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Top 30 VC Funds & Investors in Serbia (June 2026)

The most active venture capital funds investing in Serbia startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Serbia 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
10 United States, Serbia, United Kingdom Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $33k–$5.5M
European Bank for Reconstruction and Development
VC Fund
6 Turkey, United States, Egypt Debt Financing, Post-IPO Debt Financial Services, Banking, Finance $4.4M–$479M
Eleven Ventures
VC Fund
5 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.3M
Credo Ventures
VC Fund
4 United States, United Kingdom, Czech Republic Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $371k–$19M
Earlybird Venture Capital
VC Fund
3 Germany, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $1.2M–$91M
Underline Ventures
VC Fund
3 Romania, United States, Serbia Seed, Pre-Seed, Series A Software, Machine Learning, E-Commerce $865k–$5.5M
SeedBlink
VC Fund
3 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $126k–$35M
SMOK Ventures
VC Fund
3 Poland, United States, Ukraine Seed, Pre-Seed Software, Information Technology, SaaS $54k–$2.5M
Fiedler Capital
VC Fund
2 Hungary, Latvia, Serbia Seed, Pre-Seed, Series A Software, Information Technology, Mobile Apps $500k–$4M
Fortech Investments
VC Fund
2 Serbia, Austria, Romania Seed, Pre-Seed Software, Manufacturing, E-Commerce $658k–$1.5M
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 $900k–$53M
Tenzor Capital
VC Fund
1 Canada, United States, United Kingdom Seed, Pre-Seed Blockchain, Cryptocurrency, Software $1M–$8.5M
V7 Capital
VC Fund
1 Serbia Seed Software
European Union
VC Fund
1 United Kingdom, Germany, United States Grant, Seed Health Care, Information Technology, Software $16k–$23M
F6 Ventures
VC Fund
1 Egypt, United Arab Emirates, Saudi Arabia Seed, Pre-Seed Software, E-Commerce, Information Technology $14k–$1.5M
Euroventures
VC Fund
1 Hungary, United Kingdom, United States Series A, Seed Software, Information Technology, E-Commerce
CARBYN GROUP
VC Fund
1 Serbia, United States Pre-Seed FinTech, Blockchain, B2B
SWGI ventures
VC Fund
1 Seed Blockchain, Cryptocurrency, Web Development $1.1M–$1.9M
Moonfire Ventures
VC Fund
1 United Kingdom, United States, France Seed, Series A, Pre-Seed Software, Artificial Intelligence, FinTech $1.7M–$50M
Script Capital
VC Fund
1 United States, France, Serbia Seed, Series B Software, Apps, Billing $1.3M–$7M
Catalyst Romania
VC Fund
1 Romania, United Kingdom, Serbia Seed, Series B Software, Retail, FinTech
Kangaroo Capital
VC Fund
1 India, Sweden, Vietnam Seed, Series A Blockchain, Cryptocurrency, Gaming $1.2M–$5M
ICT Hub Venture
VC Fund
1 Serbia, Germany Pre-Seed, Seed B2B, Software, Web Design $33k–$55k
Purechain Capital
VC Fund
1 United States Web3, Blockchain, Cryptocurrency
KG Ventures
VC Fund
1 Russian Federation, Serbia, Romania Seed SaaS, Software, PaaS $112k–$300k
Crew Capital
VC Fund
1 United States, United Kingdom, Brazil Seed, Series A, Series B Software, SaaS, Information Technology $3.7M–$94M
vVv
VC Fund
1 Serbia Seed Gaming, Blockchain
Funders
VC Fund
1 United States, Serbia Seed Apps, EdTech, FinTech $354k–$3.5M
Avalanche
VC Fund
1 United States, Spain, France Seed, Series A, Grant Cryptocurrency, Blockchain, Gaming
Access all 58 VC funds in Serbia 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 · 10 investments in Serbia 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, Series A, Pre-Seed
  • Geography: United States, Serbia, United Kingdom

