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Top 30 Enterprise VC Funds & Investors in Serbia (August 2026)

The most active venture capital funds 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
6 United States, United Kingdom, Serbia Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $33k–$5M
Eleven Ventures
VC Fund
3 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.7M
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $900k–$62M
Accel
VC Fund
2 United States, India, United Kingdom Series A, Series B, Seed Software, SaaS, Information Technology $1.6M–$75M
SeedBlink
VC Fund
2 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $137k–$35M
Tokonomy
VC Fund
2 Serbia, Liechtenstein Seed, Pre-Seed Web3, Internet, Software $1.5M–$4M
European Bank for Reconstruction and Development
VC Fund
2 Turkey, Egypt, Ukraine Debt Financing, Post-IPO Debt, Private Equity Financial Services, Banking, Energy $5M–$320M
Earlybird Venture Capital
VC Fund
2 Germany, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $1.5M–$75M
Earlybird Digital East Fund
VC Fund
2 Seed $1.5M–$10M
Crew Capital
VC Fund
2 United States, United Kingdom, Brazil Seed, Series A, Series B Software, SaaS, Information Technology $3.5M–$94M
Maven 11 Capital
VC Fund
2 United States, United Kingdom, Australia Seed, Series A, Pre-Seed Blockchain, Financial Services, Cryptocurrency $1.3M–$43M
Credo Ventures
VC Fund
2 United States, United Kingdom, Czech Republic Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $371k–$19M
Version One Ventures
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B Software, Internet, Blockchain $1.5M–$55M
KR1
VC Fund
2 United States, United Kingdom, Switzerland Seed, Series A Blockchain, Cryptocurrency, Internet $100k–$43M
Fansara
VC Fund
1 Serbia Seed Web3, Internet, Web Design
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 Venture - Series Unknown, Seed Software, Retail, FinTech $1.1M–$4.3M
Euroventures
VC Fund
1 Hungary, United Kingdom, United States Series A, Seed Software, Information Technology, E-Commerce $531k–$10M
KG Ventures
VC Fund
1 United States, Serbia, Finland Seed, Pre-Seed, Series A Software, SaaS, PaaS $148k–$300k
3TS Capital Partners
VC Fund
1 United States, Romania, Poland Series A, Seed Software, Internet, SaaS $719k–$12M
Underline Ventures
VC Fund
1 Romania, United States, Serbia Seed, Pre-Seed, Series A Software, Machine Learning, E-Commerce $865k–$19M
IVC
VC Fund
1 United States, Singapore, Philippines Seed, Pre-Seed Blockchain, Gaming, Cryptocurrency $480k–$9M
Oriole Ventures
VC Fund
1 Hong Kong, United Kingdom, Serbia Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Financial Services $50k–$5M
PvX Partners
VC Fund
1 United States, Cyprus, Brazil Debt Financing, Corporate Round Apps, Software, Mobile Apps $10M–$100M
Attic42
VC Fund
1 Serbia Pre-Seed Blockchain, Cryptocurrency, Financial Services
Blockchain Capital
VC Fund
1 United States, United Kingdom, Singapore Seed, Series A Blockchain, Cryptocurrency, Financial Services $1M–$33M
North Base Media
VC Fund
1 United States, India, Vietnam Seed, Series A, Series B Digital Media, Advertising, News $75k–$23M
Sandberg Capital
VC Fund
1 Czech Republic, Serbia Venture - Series Unknown, Private Equity SaaS, Information Technology, Consulting $14M–$21M
Innovation Fund Serbia
VC Fund
1 Serbia, United States Pre-Seed, Grant Artificial Intelligence, Software, Analytics $52k–$133k
ICT Hub Venture
VC Fund
1 Serbia, Germany Pre-Seed, Seed Software, SaaS, B2B $33k–$59k
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

South Central Ventures
VC Fund · Belgrade, Vojvodina, Serbia · 6 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, SaaS, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Serbia

