Innovation Fund Serbia
VC Fund
Belgrade, Serbia
Innovation Fund Serbia is a VC fund in Belgrade focused on Software and Artificial Intelligence. 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.
- Total investments:
- 8
- Last investment:
- Lead investor:
- 75%
Last updated:
For AI agents: llms.txt
Industries Innovation Fund Serbia invests in
Stages Innovation Fund Serbia invests in
Countries Innovation Fund Serbia invests in
Round sizes
Round size
- Seed
- $35k–$100k
- Grant
- $84k–$113k
- Pre-Seed
- $52k–$133k
Investment Focus
Industry
- Software 4 (50%)
- Artificial Intelligence 4 (50%)
- Analytics 2 (25%)
- Machine Learning 2 (25%)
- SaaS 1 (13%)
Stage
- Grant 3 (38%)
- Pre-Seed 3 (38%)
- Seed 1 (13%)
Country
- Serbia 5 (63%)
- Bulgaria 1 (13%)
- United States 1 (13%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Valuator is a one-click procurement management system that offers simple communication with suppliers, sending requests for proposals, a clear overview of all received proposals, selecting the best ones, analytics, and report generation | $83.8K / Grant / Mar 11, 2024 | ||
| VLADAM is a consumer-oriented, AI-based cryptocurrency trading platform. They use reinforcement learning, agent technology, and multiple financial market indicators to generate cryptocurrency trading signals for Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Dash. It uses deep reinforcement learning to predict cryptocurrency price movements andgenerate real-time trading signals. | $133.4K / Pre-Seed / Nov 01, 2021 | ||
| We are a multidisciplinary team comprising experts in the domain of artificial intelligence, law, user experience and seasoned IT engineers. Our experience in developing mobile applications and online services provided us with insight into privacy policy challenges. Together with our data privacy and legal tech consultants and user experienceexperts we are working on bringing the complex aspects of privacy policies to end users in a simple, yet informing way. | $51.8K / Pre-Seed / Mar 01, 2021 | ||
| We have developed a solution that allows us to transform any ordinary camera into a pseudo-LiDAR system. This technology allows us to capture 3D data from the environment using a standard 2D camera, providing many of the same benefits as a LiDAR system at a fraction of the cost. Our patented technology enables detailed highway traffic analysis in3D, which can improve road planning and allow for real-time traffic management. Our pseudo-LiDAR technology is versatile and can be used in a wide range of applications, including traffic management, real-time monitoring, and parking occupancy monitoring. With this technology, we are able to provide our clients with access to powerful 3D sensing capabilities, enabling them to unlock new possibilities and drive innovation. | $126K / Pre-Seed / Jun 15, 2020 | ||
| OM3GA SOLUTIONS provides services in AI/ML speech-to-text, text-to-speech and virtual assistant, web design and hosting. | $113.4K / Grant / Jun 04, 2020 | ||
| Publitio, is Video and Image API, a SaaS that streamlines a website's entire image and video management pipeline. Publitio strives to be the standard for online images and video acquisition, transcoding and distribution.Using Publitio you can easily move all your website’s images and videos to Publitio's cloud infrastructure.Automatically perform smart image or video resizing, cropping, merging, overlay, watermark, rotations and perform format conversions. All this without installing any complex software. Integrate Facebook, Twitter, Google+ and Gravatar profile image extraction in a snap, fetch images or videos from any online resource in any dimension and style to match your website’s graphics requirements, and much more. Simply put, if you have images or video in your web or mobile app, let Publitio manage them for you so you can focus on development and growth of your App.Best time to join us was yesterday, next best time is now. | $100.1K / Seed / Feb 01, 2018 | ||
| Publitio, is Video and Image API, a SaaS that streamlines a website's entire image and video management pipeline. Publitio strives to be the standard for online images and video acquisition, transcoding and distribution.Using Publitio you can easily move all your website’s images and videos to Publitio's cloud infrastructure.Automatically perform smart image or video resizing, cropping, merging, overlay, watermark, rotations and perform format conversions. All this without installing any complex software. Integrate Facebook, Twitter, Google+ and Gravatar profile image extraction in a snap, fetch images or videos from any online resource in any dimension and style to match your website’s graphics requirements, and much more. Simply put, if you have images or video in your web or mobile app, let Publitio manage them for you so you can focus on development and growth of your App.Best time to join us was yesterday, next best time is now. | $35.4K / Seed / Aug 01, 2017 | ||
| Coprix Media develops learning apps that opens up opportunities for kids to really engage in education and to be a part of the process. Based on scientific research, COPRIX’s learning system has been developed by early-childhood education experts and tested extensively with real-life students, teachers and parents. Each interactive application isfully aligned with official K12 school curricula in multiple countries (US, EU, MENA). Moreover, the ability to run COPRIX’s apps on Interactive/Smart whiteboards, resonates well with teachers’ need to engage students in classroom-wide collaborative learning. Data driven information provide insight into the progress of every child and maximize their learning potential.COPRIX aims to influence the creation of a new educational system through a solution that will follow the growth of a child throughout his or her “schoolhood” learning process, simultaneously evolving in order to enhance and empower his/her progress by responding to his/her path of interest and capabilities. | $105.7K / Grant / Sep 01, 2013 |
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FAQ
What does Innovation Fund Serbia invest in?
Innovation Fund Serbia invests primarily in Software, Artificial Intelligence and Analytics startups, most often at Grant and Pre-Seed stage. Most of the 8 investments tracked by Shizune back companies in Serbia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Innovation Fund Serbia invest in?
Innovation Fund Serbia typically joins rounds of $35k–$100k at Seed, $84k–$113k at Grant and $52k–$133k at Pre-Seed. These are whole funding-round sizes, not Innovation Fund Serbia's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Innovation Fund Serbia took part in.
When did Innovation Fund Serbia last invest?
The most recent investment recorded for Innovation Fund Serbia closed in Mar 2024. Shizune tracks 8 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Nov 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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