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Top 30 SaaS VC Funds & Investors in Serbia (September 2026)

The most active venture capital funds investing in Serbia SaaS startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Serbia SaaS startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Eleven Ventures
VC Fund
7 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, Information Technology, SaaS $27k–$2.4M
South Central Ventures
VC Fund
7 United States, United Kingdom, Serbia Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $34k–$5.3M
ICT Hub Venture
VC Fund
6 Serbia, Belgium, Germany Pre-Seed, Seed SaaS, Software, Gaming $23k–$325k
Credo Ventures
VC Fund
5 United States, United Kingdom, Czech Republic Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $385k–$19M
Innovation Fund Serbia
VC Fund
4 Serbia, United States Pre-Seed, Grant, Seed Artificial Intelligence, Software, Analytics $35k–$133k
Underline Ventures
VC Fund
4 Romania, United States, Serbia Seed, Pre-Seed, Series A Software, Machine Learning, E-Commerce $865k–$19M
SMOK Ventures
VC Fund
4 Poland, United States, Ukraine Seed, Pre-Seed Software, Information Technology, SaaS $54k–$3M
Earlybird Digital East Fund
VC Fund
3 Seed $1.2M–$7.5M
Fortech Investments
VC Fund
3 Romania, United States, Serbia Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Big Data $147k–$1.2M
Fiedler Capital
VC Fund
3 Hungary, Latvia, Serbia Seed, Pre-Seed, Series A Software, Information Technology, Mobile Apps $154k–$4M
European Bank for Reconstruction and Development
VC Fund
3 Turkey, Egypt, Ukraine Debt Financing, Post-IPO Debt, Private Equity Financial Services, Banking, Manufacturing $5.1M–$369M
Earlybird Venture Capital
VC Fund
3 Germany, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $1.5M–$75M
Crew Capital
VC Fund
2 United States, United Kingdom, Brazil Seed, Series A, Series B Software, SaaS, Information Technology $3.5M–$94M
Maven 11 Capital
VC Fund
2 United States, United Kingdom, Australia Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Financial Services $1.3M–$43M
Version One Ventures
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B Software, Internet, Blockchain $1.4M–$55M
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $891k–$62M
KR1
VC Fund
2 United States, United Kingdom, Switzerland Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Internet $66k–$43M
SeedBlink
VC Fund
2 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $139k–$35M
Tokonomy
VC Fund
2 Serbia, Liechtenstein Seed, Pre-Seed Web3, Internet, Software $1.5M–$4M
Accel
VC Fund
2 United States, India, United Kingdom Series A, Series B, Seed Software, SaaS, Information Technology $1.4M–$75M
V7 Capital
VC Fund
1 Serbia Seed Software
Fansara
VC Fund
1 Serbia Seed Web3, Internet, Web Design
Innovative Private Sector Development
VC Fund
1 Serbia, United States Seed Retail, Fashion, Shopping
Attic42
VC Fund
1 Serbia Pre-Seed Blockchain, Cryptocurrency, Financial Services
Sandberg Capital
VC Fund
1 Czech Republic, Slovakia (Slovak Republic), Serbia Private Equity, Venture - Series Unknown Information Technology, SaaS, iOS $14M–$21M
IVC
VC Fund
1 United States, Singapore, Philippines Seed, Pre-Seed Blockchain, Gaming, Cryptocurrency $480k–$9M
Vega IT
VC Fund
1 Serbia, United States Seed, Corporate Round SaaS, Video, Software
Moonfire Ventures
VC Fund
1 United Kingdom, United States, France Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $500k–$25M
Oriole Ventures
VC Fund
1 Hong Kong, United Kingdom, Serbia Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Financial Services $50k–$5M
TS Ventures Fond
VC Fund
1 United States, Serbia, Croatia Seed, Pre-Seed, Series A Software, B2B, SaaS $325k–$1.4M
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 7 investments in Serbia SaaS 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, Information Technology, SaaS
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 183
  • Round size: Seed $27k–$2.4M; Pre-Seed $220k–$1.1M; Convertible Note $27k–$120k
  • Lead/follow: 32% lead, 68% 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 scales your B2B sales with AI. Up to 30% revenue uplift, $1 per order processing cost, live in 30 days. No new apps, no behavior change.
  • Blue Longevity — Expert care for a healthier, longer life. Opening soon Athens | Istanbul | Sofia
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South Central Ventures
VC Fund · Belgrade, Vojvodina, Serbia · 7 investments in Serbia SaaS startups

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

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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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ICT Hub Venture
VC Fund · Belgrade, Vojvodina, Serbia · 6 investments in Serbia SaaS startups

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.