Investor stats

  • Total investments: 63
  • Round size: Seed $219k–$2.8M; Pre-Seed $33k–$2M; Series A $329k–$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!
  • 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.
  • Alchemy — Alchemy Cloud software accelerates innovation and product development in applied science labs all over the world.
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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: 149
  • Round size: Seed $27k–$2.7M; Pre-Seed $219k–$1.1M; Convertible Note $27k–$121k
  • Lead/follow: 39% lead, 61% 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 scales your B2B sales with AI. Up to 30% revenue uplift, $1 per order processing cost, live in 30 days. No new apps, no behavior change.
  • 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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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: 265
  • Round size: Seed $900k–$7.7M; Series A $3.2M–$24M; Series B $10M–$62M
  • Lead/follow: 35% lead, 65% 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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Accel
VC Fund · Palo Alto, California, United States · 2 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: 2095
  • Round size: Seed $1.6M–$10M; Series A $4.5M–$41M; Series B $9.5M–$75M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $14M in 2019

Portfolio highlights

  • Vercel — The autonomous stack for every app and agent.
  • Nimble Storage — Nimble Storage solutions are built on the idea that enterprises should not have to compromise between performance, capacity, ease of management, and price. Nimble's patented Cache Accelerated Sequential Layout (CASL) architecture, designed from the ground up to effectively combine flash with high capacity drives, makes high performanceaffordable, simplifies and enhances disaster recovery and backup, and delivers stress-free operations.Nimble Storage is funded by
  • 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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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, Software
  • Stage:Seed, Pre-Seed
  • Geography: Serbia, Liechtenstein

Investor stats

  • Total investments: 3
  • Round size: Seed $1.5M–$4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Celestia — Celestia is the modular blockchain powering unstoppable applications with full-stack customizability.
  • 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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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, Energy
  • Stage:Debt Financing, Post-IPO Debt, Private Equity
  • Geography: Turkey, Egypt, Ukraine

Investor stats

  • Total investments: 472
  • Round size: Post-IPO Debt $17M–$320M; Debt Financing $5M–$211M; Private Equity $11M–$100M
  • Lead/follow: 76% lead, 24% follow

Portfolio highlights

  • İşbank — İşbank is a Turkish commercial banking service provider.
  • Mlinar — Mlinar is the bakery retail and wholesale business in Croatia and operates the largest bakery retail network in South East Europe.
  • National Bank of Greece — The term i-bank adopted in April 2009 as a single name for all electronic service networks of the National Bank (Internet, Phone & Mobile Banking, ATM and Automated Payment -APS).Through the site of i-bank participate in contests with great prizes , learn the latest news from the world of technology , innovation and entrepreneurship and youthinformed about events in the i-bank store and the latest developments of the Contest «i -bank Innovation & Technology " .
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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: 364
  • Round size: Seed $1.5M–$14M; Series A $4.4M–$34M; Series B $6M–$75M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $190M in 2024

Portfolio highlights

  • Hilo — Get stress-free readings round the clock with Hilo's clinically validated blood pressure monitor. Learn more
  • TrillerTV — FITE is a direct-to-consumer digital live streaming service for combat sports. The platform is specializing in broadcasting professional wrestling, mixed martial arts and boxing events. FITE streams a rich array of live pay-per-view events, subscription packages and thousands of hours of live and on-demand free programs to millions of fans aroundthe world.FITE's mission is to help fans discover and watch premium live events, and help programmers to distribute and monetize them. While FITE's beachhead market is combat sports, the product is designed to serve over time a much wider range of premium live programming.It was founded in 2016 and is headquartered in Uniondale, New York, United States.
  • Neuracore — The robot skill creation engine: collect demonstrations, curate datasets, train imitation and reinforcement learning policies, and deploy them on real robots, all on one platform.
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Earlybird Digital East Fund
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Serbia Enterprise startups

Earlybird Digital East Fund is an investment firm that focuses on early stage companies in Eastern Europe and Turkey.

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Investment focus

  • Stage:Seed

Investor stats

  • Total investments: 45
  • Round size: Seed $1.5M–$10M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • FintechOS — FintechOS is the AI platform for financial product operations. Design, price, launch, and evolve financial products with governed AI and reduced core dependency.
  • Simr (formerly UberCloud) — UberCloud's HPC Simulation Platform helps engineers run faster simulations and helps overworked IT teams gain control.
  • Picus — The Complete Security Control Validation Platform | Stay proactive by validating your security controls with attack scenarios, empower your Red, Purple, Blue teams.
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Crew Capital
VC Fund · New York, New York, United States · 2 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: 49
  • Round size: Seed $3.5M–$12M; Series A $13M–$51M; 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

