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Top 10 Gaming Startup Investors in Serbia (September 2026)

The most active venture capital funds and angel investors investing in Serbia Gaming startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Serbia Gaming startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Eleven Ventures
VC Fund
3 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, Information Technology, SaaS $27k–$2.4M
ICT Hub Venture
VC Fund
2 Serbia, Belgium, Germany Pre-Seed, Seed SaaS, Software, Gaming $23k–$325k
Kangaroo Capital
VC Fund
1 Vietnam, India, Serbia Seed, Series A Blockchain, Cryptocurrency, Gaming $1.1M–$5M
Exel by Merak
VC Fund
1 Saudi Arabia, Egypt, United Kingdom Pre-Seed, Seed, Venture - Series Unknown Gaming, Video Games, Online Games $293k–$300k
PvX Partners
VC Fund
1 United States, Cyprus, Brazil Debt Financing, Corporate Round Apps, Software, Mobile Apps $10M–$100M
Tenzor Capital
VC Fund
1 Canada, United States, United Kingdom Seed, Pre-Seed Blockchain, Cryptocurrency, Software $1M–$8.5M
Avalanche
VC Fund
1 United States, France, Singapore Seed, Grant, Series A Blockchain, Cryptocurrency, Gaming $365k–$70M
vVv
VC Fund
1 Serbia, Singapore Seed, Pre-Seed Blockchain, Gaming, Generative AI
SWGI ventures
VC Fund
1 Serbia Seed Blockchain, Gaming, Cryptocurrency $1.1M–$1.9M
Beam
VC Fund
1 United States, United Kingdom, Sweden Seed, Initial Coin Offering, Series A Gaming, Blockchain, Video Games $1.2M–$225M
Access all 18 investors in Serbia Gaming startups.

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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Serbia Gaming 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, Information Technology, SaaS
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 183
  • Round size: Seed $27k–$2.4M; Pre-Seed $220k–$1.1M; Convertible Note $27k–$120k
  • Lead/follow: 32% lead, 68% 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 — Expert care for a healthier, longer life. Opening soon Athens | Istanbul | Sofia
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ICT Hub Venture
VC Fund · Belgrade, Vojvodina, Serbia · 2 investments in Serbia Gaming 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: SaaS, Software, Gaming
  • Stage:Pre-Seed, Seed
  • Geography: Serbia, Belgium, Germany

Investor stats

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

Portfolio highlights

  • randevu.tech — randevu is providing complete technical infrastructure in cloud, that enables companies throughout full marketplace business life-cycle: from building, to running and scaling.
  • Bitebell — Manage 3rd party delivery, integrate online orders to POS, manage menus on delivery platforms and orchestrate on-demand delivery networks.
  • Trickest — Add SEO description here.
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Kangaroo Capital
VC Fund · 1 investments in Serbia Gaming startups

Kangaroo Capital is a community driven blockchain and cryptocurrency venture capital that is dedicated to helping young startups and more established projects accelerate.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A
  • Geography: Vietnam, India, Serbia

Investor stats

  • Total investments: 21
  • Round size: Seed $1.1M–$5M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Solak — Solak is an AI browser and DeFi platform that is transforming the digital world.
  • STAGE — Always-on music competitions powered by the blockchain. Vote for your favorite artists and share their success.
  • KOKODI — A third-person fantasy extraction shooter inspired by Asian culture.
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Exel by Merak
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Serbia Gaming startups, 19 in the past 12 months

The Exel Gaming Accelerator is a 16-week program tailored to support early-stage gaming startups in achieving their full potential.

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Investment focus

  • Industry: Gaming, Video Games, Online Games
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Saudi Arabia, Egypt, United Kingdom

Investor stats

  • Total investments: 35
  • Round size: Seed $300k–$300k; Pre-Seed $293k–$300k; Venture - Series Unknown $300k–$300k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Sandouq — Sandouq focuses on creating delightful gaming experiences branded as "Sandouq".
  • Taka Studio — Indie game studio crafting design-driven experiences. Currently developing HexaFootball, a turn-based football strategy game for PC.
  • Entropy Minds — Entropy Minds is a Saudi game development studio founded in 2024, creating innovative gaming experiences blending Saudi culture with global standards.
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PvX Partners
VC Fund · Singapore, Central Region, Singapore · 1 investments in Serbia Gaming 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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Tenzor Capital
VC Fund · Gibraltar, Gibraltar, Gibraltar · 1 investments in Serbia Gaming startups

