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Top 25 Enterprise Startup Investors in Serbia (July 2026)

The most active venture capital funds and angel investors investing in Serbia Enterprise startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Serbia Enterprise startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
South Central Ventures
VC Fund
5 United States, United Kingdom, Serbia Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $33k–$5.5M
Eleven Ventures
VC Fund
3 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.7M
Earlybird Venture Capital
VC Fund
2 Germany, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $1.4M–$75M
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $900k–$62M
Credo Ventures
VC Fund
2 United States, United Kingdom, Czech Republic Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $371k–$19M
Tokonomy
VC Fund
2 Serbia Seed, Pre-Seed Web3, Internet, Web Design
Maven 11 Capital
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Pre-Seed Blockchain, Financial Services, Cryptocurrency $525k–$43M
KR1
VC Fund
2 United States, United Kingdom, Switzerland Seed, Series A Blockchain, Internet, Cryptocurrency $100k–$43M
European Bank for Reconstruction and Development
VC Fund
2 Turkey, Egypt, Ukraine Debt Financing, Post-IPO Debt, Series B Financial Services, Banking, Finance $4M–$281M
Version One Ventures
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B Software, Internet, Blockchain $1.4M–$55M
PvX Partners
VC Fund
1 United States, Brazil, Cyprus Debt Financing, Corporate Round Apps, Software, EdTech $2M–$25M
Ivan Bjelajac
Angel
1 Serbia Seed Internet, Software, Blockchain
Vlad Ionescu
Angel
1 United States, Serbia, Romania Seed, Series A B2B, Software, Cyber Security $212k–$7M
Daniel Dines
Angel
1 United States, Germany, United Kingdom Series A, Seed, Series B Software, SaaS, Artificial Intelligence $1.9M–$55M
Accel
VC Fund
1 United States, India, United Kingdom Series A, Series B, Seed Software, SaaS, Information Technology $1.6M–$74M
Moonfire Ventures
VC Fund
1 United Kingdom, United States, France Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $500k–$25M
Catalyst Romania
VC Fund
1 Romania, United Kingdom, Serbia Seed, Series B Software, Retail, FinTech
ICT Hub Venture
VC Fund
1 Serbia, Germany Pre-Seed, Seed B2B, Software, Web Design $33k–$55k
Euroventures
VC Fund
1 Hungary, United Kingdom, United States Series A, Seed Software, Information Technology, E-Commerce
KG Ventures
VC Fund
1 Russian Federation, Serbia, Romania Seed, Pre-Seed, Series A Software, SaaS, PaaS $112k–$300k
SeedBlink
VC Fund
1 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $137k–$35M
Crew Capital
VC Fund
1 United States, United Kingdom, Brazil Seed, Series A, Series B Software, SaaS, Information Technology $3.5M–$94M
Underline Ventures
VC Fund
1 Romania, United States, Serbia Seed, Pre-Seed, Series A Software, Machine Learning, E-Commerce $865k–$19M
Fansara
VC Fund
1 Serbia Seed Web3, Internet, Web Design
Blockchain Capital
VC Fund
1 United States, United Kingdom, Singapore Seed, Series A Blockchain, Cryptocurrency, Financial Services $1M–$40M
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Investor list

South Central Ventures
VC Fund · Belgrade, Vojvodina, Serbia · 5 investments in Serbia Enterprise startups

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

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Investment focus

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

Investor stats

  • Total investments: 61
  • Round size: Seed $219k–$2.8M; Pre-Seed $33k–$2M; Series A $329k–$5.5M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $82M in 2022

Portfolio highlights

  • GlycanAge — The only biological age test that accurately measures your unique response to life changes. Discover your biological age and make lifestyle improvements!
  • Katalist — KatalistAI is a design assistant that unleashes your marketing and design potential. Driven by cutting-edge AI, it streamlines your creative process, elevates your ideas, and amplifies productivity.
  • City Expert — City Expert Global is a Serbian startup that introduces new technologies and business approach to the traditional real estate sector. It focuses on creating new standards in the advertising and agency real estate sector. City Expert Global was founded in 2015 by Darko Luković, Stefan Stojanović, and Igor Jović. It is based in Belgrade, Serbia.
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Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Serbia Enterprise startups

