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Top 15 Internet VC Funds & Investors in Serbia (November 2026)

The most active venture capital funds investing in Serbia Internet startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Serbia Internet startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Version One Ventures
VC Fund
2 United States, Canada, India Seed, Series A, Series B Software, Internet, Blockchain $1M–$55M
Innovation Fund Serbia
VC Fund
2 Serbia, Bulgaria, United States Grant, Pre-Seed, Seed Software, Artificial Intelligence, Analytics $35k–$133k
Eleven Ventures
VC Fund
2 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, E-Commerce, Mobile $28k–$1.9M
Tokonomy
VC Fund
2 Serbia, Liechtenstein Seed, Pre-Seed Web3, Internet, Software $1.5M–$4M
Accel
VC Fund
2 United States, India, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, SaaS $1.3M–$70M
Maven 11 Capital
VC Fund
2 United States, United Kingdom, Australia Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Financial Services $1.3M–$43M
South Central Ventures
VC Fund
2 United States, United Kingdom, Serbia Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $34k–$5.3M
KR1
VC Fund
2 United States, United Kingdom, Switzerland Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Internet $66k–$43M
ICT Hub Venture
VC Fund
2 Serbia, Belgium, Germany Pre-Seed, Seed SaaS, Software, Gaming $23k–$325k
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Artificial Intelligence $800k–$62M
Fansara
VC Fund
1 Serbia Seed Web3, Internet, Web Design
Vega IT
VC Fund
1 Serbia, United States Seed, Corporate Round SaaS, Video, Software
Oriole Ventures
VC Fund
1 Hong Kong, United Kingdom, Serbia Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Financial Services $50k–$5M
IVC
VC Fund
1 United States, Singapore, Philippines Seed, Pre-Seed Blockchain, Gaming, Cryptocurrency $480k–$9M
Blockchain Capital
VC Fund
1 United States, United Kingdom, Singapore Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $850k–$40M
Access all 15 VC funds in Serbia Internet startups.

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

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Investor list

Version One Ventures
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Serbia Internet startups

Version One Ventures backs mission-driven founders who are early in new areas.

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Investment focus

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

Investor stats

  • Total investments: 168
  • Round size: Seed $1M–$5.7M; Series A $4M–$24M; Series B $8M–$55M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fresh fund, raised $78M in 2026

Portfolio highlights

  • rio.ai — rio.ai provides an online pharmacy and shopping assistant accessed through WhatsApp. It supports orders for prescription and over-the-counter medicines, personal care products, baby items, nutraceuticals, ayurvedic products, food, and pet supplies. Customers can describe their needs in text or send a product image, after which Rio connects the request with available suppliers and arranges delivery. The service operates across Noida and the Delhi NCR region.
  • Pilot Protocol — Pilot Protocol is an open-source network for AI agents: addresses, encrypted tunnels and trust, about 430 live data agents, an App Store and Pilot Cloud.
  • 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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Innovation Fund Serbia
VC Fund · Belgrade, Vojvodina, Serbia · 2 investments in Serbia Internet 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, the Innovation 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: Software, Artificial Intelligence, Analytics
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Serbia, Bulgaria, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $35k–$100k; Grant $84k–$113k; Pre-Seed $52k–$133k
  • Lead/follow: 75% lead, 25% 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 — The first and only app that reads & analyzes privacy policies on your behalf.
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Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Serbia Internet 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, E-Commerce, Mobile
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 325
  • Round size: Seed $28k–$1.9M; Pre-Seed $35k–$877k; Convertible Note $28k–$117k
  • Lead/follow: 21% lead, 79% 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 automates B2B orders for FMCG wholesalers and distributors. Revenue uplift of up to 30%, live in under a week. No new apps, no change for your accounts.
  • Blue Longevity — Expert care for a healthier, longer life. Opening soon Athens | Istanbul | Sofia
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Tokonomy
VC Fund · London, England, United Kingdom · 2 investments in Serbia Internet 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 control. Deploy your own blockchain as easily as a smart contract with abundant throughput.
  • 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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Accel
VC Fund · Palo Alto, California, United States · 2 investments in Serbia Internet startups

First partner to exceptional teams everywhere

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Investment focus

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

Investor stats

  • Total investments: 2569
  • Round size: Seed $1.3M–$11M; Series A $4.4M–$41M; Series B $9.3M–$70M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely actively investing — fresh fund, raised $750M in 2026

Portfolio highlights

  • MobStac — Developer of a cloud-based mobile marketing platform designed to connect the digital and physical worlds through the use of innovative technology. The company's platform is based on the principals of proximity marketing and engage customers in a personalized, context-aware way that leverages indoor location and proximity, enabling businessesand brands to leverage BLE beacon technology to deliver context-rich experiences to their end users.
  • Krux — Use Salesforce's data management platform (DMP) to unify your data and strengthen customer relationships across every touchpoint.
  • Perplexity — Perplexity is a search engine platform that uses artificial intelligence to provide large language models and search engines. The company's platform enables the development of beneficial artificial general intelligence, as well as an open-source environment that is accessible to the public, allowing clients to develop skills and knowledge inartificial intelligence.
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Maven 11 Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Serbia Internet startups, 15 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, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Australia

