Top 15 Enterprise VC (Venture Capital) Funds in Serbia in July 2025
A list of 15 VC (Venture Capital) funds that invest in Enterprise startups based in Serbia. We rank investors based on the number of investments they made in Enterprise companies from Serbia. We update this investor list every month.Top 15 Enterprise VC (Venture Capital) Funds in Serbia in July 2025
Investor | Enterprise Serbia investments |
---|---|
South Central Ventures | 6 |
Eleven Ventures | 3 |
Credo Ventures | 2 |
SeedBlink | 2 |
Version One Ventures | 2 |
Earlybird Venture Capital | 2 |
Point Nine | 2 |
ICT Hub Venture | 1 |
Underline Ventures | 1 |
Accel | 1 |
Moonfire Ventures | 1 |
KG Ventures | 1 |
Euroventures | 1 |
Catalyst Romania | 1 |
Crew Capital | 1 |
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
- Software, SaaS, Artificial Intelligence
- Seed, Series A, Pre-Seed
- United States, Serbia, United Kingdom
Portfolio highlights
- SplxAI — SplxAI provides the most comprehensive platform for AI Security Testing and Red Teaming, ensuring your AI Assistants and Agents are secure and reliable from build to runtime.
- All eyes on screens — AdScanner made its mission to empower data-driven TV advertising to increase effectiveness, transparency, speed, reduce manual, complicated, delayed reports and also to make TV more interconnected and comparable with digital channels. Our approach is to combine proprietary technologies and data.
- LUPA Technology — Lupa is a cloud-based SaaS built for the Construction industry. Utilizing the power of AI and expert knowledge, Lupa turns large quantities of unstructured data into meaningful information. Based in New York and Belgrade, Lupa services Clients around the World working on large construction projects that require safe and secure real-time processingor forensic analysis of their data set. Lupa is the pioneer in construction data analytics and AI, paving the way for integration of cutting-edge tech in the industry.
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
- Software, SaaS, Information Technology
- Seed, Convertible Note, Pre-Seed
- Bulgaria, United States, United Kingdom
Portfolio highlights
- LAM'ON — LAM'ON OOD was created with the intention of creating a product that would be recyclable or compostable, improve environmental and human health safety, and readily replace the existing petroleum-based plastic solutions.
- Bitloops — Bitloops is an AI-powered application development platform that enables organizations to develop, maintain, and operate complex web applications with ease. It helps you easily modify system designs, deploy applications to production, and manage changes, new features, and products. The platform enables teams to innovate quickly and grow the productor business without compromising the product's usability, extendability, or maintainability. Bitloops makes it simpler than ever to create high-quality software utilizing best practices and techniques like DDD, BDD, TDD, hexagonal architecture, clean architecture, ports and adapters, CQRS, and event sourcing suitable for extending legacy systems as well as new initiatives.
- Outfindo — Making bikes & e-bikes buying easy
We partner with outstanding technology founders from Central and Eastern Europe to help them realize their global ambitions.
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Investment focus
- Software, Artificial Intelligence, Information Technology
- Seed, Series A, Pre-Seed
- United States, United Kingdom, Czech Republic
Portfolio highlights
- Upheal — Meet your new therapy tool with secure video-calling, analytics, and automated progress notes built-in.
- Axoflow — Axoflow security data pipeline for high-quality security data, faster detection and response, and reduced costs.
- Surglogs — Surglogs streamlines and automates the administration of logbooks, medications, supplies, in-services, and drills in healthcare facilities. The outdated pen-and-paper method is replaced with a HIPAA compliant state of the art digital application, complemented with a desktop portal that serves as an administrative dashboard.Surglogs was founded in2015 and headquartered in California, United States.
All-in-one solution for fundraising, managing and trading equity. Explore promising tech startups and flexible funding opportunities with SeedBlink.
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Investment focus
- Software, Information Technology, SaaS
- Seed, Pre-Seed, Series A
- Romania, United States, United Kingdom
Portfolio highlights
- Pago — Managing and paying utility bills, insurance, mobile top-ups and taxes takes too much time for many households in Europe. Pago simplifies these payments by adding automation where possible, using integrations with billers, insurers and online platforms to dramatically reduce the time needed for all these payments. The service is available in theB2C app called Pago and through B2B integrations by embedding Pago features in partner apps through SDK or API. Pago's services are used by over 500k monthly active users in Romania, Poland and Italy.
- Bright Spaces — Reshaping the leasing experience for tenants, agents, and landlords using cutting-edge technologies. We deliver a unique showcasing experience 100% remotely.
- 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.
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
- Software, Internet, Blockchain
- Seed, Series A, Series B
- United States, Canada, United Kingdom
Portfolio highlights
- Bolt.Earth — Revos is a smart mobility platform that provides AI-enabled IoT solutions for electric vehicles. The company provides a modular and customizable tracking and control system that integrates easily into vehicles making them smart, safe, and connected.Revos develops the largest network of edge devices and its operating stack to enable electricvehicle adoption in emerging markets.
- NiaHealth — Get advanced at-home biomarker testing, proactive healthspan diagnostics, and expert guidance to elevate your health. HSA-eligible.
- Moment Energy — Moment is a start-up striving to provide greater access to renewable and reliable energy storage. We create battery units that can be used in a variety of applications. Moment is currently focused on storing energy for off-grid, end of grid customers, and plans on powering remote communities in the future.