Investor stats

  • Total investments: 55
  • Round size: Seed $120k–$2.8M; Pre-Seed $33k–$2M; Series A $329k–$5.5M
  • Lead/follow: 60% lead, 40% 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!
  • hylosense — Almost all energy is dependent on weather, yet energy companies still rely on outdated weather forecasts which can’t capture details needed for decimal point accuracy. So every small forecast errors trigger grid instability, penalties, and poor energy bids. That's why we built hylosense - hyper-local weather models that are up to 50% moreaccurate than their global counterparts.
  • 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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European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 6 investments in Serbia 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, Finance
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Turkey, United States, Egypt

Investor stats

  • Total investments: 232
  • Round size: Post-IPO Debt $5M–$479M; Debt Financing $4.4M–$165M
  • Lead/follow: 70% lead, 30% follow

Portfolio highlights

  • Virya Renewables — Virya Renewables is a new renewable energy platform established by Virya Energy in Poland. It develops large-scale solar PV, battery storage, and onshore wind projects.
  • 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.
  • National Bank of Greece — The term i-bank adopted in April 2009 as a single name for all electronic service networks of the National Bank (Internet, Phone & Mobile Banking, ATM and Automated Payment -APS).Through the site of i-bank participate in contests with great prizes , learn the latest news from the world of technology , innovation and entrepreneurship and youthinformed about events in the i-bank store and the latest developments of the Contest «i -bank Innovation & Technology " .
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Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 5 investments in Serbia 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: 142
  • Round size: Seed $27k–$2.3M; Pre-Seed $219k–$796k; Convertible Note $27k–$121k
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $68M in 2022

Portfolio highlights

  • Bitloops — Bitloops is an AI-powered application development platform that enables organizations to develop, maintain, and operate complex web applications with ease. It helps you easily modify system designs, deploy applications to production, and manage changes, new features, and products. The platform enables teams to innovate quickly and grow the productor business without compromising the product's usability, extendability, or maintainability. Bitloops makes it simpler than ever to create high-quality software utilizing best practices and techniques like DDD, BDD, TDD, hexagonal architecture, clean architecture, ports and adapters, CQRS, and event sourcing suitable for extending legacy systems as well as new initiatives.
  • 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.
  • Outfindo — Making bikes & e-bikes buying easy
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Credo Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 4 investments in Serbia 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: 139
  • Round size: Seed $800k–$7M; Pre-Seed $371k–$3.3M; Series A $2M–$19M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • UiPath — Reinvent your workplace with the leading robotic process automation platform and learn how UiPath can help your company become a fully automated enterprise.
  • Codasip — Codasip is redefining secure silicon, building the foundation of the next era of secure computing. Codasip - Resilient by Design.
  • Kindest — Raise More with Less Effort. Kindest takes the stress off fundraising so nonprofits can focus their resources on achieving their mission.
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Earlybird Venture Capital
VC Fund · Berlin, Berlin, Germany · 3 investments in Serbia 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: 316
  • Round size: Seed $1.2M–$12M; Series A $3.5M–$34M; Series B $5M–$91M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $190M in 2024

Portfolio highlights

  • Voyfai — A European group of independent freight forwarders, operating autonomously at local level while sharing scale, technology, and partnerships.
  • Curio — Be one of the first to access Rio, the leading AI for fact-checked news. Free for early users.
  • Payable — Scale your business with our payment operations API and dashboard. Track, reconcile and make payments instantly.
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Underline Ventures
VC Fund · Bucharest, Bucuresti, Romania · 3 investments in Serbia 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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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 3 investments in Serbia 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: 58
  • Round size: Seed $439k–$2.5M; Pre-Seed $54k–$1.4M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $25M in 2024

Portfolio highlights

  • 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.
  • Proteine Resources — We want to revolutionize the feed and food market, build robotic factories, process bio-waste in high-quality protein, fat and fertilizer insects.
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Fiedler Capital
VC Fund · Vienna, Wien, Austria · 2 investments in Serbia 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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Fortech Investments
VC Fund · 2 investments in Serbia 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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Access 48,091 investors

