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Top 35 Software Startup Investors in Serbia (October 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 $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
Underline Ventures
VC Fund
4 Romania, United States, Serbia Seed, Pre-Seed, Series A Software, Artificial Intelligence, Machine Learning $865k–$20M
Eleven Ventures
VC Fund
4 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, Information Technology, E-Commerce $28k–$2.3M
SMOK Ventures
VC Fund
4 Poland, United States, Ukraine Seed, Pre-Seed Software, Information Technology, SaaS $54k–$3M
Innovation Fund Serbia
VC Fund
4 Serbia, United States Pre-Seed, Grant, Seed Artificial Intelligence, Software, Analytics $35k–$133k
Earlybird Digital East Fund
VC Fund
3 United States, Turkey, United Kingdom Series A, Seed, Series B Software, Artificial Intelligence, Enterprise Software $1M–$112M
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
Fortech Investments
VC Fund
3 Romania, United States, Serbia Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Big Data $147k–$1.2M
Tihomir Bajic
Angel
2 Serbia, Canada, United States Seed, Pre-Seed, Series B Software, Blockchain, CRM $800k–$5M
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Artificial Intelligence $900k–$62M
SeedBlink
VC Fund
2 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $139k–$35M
Crew Capital
VC Fund
2 United States, United Kingdom, Brazil Seed, Series A, Series B Software, SaaS, Information Technology $3.5M–$94M
Accel
VC Fund
2 United States, India, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, SaaS $1.3M–$75M
Xenia Muntean
Angel
2 Serbia, Slovenia Seed Software, E-Commerce, Manufacturing $1.2M–$1.5M
Version One Ventures
VC Fund
2 United States, Canada, India Seed, Series A, Series B Software, Blockchain, Internet $1.4M–$55M
Script Capital
VC Fund
1 United States, France, Serbia Seed, Series B Software, Apps, Billing $1.3M–$7M
Daniel Dines
Angel
1 United States, Germany, United Kingdom Seed, Series A, Series B Software, SaaS, Artificial Intelligence $1.9M–$54M
Sergey Budyakov
Angel
1 Serbia, United States Pre-Seed Beauty, Chatbot, Artificial Intelligence $30k–$30k
Charlie Songhurst
Angel
1 United States, United Kingdom, Germany Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $500k–$24M
Ivan Bjelajac
Angel
1 Serbia Seed SaaS, Web3, FinTech
Eric Ries
Angel
1 United States, Serbia, Australia Seed, Series A, Pre-Seed Software, SaaS, Internet $40k–$15M
V7 Capital
VC Fund
1 Serbia Seed 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
Vega IT
VC Fund
1 Serbia, United States Seed, Corporate Round SaaS, Video, Software
Ronyp Kahan
Angel
1 United States, United Kingdom, Serbia Seed, Series A, Series B Software, SaaS, B2B $635k–$27M
Vlad Ionescu
Angel
1 United States, Serbia, Romania Seed, Series A Software, B2B, Cyber Security $223k–$7M
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
Stevan Radak
Angel
1 Serbia Angel Printing, E-Commerce, Mobile Apps
Access all 49 investors in Serbia Software startups.

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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: 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 Software 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 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, United Kingdom, Czech Republic

Investor stats

  • Total investments: 185
  • Round size: Seed $800k–$7M; Pre-Seed $385k–$5M; 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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Underline Ventures
VC Fund · Bucharest, Bucuresti, Romania · 4 investments in Serbia Software startups

We underline founders.