  • 6thSense — 6thSense is an AI and robotics data engineering startup that builds tactile egocentric datasets for training the next generation of dexterous robots.
  • Qualitate — Qualitate deploys the world's most intelligent AI moderator to conduct expert-driven conversations at scale - uncovering high-quality insights, fast.
  • Membrane — Integrate any API instantly. Keep integrations working as things change. Membrane is agentic integration infrastructure with unlimited API coverage.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Maven 11 Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Serbia Enterprise startups, 16 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, Australia

Investor stats

  • Total investments: 132
  • Round size: Seed $1.9M–$10M; Pre-Seed $1.3M–$3.1M; Series A $5M–$43M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Range — The financial control layer for companies operating across stablecoins, crypto and fiat rails.
  • THEA-AI — AI that amplifies human performance
  • Adjacent Markets — Event indexing and @AdjacentNews
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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, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Czech Republic

Investor stats

  • Total investments: 164
  • Round size: Seed $800k–$7M; Pre-Seed $371k–$4M; Series A $2M–$19M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Modeinspect — acreom is the integrated markdown knowledge base with tasks. Your personal daily driver for your dev workflow.
  • IP Fabric — Automated Networks Assurance Platform fully maps complete network infrastructure, providing hyper-converged visibility and a single point of truth for global networks, provides advanced visualization for troubleshooting issues, and simulates network behavior to infer deviation from policy or infer risks which could cause an outage in the future.
  • Contentyze — Contentyze develops a content generation platform, integrating cutting edge deep learning research with commercial applications in marketing, media and e-commerce.
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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: 158
  • Round size: Seed $1.5M–$5.7M; Series A $4M–$22M; Series B $8M–$55M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • 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!
  • Pilot Protocol — Network OS for AI Agents
  • Arctus Aerospace — We build unmanned airplanes for zero infrastructure earth observation. We fly at 45,000 feet for 24 hours at a go.
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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, Cryptocurrency, Internet
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 51
  • Round size: Seed $100k–$6M; Series A $2.5M–$43M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Avail — Meet the Avail team building the future of modular blockchain infrastructure.
  • 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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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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Moonfire Ventures
VC Fund · London, England, United Kingdom · 1 investments in Serbia Enterprise startups, 10 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: 65
  • Round size: Seed $2.5M–$8M; Pre-Seed $500k–$3.4M; Series A $11M–$25M
  • Lead/follow: 32% lead, 68% 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 — https://t.co/BCWk4L679n ist die erste Plattform zur Digitalisierung des Notariats in Europa.
  • Weave — Engineering intelligence for the AI era (YC W25)
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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:Venture - Series Unknown, Seed
  • Geography: Romania, United Kingdom, Serbia

Investor stats

  • Total investments: 15
  • Round size: Seed $1.1M–$2.1M; Venture - Series Unknown $2M–$4.3M
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • Carfix — Carfix solves every task in minutes, eliminating costly fines for expired inspections, unpaid taxes, human errors & paper-based procedures
  • SOMAREALITY — SOMAREALITY provides eye tracking solutions for diverse industries. Improve healthcare, automotive, research & aviation with real-time cognitive insights.
  • 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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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: 30
  • Round size: Seed $531k–$3.3M; Series A $531k–$10M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Datapao — Discover DATAPAO's data consulting solutions in cloud migrations, data science, data engineering, AI & ML.
  • Daytrip — Book private car transfers, round-trip day trips, or hire an hourly driver. Enjoy door-to-door rides and sightseeing in 130+ countries with local drivers.
  • 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: United States, Serbia, Finland

Investor stats

  • Total investments: 10
  • Round size: Seed $148k–$300k
  • Lead/follow: 50% lead, 50% 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.
  • iFarm — Technologies to grow fresh vegetables, berries and greens
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3TS Capital Partners
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Serbia Enterprise startups

One of the leading European technology-focused growth capital investors, backing high-growth SMEs across Technology & Internet, Media & Communications.