We empower local heroes to build global success. Eleven is an early-stage VC investing in technology companies in Southeast Europe.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 145
  • Round size: Seed $27k–$2.7M; Pre-Seed $219k–$800k; Convertible Note $27k–$121k
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $68M in 2022

Portfolio highlights

  • Flataway.ai — Flataway - the home of subscription living. Live & work from anywhere in a trusted proffessionally managed accomodation.
  • nFuse.ai — nFuse.ai is an AI‑powered B2B sales platform focused on fast‑moving consumer goods (FMCG), positioning itself as an “ordering and communication layer” between brands and their distribution networks.
  • Blue Longevity — Blue Longevity is a supplier of longevity medicine that offers evidence-based, individualized, and integrated approaches to improve longevity and encourage good aging. It uses digital coaching in conjunction with state-of-the-art diagnostics, lifestyle medicine, and regenerative therapies to develop customized workout, stress-reduction, and dietplans.
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Earlybird Venture Capital
VC Fund · Berlin, Berlin, Germany · 2 investments in Serbia Enterprise startups

Founded in 1997, Earlybird is a pan-European VC investor backing tech-enabled companies and investing in their growth and development. Funds include Earlybird, Earlybird Health, Growth Opportunities.

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Investment focus

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

Investor stats

  • Total investments: 347
  • Round size: Seed $1.4M–$14M; Series A $4.4M–$35M; Series B $6M–$75M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $190M in 2024

Portfolio highlights

  • Curio — Be one of the first to access Rio, the leading AI for fact-checked news. Free for early users.
  • Certivity — Certivity offers software to model digital regulatory twins of their products. This will ensure that current regulatory requirements are integrated in the right place in the engineering process. Product compliance will be smarter, safer, more transparent, more efficient, and significantly cheaper.
  • Brightpick — Brightpick offers AI robots for warehouses to easily automate every step of their order fulfillment. The innovative Brightpick robots enable warehouses of any size to fully automate order picking, consolidation and dispatch, as well as stock replenishment. Brightpick Autopicker, the company’s award-winning flagship robot, is the only mobile robotin the world that robotically picks and consolidates orders directly in warehouse aisles. The Brightpick solution takes just weeks to deploy and allows companies to reduce their fulfillment labor to a minimum. Headquartered near Cincinnati, OH, Brightpick has more than 200 employees and hundreds of AI robots deployed across the US and Europe.
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Point Nine
VC Fund · Berlin, Berlin, Germany · 2 investments in Serbia Enterprise startups

Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile.The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio,Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 260
  • Round size: Seed $900k–$7.7M; Series A $3.2M–$24M; Series B $10M–$62M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Sereact — The only real-world verified Vision-Language-Action AI. Proven at scale. Trained on the world's largest dataset of robotic picks.
  • Delivery Hero — Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.
  • Polar Analytics — Your Shopify Analytics. Effortless. Centralized. Smart. Connect your datasource in one clic, automatically calculate KPIs. Visualize them all in one place. Get alerts and recommendations in realtime
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Credo Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 2 investments in Serbia Enterprise startups

We partner with outstanding technology founders from Central and Eastern Europe to help them realize their global ambitions.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Czech Republic

Investor stats

  • Total investments: 150
  • Round size: Seed $800k–$7M; Pre-Seed $371k–$10M; Series A $2M–$19M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Fabrica AI — Fabrica AI offers a revolutionary platform for faster robot development, using custom hardware designs and learned optimal control to increase efficiency while minimizing complexity and cost. With a vision for a future where robot development takes days, not years.
  • Segron — From Network Engineering , where new services and components need active testing via Rollout and Installation , to ensure correct functionality after...
  • Delta Green — Aggregating household assets in large controllable block of flexibility.
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Tokonomy
VC Fund · London, England, United Kingdom · 2 investments in Serbia Enterprise startups

Tokonomy investing in blockchain and the token economy and focus on early stage investments and Web3 infrastructure.

