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Top 20 Software Startup Investors in Serbia (June 2026)

The most active venture capital funds and angel investors investing in Serbia Software startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Serbia Software startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
South Central Ventures
VC Fund
6 United States, United Kingdom, Serbia Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $33k–$5.5M
SMOK Ventures
VC Fund
3 Poland, United States, Ukraine Pre-Seed, Seed Software, Information Technology, SaaS $54k–$2.8M
Fortech Investments
VC Fund
2 Serbia, Austria, Romania Seed, Pre-Seed Software, Manufacturing, E-Commerce $658k–$1.5M
Eleven Ventures
VC Fund
2 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.3M
SeedBlink
VC Fund
2 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $126k–$35M
Fiedler Capital
VC Fund
2 Hungary, Latvia, Serbia Seed, Pre-Seed, Series A Software, Information Technology, Mobile Apps $500k–$4M
Underline Ventures
VC Fund
2 Romania, United States, Serbia Seed, Pre-Seed, Series A Software, Machine Learning, E-Commerce $865k–$5.5M
Version One Ventures
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B Software, Internet, Blockchain $1.4M–$55M
Credo Ventures
VC Fund
2 United States, Czech Republic, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $371k–$19M
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $900k–$53M
Earlybird Venture Capital
VC Fund
1 Germany, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $1.4M–$75M
Sergey Budyakov
Angel
1 Serbia, United States Pre-Seed Beauty, Chatbot, Artificial Intelligence $30k–$30k
V7 Capital
VC Fund
1 Serbia Seed Software
ICT Hub Venture
VC Fund
1 Serbia, Germany Pre-Seed, Seed B2B, Software, Web Design $33k–$55k
Iulian Circiumaru
Angel
1 Serbia, Romania Seed Retail, Software, Wine and Spirits $965k–$1.2M
Ivan Bjelajac
Angel
1 Serbia Seed Internet, Software, Blockchain
Ronyp Kahan
Angel
1 United States, United Kingdom, Serbia Seed, Series B, Series A Software, SaaS, B2B $635k–$27M
Charlie Songhurst
Angel
1 United Kingdom, United States, Germany Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $510k–$8M
Xenia Muntean
Angel
1 Serbia Seed Software $1.2M–$1.5M
Tihomir Bajic
Angel
1 Serbia, Canada Seed, Pre-Seed, Series B Software, CRM, Sales
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

South Central Ventures
VC Fund · Belgrade, Vojvodina, Serbia · 6 investments in Serbia Software 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: 59
  • Round size: Seed $219k–$2.8M; Pre-Seed $33k–$2M; Series A $329k–$5.5M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $82M in 2022

Portfolio highlights

  • Insightful — Get Insightful starting from 6.4$ and start monitoring your employees now!
  • Orgnostic — Orgnostic is the human capital analytics platform for startups. Orgnostic provides investors and leadership teams with high-quality organizational insights that link organizational dynamics with companies’ bottom lines, creating better and more sustainable businesses for the new economy.
  • City Expert — City Expert Global is a Serbian startup that introduces new technologies and business approach to the traditional real estate sector. It focuses on creating new standards in the advertising and agency real estate sector. City Expert Global was founded in 2015 by Darko Luković, Stefan Stojanović, and Igor Jović. It is based in Belgrade, Serbia.
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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 3 investments in Serbia Software startups

Bridging Silicon Valley to CEE

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Investment focus

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

Investor stats

  • Total investments: 62
  • Round size: Seed $439k–$2.8M; Pre-Seed $54k–$1.4M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — raised $25M in 2024

Portfolio highlights

  • Mos Health
  • Primio — Primio is an AI-powered platform that generates production-ready native mobile apps from natural language prompts. It outputs real Flutter/Dart code that compiles to native iOS and Android with pixel-perfect rendering and up to 120fps performance. The platform covers the full lifecycle from idea to app store submission, including cloud builds,live preview, and iterative editing. Built for app studios and serious builders who need to ship native apps fast.
  • 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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Fortech Investments
VC Fund · 2 investments in Serbia Software 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, Manufacturing, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: Serbia, Austria, Romania