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

Browse database — It's Free!
Version One Ventures
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Serbia 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: 143
  • 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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Point Nine
VC Fund · Berlin, Berlin, Germany · 2 investments in Serbia 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: 253
  • Round size: Seed $900k–$7.7M; Series A $3.2M–$24M; Series B $9M–$53M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Attio — Unlock your team's true potential with Attio, the data-driven CRM for modern teams. Manage everything from sales leads through to recruitment pipelines.
  • Bearer — Bearer helps security teams at technology companies map data flows and mitigate data security risks across the software development lifecycle.
  • Omnea — The all-in-one procurement platform. Request purchases, automate approvals, and streamline your procurement process in one centralised solution.
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Tenzor Capital
VC Fund · Gibraltar, Gibraltar, Gibraltar · 1 investments in Serbia startups

Investments we power the web3 pioneers, builders and enablers

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 22
  • Round size: Seed $1M–$8.5M; Pre-Seed $1M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zyfi — Zyfi is building the best on-chain user experience by leveraging paymasters and intents, powered by ZKsync
  • Zeko Labs — Zeko is a zero-knowledge cross-chain scaling protocol built on Mina.
  • KOKODI — KOKODI is a cross-chain, multi-platform MMO game that allows players to play with zero-knowledge cryptography.
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V7 Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Serbia 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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European Union
VC Fund · London, England, United Kingdom · 1 investments in Serbia startups

Discover how the EU functions, its principles, priorities; find out about its history and member states; learn about its legal basis and your EU rights.

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Investment focus

  • Industry: Health Care, Information Technology, Software
  • Stage:Grant, Seed
  • Geography: United Kingdom, Germany, United States

Investor stats

  • Total investments: 143
  • Round size: Seed $16k–$5.5M; Grant $55k–$23M
  • Lead/follow: 61% lead, 39% follow

Portfolio highlights

  • Chessed.me — Chessed.me is a digital platform that improves children's concentration and cognitive abilities through individual chess lessons led by teachers.
  • Adamo Foods — Adamo Food is a UK-based food tech company developing plant-based whole-cut meats using proprietary fermentation technology combined with mycelium.
  • Dakar Mobilite — Dakar Mobilité is the Senegalese business that operates the Dakar BRT. The company is concerned with road safety, air pollution, and greenhouse gas emissions.
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F6 Ventures
VC Fund · Gîza, Al Jizah, Egypt · 1 investments in Serbia startups

F6 Ventures is a leading seed stage venture capital firm operating across emerging markets. We back exceptional founders from idea-stage all the way to Series A, combining early capital with strategic support and a commitment to long-term partnership. With deep ties across the Middle East, Africa, and beyond, we empower innovative startups to scalewith purpose and impact. We manage over $90M in AUM across more than 300 investments in seven countries. By investing early in Pre-Seed to Pre-Series A rounds, we help founders cover initial costs, develop their product, and take it to market. This early capital acts as a launchpad, enabling startups to hit key milestones like securing first customers, attracting follow-on funding, and making significant strides forward.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Egypt, United Arab Emirates, Saudi Arabia

Investor stats

  • Total investments: 187
  • Round size: Seed $14k–$1.5M; Pre-Seed $32k–$600k
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Emonovo — Best Study Abroad Partner in MENA to Find programs and universities around the world Emo was the 1st international student, now it is your turn to study abroad. Emonovo used to be named Marj3 which was highest reach scholarship portal in the MENA region.
  • Brimore — Brimore is a social commerce platform connecting emerging brand owners with a network of resellers who market and sell their products using social media.
  • Let'sGrant — Let’sGrant is a point of sale lending platform, partnering with lenders and consumer goods stores to make the lending process fast, simple and flexible for everyone. With a vision to be internationally recognized as a driving force in personal and consumer loans in the MENA region, Let’sGrant will soon be launching the first online peer to peerlending platform for personal loans in the MENA region which connects individual investors directly to potential borrowers in search of funding through debt.
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Euroventures
VC Fund · Budapest, Budapest, Hungary · 1 investments in Serbia startups