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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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Credo Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 5 investments in Serbia SaaS startups

We partner with outstanding technology founders from Central and Eastern Europe to help them realize their global ambitions.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Czech Republic

Investor stats

  • Total investments: 178
  • Round size: Seed $965k–$7M; Pre-Seed $385k–$4M; Series A $2M–$19M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely actively investing — fresh fund, raised $88M in 2026

Portfolio highlights

  • Modeinspect — acreom is the integrated markdown knowledge base with tasks. Your personal daily driver for your dev workflow.
  • Fabrica AI — Fabrica AI offers a revolutionary platform for faster robot development, using custom hardware designs and learned optimal control to increase efficiency while minimizing complexity and cost. With a vision for a future where robot development takes days, not years.
  • Delta Green — Aggregating household assets in large controllable block of flexibility.
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Innovation Fund Serbia
VC Fund · Belgrade, Vojvodina, Serbia · 4 investments in Serbia SaaS startups

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, theInnovation 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.

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Investment focus

  • Industry: Artificial Intelligence, Software, Analytics
  • Stage:Pre-Seed, Grant, Seed
  • Geography: Serbia, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $35k–$100k; Grant $84k–$113k; Pre-Seed $52k–$133k
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • VLADAM — VLADAM is an automated smart (AI-based) cryptocurrency trading solution that generates and maintains passive income from cryptocurrency trading.
  • Valuator — Upravljanje nabavkom jednim klikom
  • INVT Novi Sad — 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.
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Underline Ventures
VC Fund · Bucharest, Bucuresti, Romania · 4 investments in Serbia SaaS startups

We underline founders.

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Investment focus

  • Industry: Software, Machine Learning, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Romania, United States, Serbia

Investor stats

  • Total investments: 20
  • Round size: Seed $1.2M–$5.5M; Pre-Seed $865k–$2.7M; Series A $14M–$19M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — raised $20M in 2023

Portfolio highlights

  • Almetra — We use computer vision and AI analytics to provide insights into manual assembly processes - our platform supports process engineers in driving productivity and quality of assembly processes
  • Embedd — Chips modelled as digital twins. Software, tests and simulations generated for any target.
  • DesignVerse — Build complex enterprise software using context.
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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 4 investments in Serbia SaaS startups

Bridging Silicon Valley to CEE

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Poland, United States, Ukraine

Investor stats

  • Total investments: 83
  • Round size: Seed $477k–$3M; Pre-Seed $54k–$1.4M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $25M in 2024

Portfolio highlights

  • Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
  • Primio — The platform that takes an app from idea to install, because code stopped being the bottleneck.
  • Principle — Test your strategic decisions before you commit. Principle simulates competitors, regulators, and market forces to stress-test your bets against adversarial reality.
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Earlybird Digital East Fund
VC Fund · Istanbul, Istanbul, Turkey · 3 investments in Serbia SaaS startups

Earlybird Digital East Fund is an investment firm that focuses on early stage companies in Eastern Europe and Turkey.

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Investment focus

  • Stage:Seed

Investor stats

  • Total investments: 79
  • Round size: Seed $1.2M–$7.5M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • FintechOS — FintechOS is the AI platform for financial product operations. Design, price, launch, and evolve financial products with governed AI and reduced core dependency.
  • Simr (formerly UberCloud) — UberCloud's HPC Simulation Platform helps engineers run faster simulations and helps overworked IT teams gain control.
  • Picus — The Complete Security Control Validation Platform | Stay proactive by validating your security controls with attack scenarios, empower your Red, Purple, Blue teams.
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Fortech Investments
VC Fund · 3 investments in Serbia SaaS startups

Romanian Investment fund and strategic partner for early-stage start-ups in Energy, Healthcare, Manufacturing, Automotive, and FinTech.