Investor stats

  • Total investments: 7
  • Round size: Seed $658k–$1.5M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • SaleSqueze — Premade 3D configurators for outdoor living products, ready to go live in 7 days. Sell more through your website or dealer network.
  • 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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Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Serbia Software 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, SaaS, Information Technology
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 144
  • Round size: Seed $27k–$2.3M; Pre-Seed $219k–$800k; Convertible Note $27k–$121k
  • Lead/follow: 38% lead, 62% 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.ai is an AI‑powered B2B sales platform focused on fast‑moving consumer goods (FMCG), positioning itself as an “ordering and communication layer” between brands and their distribution networks.
  • Blue Longevity — Blue Longevity is a supplier of longevity medicine that offers evidence-based, individualized, and integrated approaches to improve longevity and encourage good aging. It uses digital coaching in conjunction with state-of-the-art diagnostics, lifestyle medicine, and regenerative therapies to develop customized workout, stress-reduction, and dietplans.
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Fiedler Capital
VC Fund · Vienna, Wien, Austria · 2 investments in Serbia Software 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: 19
  • Round size: Seed $965k–$4M; Pre-Seed $500k–$1.5M
  • Lead/follow: 11% lead, 89% 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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Underline Ventures
VC Fund · Bucharest, Bucuresti, Romania · 2 investments in Serbia Software 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: 16
  • Round size: Seed $1.2M–$5.5M; Pre-Seed $865k–$2.1M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Trickest — Add SEO description here.
  • Dataworks Research SRL — Soleadify provides business data enrichment with unprecedented coverage of SMBs, accurate classification and in-depth insights based on real-time updates.Always driven by the complexity of AI and Machine Learning, we build more efficient ways of getting more data and get more out of it. Urged on reliability and complete-ness, our datasets haveyet to be beaten in terms of accuracy and classification by industry mammoths.
  • Videowise — End-to-end eCommerce Video Platform built for scale & performance to help brands and retailers create interactive shoppable video experiences.
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Version One Ventures
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Serbia Software 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: 145
  • Round size: Seed $1.4M–$5.8M; Series A $4M–$21M; Series B $8M–$55M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Jobber — Jobber is an award-winning business management platform for small home service businesses. Unlike spreadsheets or pen and paper, Jobber keeps track of everything in one place and automates day-to-day operations, so small businesses can provide 5-star service at scale. Jobber’s 100,000+ home service professionals have served over 12 millionhouseholds in more than 47 countries. The company continually ranks as one of Canada’s fastest-growing and most innovative companies by Canadian Business and Macleans, The Globe and Mail, Fast Company, and Deloitte.
  • Pienza — Pienza Ventures - We help Indian Startups win in the US Market
  • Preemadonna — Preemadonna is the maker of Nailbot. Nailbot is an intelligent at-home robot manicure powered by a creativity and automation platform. Nailbot prints instant personalized nail art and decals on fingernails in 5 seconds using your smartphone. Nailbot is your ultimate nail art tool that prints digital nail stickers.
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Credo Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 2 investments in Serbia Software 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, Czech Republic, United Kingdom

Investor stats

  • Total investments: 143
  • Round size: Seed $965k–$7M; Pre-Seed $371k–$4M; Series A $2M–$19M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Modeinspect — acreom is the integrated markdown knowledge base with tasks. Your personal daily driver for your dev workflow.
  • Segron — From Network Engineering , where new services and components need active testing via Rollout and Installation , to ensure correct functionality after...
  • Explain Everything — Free online whiteboard for teaching. Record video tutorials, create interactive presentations. Join 24+ million users of Explain Everything.
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Point Nine
VC Fund · Berlin, Berlin, Germany · 2 investments in Serbia Software 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: 255
  • Round size: Seed $900k–$7.7M; Series A $3.2M–$24M; Series B $9M–$53M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Athenian — Introducing the world to software engineering metrics that help teams, and improve processes. Athenian is built for GitHub and Jira users.
  • Lottielab — Easiest animation editor for design and tech teams.
  • Wikifarmer — A free online knowledge library where professional or amateur farmers can find best practices on growing their fields more effectively and an online marketplace where farmers can sell their products to buyers directly. Our vision is to create a fair, transparent and profitable environment for all the farming world. Farmers are dedicating theirlives in cultivating their fields, but get the lowest value of all the sales cycle, so we believe they need to receive a more fair share. Buyers have the right to have more options and buy at better prices, so we want to be the ones to solve this inequality in both sides.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Earlybird Venture Capital
VC Fund · Berlin, Berlin, Germany · 1 investments in Serbia Software 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: 328
  • Round size: Seed $1.4M–$14M; Series A $4.4M–$35M; Series B $5M–$75M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $190M in 2024

