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Top 5 Manufacturing Startup Investors in Croatia (September 2026)

The most active venture capital funds and angel investors investing in Croatia Manufacturing startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Croatia Manufacturing startup companies. Find investors to raise a Pre-Seed, Seed or Debt Financing round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Fil Rouge Capital (FRC)
VC Fund
7 Croatia, Slovenia, United Kingdom Seed, Pre-Seed Software, Information Technology, SaaS $50k–$1.2M
Hrvoje Kaluder
Angel
2 Croatia Pre-Seed Smart Cities, Transportation, Internet of Things $43k–$55k
PBZ
VC Fund
1 Croatia, France, Israel Post-IPO Debt, Debt Financing Renewable Energy, Energy, Manufacturing $3.2M–$320M
Integrated Capital
VC Fund
1 India, Taiwan, Croatia Series A, Seed, Series B E-Commerce, Food and Beverage, Software $3.4M–$40M
European Bank for Reconstruction and Development
VC Fund
1 Turkey, Egypt, Ukraine Debt Financing, Post-IPO Debt, Private Equity Financial Services, Banking, Energy $5.1M–$369M
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Investor list

Fil Rouge Capital (FRC)
VC Fund · Zagreb, Grad Zagreb, Croatia · 7 investments in Croatia Manufacturing startups

Fil Rouge Capital (FRC) is an investment fund manager whose funds focus on early-stage businesses from pre-seed, seed, and Series A rounds of investment.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Croatia, Slovenia, United Kingdom

Investor stats

  • Total investments: 169
  • Round size: Seed $50k–$1.2M; Pre-Seed $55k–$345k
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — raised $51M in 2019

Portfolio highlights

  • HEU — Draft, sign and store contracts in one place. AI extracts deadlines and clauses, signatures valid in 180+ countries.
  • Borza terjatev — Borza terjatev is the operator of a P2P financing market for businesses, operating in Slovenia and Croatia. We provide convenient on-line working capital finance for SMEs and simple, low-risk money placement to investors.
  • TDA — About TDA TDA is an award-winning global marketplace that connects companies with the world’s best digital agencies. Ultimately, we are just like you. Our international team comes from both digital agencies and the companies that use them. All of us were frustrated with the difficulties of finding the right match for successful partnerships.TDAis here to help companies and digital agencies meet, help you build your business and to make the world a more connected place. Whether your company needs digital marketing, web development or any number of other digital services, our simple, standardized and efficient process helps you find the right digital agency for your business. Finding an Agency With TDA Using TDA is quick and easy. Companies fill in information about what they need and then wait for digital agencies to pitch to them. Our system notifies digital agencies about the project and they pitch directly to the company on TDA in a standardized format. After reviewing agency pitches, companies can choose an agency to work with.Does TDA Take Commissions? We are a matchmaking site. This means we don’t get in the middle of communications, work or payments between companies and digital agencies. It also means that we don’t take any commissions. We exist solely to help companies find the best digital agencies in the world and to help those digital agencies showcase their services. TDA by the Numbers TDA was founded in 2018. In less than 12 months, over $43 million of projects had been placed on the platform. We have a network of over 5,000 digital agencies in 115 countries. We have won startup competitions, were the fastest ever financing round on a global equity crowdfunding platform and the very first investment of a leading venture capital fund. In February 2019, Startup Grind Silicon Valley named us a Top 50 Global Startup.
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Hrvoje Kaluder
Angel · 2 investments in Croatia Manufacturing startups

Investment focus

  • Industry: Smart Cities, Transportation, Internet of Things
  • Stage:Pre-Seed
  • Geography: Croatia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $43k–$55k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • DTX TECHNOLOGIES — Based on our previous experience in ITS we plan to continue the work and focus on development of industrial SCADA software solution for intelligent traffic management. Significant part would be moving the our solution to Azure cloud and making its architecture microservice based. Next important part would be to add the AI model to it, trained on 10years of gathered traffic data which would be utilized for traffic management optimization and replacement of personel in traffic management center
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PBZ
VC Fund · Zagreb, Grad Zagreb, Croatia · 1 investments in Croatia Manufacturing startups

PBZ Group specializes in the financial sector with a diverse range of specialized services including asset management, and banking.