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Investment focus

  • Industry: Software, Artificial Intelligence, Big Data
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Romania, United States, Serbia

Investor stats

  • Total investments: 19
  • Round size: Seed $147k–$1.2M; Pre-Seed $416k–$922k; Venture - Series Unknown $482k–$500k
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • SaleSqueze — The 3D configurator for outdoor living that prices your product on the spot, writes the quote itself, and helps you close before the deal goes cold.
  • Collabwriting — Collabwriting is a simple browser extension that helps you share, comment and collaborate on content you find online
  • blue auditor GmbH — blue auditor is a sustainability management tool for buildings and real estate portfolios with the focus on transitioning to a sustainable real estate industry; providing wholistic and overall performance monitoring and improvements for sustainability management.
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Fiedler Capital
VC Fund · Vienna, Wien, Austria · 3 investments in Serbia SaaS startups

We are a first check investor helping overlooked founders from peripheral European ecosystems defy the odds and create breakout companies.

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Investment focus

  • Industry: Software, Information Technology, Mobile Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Hungary, Latvia, Serbia

Investor stats

  • Total investments: 22
  • Round size: Seed $197k–$4M; Pre-Seed $154k–$1.5M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • AgroSync — Uncover hidden profits. Use field data to boost returns this season
  • RivalSense — Monitor competitors of your startup. Receive curated weekly updates.
  • Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 3 investments in Serbia SaaS 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, 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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Earlybird Venture Capital
VC Fund · Berlin, Berlin, Germany · 3 investments in Serbia SaaS startups

Founded in 1997, Earlybird is a pan-European VC investor backing tech-enabled companies and investing in their growth and development. Funds include Earlybird, Earlybird Health, Growth Opportunities.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 394
  • Round size: Seed $1.5M–$14M; Series A $4.4M–$35M; Series B $6M–$75M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $422M in 2026

Portfolio highlights

  • Avrea — Avrea is the CI/CD platform built for the age of AI, helping teams ship software faster, more often, and with higher quality.
  • Hilo — Get stress-free readings round the clock with Hilo's clinically validated blood pressure monitor. Learn more
  • Neuracore — The robot skill creation engine: collect demonstrations, curate datasets, train imitation and reinforcement learning policies, and deploy them on real robots, all on one platform.
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Crew Capital
VC Fund · New York, New York, United States · 2 investments in Serbia SaaS startups

Crew Capital is a venture capital firm investing in entrepreneurs building category-defining technology companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Brazil

Investor stats

  • Total investments: 49
  • Round size: Seed $3.5M–$12M; Series A $13M–$51M; Series B $10M–$94M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $3.7M in 2021

Portfolio highlights

  • 6thSense — 6thSense is an AI and robotics data engineering startup that builds tactile egocentric datasets for training the next generation of dexterous robots.
  • Qualitate — Qualitate deploys the world's most intelligent AI moderator to conduct expert-driven conversations at scale - uncovering high-quality insights, fast.
  • Membrane — Integrate any API instantly. Keep integrations working as things change. Membrane is agentic integration infrastructure with unlimited API coverage.
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Maven 11 Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Serbia SaaS startups, 13 in the past 12 months

Maven 11 is a global blockchain and digital asset investment firm. The teams we partner with are on a rigorous quest to solve most exciting problems and make the necessary shift towards decentralised tomorrow.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Australia

Investor stats

  • Total investments: 136
  • Round size: Seed $1.9M–$10M; Pre-Seed $1.3M–$3.1M; Series A $5M–$43M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fresh fund, raised $107M in 2025

Portfolio highlights

  • THEA-AI — AI that amplifies human performance
  • Firelight — Firelight is a DeFi protocol that allows XRP holders can stake tokens and help cover risks on DeFi platforms.
  • Alkemya Luxembourg — Alkemya Luxembourg is an international high tech metals firm specializing in sourcing and distributing rare earth oxides, titanium, and nickel wire, that are increasingly important to R&D and manufacturing companies in semiconductor, aerospace, and other high technology industries.
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Version One Ventures
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Serbia SaaS startups

Version One Ventures backs mission-driven founders at the earliest stages. Full thesis here: https://versionone.vc/updated-thesis/

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Investment focus

  • Industry: Software, Internet, Blockchain
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 163
  • Round size: Seed $1.4M–$5.7M; Series A $4M–$22M; Series B $8M–$55M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fresh fund, raised $78M in 2026

Portfolio highlights

  • Mowito — Fully automated pick'n'drop for groccery stores
  • Pilot Protocol — Network OS for AI Agents
  • Arctus Aerospace — We build unmanned airplanes for zero infrastructure earth observation. We fly at 45,000 feet for 24 hours at a go.
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Point Nine
VC Fund · Berlin, Berlin, Germany · 2 investments in Serbia SaaS startups

Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile.The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio,Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 295
  • Round size: Seed $891k–$7.7M; Series A $3.2M–$24M; Series B $9M–$62M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $173M in 2022

Portfolio highlights

  • Sereact — The only real-world verified Vision-Language-Action AI. Proven at scale. Trained on the world's largest dataset of robotic picks.
  • Delivery Hero — Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.
  • Polar Analytics — Your Shopify Analytics. Effortless. Centralized. Smart. Connect your datasource in one clic, automatically calculate KPIs. Visualize them all in one place. Get alerts and recommendations in realtime
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KR1
VC Fund · Douglas, NA - Isle of Man, Isle of Man · 2 investments in Serbia SaaS startups

KR1 is a publicly listed investment company focussed on the blockchain ecosystem. We invest in early stage projects and blockchain-based digital assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 54
  • Round size: Seed $200k–$6M; Pre-Seed $66k–$1.3M; Series A $2.5M–$43M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Avail — Meet the Avail team building the future of modular blockchain infrastructure.
  • Code & State — Code & State is a venture builder. We start companies with founders and build alongside them.
  • Mode Network — Mode Network is a DeFi blockchain platform that builds new on-chain economic systems to enable developers to scale their applications.
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Tokonomy
VC Fund · London, England, United Kingdom · 2 investments in Serbia SaaS startups

Tokonomy investing in blockchain and the token economy and focus on early stage investments and Web3 infrastructure.

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Investment focus

  • Industry: Web3, Internet, Software
  • Stage:Seed, Pre-Seed
  • Geography: Serbia, Liechtenstein

Investor stats

  • Total investments: 3
  • Round size: Seed $1.5M–$4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Celestia — Celestia is the modular blockchain powering unstoppable applications with full-stack customizability.
  • Superchain Network — The Open Index Protocol - By collecting and customising data in minutes, Superchain serves as the layer on top of which builders create applications, faster
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Accel
VC Fund · Palo Alto, California, United States · 2 investments in Serbia SaaS startups

First partner to exceptional teams everywhere

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 2431
  • Round size: Seed $1.4M–$10M; Series A $4.4M–$40M; Series B $9.5M–$75M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely actively investing — fresh fund, raised $750M in 2026

Portfolio highlights

  • MoPub — Reach over a billion daily users in mobile games. AppLovin helps consumer brands and gaming apps scale their business profitably.
  • Cloudera — Cloudera delivers a hybrid cloud platform for any data, anywhere, from the Edge to AI.
  • Perplexity — Perplexity is a search engine platform that uses artificial intelligence to provide large language models and search engines. The company's platform enables the development of beneficial artificial general intelligence, as well as an open-source environment that is accessible to the public, allowing clients to develop skills and knowledge inartificial intelligence.
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V7 Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Serbia SaaS startups

V7 Capital is a investment firm.

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Investment focus

  • Industry: Software
  • Stage:Seed
  • Geography: Serbia

Investor stats

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

Portfolio highlights

  • Collabwriting — Collabwriting is a simple browser extension that helps you share, comment and collaborate on content you find online
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Fansara
VC Fund · 1 investments in Serbia SaaS startups

Fansara is an investement firm.

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Investment focus

  • Industry: Web3, Internet, Web Design
  • Stage:Seed
  • Geography: Serbia

Investor stats

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

Portfolio highlights

  • Superchain Network — The Open Index Protocol - By collecting and customising data in minutes, Superchain serves as the layer on top of which builders create applications, faster
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Innovative Private Sector Development
VC Fund · Ramallah, West Bank, Palestinian Territory · 1 investments in Serbia SaaS startups

IPSD - Innovative Private Sector Development

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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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Attic42
VC Fund · 1 investments in Serbia SaaS startups

Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Pre-Seed
  • Geography: Serbia

Investor stats

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

Portfolio highlights

  • Bizzllet — Manage crypto payments, expenses, and invoices with Bizzllet's self-custody business wallet.
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Sandberg Capital
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 1 investments in Serbia SaaS 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 — The best customer experience in one platform. Unify voice, email, chat, SMS & social media, plus AI, CRM and more. Trusted by over 100,000 users worldwide.
  • Quantox Technology — Place where Ideas are Made Possible. Growing international team dedicated to top-notch software development.
  • Revolgy — We take care of your cloud infrastructure and you can focus on your product. Get comfy in the cloud with us! | 70+ cloud enthusiasts | @cloudnativeprg meetups.
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IVC
VC Fund · Taipei, T'ai-pei, Taiwan · 1 investments in Serbia SaaS startups

Who we are We are investors and entrepreneurs helping define the next generation of Blockchain startups. Our Focus Passionate founders. Disruptive models. Borderless markets. Exponential effects. Our Geography Starting from...

