Ministry of programming
VC Fund
Sarajevo, Bosnia and Herzegovina
Ministry of Programming is a supercharged venture-builder/startup studio working with startups from all over the world. Our main mission is to help entrepreneurs design and launch new products, iterate, and succeed faster.Unlike an average software consultancy or agency, we provide an end-to-end support structure with pre-seed capital, teamaugmentation, as well as advanced product design and development services to early-stage startups and new products. Slowly but steadily, our vision of bringing massive and positive socio-economic change to the world through technology is becoming a reality. We have thrived to become one of the fastest-growing venture builders in Central Europe with growth of 1200+ % in 5 years, more than 190 team members, and worldwide partners. Our staggering growth resulted in receiving multiple international recognitions from Deloitte (Fast 50 CE 2019, Impact Star 2020, Impact Star 2022), UNDP (SDG Business Pioneers, category People for 2020 and 2021, SDG Business Mentors 2022), Financial Times FT1000 (2020 - first company in BiH to be ranked on the list), and others.Still, the aspect we're most proud of is that, instead of positioning ourselves as a traditional service provider, we are always hands-on, creating partnership relations with entrepreneurs. We understand that creating successful startups is a challenge in business and technology, requiring immense focus, commitment, and determination.So far, we are proud to have more than 100 products in our portfolio including social networks, search engines, crypto trading systems, mobile apps, and hardware devices.Our main areas of interest are start-ups in flourishing verticals like FinTech, loT, e. commerce, HealthTech, MusicTech, BioTech, and other prospective fields.
- Total investments:
- 5
- Last investment:
- Lead investor:
- 20%
Last updated:
For AI agents: llms.txt
Industries Ministry of programming invests in
Stages Ministry of programming invests in
Countries Ministry of programming invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Pre-Seed
- $100k–$650k
Investment Focus
Industry
- E-Commerce 2 (40%)
- Retail 1 (20%)
- Fashion 1 (20%)
- Analytics 1 (20%)
- Mobile Apps 1 (20%)
Stage
- Pre-Seed 3 (60%)
- Seed 1 (20%)
- Funding Round 1 (20%)
Country
- Sweden 4 (80%)
- South Africa 1 (20%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Amra Zacina
Co-Founder & CMO
|
Co-Founder & CMO | Total investments: 0 | Find email | |
Faris Zacina
CEO
|
CEO | Total investments: 0 | Find email | |
Resad Zacina
Co-Founder & Co-CEO
|
Co-Founder & Co-CEO | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Circulaire
|
Premium second hand price comparison site. We collect retailers so that consumers can save time and money. | $53.5K / Seed / Apr 24, 2024 | |
Transparent
|
Transparent offers speakers with a modular design that can be repaired and upgraded over time. The company was founded in 2014 and is based in Stockholm, Sweden. | Dec 05, 2023 | |
BioCertica
|
BioCertica invested in DNA processing machines and installed it in the central analytics facilities' DNA sequencing unit. at the University of stellenbosch. | $650K / Pre-Seed / Jan 01, 2021 | |
Nordic Angels
|
Nordic Angels is an initiative looking to unite the benefactors in the Nordic startup ecosystem to increase both bandwidth and leverage. | $153K / Pre-Seed / Nov 20, 2020 | |
MIOO
|
We make people's bicycle life smoother.We offer simple, reliable, and sustainable services for the everyday cyclist who are looking for a more convenient and functioning bicycle life. MIOO contributes to sustainable and healthy cities by enabling billions of kilometers of mobility by pure pedal power!MARKET Cycling is growing rapidly with2B bikes in the world and +100M sold bikes per year. Bicycle commuting is exploding in large cities through new bike lanes, healthier lifestyles and environmental consciousness. Copenhagen and Amsterdam have close to 50% mobility by bicycle. Paris, London and Stockholm are quickly catching up from 10% levels. Cycling delivers several 100 times more mobility in kilometers than all E-scooters and other mobility companies all together. IMPACT Bikes are the most efficient, sustainable