Top 5 Artificial Intelligence Startup Investors in Serbia (October 2026)

Serbia was one of the first countries in the region to embrace the so-called “innovation imperative”, that is the notion that successful participation in the global knowledge economy requires the ability to adapt and advance new technological and research capabilities that involve public and private collaboration.Operational since 2011, theInnovation Fund has been a pioneering effort to operationalize and institutionalize this imperative – first by increasing the capacity of startups and resources available for their growth. It is part of a broader innovation strategy now under development.The intention of the Innovation Fund is to contribute to the overall development of innovations through various financial aid instruments, particularly by fostering the establishment of new and strengthening the existing companies, by positioning them to access venture capital markets, and by attracting foreign direct investment in the high-tech research and development.Innovation Fund aims to promote linkages between research and technology development and economy, and encourage and support the development of innovative technologies.The EU’s support for the Innovation Fund has been instrumental in advancing Serbia’s innovation financing and promoting better integration between the research and private sectors. The Fund is thus an important step towards closer links between Serbia’s and EU’s research communities and innovation ecosystems. It enables the positioning of Serbia as a leader in the region and the establishment of links with the EU and global markets. So far, the EU has allocated around EUR 13 million from the IPA funds to the Innovation Fund.

Investment focus

Industry: Artificial Intelligence, Software, Analytics
Stage:Pre-Seed, Grant, Seed
Geography: Serbia, United States

Investor stats

Total investments: 7
Round size: Seed $35k–$100k; Grant $84k–$113k; Pre-Seed $52k–$133k
Lead/follow: 71% lead, 29% follow

Portfolio highlights

VLADAM — VLADAM is an automated smart (AI-based) cryptocurrency trading solution that generates and maintains passive income from cryptocurrency trading.
Valuator — Upravljanje nabavkom jednim klikom
INVT Novi Sad — The first and only app that reads & analyzes privacy policies on your behalf.

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Omorika is the traditional name of Picea omorika, one of the most fascinating endemic trees in the world. Our fund is named Omorika in honor of this endangered beauty.morika is the perfect symbol of our investment fund (authentic and rare) and what it strives to become (gigantic and strong). It is also an ideal measure we are looking for in our future partners - endurance and groundbreaking spirit.

Investment focus

Industry: SaaS, Software, Gaming
Stage:Pre-Seed, Seed
Geography: Serbia, Belgium, Germany

Investor stats

Total investments: 11
Round size: Seed $23k–$325k; Pre-Seed $34k–$59k
Lead/follow: 82% lead, 18% follow

Portfolio highlights

randevu.tech — randevu is providing complete technical infrastructure in cloud, that enables companies throughout full marketplace business life-cycle: from building, to running and scaling.
Bitebell — Manage 3rd party delivery, integrate online orders to POS, manage menus on delivery platforms and orchestrate on-demand delivery networks.
Trickest — Add SEO description here.

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South Central Ventures is dedicated to investments in startups, small and medium globally oriented technology companies in SE Europe.

Investment focus

Industry: Software, SaaS, Artificial Intelligence
Stage:Seed, Pre-Seed, Series A
Geography: United States, United Kingdom, Serbia

Investor stats

Total investments: 63
Round size: Seed $224k–$3M; Pre-Seed $34k–$2M; Series A $335k–$5.3M
Lead/follow: 59% lead, 41% follow
Last fund: Likely still investing — raised $78M in 2022

Portfolio highlights

Bubo² — Easily sell & rent high-value equipment online with immersive 3D technology. Drive conversions and boost customer confidence.
GlycanAge — The only biological age test that accurately measures your unique response to life changes. Discover your biological age and make lifestyle improvements!
Katalist — AI video tool for performance agencies. Generate shots with the best models, keep characters + products consistent, and scale across client in the portfolio.

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All-in-one solution for fundraising, managing and trading equity. Explore promising tech startups and flexible funding opportunities with SeedBlink.

Investment focus

Industry: Software, SaaS, Information Technology
Stage:Seed, Pre-Seed, Series A
Geography: Romania, United States, United Kingdom

Investor stats

Total investments: 123
Round size: Seed $348k–$2.2M; Pre-Seed $139k–$1M; Series A $2.5M–$35M
Lead/follow: 20% lead, 80% follow

Portfolio highlights

Dronamics — Dronamics offers an all-in-one solution for the middle-mile powered by our Black Swan cargo drone, a network of droneports, and fully mobile control and cargo systems.
Pago — Pago develops a digital payments platform that allows users to manage and pay household expenses through a mobile application. The company provides bill payment services for utilities, insurance, taxes, mobile prepaid recharges, road tolls, and travel-related services within a unified interface. Its platform supports account aggregation, automaticbill retrieval, payment scheduling, and notification tools that help users organize recurring financial obligations. Pago also integrates with banking and financial service applications to extend payment capabilities across partner ecosystems. The company includes transaction history, account management, and digital document storage features to support personal finance tracking and payment administration. In addition, Pago uses encrypted communications and secure payment processing technologies to support data protection and digital transaction security for consumers and partner platforms.
Footprints AI — Retail Media Powered by AI That Understands Why People Buy. Connected to Real Shopper Purchases. Footprints AI is the most advanced platform to buy or sell retail ads - in stores and online - with precise targeting across the largest retail media ecosystem.

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