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Investment focus

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

Investor stats

  • Total investments: 21
  • Round size: Seed $1.2M–$5.5M; Pre-Seed $865k–$2.7M; Series A $14M–$20M
  • Lead/follow: 14% lead, 86% 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.
  • Veridion — Veridion is a living digital replica of the business world. Decision-grade data for enterprise scale systems
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Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 4 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, Information Technology, E-Commerce
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 195
  • Round size: Seed $28k–$2.3M; Pre-Seed $55k–$1.1M; Convertible Note $28k–$120k
  • Lead/follow: 33% lead, 67% 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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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 4 investments in Serbia Software 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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Innovation Fund Serbia
VC Fund · Belgrade, Vojvodina, Serbia · 4 investments in Serbia Software 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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Earlybird Digital East Fund
VC Fund · Istanbul, Istanbul, Turkey · 3 investments in Serbia Software 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

  • Industry: Software, Artificial Intelligence, Enterprise Software
  • Stage:Series A, Seed, Series B
  • Geography: United States, Turkey, United Kingdom

Investor stats

  • Total investments: 84
  • Round size: Seed $1M–$7.5M; Series A $1.8M–$30M; Series B $4M–$112M
  • Lead/follow: 45% lead, 55% 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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Fiedler Capital
VC Fund · Vienna, Wien, Austria · 3 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: 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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European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 3 investments in Serbia Software 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: 498
  • Round size: Post-IPO Debt $17M–$369M; Debt Financing $5.1M–$225M; Private Equity $15M–$100M
  • Lead/follow: 76% lead, 24% follow

Portfolio highlights

  • 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.
  • Yapı ve Kredi Bankası — Yapi Kredi Bankasi, established in 1944, is one of the first nationwide private banks in Turkey. It is engaged in credit cards, assets management, non-cash loans, leasing, factoring, private pension funds and non-life insurance. It is 80% owned by Koc Finansal Hizmetler (KFH), whose combined financial services network consists of over 13 millioncustomers and 835 branches in Turkey.Yapi Kredi was acquired by Mehmet Emin Karamehmet's Çukurova Holding in 1984. In 2003, Çukurova Holding reached an agreement with the Turkish bank regulator to sell the majority of its shares in Yapi Kredi within two years. In 2005, the majority of shares in Yapi Kredi was acquired by the owners of Koçbank. Koç Finansal Hizmetler (KFH) was an equal partnership between Koç Holding and Italian banking giant, Unicredit. In 2006, Koçbank was merged into Yapı Kredi, leaving 80% of Yapi Kredi owned by KFS.
  • European Metals Holdings — European Metals Holdings is a mineral exploration and development company engaged in the exploration of tin and base metals. The Company is primarily involved in the development of a lithium and tin project in the Czech Republic.
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Access 48,091 investors

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

Browse database — It's Free!
Earlybird Venture Capital
VC Fund · Berlin, Berlin, Germany · 3 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: 401
  • Round size: Seed $1.5M–$14M; Series A $3.5M–$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.
  • ColibrITD — ColibriTD leader of Simulation solutions using Quantum computing
  • TRAKKER — TRAKKER turns real-world visitor behavior into live analytics, lead intelligence, and personalized event journeys. For organizers, exhibitors, and visitors.
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Fortech Investments
VC Fund · 3 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, 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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Tihomir Bajic
Angel · Toronto, Ontario, Canada · 2 investments in Serbia Software startups

Tihomir Bajic is the CEO of LTSE Software.

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Investment focus

  • Industry: Software, Blockchain, CRM
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Serbia, Canada, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $3.1M–$5M; Pre-Seed $800k–$892k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Tenderly — Ethereum developer platform that enables you to build innovative blockchain products.
  • LeadDelta — Organize your team's connections, surface warm intros with AI, and work every conversation from one inbox. Used by 40,000+ professionals. No spam.
  • 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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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, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 309
  • Round size: Seed $900k–$7.5M; Series A $3.2M–$24M; Series B $9M–$62M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $173M in 2022

Portfolio highlights

  • Kaiko — Kaiko provides real-time and historical cryptocurrency trade data, order books, and aggregated prices through a cryptocurrency API, downloadable CSV files, and a livestream WebSocket. We cover 100+ crypto exchanges and 35,000+ trading pairs for Bitcoin, Ethereum, and altcoins.
  • 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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Crew Capital
VC Fund · New York, New York, United States · 2 investments in Serbia Software 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 builds touch-aware capture hardware for robot learning: Skin, a 464-channel wearable tactile sensor, and Eye2 Pro, an egocentric stereo camera.
  • Dentronic — Dentronic is a medical AI robotics business that focuses on dental care automation.
  • Qualitate — Qualitate deploys the world's most intelligent AI moderator to conduct expert-driven conversations at scale - uncovering high-quality insights, fast.
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Accel
VC Fund · Palo Alto, California, United States · 2 investments in Serbia Software startups