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Investment focus

  • Industry: Web3, Internet, Web Design
  • Stage:Seed, Pre-Seed
  • Geography: Serbia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Superchain Network — The Open Index Protocol - By collecting and customising data in minutes, Superchain serves as the layer on top of which builders create applications, faster
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Maven 11 Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Serbia Enterprise startups, 17 in the past 12 months

Maven 11 is a global blockchain and digital asset investment firm. The teams we partner with are on a rigorous quest to solve most exciting problems and make the necessary shift towards decentralised tomorrow.

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Investment focus

  • Industry: Blockchain, Financial Services, Cryptocurrency
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 127
  • Round size: Seed $1.9M–$10M; Pre-Seed $525k–$4M; Series A $5M–$43M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Oh — Oh is the decentralized and uncensored AI products can offer a range of benefits, such as enhancing privacy, encouraging innovation, and promoting freedom of information.
  • Range — Range is the platform for companies operating across stablecoins and fiat. Finance, compliance, and operations teams use Range to bring bank accounts, custodians, wallets, and exchanges into a single real-time ledger, with controls to screen, protect, and reconcile capital before and after it moves.Range supports pre-execution controls forsanctions, fraud, and operational risk, while feeding enriched onchain data into the accounting and compliance tools teams already use. The platform secures more than $30B in onchain assets and tracks 99.41% of stablecoin payment activity across 200+ networks and 100+ stablecoins.Range is used by teams including the Solana Foundation, Circle, Stellar, Squads, and Jupiter. Learn more at range.org.
  • Polysights — Polysights is an AI-powered prediction market analytics and automation platform that delivers market intelligence and trade execution tools.
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KR1
VC Fund · Douglas, NA - Isle of Man, Isle of Man · 2 investments in Serbia Enterprise startups

KR1 is a publicly listed investment company focussed on the blockchain ecosystem. We invest in early stage projects and blockchain-based digital assets.

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Investment focus

  • Industry: Blockchain, Internet, Cryptocurrency
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 49
  • Round size: Seed $100k–$6M; Series A $2.5M–$43M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Avail — Avail creates a unified onchain economy by connecting users, apps, and liquidity across chains. Build with Avail and redefine how value moves and scales onchain.
  • Code & State — Code & State is a venture studio building and scaling stablecoin ventures.
  • Mode Network — Mode Network is a DeFi blockchain platform that builds new on-chain economic systems to enable developers to scale their applications.
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European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 2 investments in Serbia Enterprise startups

The European Bank for Reconstruction and Development (EBRD) invests in changing lives. Through our financial investments, business services and work on policy reform, we're doing more than ever before to build open, market economies across 3 continents.

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Investment focus

  • Industry: Financial Services, Banking, Finance
  • Stage:Debt Financing, Post-IPO Debt, Series B
  • Geography: Turkey, Egypt, Ukraine

Investor stats

  • Total investments: 424
  • Round size: Series B $4M–$35M; Post-IPO Debt $18M–$281M; Debt Financing $5M–$200M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Mlinar — Mlinar is the bakery retail and wholesale business in Croatia and operates the largest bakery retail network in South East Europe.
  • Tbc Bank Group — TBC Bank Group PLC is the UK-based parent company of JSC TBC Bank and its affiliates, Georgia's largest banking group.
  • Yapı ve Kredi Bankası — Yapi Kredi Bankasi, established in 1944, is one of the first nationwide private banks in Turkey. It is engaged in credit cards, assets management, non-cash loans, leasing, factoring, private pension funds and non-life insurance. It is 80% owned by Koc Finansal Hizmetler (KFH), whose combined financial services network consists of over 13 millioncustomers and 835 branches in Turkey.Yapi Kredi was acquired by Mehmet Emin Karamehmet's Çukurova Holding in 1984. In 2003, Çukurova Holding reached an agreement with the Turkish bank regulator to sell the majority of its shares in Yapi Kredi within two years. In 2005, the majority of shares in Yapi Kredi was acquired by the owners of Koçbank. Koç Finansal Hizmetler (KFH) was an equal partnership between Koç Holding and Italian banking giant, Unicredit. In 2006, Koçbank was merged into Yapı Kredi, leaving 80% of Yapi Kredi owned by KFS.
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Version One Ventures
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Serbia Enterprise startups