Portfolio highlights

  • Hilo — Get stress-free readings round the clock with Hilo's clinically validated blood pressure monitor. Learn more
  • Neuracore — Neuracore is a robot learning platform that helps to train robots and deploy intelligent behaviour.
  • Nosh Biofoods — We create nutritional and highly functional proteins from non-GMO fungi. Our proprietary ferementation process is minimal, scalable, and sustainable.
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Sergey Budyakov
Angel · 1 investments in Serbia Software startups

Sergey Budyakov

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Investment focus

  • Industry: Beauty, Chatbot, Artificial Intelligence
  • Stage:Pre-Seed
  • Geography: Serbia, United States

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $30k–$30k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • AI Beauty Bot — AI BEAUTY BOT is a 24/7 AI admin for beauty salons that automates client communication and bookings, ensuring no inquiries are missed and boosting your revenue effortlessly.
  • AI Beauty Bot — AI BEAUTY BOT is a 24/7 AI admin for beauty salons that automates client communication and bookings, ensuring no inquiries are missed and boosting your revenue effortlessly.
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V7 Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Serbia Software 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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ICT Hub Venture
VC Fund · Belgrade, Vojvodina, Serbia · 1 investments in Serbia Software startups

ICT Hub Venture is a Serbian private investment fund, focused on early stage technology startups in the SEE region. We offer funding of up to 50,000 EUR in exchange for 5-15% equity, access to the startup ecosystem, tailor-made development program and connection with key figures in relevant industries. Our main focus is on startups which have acomplete team and a scalable solution that challenges traditional businesses. By facilitating creation and development of effective solutions we help transform traditional industries and create new businesses.

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Investment focus

  • Industry: B2B, Software, Web Design
  • Stage:Pre-Seed, Seed
  • Geography: Serbia, Germany

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $33k–$55k
  • Lead/follow: 50% lead, 50% 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
  • OM3GA SOLUTIONS — OM3GA SOLUTIONS provides services in AI/ML speech-to-text, text-to-speech and virtual assistant, web design and hosting.
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Iulian Circiumaru
Angel · 1 investments in Serbia Software startups

Iulian Circiumaru is the co-founder of Benefit Seven.

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Investment focus

  • Industry: Retail, Software, Wine and Spirits
  • Stage:Seed
  • Geography: Serbia, Romania

Investor stats

  • Total investments: 4
  • Round size: Seed $965k–$1.2M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Zaganu — Zaganu is a beverage company that specializes in producing a variety of beers.
  • Collabwriting — Collabwriting is a simple browser extension that helps you share, comment and collaborate on content you find online
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Ivan Bjelajac
Angel · Belgrade, Vojvodina, Serbia · 1 investments in Serbia Software startups

I am a serial entrepreneur who has been building software products since 2001, leading to 6 startup exits. In 2015 I fell in love with web3 and am now 100% focused on building the infrastructure for fast and scalable fault-tolerant internet.

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Investment focus

  • Industry: Internet, Software, Blockchain
  • Stage:Seed
  • Geography: Serbia

Investor stats

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

Portfolio highlights

  • Tenderly — Ethereum developer platform that enables you to build innovative blockchain products.
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Ronyp Kahan
Angel · Austin, Texas, United States · 1 investments in Serbia Software startups

Rony Kahan is the CEO and co-founder of Indeed, the world's leading job site. More people get hired with Indeed than anywhere else. Rony previously co-founded jobsinthemoney.com, the leading job site for financial professionals in 1998 and sold it to Financial News in 2003. Rony's background includes technology consulting at AndersenConsulting (now Accenture) and consumer goods product marketing. He holds an MBA with Distinction from INSEAD and a BSc Honors in Economics from Texas A&M University.

