Top 45 VC Funds & Investors in Serbia (November 2026)

Portfolio highlights

• Mlinar — Mlinar is the bakery retail and wholesale business in Croatia and operates the largest bakery retail network in South East Europe.
• 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.
• Tbc Bank Group — TBC Bank Group PLC - investor relations, strategy, governance, results, ESG, and company information.

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 — AI video tool for performance agencies. Generate shots with the best models, keep characters + products consistent, and scale across client in the portfolio.

Portfolio highlights

• Flataway.ai — Flataway - the home of subscription living. Live & work from anywhere in a trusted proffessionally managed accomodation.
• nFuse.ai — nFuse automates B2B orders for FMCG wholesalers and distributors. Revenue uplift of up to 30%, live in under a week. No new apps, no change for your accounts.
• Blue Longevity — Expert care for a healthier, longer life. Opening soon Athens | Istanbul | Sofia

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.

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.

Portfolio highlights

• FOMOPOK — Your POK. Your Story. FOMOPOK is a creature-collecting game for Telegram developed and published by Sunlight Games Ltd, a UK game development company incorporated on 6 October 2025 (company number 16766080). The game is in development and preparing for pre-launch. The early experience centres on expressive POK characters, care, collection and progression: a free POK for every player and an initial collection of 999 Limited POK across seven classes. The roadmap includes strategic turn-based Ghost Duels, character upgrades and seasonal competition. Sunlight Games Ltd is seeking $3 million in Seed funding to support FOMOPOK’s development and launch. This is an open fundraising target. CEO: Levi Alishayev — https://www.linkedin.com/in/levi-alishayev/ Investor and partnership enquiries: fomopok@proton.me
• 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 — 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.

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

Portfolio highlights

• Dronamics — Dronamics offers an all-in-one solution for the middle-mile powered by our Black Swan cargo drone, a network of droneports, and fully mobile control and cargo systems.
• Pago — Pago develops a digital payments platform that allows users to manage and pay household expenses through a mobile application. The company provides bill payment services for utilities, insurance, taxes, mobile prepaid recharges, road tolls, and travel-related services within a unified interface. Its platform supports account aggregation, automaticbill retrieval, payment scheduling, and notification tools that help users organize recurring financial obligations. Pago also integrates with banking and financial service applications to extend payment capabilities across partner ecosystems. The company includes transaction history, account management, and digital document storage features to support personal finance tracking and payment administration. In addition, Pago uses encrypted communications and secure payment processing technologies to support data protection and digital transaction security for consumers and partner platforms.
• Footprints AI — Retail Media Powered by AI That Understands Why People Buy. Connected to Real Shopper Purchases. Footprints AI is the most advanced platform to buy or sell retail ads - in stores and online - with precise targeting across the largest retail media ecosystem.

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 — The first and only app that reads & analyzes privacy policies on your behalf.

Portfolio highlights

• Avrea — Drop-in replacement for GitHub Actions runners. About 2x faster on hardware alone, up to 10x with cache hits. Deep observability on every job.
• ColibrITD — ColibriTD leader of Simulation solutions using Quantum computing
• FirstWork — Applied AI for frontline enterprises. Forward-deployed AI agents that automate workforce operations inside your existing systems.

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.

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

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.

Portfolio highlights

• Avail — Meet the Avail team building the future of modular blockchain infrastructure.
• Code & State — Code & State is a venture builder. We start companies with founders and build alongside them: product, engineering and go-to-market, from nothing to a company in market.
• Mode Network — Mode Network is a DeFi blockchain platform that builds new on-chain economic systems to enable developers to scale their applications.

Portfolio highlights

• 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.
• Krux — Use Salesforce's data management platform (DMP) to unify your data and strengthen customer relationships across every touchpoint.
• 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.