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, Philippines

Investor stats

  • Total investments: 288
  • Round size: Seed $1.7M–$9M; Pre-Seed $480k–$4.5M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $70M in 2022

Portfolio highlights

  • Wizzwoods — 1st pixel farm game integrates interchain capabilities with a SocialFi twist.
  • SuperIntent — SuperIntent is a cryptocurrency AI app that streamlines on-chain earning tactics. Developed on a multi-agent framework with abundant yield sources.
  • SuperGaming — At SuperGaming, we are putting India on the global gaming map.
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Vega IT
VC Fund · Novi Sad, Vojvodina, Serbia · 1 investments in Serbia SaaS startups

Vega IT is an experienced software development service provider, working mostly with companies located in #Europe.

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Investment focus

  • Industry: SaaS, Video, Software
  • Stage:Seed, Corporate Round
  • Geography: Serbia, United States

Investor stats

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

Portfolio highlights

  • Thrivea — Thrivea is an AI-powered HRIS for growing teams moving beyond spreadsheets. Organize employee data and processes in one system - Core HR is free for 30 employees.
  • Publitio — Video & Image API built for developers
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Moonfire Ventures
VC Fund · London, England, United Kingdom · 1 investments in Serbia SaaS startups, 11 in the past 12 months

At Moonfire, we team up with the most innovative early-stage founders to invest where our sectors of focus intersect with global technological disruption.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, United States, France

Investor stats

  • Total investments: 69
  • Round size: Seed $2.5M–$8M; Pre-Seed $500k–$3.4M; Series A $11M–$25M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $115M in 2023

Portfolio highlights

  • Pharosyn — Pharosyn is an AI-powered competitive intelligence and decision-making platform developed for the pharmaceutical and biotechnology sectors.
  • Weave — Engineering intelligence for the AI era (YC W25)
  • Orchestra — Orchestra helps Data Teams connect any Data Tool to reliably and efficiently release data. Stop maintaining pipelines & start delivering value.
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Oriole Ventures
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Serbia SaaS startups

Oriole Ventures is an investment fund dedicated to supporting blockchain projects in the WEB 3.0 space. In addition to the capital injection, Oriole Ventures helps projects via its expertise & connections with local crypto-influencers, media channels, and marketing agencies from all over the world.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Hong Kong, United Kingdom, Serbia

Investor stats

  • Total investments: 17
  • Round size: Seed $50k–$5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • SYNTHR — SYNTHR is redefining instant and slippage-free asset movement across chains
  • Zone — Zone is a community-driven GameFi ecosystem built on Algorand blockchain. The ZONE ecosystem is cross-compatible with other blockchains and offers a gamefi bot for Discord that enables on-chain gaming challenges and fantasy sports.
  • Starfish Finance — Starfish Finance is the Operator of a gamified defi platform intended to be the web3 entertainment-fi brand.
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TS Ventures Fond
VC Fund · Belgrade, Vojvodina, Serbia · 1 investments in Serbia SaaS startups

We help the most ambitious startups build the next big things. Benefits? Sure, there are plenty. Every step of the process is considered with detailed care. Supervisor Committee Expert Team

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Investment focus

  • Industry: Software, B2B, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Serbia, Croatia

Investor stats

  • Total investments: 7
  • Round size: Seed $325k–$1.4M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • B2Bee — B2Bee is B2B ordering automation for wholesale distributors. Orders reach your ERP without manual entry, so you capture more revenue from the accounts you already have.
  • Getafeel — We specialize in 3D digital twin solutions for residential real estate developers.
  • Connect The Dots — Connect The Dots is a network intelligence platform that uses AI to map and manage career-long professional relationships. The company was founded in 2019 and is based in San Francisco, California, United States.
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SaaS VC funding in Serbia at a glance

Stats across 82 deals from 70 investors.

70
investors
in Serbia SaaS startups
82
deals
in Serbia SaaS startups
$442k
median round
in Serbia SaaS startups
50%
lead investors
lead at least one round
37%
Seed
most common funding stage

Access all 70 VC funds in Serbia SaaS startups.

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