Top 10 Marketplace VC Funds &amp; Investors in Serbia (September 2026)

South Central Ventures is dedicated to investments in startups, small and medium globally oriented technology companies in SE Europe.

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 — KatalistAI is a design assistant that unleashes your marketing and design potential. Driven by cutting-edge AI, it streamlines your creative process, elevates your ideas, and amplifies productivity.

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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.

Investment focus

Industry: Financial Services, Banking, Manufacturing
Stage:Debt Financing, Post-IPO Debt, Private Equity
Geography: Turkey, Egypt, Ukraine

Investor stats

Total investments: 491
Round size: Post-IPO Debt $17M–$369M; Debt Financing $5.1M–$225M; Private Equity $15M–$100M
Lead/follow: 76% lead, 24% follow

Portfolio highlights

Akbank — Akbank provides banking transactions for economic, financial, and commercial endeavors and activities. Their banking applications include corporate and investment banking, commercial banking, SME banking, retail banking, payment systems, treasury transactions, private banking, and international banking services.
Infinity Power — Infinity Power is the largest African renewable energy company, offering innovative solutions in solar power, wind energy, and low-carbon hydrogen technologies. Discover our projects and commitment to sustainable energy solutions.
QNB Türkiye — QNB Finansbank is a Turkish bank with headquarters in Istanbul. That provides Banking service.

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All-in-one solution for fundraising, managing and trading equity. Explore promising tech startups and flexible funding opportunities with SeedBlink.

Investment focus

Industry: Software, SaaS, Information Technology
Stage:Seed, Pre-Seed, Series A
Geography: Romania, United States, United Kingdom

Investor stats

Total investments: 123
Round size: Seed $348k–$2.2M; Pre-Seed $139k–$1M; Series A $2.5M–$35M
Lead/follow: 20% lead, 80% follow

Portfolio highlights

Dronamics — Dronamics offers an all-in-one solution for the middle-mile powered by our Black Swan cargo drone, a network of droneports, and fully mobile control and cargo systems.
Pago — Pago develops a digital payments platform that allows users to manage and pay household expenses through a mobile application. The company provides bill payment services for utilities, insurance, taxes, mobile prepaid recharges, road tolls, and travel-related services within a unified interface. Its platform supports account aggregation, automaticbill retrieval, payment scheduling, and notification tools that help users organize recurring financial obligations. Pago also integrates with banking and financial service applications to extend payment capabilities across partner ecosystems. The company includes transaction history, account management, and digital document storage features to support personal finance tracking and payment administration. In addition, Pago uses encrypted communications and secure payment processing technologies to support data protection and digital transaction security for consumers and partner platforms.
Footprints AI — Retail Media Powered by AI That Understands Why People Buy. Connected to Real Shopper Purchases. Footprints AI is the most advanced platform to buy or sell retail ads - in stores and online - with precise targeting across the largest retail media ecosystem.

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IPSD - Innovative Private Sector Development

Investment focus

Industry: Retail, Fashion, Shopping
Stage:Seed
Geography: Serbia, United States

Investor stats

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

Portfolio highlights

gamiphy — GAMIPHY is a user engagement and retention platform that equips brands in different industries with tools proven to increase customer reach and loyalty such as branded mini games, playable Ads and digital loyalty programs. The tools and techniques offered by GAMIPHY can be either integrated into existing websites and apps, or can be used to createplatform-independent solutions. The available solutions are diverse, fully customizable, DIY, and are guaranteed to improve each customer journey, thus shorten the path to earn the loyalty sought after.
Modesta — Modesta is an e-commerce store that helps women express themselves by featuring the latest trends in modest fashion.

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NBM is a specialized firm that successfully pioneered global digital-media investing over the last decade, backing successes like IDN Media in Indonesia, Pocket Aces in India, TheNewsLens in Taiwan and Capital Digital in Mexico. Its first venture fund, launched in 2015, consistently ranks in the top quartile of media and global venture funds. TheFund, which has been backed by several of the world’s leading media brands, is now open to other investors as its investment team moves to take advantage of the sudden rise of opportunities and new valuations in the global media landscape. NBM’s co-founders are Marcus Brauchli, the former top editor at The Washington Post and The Wall Street Journal; Sasa Vucinic, the longtime CEO of the Media Development Investment Fund (MDIF). The firm’s general counsel is Stuart Karle, former COO of Reuters and General Counsel of the Journal.