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Investment focus

  • Industry: Software, Internet, SaaS
  • Stage:Series A, Seed
  • Geography: United States, Romania, Poland

Investor stats

  • Total investments: 73
  • Round size: Seed $719k–$4.6M; Series A $768k–$12M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $176M in 2021

Portfolio highlights

  • NEXD — NEXD is a technology company with creativity at its heart that has developed a unique way to deliver content. Founded in 2015, NEXD is headquartered in London with sales offices in Berlin, Vienna and New York and has its main development hub in Tallinn, Estonia. NEXD is backed by leading Venture Capitalists including 3TS Capital Partners, part ofthe global Draper Venture Network and NEO Ventures.
  • GoTo (formerly LogMeIn) — GoTo, formerly known as LogMeIn, offers flexible-work software solutions such as GoTo Connect, GoTo Resolve, Rescue, and Central. Designed primarily for small and midsize business IT departments yet robust enough for enterprise use, GoTo's platform supports unified communications and collaboration (UCC) as well as IT management and support.With nearly 800,000 customers, GoTo facilitates over 1 billion participants in meetings, classes, and webinars through its UCC products and enables half a billion connections via its remote access and support tools.
  • ConveyIQ — ConveyIQ provides an intelligent candidate engagement platform. Its platform features an all-in-one bespoke communication framework for the entire candidate journey. ConveyIQ delivers personalized applicant communication that companies need to ensure a remarkable candidate journey.
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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 — Build complex enterprise software using context.
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IVC
VC Fund · Taipei, T'ai-pei, Taiwan · 1 investments in Serbia Enterprise startups

Who we are We are investors and entrepreneurs helping define the next generation of Blockchain startups. Our Focus Passionate founders. Disruptive models. Borderless markets. Exponential effects. Our Geography Starting from...

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, Philippines

Investor stats

  • Total investments: 288
  • Round size: Seed $1.7M–$9M; Pre-Seed $480k–$4.5M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $70M in 2022

Portfolio highlights

  • Wizzwoods — 1st pixel farm game integrates interchain capabilities with a SocialFi twist.
  • SuperIntent — SuperIntent is a cryptocurrency AI app that streamlines on-chain earning tactics. Developed on a multi-agent framework with abundant yield sources.
  • SuperGaming — At SuperGaming, we are putting India on the global gaming map.
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Oriole Ventures
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Serbia Enterprise startups

Oriole Ventures is an investment fund dedicated to supporting blockchain projects in the WEB 3.0 space. In addition to the capital injection, Oriole Ventures helps projects via its expertise & connections with local crypto-influencers, media channels, and marketing agencies from all over the world.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Hong Kong, United Kingdom, Serbia

Investor stats

  • Total investments: 17
  • Round size: Seed $50k–$5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • SYNTHR — SYNTHR is redefining instant and slippage-free asset movement across chains
  • Zone — Zone is a community-driven GameFi ecosystem built on Algorand blockchain. The ZONE ecosystem is cross-compatible with other blockchains and offers a gamefi bot for Discord that enables on-chain gaming challenges and fantasy sports.
  • Starfish Finance — Starfish Finance is the Operator of a gamified defi platform intended to be the web3 entertainment-fi brand.
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PvX Partners
VC Fund · Singapore, Central Region, Singapore · 1 investments in Serbia Enterprise startups, 13 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, Mobile Apps
  • Stage:Debt Financing, Corporate Round
  • Geography: United States, Cyprus, Brazil

Investor stats

  • Total investments: 13
  • Round size: Debt Financing $10M–$100M
  • Lead/follow: 92% lead, 8% follow

Portfolio highlights

  • Luni — One team. Several brands. Millions of people. Endless creativity.
  • Feenko — Feenko is a personal finance and subscription management app that helps users identify, track, and manage recurring subscription payments.
  • Shortical — Big stories made for your phone. Discover original vertical series built for the way people watch today. Shortical brings cinematic storytelling into quick, addictive episodes you can enjoy anytime, anywhere.
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Attic42
VC Fund · 1 investments in Serbia Enterprise startups

Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Pre-Seed
  • Geography: Serbia

Investor stats

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

Portfolio highlights

  • Bizzllet — Manage crypto payments, expenses, and invoices with Bizzllet's self-custody business wallet.
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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: 196
  • Round size: Seed $1M–$14M; Series A $5M–$33M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $580M in 2023