First partner to exceptional teams everywhere

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Investment focus

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

Investor stats

  • Total investments: 2492
  • Round size: Seed $1.3M–$10M; Series A $4.3M–$40M; Series B $10M–$75M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely actively investing — fresh fund, raised $750M in 2026

Portfolio highlights

  • Vectra AI — Vectra AI, the cybersecurity AI company that protects modern networks from modern attacks.
  • MobStac — Developer of a cloud-based mobile marketing platform designed to connect the digital and physical worlds through the use of innovative technology. The company's platform is based on the principals of proximity marketing and engage customers in a personalized, context-aware way that leverages indoor location and proximity, enabling businessesand brands to leverage BLE beacon technology to deliver context-rich experiences to their end users.
  • 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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Xenia Muntean
Angel · San Francisco, California, United States · 2 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, E-Commerce, Manufacturing
  • Stage:Seed
  • Geography: Serbia, Slovenia

Investor stats

  • Total investments: 3
  • Round size: Seed $1.2M–$1.5M
  • Lead/follow: 0% lead, 100% 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
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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, Blockchain, Internet
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 165
  • Round size: Seed $1.4M–$5.7M; Series A $4M–$22M; Series B $8M–$55M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely actively investing — fresh fund, raised $78M in 2026

Portfolio highlights

  • rio.ai — rio.ai provides WhatsApp-based delivery of medicines, personal care items, baby products, and pet supplies.
  • 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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Script Capital
VC Fund · Paris, Ile-de-France, France · 1 investments in Serbia Software startups

Script Capital specializes in venture capital investments and invests in the information technology and consumer products and services sectors. It is a venture capital company development that aims to be a portfolio of investments in the fields of energy technology, environment, and information with a vision of sustainable development.ScriptCapital was established in 2007 and is based in Paris, France.

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Investment focus

  • Industry: Software, Apps, Billing
  • Stage:Seed, Series B
  • Geography: United States, France, Serbia

Investor stats

  • Total investments: 5
  • Round size: Seed $1.3M–$7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 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.
  • Gamma — Meet the modern memo. Write like a doc, present like a deck, discuss live or async.
  • OneRoof — OneRoof is an app that helps meet people with similar interests living in your building and build new friendships. Communication should go further than a nod in the elevator.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Daniel Dines
Angel · Dover, Delaware, United States · 1 investments in Serbia Software startups

Daniel Dines is based out of New York, New York, and is the Founder, Chief Executive Officer, and Chief Innovation Officer of UiPath. Daniel Dines attended the University of Bucharest.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Round size: Seed $1.9M–$7.4M; Series A $6M–$35M; Series B $10M–$54M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • RobCo — Easily automate the repetitive tasks in your production facility with modular industrial robots from RobCo.
  • Goodlegal — Goodlegal is the One-Stop-Shop for all your Legal needs. Get an out-of-the-box Legal Infrastructure Platform to handle all your problems.
  • Nomos — Energy products under your brand. Customers pay less for power and hardware pays back faster.
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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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Charlie Songhurst
Angel · Greater Seattle Area, Washington, United States · 1 investments in Serbia Software startups, 25 in the past 12 months