Portfolio highlights

• Procuros — More and more sales teams struggle with supplier portals. We help you integrate digitally with common supplier portals and consolidate all order documents.
• 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

Portfolio highlights

• Dapta — Our SaaS platform offers a no-code solution for building APIs and aggregating databases. Save time and resources by streamlining your backend development process. Try it now!
• 6thSense — 6thSense builds touch-aware capture hardware for robot learning: Skin, a 464-channel wearable tactile sensor, and Eye2 Pro, an egocentric stereo camera.
• Qualitate — Qualitate deploys the world's most intelligent AI moderator to conduct expert-driven conversations at scale - uncovering high-quality insights, fast.

Portfolio highlights

• Umia — Umia is an onchain venture-creation platform for token-native projects. It provides a legal wrapper, token minting, community fundraising through public token auctions, a noncustodial treasury, and governance through onchain “decision markets.”
• tenka — tenka is an institutional-grade, decentralized market layer for asset-based finance (ABF) and private credit
• functionSPACE — functionSPACE develops decentralized financial infrastructure and market primitives that allow users to price, trade, and build custom payoff structures based on a continuous range of numerical outcomes rather than simple binary choices.

Portfolio highlights

• rio.ai — rio.ai provides an online pharmacy and shopping assistant accessed through WhatsApp. It supports orders for prescription and over-the-counter medicines, personal care products, baby items, nutraceuticals, ayurvedic products, food, and pet supplies. Customers can describe their needs in text or send a product image, after which Rio connects the request with available suppliers and arranges delivery. The service operates across Noida and the Delhi NCR region.
• Pilot Protocol — Pilot Protocol is an open-source network for AI agents: addresses, encrypted tunnels and trust, about 430 live data agents, an App Store and Pilot Cloud.
• Arctus Aerospace — We build unmanned airplanes for zero infrastructure earth observation. We fly at 45,000 feet for 24 hours at a go

Portfolio highlights

• Celestia — Celestia is the modular blockchain powering unstoppable applications with full-stack control. Deploy your own blockchain as easily as a smart contract with abundant throughput.
• Superchain Network — The Open Index Protocol - By collecting and customising data in minutes, Superchain serves as the layer on top of which builders create applications, faster

Portfolio highlights

• NG.CASH — NG.CASH is a digital bank designed to help the new generations (ages 12 to 30) achieve financial independence. It lets users take charge of their money through solutions like PIX (Brazil’s instant-payment system), prepaid and virtual cards, allowance management, and now credit products tailored for young adults. As a financial hub, NG.CASH is builtto grow with its clients, boosting financial literacy and supporting them at every stage of life.
• PhotonPay — Founded in 2015, PhotonPay is a digital financial infrastructure provider offering global payment solutions to businesses. Our innovative core products include Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. PhotonPay has become a Mastercard issuer in Hong Kong and the fintech card issuer in the GreaterChina region of Discover® Network. With a strong compliance culture and technological innovation capabilities, PhotonPay is building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale. Headquartered in Hong Kong and providing localized services through nine international offices, PhotonPay partners with a network of top-tier banks and global financial institutions and serves more than 200,000 customers globally.
• Predicate — Define transaction rules to secure financial products.

Portfolio highlights

• boxd — Composable computers for devs and agents. Real hardware-isolated Linux VMs in the cloud: compose one, then spin up as many as you need.
• Rivo — Rivo moves the idle cash in your bank account into government-backed securities and brings it back before your bills hit, all automatically.
• Pangram Labs — The most accurate technology to detect AI-generated content. Detects ChatGPT, Gemini, Meta AI, Claude, and more. Supports 20+ languages with 99.98%+ accuracy.

Portfolio highlights

• gamiphy — GAMIPHY is a user engagement and retention platform that equips brands in different industries with tools proven to increase customer reach and loyalty such as branded mini games, playable Ads and digital loyalty programs. The tools and techniques offered by GAMIPHY can be either integrated into existing websites and apps, or can be used to createplatform-independent solutions. The available solutions are diverse, fully customizable, DIY, and are guaranteed to improve each customer journey, thus shorten the path to earn the loyalty sought after.
• Modesta — Modesta is an e-commerce store that helps women express themselves by featuring the latest trends in modest fashion.

