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Top 10 Gaming Startup Investors in Serbia (July 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
2 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.7M
SWGI ventures
VC Fund
1 Serbia Seed Blockchain, Gaming, Cryptocurrency $1.1M–$1.9M
Purechain Capital
VC Fund
1 Serbia, Singapore, United States Seed, Pre-Seed Blockchain, Cryptocurrency, Web3 $1.1M–$5.2M
Beam
VC Fund
1 United States, United Kingdom, Vietnam Seed, Series A Gaming, Blockchain, Video Games $1.5M–$225M
Kangaroo Capital
VC Fund
1 India, Serbia, Sweden Seed, Series A Blockchain, Cryptocurrency, Gaming $1.2M–$5M
Avalanche
VC Fund
1 United States, France, Singapore Seed, Grant, Series A Blockchain, Cryptocurrency, Gaming $1.5M–$70M
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, Brazil, Cyprus Debt Financing, Corporate Round Apps, Software, EdTech $2M–$25M
Tenzor Capital
VC Fund
1 Canada, United States, United Kingdom Seed, Pre-Seed Blockchain, Cryptocurrency, Software $1M–$8.5M
vVv
VC Fund
1 Serbia, Singapore Seed, Pre-Seed Blockchain, Gaming, Generative AI
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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 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, 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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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 — KOKODI is a cross-chain, multi-platform MMO game that allows players to play with zero-knowledge cryptography.
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Purechain Capital
VC Fund · 1 investments in Serbia Gaming startups

Purechain Capital is a venture capital firm focused on promoting the blockchain sector through smart investments in innovation and technology.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed
  • Geography: Serbia, Singapore, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $1.1M–$5.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Credbull — Credbull manages on-chain private credit funds that provide vital financing solutions to creditworthy small and medium-sized enterprises (SMEs).
  • Kindred — Kindred Labs is building the default interface for human–AI interaction — always-on, trusted companions that unify productivity, commerce, and emotional connection into a single relationship. As the only AI company officially trusted by 25+ iconic IPs, including Sanrio, Warner Bros., LINE Friends, and Pudgy Penguins, Kindred Labs sits on a uniquecultural and distribution moat powered by billions of existing fans worldwide.Kindred’s growth has been consistently explosive: the company has attracted millions of registered users within weeks of opening access, climbed into the Top 10 on DappRadar with hundreds of thousands of on-chain daily and monthly active users and millions of on-chain transactions in a single month, and driven an NFT free-mint that organically reached above a 1.3 ETH floor, alongside outsized gains in brand mindshare and category visibility (including a #1 gainer ranking on Kaito).Backers and partners include SEI Foundation, Protocol Labs, 0G Foundation, Techstars, Orange DAO, Sky Mavis, CoinMarketCap Labs, Nvidia Inception, ElevenLabs, and others. Kindred Labs is founded by Max Giammario, whose M.A./Ph.D.-level research focuses on human–AI interaction, and is built by a team of experts from companies such as Apple and Disney.
  • KOKODI — KOKODI is a cross-chain, multi-platform MMO game that allows players to play with zero-knowledge cryptography.
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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, Series A
  • Geography: United States, United Kingdom, Vietnam

Investor stats

  • Total investments: 57
  • Round size: Seed $1.5M–$10M; Series A $10M–$225M
  • Lead/follow: 14% lead, 86% 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 — Aria is a role-playing game in which players can freely traverse an open world while experiencing the thrill of epic quests and combat.
  • 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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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: India, Serbia, Sweden

Investor stats

  • Total investments: 20
  • Round size: Seed $1.2M–$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 — KOKODI is a cross-chain, multi-platform MMO game that allows players to play with zero-knowledge cryptography.
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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: 35
  • Round size: Seed $1.5M–$15M; Series A $9.4M–$70M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Oumla — Secure, scalable blockchain infrastructure for businesses, enterprises, and governments to manage digital assets with ease and compliance.
  • E36 Knots — E36 Knots build decentralized web3 services with the goal of empowering developers and users
  • 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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Exel by Merak
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Serbia Gaming startups, 34 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 — Taka Studio focuses on developing original video games, possibly in genres such as strategy or sports, though detailed information on titles or operations is limited without direct access.
  • Entropy Minds — Entropy Minds focuses on providing new gaming experiences to worldwide players.
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PvX Partners
VC Fund · Singapore, Central Region, Singapore · 1 investments in Serbia Gaming 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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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 — KOKODI is a cross-chain, multi-platform MMO game that allows players to play with zero-knowledge cryptography.
  • Sats Terminal — Sats Terminal is a Bitcoin DeFi aggregation protocol that integrates fragmented DeFi opportunities.
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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 — Kindred Labs is building the default interface for human–AI interaction — always-on, trusted companions that unify productivity, commerce, and emotional connection into a single relationship. As the only AI company officially trusted by 25+ iconic IPs, including Sanrio, Warner Bros., LINE Friends, and Pudgy Penguins, Kindred Labs sits on a uniquecultural and distribution moat powered by billions of existing fans worldwide.Kindred’s growth has been consistently explosive: the company has attracted millions of registered users within weeks of opening access, climbed into the Top 10 on DappRadar with hundreds of thousands of on-chain daily and monthly active users and millions of on-chain transactions in a single month, and driven an NFT free-mint that organically reached above a 1.3 ETH floor, alongside outsized gains in brand mindshare and category visibility (including a #1 gainer ranking on Kaito).Backers and partners include SEI Foundation, Protocol Labs, 0G Foundation, Techstars, Orange DAO, Sky Mavis, CoinMarketCap Labs, Nvidia Inception, ElevenLabs, and others. Kindred Labs is founded by Max Giammario, whose M.A./Ph.D.-level research focuses on human–AI interaction, and is built by a team of experts from companies such as Apple and Disney.
  • KOKODI — KOKODI is a cross-chain, multi-platform MMO game that allows players to play with zero-knowledge cryptography.
Show all investments...

Gaming Investor funding in Serbia at a glance

Stats across 9 deals from 14 investors.

14
investors
in Serbia Gaming startups
9
deals
in Serbia Gaming startups
$700k
median round
in Serbia Gaming startups
36%
lead investors
lead at least one round
33%
Debt Financing
most common funding stage
100/0
VC / Angel
share of investor count

Access all 14 investors in Serbia Gaming startups.

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