Version One Ventures backs mission-driven founders at the earliest stages. Full thesis here: https://versionone.vc/updated-thesis/

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Investment focus

  • Industry: Software, Internet, Blockchain
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 145
  • Round size: Seed $1.4M–$5.8M; Series A $4M–$21M; Series B $8M–$55M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Swoop — Swoop operates as an internet marketplace platform that provides food delivery services while building a broader consumer super-app ecosystem. The company connects users with restaurants through a mobile and digital platform, enabling customers to browse menus, place orders, and receive deliveries via an independent rider network. Its deliverymodel relies on third-party couriers who fulfill orders, while the platform coordinates transactions, routing, and customer interactions. The company generates revenue through restaurant commissions and service fees applied to customer orders, rather than directly employing delivery personnel.
  • Roost — Founded in early 2019 and based in Toronto, Roost is building the ultimate end-to-end rental platform to make long-term renting as streamlined as booking a hotel. Focused on Gen Z and Millennial renters, we're leveraging data and hyper-personalization to create innovative real estate and financial technology products to empower the moderntenant and landlord to rent better.We're backed by leading venture capital firms including Version One Ventures, Panache Ventures, and Union Capital, as well as several angel investors including the co-founder of Dayforce and a former executive at Uber.We’re passionate about technology and its impacts on the real world and envision a future where home is never more than a few clicks away. Let's help the world rent better - join us!
  • Arctus Aerospace
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
PvX Partners
VC Fund · Singapore, Central Region, Singapore · 1 investments in Serbia Enterprise startups, 11 in the past 12 months

PvX Partners is a platform designed to help consumer apps scale. PvX Capital is our first line of services focused on cohort financing: fast, flexible capital without the risk and drawbacks of traditional equity or debt. PvX Capital enables you to scale marketing spends meaningfully without the worry of equity dilution or loan defaults. PvX is alsodeveloping an operating system for growth — a unified platform enabling incremental ROAS. A single integration that will grant you access to the industry’s most useful tools proven to help consumer businesses scale.

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Investment focus

  • Industry: Apps, Software, EdTech
  • Stage:Debt Financing, Corporate Round
  • Geography: United States, Brazil, Cyprus

Investor stats

  • Total investments: 11
  • Round size: Debt Financing $2M–$25M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Luni — Luni is an mobile app publisher and developer of a wide variety of technology applications for iOS users.
  • Coddy — Master coding through immersive, hands-on learning, seamlessly integrating it into your daily routine, all without the need for downloads or complexity.
  • Two Desperados — For Two Desperados, the year 2021 marks the second decade of existence and the launch of their third game – MuffinVille. Player-centric, led by innovation and focused on technology, this studio explores the usage of artificial intelligence in the gaming industry. Innovation lies within the team and their knowledge is what powers the change andenables Two Desperados to present different approaches to the gaming scene. Well known for creating #1 marble shooter games – Woka Woka and Viola’s Quest – they’ve hit the number of 30 million players worldwide. Two Desperados was founded in 2010 and headquartered in Belgrade, Serbia.
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Ivan Bjelajac
Angel · Belgrade, Vojvodina, Serbia · 1 investments in Serbia Enterprise 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: Internet, Software, Blockchain
  • 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.
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Vlad Ionescu
Angel · 1 investments in Serbia Enterprise startups