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Investment focus

  • Industry: Renewable Energy, Energy, Manufacturing
  • Stage:Post-IPO Debt, Debt Financing
  • Geography: Croatia, France, Israel

Investor stats

  • Total investments: 8
  • Round size: Post-IPO Debt $3.4M–$320M; Debt Financing $3.2M–$21M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Koncar — Koncar Group's business activity lies mostly in power generation, distribution and transmission of electrical energy, industry.
  • The Garden Brewery — The Garden Brewery is a food and beverage company. They provide craft beer, a brewery, and beer. They offer craft beer at the music festivals blossoming on croatia’s shimmering adriatic coast.
  • Econergy Renewable Energy — Econergy to create, own, and manage utility-scale renewable energy projects, guided by in-depth knowledge of the industry, regulations, and technology at each crucial stage, from creation to supply
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Integrated Capital
VC Fund · Wan Chai, Hong Kong Island, Hong Kong · 1 investments in Croatia Manufacturing startups

Integrated Capital is a multi strategy investment firm investing across private and public equity, private credit and special situations.

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Investment focus

  • Industry: E-Commerce, Food and Beverage, Software
  • Stage:Series A, Seed, Series B
  • Geography: India, Taiwan, Croatia

Investor stats

  • Total investments: 13
  • Round size: Seed $6.5M–$6.5M; Series A $3.4M–$28M; Series B $12M–$40M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Entri — India's leading vernacular learning platform for Job Seekers. Learn Coding, Digital Marketing, Commerce, Spoken English and more.
  • The Naked Market — The Naked Market is a next-generation consumer products company that is creating a portfolio of food & beverage brands.
  • Surglasses — Advancing surgery, revolutionizing education. FDA 510(k) cleared AR spinal navigation; virtual dissection tables used in over 100 countries.
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European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 1 investments in Croatia Manufacturing 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: 485
  • Round size: Post-IPO Debt $17M–$369M; Debt Financing $5.1M–$215M; Private Equity $15M–$100M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Mlinar — Mlinar is the bakery retail and wholesale business in Croatia and operates the largest bakery retail network in South East Europe.
  • Yapı ve Kredi Bankası — Yapi Kredi Bankasi, established in 1944, is one of the first nationwide private banks in Turkey. It is engaged in credit cards, assets management, non-cash loans, leasing, factoring, private pension funds and non-life insurance. It is 80% owned by Koc Finansal Hizmetler (KFH), whose combined financial services network consists of over 13 millioncustomers and 835 branches in Turkey.Yapi Kredi was acquired by Mehmet Emin Karamehmet's Çukurova Holding in 1984. In 2003, Çukurova Holding reached an agreement with the Turkish bank regulator to sell the majority of its shares in Yapi Kredi within two years. In 2005, the majority of shares in Yapi Kredi was acquired by the owners of Koçbank. Koç Finansal Hizmetler (KFH) was an equal partnership between Koç Holding and Italian banking giant, Unicredit. In 2006, Koçbank was merged into Yapı Kredi, leaving 80% of Yapi Kredi owned by KFS.
  • European Metals Holdings — European Metals Holdings is a mineral exploration and development company engaged in the exploration of tin and base metals. The Company is primarily involved in the development of a lithium and tin project in the Czech Republic.
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Manufacturing Investor funding in Croatia at a glance

Stats across 20 deals from 20 investors.

20
investors
in Croatia Manufacturing startups
20
deals
in Croatia Manufacturing startups
$21M
median round
in Croatia Manufacturing startups
65%
lead investors
lead at least one round
30%
Venture - Series Unknown
most common funding stage
100/0
VC / Angel
share of investor count

Access all 20 investors in Croatia Manufacturing startups.

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