and healthy way of transportation up to 30km and it is an effective solution for several global challenges. A bicycle emits only 3g of CO2 per km. An everyday cyclist shows a 40% lower mortality risk.PROBLEM Bicycle sales are moving online. The 20% CAGR of online sales before Covid-19 is now accelerating fast, expected to reach 40% of all sales in many countries by 2025. The shift to online sales requires new types of solutions for customer support and service of the bike. Customers wait on average 12 days to get the bike fixed and even finding a nearby bike repair shop is hard. Millions of bicycles are left in sheds or garages with simpler problems. Millions of bicycles are also reported stolen and rarely get back to the owners even if the Police finds it. People stop biking due to this, leaving all the impacts disabled. SOLUTION MIOO offers a solution to all this by establishing a “service & safety” relationship with the user from when the bicycle is unpacked from a delivery box until the bike is sold.PRODUCT / APP - Bicycle service where you are - Assemble your newly online-purchased bike at your doorstep - Anti theft registration and Bike-id-labeling - Bicycle insurance - Service book - Digital and secure change of ownership - IoT ready for Smart locks and GPS - Service and Safety subscription single or family planBUSINESS MODEL On-demand services act as profitable funnel into a recurring subscriptions 100€ in yearly recurring revenues per user from subscriptions and on-demand sales of service and safety.FINANCIAL GOALS We are launching 100 cities in the next 5 years, reaching 5 million yearly paying users. Totaling a revenue of €500M in 2026 with a gross margin of 50%. TRACTION We have shown a clear problem-solution fit in Stockholm and started to see clear indicators of a product-market fit. We have now launched our second city, London, with even larger potential.STOCKHOLM + 20,000 paying users last 12 month +100 active Bike Buddies/mobile bike service, +500 on short list Profitable in Stockholm 2 years after launch! €500k in revenues, growing with 200% in CAGRLONDON Launched Q2 2021 + 500 paying users after just one quarter with very little marketing. 5 active Bike Buddies, + 100 on short listPARTNERSHIPS Swedish tech-insurance company Omocom cover our subscribers' bike insurance. Internet stores Bikester, an e-commerce bicycle retailer who operates in 14 markets, resells our assembly service in Stockholm this spring as a pilot. About 10% conversion rate on all sold bicycles and + 500 bikes assembled in the pilot . The plan is to launch the same set-up in London during Q1 2022 and scale it to new cities.TEAM Founder and CEO: Tomas Grönqvist ,Former pro-cyclist (5 years on the pro-tour in Italy) turned entrepreneur. Founded cycling startup that was acquired by Salvatore Grimaldi. Co founders in operations: CTO Kimmo Björnsson (mat.se) COO Jakob Daniels, VPE Resad Zacina (ex-Fishbrain) Angels: Johan Attby (Fishbrain) Per Emanuelsson (Soundtrap), Fredrik Ahlberg (King) Sara & Jon Wimmercranz (Footway / Bambora) Stefan Krook & Karl-Johan Persson (H&M)ROUND Raising €5M Use of founds: Scaling business in Europe and US | $100K / Pre-Seed / Jan 14, 2019 |
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FAQ
What does Ministry of programming invest in?
Ministry of programming invests primarily in E-Commerce, Retail and Fashion startups, most often at Pre-Seed and Seed stage. Most of the 5 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Ministry of programming's check size?
Ministry of programming typically joins rounds of $100k–$650k at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Ministry of programming participates in.
How do I contact Ministry of programming?
Public channels for Ministry of programming include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Ministry of programming?
The team at Ministry of programming includes Amra Zacina (Co-Founder & CMO), Faris Zacina (CEO) and Resad Zacina (Co-Founder & Co-CEO). The Team section lists each member with their title, investment count and links.
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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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