Budapest-based Euroventures is one of the longest-established and leading independent private equity and venture capital firms in Central Europe, with a proven ability to achieve international exits over two decades in a fast-changing environment. It has advised or is advising five investment programmes totalling over €180m since 1989, with a focuson funding INNOVATION and GROWTH in Hungary and Central Europe. The investors in Euroventures funds have been international institutional Investors. Euroventures' nearly 50 current and former portfolio companies illustrate the commitment to provide steady support through the cycles of the regional and global economy. Its professional team members have many decades of private equity / venture capital experience between them. Recent investments have targeted growing businesses with innovative technologies in the fields of medtech, big data, security, and IoT among others. Euroventures has had an outstanding track record in supporting its portfolio companies entering global markets. As a result, it has delivered highly successful exits, including IPOs (Vienna, NASDAQ, NYSE) and several dozens of trade sales to international corporations. Euroventures is a founding member of the Hungarian Venture Capital Association and complies with the conduct, governing principles and valuation/reporting guidelines of Invest Europe.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Series A, Seed
  • Geography: Hungary, United Kingdom, United States

Investor stats

  • Total investments: 28
  • Lead/follow: no public data

Portfolio highlights

  • Datapao — Discover DATAPAO's data consulting solutions in cloud migrations, data science, data engineering, AI & ML.
  • Daytrip — Daytrip is a platform for traveling with local drivers. It allows independent travelers to get the most out of their vacation by connecting them to local drivers, who drive them from one city to another with their own cars, discovering local sights and culture on the way.It gives travelers an opportunity to see otherwise unreachable countrysidesights, meet real locals and get to know local history, culture and current affairs first-hand. Daytrip is an entirely new approach to traveling, combining the comfort of package holidays with the flexibility of independent planning and authenticity of backpacking.
  • Hypefy — An influencer marketing platform built for brands that want to discover creators, run campaigns, and measure performance with ease.
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CARBYN GROUP
VC Fund · Limassol, Limassol, Cyprus · 1 investments in Serbia startups

Early stage VC studio. Marketing support. Advisory. Development support. Carbyn - is your driven force!

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Investment focus

  • Industry: FinTech, Blockchain, B2B
  • Stage:Pre-Seed
  • Geography: Serbia, United States

Investor stats

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

Portfolio highlights

  • ASTERIZM — Asterizm is an encrypted and trustless cross-chain communication protocol binding L1 & L2 networks (private and public blockchains). In Asterizm we are focused on B2B enterprise market. We are developing solution to let companies build any cross-chain logic even in private chains.
  • Chainspot — Deposit to any supported yield vault from any chain and any token with a single transaction. Manage your DeFi positions in one window from all chains.
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SWGI ventures
VC Fund · 1 investments in Serbia startups

SWGI ventures operates as an investment firm.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web Development
  • Stage:Seed

Investor stats

  • Total investments: 2
  • Round size: Seed $1.1M–$1.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • EclipseFi — EclipseFi is a Cosmos modular multi-chain token issuance platform that seeks to tackle Launchpad's cross-chain user experience and sustainability challenges with features like smart accounts and cross-chain design.
  • KOKODI — KOKODI is a cross-chain, multi-platform MMO game that allows players to play with zero-knowledge cryptography.
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Moonfire Ventures
VC Fund · London, England, United Kingdom · 1 investments in Serbia startups

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, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, United States, France

Investor stats

  • Total investments: 57
  • Round size: Seed $2.3M–$8M; Pre-Seed $1.7M–$3M; Series A $11M–$50M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Filigran — Embrace a proactive approach with end-to-end cyber threat management, from anticipation to response.
  • Lightdash — Lightdash is the AI-first, open-source BI platform for modern data teams. Connect to dbt, define metrics once, and get instant, trustworthy insights.
  • Beyond Work — The first human-AI collaboration platform that brings automation to any team.
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Script Capital
VC Fund · Paris, Ile-de-France, France · 1 investments in Serbia 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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Catalyst Romania
VC Fund · Bucharest, Bucuresti, Romania · 1 investments in Serbia startups

Catalyst Romania is a private equity and venture capital fund platform.