Portfolio highlights

• AlgoX2 — The infrastructure powering exchanges, trading platforms, and prediction markets. From the creators of the New York Stock Exchange architecture.
• 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.
• Signa — Signa detects and removes illicit online product trade.

Portfolio highlights

• Tevo — Tevo builds, publishes and scales everyday mobile and AI products. Explore our global app portfolio, company, careers and publishing partnerships.
• Burlingame Studios — Burlingame Studios is a new game studio started by veterans of casual games.
• Nomad Venture Studio — Nomad Venture Studio (NVS) is a fast-growing Central Asian product studio that focuses on building AI-first applications from scratch for education, freelancing, and the future of work

Portfolio highlights

• HTEC — At HTEC Group, technology excellence is at the core of everything we do.
• Meter and Control — Meter and Control provides hardware and software solutions for smart energy management in industrial and residential environments. Their products include smart electricity metres with PLC and GPRS/3G communication, data concentrators and gateways, communication and switching modules, and AMM/AMI software for remote metre reading andcommercial and residential power consumption management.

Portfolio highlights

• Credbull — Credbull manages on-chain private credit funds that provide vital financing solutions to creditworthy small and medium-sized enterprises (SMEs).
• Kindred — Blockchain-enabled AI companions for the masses. On @SeiNetwork
• KOKODI — A third-person fantasy extraction shooter inspired by Asian culture.

Portfolio highlights

• Oumla — Secure, scalable blockchain infrastructure for businesses, enterprises, and governments to manage digital assets with ease and compliance.
• KOR Protocol — KOR Protocol is a decentralized intellectual property (IP) infrastructure designed to empower creators, protect rights, and enable seamless collaboration and monetization of IP assets across various industries, including music, film, TV, gaming, and art. Backed by notable entities like Animoca Brands, Republic, Niantic, Sfermion, Solana, andprominent creators such as Black Mirror, Disclosure, deadmau5, and Richie Hawtin, KOR leverages blockchain, AI, and DeFi to offer a transparent, efficient, and scalable environment for IP expansion.
• Forg3t Protocol — Forg3t Protocol is an AI unlearning verification and evidence layer for LLMs that produces auditable proof artifacts for regulatory and enterprise compliance.

Portfolio highlights

• Euro Manganese — Ultra High Purity Manganese Products World Class Environmental and Social Standards In The Heart of Europe
• Feka Automotive — Feka Automotive supplies OEM and Tier 1 businesses in Turkey and around the world with automotive systems and parts. The company primarily sells completed trim pieces, water expansion and steering hydraulic oil tanks, rearview mirrors, and interior and outdoor illumination.
• NLB Komercijalna Banka — NLB Banka Beograd is a banking institution that offers a wide range of financial services. These services include personal banking, business banking, and digital banking services. Personal banking services encompass various types of accounts, loans, and cards. Business banking services cater to the needs of small businesses, corporations, andentrepreneurs, providing them with accounts, loans, and other financial solutions. The bank also offers digital banking services through its NLB eKlik and NLB eBizKlik platforms, allowing customers to manage their finances online. In addition, NLB Banka Beograd provides customer support through its contact center.

Portfolio highlights

• Superchain Network — The Open Index Protocol - By collecting and customising data in minutes, Superchain serves as the layer on top of which builders create applications, faster

Portfolio highlights

• Alawyer — Alawyer is the proactive legal AI for non-lawyers. It help small and medium-sized enterprises (SMEs) as well as private individuals to better master legal questions and risks in everyday life—independently and without prior legal knowledge.
• National Bank of Egypt — National Bank of Egypt Home Page
• Duke-NUS Medical School — Collaboration between Duke University and National University of Singapore. Duke-NUS follows the American model of post-baccalaureate medical education in which students begin their medical studies after earning a bachelor's degree. Offers MD, MD/PhD and PhD programs.Duke-NUS aim to develop students to become medical doctors andmedical researchers. Creativity, critical thinking and teamwork are important values that are imparted to our students - that will help them to change and improve the practice of medicine.