Founded in 1997, Earlybird invests in all development and growth phases of technology companies. Among the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources but also strategic support plus access to an international network and capital markets. With EUR 2 billion under management,eight IPOs and 30 trade sales, Earlybird is one of the most established and active venture capital firms in Europe.
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Investment focus
- Software, Information Technology, Health Care
- Series A, Seed, Series B
- Germany, United States, United Kingdom
Portfolio highlights
- TopK — TopK features native support for both vector search and keyword search in a single, unified system. With its powerful query expression language, TopK enables you to build reliable search applications (semantic search, RAG, multi-modal, you name it) without juggling multiple databases or services. Our unified retrieval engine will evolve tosupport document transformation, query understanding (parse metadata filters from user query), and adaptive ranking (provide more relevant results by sending “relevance feedback” back to TopK) under one roof.
- Arago — Arago is an AI and computer hardware company developing an energy-efficient AI chip powered by light, and its associated software.
- Portal Biotech — Portal has created next generation solutions that address the significant opportunities in protein sequencing and metabolomics
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
- Software, SaaS, Internet
- Seed, Series A, Series B
- Germany, United States, France
Portfolio highlights
- Aletiq — Aletiq is an online PLM software that offers technical data management solutions for industrial companies.
- sensmore — Equip your machinery with autonomy built for the harshest conditions. Enhance safety, reduce costs, and increase efficiency with our advanced radar technology.
- Rerun — Multimodal log handling and visualization for spatial and embodied AI. Managed infrastructure to ingest, store, analyze, and stream data at scale with built-in visual debugging. Fast, flexible, and easy to use.
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
- B2B, Software, Web Design
- Pre-Seed, Seed
- Serbia, Germany
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.
Underline Ventures partners at the earliest stages with Eastern European founders building high-growth startups with global ambitions. Underline Ventures invest at the seed stage (pre-seed, seed, late seed) along with other investors, which we can also help you find. Our average cheque is €500k.
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Investment focus
- Software, Information Technology, Machine Learning
- Seed, Pre-Seed
- Romania, Serbia, United States
Portfolio highlights
- Turneo — Inspire travelers to browse and book all of their holiday activities, directly on your website
- UVIONIX — Uvionix deploys Autonomous Flying Robots (AFRs) to monitor and report live data, ensuring a comprehensive view of operations, workflow efficiency, and near 100% inventory level accuracy. The system creates live digital twins of warehouse spaces, meticulously tracking each material movement. Delivering precise, unbiased data, and being immune to human error, the platform drastically enhances material planning, reduces stock losses, and lowers labor costs.
- 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!
First partner to exceptional teams everywhere
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Investment focus
- Software, SaaS, Information Technology
- Series A, Series B, Series C
- United States, India, United Kingdom
Portfolio highlights
- Sahi — Sahi is a next-generation trading platform aimed at serious retail and professional traders in India.Sahi’s mission is to democratize access to advanced trading tools, making them available to every serious trader in India, not just institutions. The platform has seen rapid adoption, with over 200,000 app downloads and strong engagement amongactive traders.
- Campfire — Campfire is the modern accounting platform that provides core accounting and revenue automation to startups and mid-size tech companies.
- PowerUp Money — PowerUp Money: An app to get your investments right. Discover your financial freedom, and find the funds you need. Discover the age you can be financially free
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
- Software, FinTech, Artificial Intelligence
- Seed, Series A, Pre-Seed
- United Kingdom, United States, Germany
Portfolio highlights
- Flagright — AI-powered AML compliance & fraud prevention platform for fintechs & banks to monitor, screen, investigate, and report.
- All Gravy — Butter gives you happier employees, by reducing their financial stress and giving them an understanding of their salary and financial situation
- Fleet Device Management — Open-source IT and security for teams with lots of workstations and servers. (Linux, macOS, Windows, cloud, data center, OT/ICS, Chrome)
Corporate venture capital fund of the Kirovsky Zavod
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Investment focus
- SaaS, Software, PaaS
- Seed
- Russian Federation, Serbia, Romania
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.
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
- Software, Information Technology, E-Commerce
- Series A, Funding Round, Seed
- Hungary, United Kingdom, United States
Portfolio highlights
- 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.
- Prefixbox — Prefixbox makes eCommerce search easy. Easy to integrate search modules increase conversion rates and online revenue within weeks.
- Hypefy — B2C companies working with Instagram and TikTok influencers run top performing influencer marketing campaigns with minimal effort.
Catalyst Romania is a private equity and venture capital fund platform.
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Investment focus
- Software, Retail, Machine Learning
- Funding Round, Seed, Series B
- Romania, United Kingdom, Serbia
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.
Crew Capital is a venture capital firm investing in entrepreneurs building category-defining technology companies.
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Investment focus
- Software, SaaS, Information Technology
- Seed, Series A, Series B
- United States, United Kingdom, Brazil
Portfolio highlights
- SurrealDB — SurrealDB is the ultimate database for tomorrow's serverless, jamstack, single-page, and traditional applications.
- Coheso — The platform equips Legal and Compliance teams with essential tools to deliver unparalleled value to business units.
- Seal Security — Streamline your open source vulnerability remediation without introducing the risk of breaking changes. Say goodbye to alert fatigue and start patching with Seal Security.
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VC (Venture Capital) Funds in Serbia by industry