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Investment focus

  • Industry: Software, Retail, FinTech
  • Stage:Seed, Series B
  • Geography: Romania, United Kingdom, Serbia

Investor stats

  • Total investments: 13
  • Lead/follow: no public data

Portfolio highlights

  • Adapta Robotics — Creating, designing, and manufacturing adaptable robotic products that support automation efforts and technological progress.
  • Footprints AI — Footprints is one of the most advanced AI-driven Retail Media platforms in the world, helping physical retailers generate a new high profit margin revenue in 3 months or less.Retail Media will be a $100 billion market by 2025. This means that 1 in 4 dollars in digital ad spend will be on media platforms that leverage intent-based customerbehavior data.Footprints is part of the global Microsoft Pegasus program, a cohort of 12 high-impact AI startups worldwide with the most viable solutions to transform the physical retail model into an AI-driven business model.Footprints' unique technology enables physical retailers to turn anonymous traffic into profitable, predictable audiences by leveraging our proprietary offline-to-online behavioral data fusion, artificial intelligence and algorithmic automation.Since 2017, Footprints has pioneered AI technologies that enable physical retailers to: - Enable an automated omnichannel retail media service - Become the brand of choice in local communities - Expand more profitably into new local communitiesFootprints is currently working with Tier 1 retailers and retail properties to transform their offline and online visitors into retail media.Every day, Footprints orchestrates and processes billions of visits, searches, and purchases from offline and online retail environments for YOU, to meet your customers' needs better than ever before. The result? A seamless shopping experience, more customers, more sales, and a new high profit margin revenue.Retail Media is the #1 priority for retailers everywhere, who can now offer personalized and curated content to their customers around the world.
  • .Lumen — .lumen builds glasses that help the blind live a better life.
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Kangaroo Capital
VC Fund · 1 investments in Serbia startups

Kangaroo Capital is a community driven blockchain and cryptocurrency venture capital that is dedicated to helping young startups and more established projects accelerate.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A
  • Geography: India, Sweden, Vietnam

Investor stats

  • Total investments: 17
  • Round size: Seed $1.2M–$5M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Solak — Solak is an AI browser and DeFi platform that is transforming the digital world.
  • KOKODI — KOKODI is a cross-chain, multi-platform MMO game that allows players to play with zero-knowledge cryptography.
  • Cookie3 — Cookie3 is an AI-driven MarketingFi platform bridging Web2 and Web3 by providing comprehensive analytics spanning off-to-on-chain data, applied across 12+ EVM blockchains to enhance user journey tracking, attribution, and campaign ROI. It includes tools like analytics dashboards, CRM, campaign manager, affiliate marketplace, reputation scoring, andan airdrop shield; all unified by its token and Cookie DAO for governance and user rewards. It empowers campaigns with AI insights, fraud protection, and a transparent, incentivized marketing economy.
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ICT Hub Venture
VC Fund · Belgrade, Vojvodina, Serbia · 1 investments in Serbia 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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Purechain Capital
VC Fund · 1 investments in Serbia startups

Purechain Capital is a venture capital firm focused on promoting the blockchain sector through smart investments in innovation and technology.

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Investment focus

  • Industry: Web3, Blockchain, Cryptocurrency
  • Geography: United States

Investor stats

  • Total investments: 5
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Credbull — Credbull manages on-chain private credit funds that provide vital financing solutions to creditworthy small and medium-sized enterprises (SMEs).
  • KOKODI — KOKODI is a cross-chain, multi-platform MMO game that allows players to play with zero-knowledge cryptography.
  • KIP Protocol — KIP Protocol is a decentralised AI framework unlocking digital property rights of Knowledge Assets in the AI-powered future.
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KG Ventures
VC Fund · Saint Petersburg, Saint Petersburg City, Russian Federation · 1 investments in Serbia startups

Corporate venture capital fund of the Kirovsky Zavod

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Investment focus

  • Industry: SaaS, Software, PaaS
  • Stage:Seed
  • Geography: Russian Federation, Serbia, Romania