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Investment focus

  • Industry: Software, SaaS, B2B
  • Stage:Seed, Series B, Series A
  • Geography: United States, United Kingdom, Serbia

Investor stats

  • Total investments: 18
  • Round size: Seed $635k–$4M; Series B $15M–$27M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Trainual — Trainual is the only training and knowledge management platform that's also rated number one for onboarding, SOPs, process documentation, and learning management. Used and loved by hundreds of thousands of small biz leaders worldwide.
  • Orgnostic — Orgnostic is the human capital analytics platform for startups. Orgnostic provides investors and leadership teams with high-quality organizational insights that link organizational dynamics with companies’ bottom lines, creating better and more sustainable businesses for the new economy.
  • Hyper — Our Augmented Reality platform enables every business to serve their customers on a one-to-one basis, with guidance and information to supercharge their experience.
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Charlie Songhurst
Angel · Greater Seattle Area, Washington, United States · 1 investments in Serbia Software startups

Charles Songhurst is a founding partner of Katana Capital, a long-short equity hedge fund. He also runs the Songhurst Group, which holds assets in a variety of private companies.Charles ran corporate strategy for Microsoft and focused on partnering and M&A. He was involved in the Yahoo acquisition and commercial deal, and the Skypeacquisition. Before running corporate strategy, Charles was focused on the emergence of Google and the growth of the search industry.Prior, Charles was an analyst at McKinsey & Company in London. Charles received a bachelor’s degree from Oxford University in politics, philosophy, and economics.

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Investment focus

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

Investor stats

  • Total investments: 180
  • Round size: Seed $1.1M–$8M; Pre-Seed $510k–$5.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Skrap — Skrap is an on-demand mobile marketplace for skip hire and other waste collection services.
  • BirdyChat — BirdyChat is a Developer of a work chat application intended for work professionals.
  • Hyphen SCS — Find and rent verified warehouses across 992+ cities in India. Compare 65,000+ listings on Hyphen SCS.
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Xenia Muntean
Angel · San Francisco, California, United States · 1 investments in Serbia Software startups

Xenia Muntean is a tech entrepreneur, passionate about all things social media. She is co-founder and CEO at Planable.

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Investment focus

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

Investor stats

  • Total investments: 2
  • Round size: Seed $1.2M–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • SaleSqueze — Premade 3D configurators for outdoor living products, ready to go live in 7 days. Sell more through your website or dealer network.
  • Collabwriting — Collabwriting is a simple browser extension that helps you share, comment and collaborate on content you find online
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Tihomir Bajic
Angel · San Francisco, California, United States · 1 investments in Serbia Software startups

Tihomir Bajic is the CEO of LTSE Software.

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Investment focus

  • Industry: Software, CRM, Sales
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Serbia, Canada

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Tenderly — Ethereum developer platform that enables you to build innovative blockchain products.
  • LeadDelta — LeadDelta aspires to be a single workspace for your company’s relationships. As B2B professionals, whether you are fundraising, hiring, marketing, or selling, your chances of success grow exponentially when you do it collaboratively across the team to build one integrated and cross-referenced professional network.
  • Orgnostic — Orgnostic is the human capital analytics platform for startups. Orgnostic provides investors and leadership teams with high-quality organizational insights that link organizational dynamics with companies’ bottom lines, creating better and more sustainable businesses for the new economy.
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Software Investor funding in Serbia at a glance

Stats across 19 deals from 35 investors.

35
investors
in Serbia Software startups
19
deals
in Serbia Software startups
$678k
median round
in Serbia Software startups
29%
lead investors
lead at least one round
53%
Seed
most common funding stage
71/29
VC / Angel
share of investor count

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