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

Investor stats

  • Total investments: 258
  • Round size: Seed $1.1M–$8M; Pre-Seed $500k–$5.1M; Series A $2.9M–$24M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zeit AI — Zeit AI, founded by former Palantir engineers, generates a structured data base atop your tabular data files which you can query using natural language. For example, you suspect an efficiency in your organisation and you have a bunch of data files, instead of reading through all of them one by one in excel, you explore them in Zeit AI. Theycurrently offer a two-week pilot program where their engineers develop tailored solutions for data challenges involving CSV, Excel, or PDF files.
  • Mantic — Mantic is a world-class technical team on a mission to solve the next AI grand challenge: predicting global events with superhuman accuracy, and deploying this capability to power radically improved decision-making in business and government.
  • Pilgrim — Pioneering a biologically enhanced future for humanity.
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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: SaaS, Web3, FinTech
  • 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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Eric Ries
Angel · San Francisco, California, United States · 1 investments in Serbia Software startups

Eric Ries is the Founder and Executive Chairman of Long-Term Stock Exchange. He previously worked at Kleiner Perkins Caufield and Byers as a Venture Advisor. Eric Ries attended Yale University.

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Investment focus

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

Investor stats

  • Total investments: 68
  • Round size: Seed $500k–$6.1M; Pre-Seed $40k–$3.4M; Series A $1M–$15M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Augie Studio — Helping people make more compelling videos, at a fraction of the time and effort
  • Sinatra — Sinatra is a technology company that, with its all-in-one app, aims to revolutionize the hospitality industry. It provides Sinatra Training, which enables continuous digital training for employees by allowing employers to upload content and employees to access it via the app.
  • Harmony Intelligence — AI cybersecurity products that solve your AppSec, SecOps, and corporate security challenges.
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V7 Capital
VC Fund · Bucharest, Bucuresti, Romania · 1 investments in Serbia Software startups

Guided by trust, responsibility, and vision, we back entrepreneurs whose long-term perspective builds resilience, sustainability, and meaningful change.

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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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Moonfire Ventures
VC Fund · London, England, United Kingdom · 1 investments in Serbia Software startups, 10 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 Software 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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Vega IT
VC Fund · Novi Sad, Vojvodina, Serbia · 1 investments in Serbia Software 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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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 A, Series B
  • Geography: United States, United Kingdom, Serbia

Investor stats

  • Total investments: 19
  • Round size: Seed $635k–$4M; Series A $5.4M–$8M; 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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822 industries, 177 countries. Updated daily. Emails and phones included.

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Vlad Ionescu
Angel · 1 investments in Serbia Software startups

Vlad Ionescu is Chief Marketing Officer at Tokinomo - Robotic Shelf Advertising. Attended at University of Bucharest.

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Investment focus

  • Industry: Software, B2B, Cyber Security
  • Stage:Seed, Series A
  • Geography: United States, Serbia, Romania

Investor stats

  • Total investments: 8
  • Round size: Seed $223k–$1.5M; Series A $6.5M–$7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Metadata — Run B2B campaigns across 12 channels with almost no manual setup. metadata.io creates audiences, landing pages, ad creatives and commercials, then runs and optimizes campaigns autonomously.
  • Trickest — Add SEO description here.
  • Respeecher — Voice cloning: create speech that's indistinguishable from the original speaker. Perfect for filmmakers, game developers, and other content creators.
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Attic42
VC Fund · 1 investments in Serbia Software 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 Software 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 Software 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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Stevan Radak
Angel · 1 investments in Serbia Software startups

Serial angel investor and founder of 1st Serbian seed capital fund with 10+ years of experience from reputable international investment banks (including UniCredit, Deutsche Bank, E&Y).

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Investment focus

  • Industry: Printing, E-Commerce, Mobile Apps
  • Stage:Angel
  • Geography: Serbia

Investor stats

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

Portfolio highlights

  • YoloBook — YoloBook provides photo frames, photo albums, and a calendar. They also provide gifts for birthdays, anniversaries, girlfriends, boyfriends, new year, kids, family, friends, women's day, and valentine's day.
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Software Investor funding in Serbia at a glance

Stats across 34 deals from 49 investors.

49
investors
in Serbia Software startups
34
deals
in Serbia Software startups
$319k
median round
in Serbia Software startups
39%
lead investors
lead at least one round
44%
Seed
most common funding stage
80/20
VC / Angel
share of investor count

Access all 49 investors in Serbia Software startups.

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