Investments we power the web3 pioneers, builders and enablers

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 24
  • Round size: Seed $1M–$8.5M; Pre-Seed $1M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Thytadel — Infrastructure for governing the supply and utilisation of physical assets
  • KOKODI — A third-person fantasy extraction shooter inspired by Asian culture.
  • Sats Terminal — Borrow USDC against BTC at the best available rate in minutes Backed by @yzilabs, @cbventures, @drapervc and more
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Avalanche
VC Fund · Brooklyn, New York, United States · 1 investments in Serbia Gaming startups

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Grant, Series A
  • Geography: United States, France, Singapore

Investor stats

  • Total investments: 39
  • Round size: Seed $1.4M–$15M; Grant $365k–$4.5M; Series A $7.5M–$70M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Oumla — Secure, scalable blockchain infrastructure for businesses, enterprises, and governments to manage digital assets with ease and compliance.
  • KOR Protocol — KOR Protocol is a decentralized intellectual property (IP) infrastructure designed to empower creators, protect rights, and enable seamless collaboration and monetization of IP assets across various industries, including music, film, TV, gaming, and art. Backed by notable entities like Animoca Brands, Republic, Niantic, Sfermion, Solana, andprominent creators such as Black Mirror, Disclosure, deadmau5, and Richie Hawtin, KOR leverages blockchain, AI, and DeFi to offer a transparent, efficient, and scalable environment for IP expansion.
  • Forg3t Protocol — Forg3t Protocol provides provable AI unlearning infrastructure for enterprises. It enables verification and auditing of sensitive data removal from AI models. This ensures strong regulatory compliance. Built for secure, transparent AI data management.
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vVv
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Serbia Gaming startups

All digital assets on one exchange

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Investment focus

  • Industry: Blockchain, Gaming, Generative AI
  • Stage:Seed, Pre-Seed
  • Geography: Serbia, Singapore

Investor stats

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

Portfolio highlights

  • Kindred — Blockchain-enabled AI companions for the masses. On @SeiNetwork
  • KOKODI — A third-person fantasy extraction shooter inspired by Asian culture.
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SWGI ventures
VC Fund · 1 investments in Serbia Gaming startups

SWGI ventures operates as an investment firm.

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed
  • Geography: Serbia

Investor stats

  • Total investments: 2
  • Round size: Seed $1.1M–$1.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • EclipseFi — EclipseFi is a Cosmos modular multi-chain token issuance platform that seeks to tackle Launchpad's cross-chain user experience and sustainability challenges with features like smart accounts and cross-chain design.
  • KOKODI — A third-person fantasy extraction shooter inspired by Asian culture.
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Beam
VC Fund · Gibraltar, Gibraltar, Gibraltar · 1 investments in Serbia Gaming startups

We are a decentralized autonomous organization on a mission to revolutionize gaming. Join us as we build the metaverse by empowering people to be a part of it.

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Investment focus

  • Industry: Gaming, Blockchain, Video Games
  • Stage:Seed, Initial Coin Offering, Series A
  • Geography: United States, United Kingdom, Sweden

Investor stats

  • Total investments: 59
  • Round size: Seed $1.5M–$10M; Series A $10M–$225M; Initial Coin Offering $1.2M–$20M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Qooverse — Qooverse is a Web3 gaming studio that creates fast-paced, win-to-earn mobile card games with a compelling gameplay loop. This involves developing an ecosystem of mid-core and casual social games for Telegram and future social platforms.
  • Aria — Next-gen platform combining Entertainment + AI
  • Cold River Games — Crystalfall is an upcoming free online action RPG with customizable skills and an endless endgame, set in a steampunk world.
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Gaming Investor funding in Serbia at a glance

Stats across 15 deals from 18 investors.

18
investors
in Serbia Gaming startups
15
deals
in Serbia Gaming startups
$115k
median round
in Serbia Gaming startups
39%
lead investors
lead at least one round
27%
Seed
most common funding stage
100/0
VC / Angel
share of investor count

Access all 18 investors in Serbia Gaming startups.

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