Investment focus

Industry: Digital Media, Advertising, News
Stage:Seed, Series A, Series B
Geography: United States, India, Vietnam

Investor stats

Total investments: 65
Round size: Seed $75k–$5.7M; Series A $1.5M–$7.5M; Series B $2M–$23M
Lead/follow: 26% lead, 74% follow
Last fund: May invest from a new fund soon — raised $500k in 2021

Portfolio highlights

Zaiko — Zaiko is the market leader in providing ticketing technology for live events and streaming shows. Monetize your show, engage fans, user analytic data, memberships, and more.
Spectrm — charles is the Conversational Marketing AI and CRM platform for brands to attract, convert, and retain customers via AI agents and marketing automations.
Kaleidoscope — Kaleidoscope Content, bringing vivid stories from around the globe. Listen in color!

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One of the leading European technology-focused growth capital investors, backing high-growth SMEs across Technology & Internet, Media & Communications.

Investment focus

Industry: Software, Internet, SaaS
Stage:Series A, Seed
Geography: United States, Romania, Poland

Investor stats

Total investments: 78
Round size: Seed $719k–$4.6M; Series A $768k–$12M
Lead/follow: 51% lead, 49% follow
Last fund: Likely still investing — raised $120M in 2024

Portfolio highlights

GoTo (formerly LogMeIn) — GoTo, formerly known as LogMeIn, offers flexible-work software solutions such as GoTo Connect, GoTo Resolve, Rescue, and Central. Designed primarily for small and midsize business IT departments yet robust enough for enterprise use, GoTo's platform supports unified communications and collaboration (UCC) as well as IT management and support.With nearly 800,000 customers, GoTo facilitates over 1 billion participants in meetings, classes, and webinars through its UCC products and enables half a billion connections via its remote access and support tools.
Wealthon — Wealthon is a lending firm that offers installment loans, bridging loans, and POSCASH to individuals and businesses.
BOOKR Kids — BOOKR Kids helps children develop better first and second language skills using engaging technology and fun reading activities and games.

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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.

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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Catalyst Romania is a private equity and venture capital fund platform.

Investment focus

Industry: Software, Retail, FinTech
Stage:Venture - Series Unknown, Seed
Geography: Romania, United Kingdom, Serbia

Investor stats

Total investments: 16
Round size: Seed $1.1M–$2.1M; Venture - Series Unknown $1.4M–$6.1M
Lead/follow: 69% lead, 31% follow

Portfolio highlights

Carfix — Carfix solves every task in minutes, eliminating costly fines for expired inspections, unpaid taxes, human errors & paper-based procedures
SOMAREALITY — SOMAREALITY provides eye tracking solutions for diverse industries. Improve healthcare, automotive, research & aviation with real-time cognitive insights.
Footprints AI — Retail Media Powered by AI That Understands Why People Buy. Connected to Real Shopper Purchases. Footprints AI is the most advanced platform to buy or sell retail ads - in stores and online - with precise targeting across the largest retail media ecosystem.

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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.

Investment focus

Industry: Software, Information Technology, E-Commerce
Stage:Series A, Venture - Series Unknown
Geography: Hungary, United Kingdom, United States

Investor stats

Total investments: 30
Round size: Series A $554k–$10M; Venture - Series Unknown $3.8M–$4.3M
Lead/follow: 20% lead, 80% follow
Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

Datapao — Discover DATAPAO's data consulting solutions in cloud migrations, data science, data engineering, AI & ML.
Daytrip — Book private car transfers, round-trip day trips, or hire an hourly driver. Enjoy door-to-door rides and sightseeing in 130+ countries with local drivers.
Hypefy — An influencer marketing platform built for brands that want to discover creators, run campaigns, and measure performance with ease.

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