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

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Investment focus

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

Investor stats

  • Total investments: 8
  • Round size: Seed $212k–$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.
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Daniel Dines
Angel · Dover, Delaware, United States · 1 investments in Serbia Enterprise 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–$30M; Series B $10M–$55M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • RobCo — Easily automate the repetitive tasks in your production facility with modular industrial robots from RobCo.
  • Taktile — Taktile's no-code platform enables you to easily build automated decision flows and iterate on them in a data-driven way leveraging backtests and A/B testing.
  • Trickest — Add SEO description here.
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Accel
VC Fund · Palo Alto, California, United States · 1 investments in Serbia Enterprise startups

First partner to exceptional teams everywhere

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1947
  • Round size: Seed $1.6M–$11M; Series A $4.5M–$41M; Series B $9.5M–$74M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $14M in 2019

Portfolio highlights

  • Campfire — Campfire is the AI-native ERP built for high-growth finance teams. Automate reconciliations, close faster, and scale revenue without adding headcount.
  • Altor Networks — HARPATOTO merupakan sebuah portal akses online yang dirancang untuk memudahkan pengguna terhubung ke layanan Toto Macau dengan cepat, stabil, dan aman.
  • Shift Technology — Shift Technology delivers AI-native decision automation and optimization solutions built specifically for the global insurance industry. Addressing several critical processes across the insurance policy lifecycle, Shift helps insurers achieve faster, more accurate claims and policy resolutions. Shift has analyzed billions of insurance transactionsto date and was presented Frost & Sullivan’s 2020 Global Claims Solutions for Insurance Market Leadership Award.
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Moonfire Ventures
VC Fund · London, England, United Kingdom · 1 investments in Serbia Enterprise startups, 9 in the past 12 months

At Moonfire, we team up with the most innovative early-stage founders to invest where our sectors of focus intersect with global technological disruption.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, United States, France

Investor stats

  • Total investments: 61
  • Round size: Seed $2.3M–$8M; Pre-Seed $500k–$3.9M; Series A $11M–$25M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Mokn — Phish-back your credentials from attackers using contextualized deceptive technology.
  • Beglaubigt.de
  • Eunice — We are an AI fintech company solving B2B challenges in digital asset. Our first product is digital asset due diligence and monitoring to help financial institutions, regulators, and businesses navigate the complexities of the digital asset space. Powered by a proprietary knowledge base, Eunice’s platform enables token classification, risk analysis,and asset disclosure requirements. With a mission to bring transparency to the digital asset industry, Eunice builds products that drive regulatory clarity and operational efficiency, with the goal of accelerating the mainstream adoption of digital assets.
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Catalyst Romania
VC Fund · Bucharest, Bucuresti, Romania · 1 investments in Serbia Enterprise startups

Catalyst Romania is a private equity and venture capital fund platform.

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Investment focus

  • Industry: Software, Retail, FinTech
  • Stage:Seed, Series B
  • Geography: Romania, United Kingdom, Serbia

