending platform. When you borrow money, it comes straight from an investor. Unlike banks, who hand out loans from piles of cash they look after on behalf of savers. Their platform is super-fast (you’ll see in a moment), and makes lending as hassle- free as possible. It’s a matter of a few clicks and you get your quote. Unlike banks,who require paperwork and run expensive branch networks.
Show all investments...

Daniel Dines
Angel · Dover, Delaware, United States · 1 investments in Serbia startups

Daniel Dines is based out of New York, New York, and is the Founder, Chief Executive Officer, and Chief Innovation Officer of UiPath. Daniel Dines attended the University of Bucharest.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 25
  • Round size: Seed $1.9M–$7.4M; Series A $6M–$35M; Series B $10M–$54M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • RobCo — Easily automate the repetitive tasks in your production facility with modular industrial robots from RobCo.
  • Klarity — Automated document management for finance and accounting - Review, Reporting, and Audit Trail.
  • DoNotPay — Continue surfing free trials, beating parking tickets, suing robocallers for cash, and more.
Show all investments...

Ivan Bjelajac
Angel · Belgrade, Vojvodina, Serbia · 1 investments in Serbia startups

I am a serial entrepreneur who has been building software products since 2001, leading to 6 startup exits. In 2015 I fell in love with web3 and am now 100% focused on building the infrastructure for fast and scalable fault-tolerant internet.

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Investment focus

  • Industry: SaaS, Web3, FinTech
  • Stage:Seed
  • Geography: Serbia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tenderly — Ethereum developer platform that enables you to build innovative blockchain products.
Show all investments...

Angel investor funding in Serbia at a glance

Stats across 16 deals from 21 investors.

21
investors
in Serbia startups
16
deals
in Serbia startups
$1.2M
median round
in Serbia startups
5%
lead investors
lead at least one round
50%
Seed
most common funding stage

Access all 21 angel investors in Serbia startups.

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