Investor stats

  • Total investments: 139
  • Round size: Seed $1.9M–$10M; Pre-Seed $1.3M–$3.1M; Series A $5M–$43M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely actively investing — fresh fund, raised $107M in 2025

Portfolio highlights

  • Umia — Umia is an onchain venture-creation platform for token-native projects. It provides a legal wrapper, token minting, community fundraising through public token auctions, a noncustodial treasury, and governance through onchain “decision markets.”
  • tenka — tenka is an institutional-grade, decentralized market layer for asset-based finance (ABF) and private credit
  • functionSPACE — functionSPACE develops decentralized financial infrastructure and market primitives that allow users to price, trade, and build custom payoff structures based on a continuous range of numerical outcomes rather than simple binary choices.
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South Central Ventures
VC Fund · Belgrade, Vojvodina, Serbia · 2 investments in Serbia Internet 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 $224k–$3M; Pre-Seed $34k–$2M; Series A $335k–$5.3M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $78M in 2022

Portfolio highlights

  • Bubo² — Easily sell & rent high-value equipment online with immersive 3D technology. Drive conversions and boost customer confidence.
  • GlycanAge — The only biological age test that accurately measures your unique response to life changes. Discover your biological age and make lifestyle improvements!
  • Katalist — AI video tool for performance agencies. Generate shots with the best models, keep characters + products consistent, and scale across client in the portfolio.
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KR1
VC Fund · Douglas, NA - Isle of Man, Isle of Man · 2 investments in Serbia Internet 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, Pre-Seed
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 54
  • Round size: Seed $200k–$6M; Pre-Seed $66k–$1.3M; Series A $2.5M–$43M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Avail — Meet the Avail team building the future of modular blockchain infrastructure.
  • Code & State — Code & State is a venture builder. We start companies with founders and build alongside them: product, engineering and go-to-market, from nothing to a company in market.
  • 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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ICT Hub Venture
VC Fund · Belgrade, Vojvodina, Serbia · 2 investments in Serbia Internet 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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Point Nine
VC Fund · Berlin, Berlin, Germany · 2 investments in Serbia Internet 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, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 324
  • Round size: Seed $800k–$7M; Series A $3M–$24M; Series B $9M–$62M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $173M in 2022

Portfolio highlights

  • Procuros — More and more sales teams struggle with supplier portals. We help you integrate digitally with common supplier portals and consolidate all order documents.
  • 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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Access 48,091 investors

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

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Fansara
VC Fund · 1 investments in Serbia Internet 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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Vega IT
VC Fund · Novi Sad, Vojvodina, Serbia · 1 investments in Serbia Internet startups

Software partners, co-creators, passionate innovators. Build your vision. Boost your business with software development partners working at the cutting-edge of digital product development.

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Investment focus

  • Industry: SaaS, Video, Software
  • Stage:Seed, Corporate Round
  • Geography: Serbia, United States

Investor stats

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

Portfolio highlights

  • Thrivea — Thrivea is an AI-powered HRIS for growing teams moving beyond spreadsheets. Organize employee data and processes in one system - Core HR is free for 30 employees.
  • Publitio — Publitio handles storage, processing and delivery of images & videos for modern web and mobile apps
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Oriole Ventures
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Serbia Internet 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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IVC
VC Fund · Taipei, T'ai-pei, Taiwan · 1 investments in Serbia Internet 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 — Discover intelligent crypto investing with SuperIntent. Supercharged by DeFAI, it's your all-in-one app for smarter strategies and stress-free asset management.
  • SuperGaming — At SuperGaming, we are putting India on the global gaming map.
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Blockchain Capital
VC Fund · San Francisco, California, United States · 1 investments in Serbia Internet startups, 11 in the past 12 months

Partners to crypto builders since 2013.

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Investment focus

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

Investor stats

  • Total investments: 228
  • Round size: Seed $850k–$14M; Series A $5M–$32M; Venture - Series Unknown $4M–$40M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $580M in 2023

Portfolio highlights

  • NG.CASH — NG.CASH is a digital bank designed to help the new generations (ages 12 to 30) achieve financial independence. It lets users take charge of their money through solutions like PIX (Brazil’s instant-payment system), prepaid and virtual cards, allowance management, and now credit products tailored for young adults. As a financial hub, NG.CASH is builtto grow with its clients, boosting financial literacy and supporting them at every stage of life.
  • PhotonPay — Founded in 2015, PhotonPay is a digital financial infrastructure provider offering global payment solutions to businesses. Our innovative core products include Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. PhotonPay has become a Mastercard issuer in Hong Kong and the fintech card issuer in the GreaterChina region of Discover® Network. With a strong compliance culture and technological innovation capabilities, PhotonPay is building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale. Headquartered in Hong Kong and providing localized services through nine international offices, PhotonPay partners with a network of top-tier banks and global financial institutions and serves more than 200,000 customers globally.
  • Predicate — Define transaction rules to secure financial products.
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Internet VC funding in Serbia at a glance

Stats across 10 deals from 15 investors.

15
investors
in Serbia Internet startups
10
deals
in Serbia Internet startups
$1M
median round
in Serbia Internet startups
20%
lead investors
lead at least one round
30%
Seed
most common funding stage

Access all 15 VC funds in Serbia Internet startups.

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