Investor stats

  • Total investments: 13
  • Lead/follow: no public data

Portfolio highlights

  • Adapta Robotics — Creating, designing, and manufacturing adaptable robotic products that support automation efforts and technological progress.
  • Footprints AI — Footprints is one of the most advanced AI-driven Retail Media platforms in the world, helping physical retailers generate a new high profit margin revenue in 3 months or less.Retail Media will be a $100 billion market by 2025. This means that 1 in 4 dollars in digital ad spend will be on media platforms that leverage intent-based customerbehavior data.Footprints is part of the global Microsoft Pegasus program, a cohort of 12 high-impact AI startups worldwide with the most viable solutions to transform the physical retail model into an AI-driven business model.Footprints' unique technology enables physical retailers to turn anonymous traffic into profitable, predictable audiences by leveraging our proprietary offline-to-online behavioral data fusion, artificial intelligence and algorithmic automation.Since 2017, Footprints has pioneered AI technologies that enable physical retailers to: - Enable an automated omnichannel retail media service - Become the brand of choice in local communities - Expand more profitably into new local communitiesFootprints is currently working with Tier 1 retailers and retail properties to transform their offline and online visitors into retail media.Every day, Footprints orchestrates and processes billions of visits, searches, and purchases from offline and online retail environments for YOU, to meet your customers' needs better than ever before. The result? A seamless shopping experience, more customers, more sales, and a new high profit margin revenue.Retail Media is the #1 priority for retailers everywhere, who can now offer personalized and curated content to their customers around the world.
  • .Lumen — .lumen builds glasses that help the blind live a better life.
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ICT Hub Venture
VC Fund · Belgrade, Vojvodina, Serbia · 1 investments in Serbia Enterprise startups

ICT Hub Venture is a Serbian private investment fund, focused on early stage technology startups in the SEE region. We offer funding of up to 50,000 EUR in exchange for 5-15% equity, access to the startup ecosystem, tailor-made development program and connection with key figures in relevant industries. Our main focus is on startups which have acomplete team and a scalable solution that challenges traditional businesses. By facilitating creation and development of effective solutions we help transform traditional industries and create new businesses.

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Investment focus

  • Industry: B2B, Software, Web Design
  • Stage:Pre-Seed, Seed
  • Geography: Serbia, Germany

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $33k–$55k
  • Lead/follow: 50% lead, 50% 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
  • OM3GA SOLUTIONS — OM3GA SOLUTIONS provides services in AI/ML speech-to-text, text-to-speech and virtual assistant, web design and hosting.
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Euroventures
VC Fund · Budapest, Budapest, Hungary · 1 investments in Serbia Enterprise startups

Budapest-based Euroventures is one of the longest-established and leading independent private equity and venture capital firms in Central Europe, with a proven ability to achieve international exits over two decades in a fast-changing environment. It has advised or is advising five investment programmes totalling over €180m since 1989, with a focuson funding INNOVATION and GROWTH in Hungary and Central Europe. The investors in Euroventures funds have been international institutional Investors. Euroventures' nearly 50 current and former portfolio companies illustrate the commitment to provide steady support through the cycles of the regional and global economy. Its professional team members have many decades of private equity / venture capital experience between them. Recent investments have targeted growing businesses with innovative technologies in the fields of medtech, big data, security, and IoT among others. Euroventures has had an outstanding track record in supporting its portfolio companies entering global markets. As a result, it has delivered highly successful exits, including IPOs (Vienna, NASDAQ, NYSE) and several dozens of trade sales to international corporations. Euroventures is a founding member of the Hungarian Venture Capital Association and complies with the conduct, governing principles and valuation/reporting guidelines of Invest Europe.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Series A, Seed
  • Geography: Hungary, United Kingdom, United States

Investor stats

  • Total investments: 28
  • Lead/follow: no public data

Portfolio highlights

  • Datapao — Discover DATAPAO's data consulting solutions in cloud migrations, data science, data engineering, AI & ML.
  • Daytrip — Daytrip is a platform for traveling with local drivers. It allows independent travelers to get the most out of their vacation by connecting them to local drivers, who drive them from one city to another with their own cars, discovering local sights and culture on the way.It gives travelers an opportunity to see otherwise unreachable countrysidesights, meet real locals and get to know local history, culture and current affairs first-hand. Daytrip is an entirely new approach to traveling, combining the comfort of package holidays with the flexibility of independent planning and authenticity of backpacking.
  • Hypefy — An influencer marketing platform built for brands that want to discover creators, run campaigns, and measure performance with ease.
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KG Ventures
VC Fund · Saint Petersburg, Saint Petersburg City, Russian Federation · 1 investments in Serbia Enterprise startups