Investor stats

  • Total investments: 6
  • Round size: Seed $112k–$300k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Ivitech — IVITECH financial platform works in SEA region and develop unique scoring models for risk evaluation and risk management.
  • TraceAir — Construction platform providing drone flights, 3D mapping, analytics, and data processing services to accelerate site work.
  • Pro Control — Pro Control specializes in the field of industrial automation, electric motor drives and electrical installations.
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Crew Capital
VC Fund · New York, New York, United States · 1 investments in Serbia 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: 42
  • Round size: Seed $3.7M–$12M; Series A $10M–$41M; Series B $10M–$94M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Membrane — Membrane is AI for product integrations. Describe what you need, watch integrations build, test and maintain themselves.We exist to let any product connect to any other reliably, safely, and at scale, by turning intent & customer needs into integrations with AI.Our platform offers the state-of-the-art solution in the AI Age for productintegrations:Membrane Agent builds integrations for one or multiple apps at once, choosing correct API calls, field mappings, and data structuresMembrane Engine is the configurable infrastructure that you or any agent can play with. It contains actions, events/webhooks, flows, data collections, unified API models, field mappings, and schemas & more used to build and maintain integrations at scale.Membrane Packages - integration code that is purpose built for your use case, that you can deploy in your IDE.Membrane is used by 100+ B2B SaaS companies like Constant Contact, PandaDoc, Dialpad, Storyblok & many others as their preferred integration partner
  • Seal Security — Streamline your open source vulnerability remediation without introducing the risk of breaking changes. Say goodbye to alert fatigue and start patching with Seal Security.
  • Membrane — Integrate any API instantly. Keep integrations working as things change. Membrane is agentic integration infrastructure with unlimited API coverage.
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vVv
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Serbia startups

All digital assets on one exchange

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Investment focus

  • Industry: Gaming, Blockchain
  • Stage:Seed
  • Geography: Serbia

Investor stats

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

Portfolio highlights

  • KOKODI — KOKODI is a cross-chain, multi-platform MMO game that allows players to play with zero-knowledge cryptography.
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Funders
VC Fund · Limassol, Limassol, Cyprus · 1 investments in Serbia startups

Funders is a venture capital firm focused on seed-stage investments, with a primary focus on Fintech, AI and SaaS across Americas & Europe

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Investment focus

  • Industry: Apps, EdTech, FinTech
  • Stage:Seed
  • Geography: United States, Serbia

Investor stats

  • Total investments: 4
  • Round size: Seed $354k–$3.5M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • AlgoX2 — AlgoX2 is a data streaming platform that allows you to stream data from any source to any destination
  • web2wave — We redefine user acquisition by revolutionizing how web-to-app funnels are built and optimized. Experience unmatched control and efficiency with our platform, designed to tackle the challenges of modern digital marketing and drive your business forward with groundbreaking results.
  • Evolve Platform — AI-native corporate learning platform that automates content creation and delivers measurable business impact through smart assessments and performance analytics.
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Avalanche
VC Fund · Brooklyn, New York, United States · 1 investments in Serbia startups

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.

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Investment focus

  • Industry: Cryptocurrency, Blockchain, Gaming
  • Stage:Seed, Series A, Grant
  • Geography: United States, Spain, France

Investor stats

  • Total investments: 27
  • Lead/follow: no public data

Portfolio highlights

  • Bubblemaps — Explore DeFi tokens and NFTs through bubbles in our crypto dApp. Cryptocurrency data for beginners, degens, and experts.
  • KOKODI — World without adults!
  • Titan Content — Titan Content is a metaverse music service provider that seeks to fuse Web3, metaverse, and artificial intelligence innovations with conventional Korean pop music business models and content.
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VC funding in Serbia at a glance

Stats across 65 deals from 58 investors.

58
investors
in Serbia startups
65
deals
in Serbia startups
$1M
median round
in Serbia startups
38%
lead investors
lead at least one round
37%
Seed
most common funding stage

Access all 58 VC funds in Serbia startups.

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VC (Venture Capital) Funds in Serbia by industry