# ZaBa

> ZaBa is a VC fund in Zagreb backing Retail, Energy and Finance. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Zagreb, Croatia
- Total investments: 4
- Last investment: Jul 2026
- Lead investor: 25%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/zagrebacka-banka/
- Website: https://x.com/zabaINFO

ZaBa is a commercial bank that provides investment banking, financing, insurance, savings, asset management, and investments.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 2 | 50% |
| Energy | 1 | 25% |
| Finance | 1 | 25% |
| Grocery | 1 | 25% |
| Electronics | 1 | 25% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Post-IPO Debt | 2 | 50% |
| Debt Financing | 2 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Koncar | Koncar Group's business activity lies mostly in power generation, distribution and transmission of electrical energy, industry. | $320M | Post-IPO Debt | Jul 31, 2026 |  |
| Fortenova Group | Fortenova Group operates in three core businesses which include retail, wholesale, food, and agriculture. Also, its non-core businesses are grouped within a separate holding. The Fortenova Group manages agricultural areas in Europe and features diversified production including cereal and oil crops, livestock farms and cheese production, as well asfresh fruit and vegetable production. The company was previously known as AGROKOR and was renamed Fortenova to restart its operations due to indebtedness and bankruptcy. | $646.1M | Debt Financing | Jul 25, 2025 |  |
| Studenac | Studenac operates as a retail chains with more than 360 stores and supermarkets. The company currently employs more than 2500 employees of various professions, including sales outlets and the Company's management. | $354.2M | Debt Financing | Jul 01, 2025 |  |
| Bosqar | BOSQAR is an expanding CEE firm builder and perpetual capital supplier. | $165.4M | Post-IPO Debt | Jun 13, 2025 |  |

4 of 4 investments shown.

## Co-investors
- [PBZ](https://shizune.co/investors/profile/pbz) — VC Fund, 2 deals together
- [UniCredit](https://shizune.co/investors/profile/unicredit) — VC Fund, 2 deals together
- Bank Polska Kasa Opieki — VC Fund, 1 deal together
- [Erste & Steiermärkische Bank](https://shizune.co/investors/profile/erste-steierm%C3%A4rkische-bank) — VC Fund, 1 deal together
- [European Bank for Reconstruction and Development](https://shizune.co/investors/profile/european-bank-for-reconstruction-and-development-ebrd) — VC Fund, 1 deal together
- [International Finance Corporation](https://shizune.co/investors/profile/international-finance-corporation) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [BNP Paribas](https://shizune.co/investors/profile/bnp-paribas) — VC Fund
- [Intesa Sanpaolo](https://shizune.co/investors/profile/intesa-sanpaolo) — VC Fund
- [UniCredit](https://shizune.co/investors/profile/unicredit) — VC Fund

## FAQ

### What does ZaBa invest in?

ZaBa invests primarily in Retail, Energy and Finance startups, most often at Post-IPO Debt and Debt Financing stage. Most of the 4 investments tracked by Shizune back companies in Croatia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did ZaBa last invest?

The most recent investment recorded for ZaBa closed in Jul 2026. Shizune tracks 4 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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