Corporate venture capital fund of the Kirovsky Zavod

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Investment focus

  • Industry: Software, SaaS, PaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Russian Federation, Serbia, Romania

Investor stats

  • Total investments: 7
  • Round size: Seed $112k–$300k
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Ivitech — IVITECH financial platform works in SEA region and develop unique scoring models for risk evaluation and risk management.
  • TraceAir — Construction platform providing drone flights, 3D mapping, analytics, and data processing services to accelerate site work.
  • Pro Control — Pro Control specializes in the field of industrial automation, electric motor drives and electrical installations.
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Crew Capital
VC Fund · New York, New York, United States · 1 investments in Serbia Enterprise startups

Crew Capital is a venture capital firm investing in entrepreneurs building category-defining technology companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Brazil

Investor stats

  • Total investments: 44
  • Round size: Seed $3.5M–$12M; Series A $10M–$41M; Series B $10M–$94M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Dentronic
  • Qualitate — Qualitate provides real-time expert intelligence for investment and strategy teams. Its AI moderator streamlines the entire primary research workflow—from study design and expert recruitment to interview moderation and insight generation. Trusted by the world's leading enterprises, investment firms, and asset managers.
  • Membrane — Integrate any API instantly. Keep integrations working as things change. Membrane is agentic integration infrastructure with unlimited API coverage.
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Underline Ventures
VC Fund · Bucharest, Bucuresti, Romania · 1 investments in Serbia Enterprise startups

We underline founders.

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Investment focus

  • Industry: Software, Machine Learning, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Romania, United States, Serbia

Investor stats

  • Total investments: 19
  • Round size: Seed $1.2M–$5.5M; Pre-Seed $865k–$2M; Series A $14M–$19M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Almetra — We use computer vision and AI analytics to provide insights into manual assembly processes - our platform supports process engineers in driving productivity and quality of assembly processes
  • Bible Chat — Bible Chat is the best Christian AI app that lets you talk to the Bible, ask faith questions, request prayers, and study Scripture. Try now for free!
  • DesignVerse — DesignVerse is an AI platform that develops enterprise software using company documentation and internal rules.
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Fansara
VC Fund · 1 investments in Serbia Enterprise startups

Fansara is an investement firm.

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Investment focus

  • Industry: Web3, Internet, Web Design
  • Stage:Seed
  • Geography: Serbia

Investor stats

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

Portfolio highlights

  • Superchain Network — The Open Index Protocol - By collecting and customising data in minutes, Superchain serves as the layer on top of which builders create applications, faster
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Blockchain Capital
VC Fund · San Francisco, California, United States · 1 investments in Serbia Enterprise startups

Partners to crypto builders since 2013.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 184
  • Round size: Seed $1M–$15M; Series A $5M–$40M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $580M in 2023

Portfolio highlights

  • RedotPay — RedotPay is a leading crypto fintech bridging Web3 and traditional finance through innovative, cost-efficient blockchain solutions. Our intuitive crypto payment products enable millions of users globally to easily spend and send digital assets. We foster financial inclusion for the unbanked and serve crypto enthusiasts, advancing global adoption offast, accessible crypto payments.
  • EigenLabs — Eigen Labs is an engineering and research organization that contributes to protocols like EigenLayer and EigenDA
  • Fabric Cryptography — Fabric develops a custom cryptography hardware to accelerate cryptography algorithms. The chips, whose components exclusively serve cryptographic purposes, are based on Verifiable Processing Units (VPUs) which incorporate features of GPUs and ASICs to improve the speed and cost of advanced cryptographic workloads.
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Enterprise Investor funding in Serbia at a glance

Stats across 40 deals from 52 investors.

52
investors
in Serbia Enterprise startups
40
deals
in Serbia Enterprise startups
$1.1M
median round
in Serbia Enterprise startups
35%
lead investors
lead at least one round
35%
Seed
most common funding stage
81/19
VC / Angel
share of investor count

Access all 52 investors in Serbia Enterprise startups.

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