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Top 5 Mobile Startup Investors in Serbia (October 2026)

The most active venture capital funds and angel investors investing in Serbia Mobile startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Serbia Mobile startup companies. Find investors to raise a Pre-Seed, Seed or Private Equity round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Eleven Ventures
VC Fund
5 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, E-Commerce, Information Technology $28k–$2.3M
European Bank for Reconstruction and Development
VC Fund
2 Turkey, Egypt, Ukraine Debt Financing, Post-IPO Debt, Private Equity Financial Services, Banking, Energy $5.1M–$369M
Stevan Radak
Angel
1 Serbia Angel Printing, E-Commerce, Mobile Apps
Lenovo Capital
VC Fund
1 China, Hong Kong, United States Series A, Seed, Series B Manufacturing, Artificial Intelligence, Software $1.4M–$150M
Sandberg Capital
VC Fund
1 Czech Republic, Slovakia (Slovak Republic), Serbia Private Equity, Venture - Series Unknown Information Technology, SaaS, iOS $14M–$21M
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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 5 investments in Serbia Mobile 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, Information Technology
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 212
  • Round size: Seed $28k–$2.3M; Pre-Seed $55k–$1.1M; Convertible Note $28k–$120k
  • Lead/follow: 31% lead, 69% 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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European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 2 investments in Serbia Mobile 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: 502
  • Round size: Post-IPO Debt $17M–$369M; Debt Financing $5.1M–$247M; Private Equity $15M–$100M
  • Lead/follow: 76% lead, 24% follow

Portfolio highlights

  • İşbank — İşbank is a Turkish commercial banking service provider.
  • 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.
  • Tbc Bank Group — TBC Bank Group PLC is the UK-based parent company of JSC TBC Bank and its affiliates, Georgia's largest banking group.
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Stevan Radak
Angel · 1 investments in Serbia Mobile startups

Serial angel investor and founder of 1st Serbian seed capital fund with 10+ years of experience from reputable international investment banks (including UniCredit, Deutsche Bank, E&Y).

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Investment focus

  • Industry: Printing, E-Commerce, Mobile Apps
  • Stage:Angel
  • Geography: Serbia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • YoloBook — YoloBook provides photo frames, photo albums, and a calendar. They also provide gifts for birthdays, anniversaries, girlfriends, boyfriends, new year, kids, family, friends, women's day, and valentine's day.
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Lenovo Capital
VC Fund · Beijing, Beijing, China · 1 investments in Serbia Mobile startups

Lenovo Capital and Incubator Group is an accelerator and venture capital firm.

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Investment focus

  • Industry: Manufacturing, Artificial Intelligence, Software
  • Stage:Series A, Seed, Series B
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 347
  • Round size: Seed $1.4M–$65M; Series A $1.5M–$74M; Series B $8M–$150M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2016

Portfolio highlights

  • SemiGraph — SemiGraph focuses on the research, development, and implementation of "3D intelligent interaction + ultimate aesthetics."
  • Deepin Technology — Deepin Technology is a company that utilizes artificial intelligence, quantum chemistry, and high-throughput experiment technologies to enhance the efficiency and workflow of chemical material innovation. it offers efficient R&D solutions for chemical materials, aiming to solve lab bottlenecks, promote innovative research, and enhance customervalue.
  • SenseTime Medical — SenseTime Medical promotes the development and implementation of its medical big model and provides smart health solutions.
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Sandberg Capital
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 1 investments in Serbia Mobile startups

Sandberg Capital is a private equity firm specializing in small and medium private companies. Sandberg Capital focuses on investing in small and medium-sized businesses, building on J & T's 20 years experience in corporate finance and private equity.

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Investment focus

  • Industry: Information Technology, SaaS, iOS
  • Stage:Private Equity, Venture - Series Unknown
  • Geography: Czech Republic, Slovakia (Slovak Republic), Serbia

Investor stats

  • Total investments: 5
  • Round size: Venture - Series Unknown $14M–$21M
  • Lead/follow: 100% lead, 0% follow
  • Last fund: May invest from a new fund soon — raised $159M in 2021

Portfolio highlights

  • Daktela — One AI-powered platform for all customer communication - voice, email, chat, SMS and social media, built for teams of any size. Trusted by 1600+ customers across Europe.
  • Quantox Technology — Quantox Technology offers cutting-edge IT solutions, custom software development, and comprehensive web services to drive your business forward.
  • Revolgy — Revolgy helps businesses with the cloud solutions, brings faster time to value and helps with cloud operations and remote work solutions. Constantly building cloud-native community around whole Europe.
Show all investments...

Mobile Investor funding in Serbia at a glance

Stats across 8 deals from 4 investors.

4
investors
in Serbia Mobile startups
8
deals
in Serbia Mobile startups
$32k
median round
in Serbia Mobile startups
75%
lead investors
lead at least one round
38%
Non-equity Assistance
most common funding stage
100/0
VC / Angel
share of investor count

Access all 4 investors in Serbia Mobile startups.

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