Portfolio highlights

  • RedotPay — Where Crypto Meets Real Life | Trusted by 8M+ | Accepted at 130M+ merchants | Pay with BTC, ETH, USDC, USDT & more
  • Yellow Card — Yellow Card is a licensed stablecoin payments infrastructure provider powering global money movement across USD and 50+ local currencies. Talk to us.
  • Fabric Cryptography — Building towards a trustless future with custom chips for advanced cryptography.
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North Base Media
VC Fund · Singapore, Central Region, Singapore · 1 investments in Serbia Enterprise startups

NBM is a specialized firm that successfully pioneered global digital-media investing over the last decade, backing successes like IDN Media in Indonesia, Pocket Aces in India, TheNewsLens in Taiwan and Capital Digital in Mexico. Its first venture fund, launched in 2015, consistently ranks in the top quartile of media and global venture funds. TheFund, which has been backed by several of the world’s leading media brands, is now open to other investors as its investment team moves to take advantage of the sudden rise of opportunities and new valuations in the global media landscape. NBM’s co-founders are Marcus Brauchli, the former top editor at The Washington Post and The Wall Street Journal; Sasa Vucinic, the longtime CEO of the Media Development Investment Fund (MDIF). The firm’s general counsel is Stuart Karle, former COO of Reuters and General Counsel of the Journal.

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Investment focus

  • Industry: Digital Media, Advertising, News
  • Stage:Seed, Series A, Series B
  • Geography: United States, India, Vietnam

Investor stats

  • Total investments: 63
  • Round size: Seed $75k–$5.7M; Series A $2M–$8M; Series B $2M–$23M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $19M in 2019

Portfolio highlights

  • Zaiko — Zaiko is the market leader in providing ticketing technology for live events and streaming shows. Monetize your show, engage fans, user analytic data, memberships, and more.
  • Rappler — Rappler is the Philippines' leading digital media company that's driven by uncompromising journalism, enabled by technology, and enriched by communities of action.
  • Kaleidoscope — Kaleidoscope Content, bringing vivid stories from around the globe. Listen in color!
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Sandberg Capital
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 1 investments in Serbia Enterprise startups

Sandberg Capital is a private equity firm specializing in small and medium private companies. Sandberg Capital focuses on investing in small and medium-sized businesses, building on J & T's 20 years experience in corporate finance and private equity.

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Investment focus

  • Industry: SaaS, Information Technology, Consulting
  • Stage:Venture - Series Unknown, Private Equity
  • Geography: Czech Republic, Serbia

Investor stats

  • Total investments: 3
  • Round size: Venture - Series Unknown $14M–$21M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Daktela — The best customer experience in one platform. Unify voice, email, chat, SMS & social media, plus AI, CRM and more. Trusted by over 100,000 users worldwide.
  • Quantox Technology — Place where Ideas are Made Possible. Growing international team dedicated to top-notch software development.
  • Revolgy — We take care of your cloud infrastructure and you can focus on your product. Get comfy in the cloud with us! | 70+ cloud enthusiasts | @cloudnativeprg meetups.
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Innovation Fund Serbia
VC Fund · Belgrade, Vojvodina, Serbia · 1 investments in Serbia Enterprise startups

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.

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Investment focus

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

Investor stats

  • Total investments: 5
  • Round size: Grant $84k–$113k; Pre-Seed $52k–$133k
  • Lead/follow: 100% lead, 0% 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 — We are a multidisciplinary team comprising experts in the domain of artificial intelligence, law, user experience and seasoned IT engineers. Our experience in developing mobile applications and online services provided us with insight into privacy policy challenges. Together with our data privacy and legal tech consultants and user experienceexperts we are working on bringing the complex aspects of privacy policies to end users in a simple, yet informing way.
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ICT Hub Venture
VC Fund · Belgrade, Vojvodina, Serbia · 1 investments in Serbia Enterprise startups

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.

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Investment focus

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

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $33k–$59k
  • 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 — Manage 3rd party delivery, integrate online orders to POS, manage menus on delivery platforms and orchestrate on-demand delivery networks.
  • 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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Enterprise VC funding in Serbia at a glance

Stats across 44 deals from 47 investors.

47
investors
in Serbia Enterprise startups
44
deals
in Serbia Enterprise startups
$707k
median round
in Serbia Enterprise startups
45%
lead investors
lead at least one round
32%
Seed
most common funding stage

Access all 47 VC funds in Serbia Enterprise startups.

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