Portfolio highlights

• Collabwriting — Collabwriting is a simple browser extension that helps you share, comment and collaborate on content you find online

Portfolio highlights

• Datapao — Datapao is a Databricks Gold Partner delivering expert consulting, platform migrations, production-ready AI and hands-on training across the UK and Europe.
• Daytrip — Book private car transfers, round-trip day trips, or hire an hourly driver. Enjoy door-to-door rides and sightseeing in 130+ countries with local drivers.
• Hypefy — An influencer marketing platform built for brands that want to discover creators, run campaigns, and measure performance with ease.

Portfolio highlights

• Solak — Solak is an AI browser and DeFi platform that is transforming the digital world.
• STAGE — Always-on music competitions powered by the blockchain. Vote for your favorite artists and share their success.
• KOKODI — A third-person fantasy extraction shooter inspired by Asian culture.

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.

Portfolio highlights

• B2Bee — Each customer gets a suggested order on WhatsApp or Viber a day or two before delivery. One reply, and the order is in your ERP. 32% more revenue.
• Getafeel — We specialize in 3D digital twin solutions for residential real estate developers.
• Connect The Dots — Connect The Dots is a network intelligence platform that uses AI to map and manage career-long professional relationships. The company was founded in 2019 and is based in San Francisco, California, United States.

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 — A third-person fantasy extraction shooter inspired by Asian culture.

Portfolio highlights

• Qooverse — Qooverse is a Web3 gaming studio that creates fast-paced, win-to-earn mobile card games with a compelling gameplay loop. This involves developing an ecosystem of mid-core and casual social games for Telegram and future social platforms.
• Aria — Next-gen platform combining Entertainment + AI
• Cold River Games — Crystalfall is an upcoming free online action RPG with customizable skills and an endless endgame, set in a steampunk world.

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.
• iFarm — Technologies to grow fresh vegetables, berries and greens

Portfolio highlights

• Carfix — Carfix solves every task in minutes, eliminating costly fines for expired inspections, unpaid taxes, human errors & paper-based procedures
• SOMAREALITY — SOMAREALITY provides eye tracking solutions for diverse industries. Improve healthcare, automotive, research & aviation with real-time cognitive insights.
• Footprints AI — Retail Media Powered by AI That Understands Why People Buy. Connected to Real Shopper Purchases. Footprints AI is the most advanced platform to buy or sell retail ads - in stores and online - with precise targeting across the largest retail media ecosystem.

Portfolio highlights

• Veli — Veli is a fintech firm that provides platform for crypto investing.
• Getafeel — We specialize in 3D digital twin solutions for residential real estate developers.
• Vinaver Medical — Vinaver Medical uses AI to unlock the full power of spectral CT, delivering richer tissue data and sharper diagnostics from scanners you already own. Their software boosts clinical confidence and enhances precision in treatment planning.

Portfolio highlights

• Thytadel — Safety is an information problem. We solve it by giving operators the right signal at the right moment - and removing everything else.
• KOKODI — A third-person fantasy extraction shooter inspired by Asian culture.
• Sats Terminal — The best-execution app for Bitcoin swaps, loans, and yield. Compare rates across Aave, Morpho and more. Self-custodial. No KYC.

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.

Portfolio highlights

• Kindred — Blockchain-enabled AI companions for the masses. On @SeiNetwork
• KOKODI — A third-person fantasy extraction shooter inspired by Asian culture.

Portfolio highlights

• Klarent — Klarent develops an artificial intelligence-powered software testing platform that automates quality assurance for web, iOS, and Android applications. Its platform uses AI agents to identify test scenarios, generate test cases from plain-language instructions or existing documentation, execute test workflows, and maintain tests when application interfaces change. Klarent provides test management features for organising projects, test suites, and test schedules, along with reports containing execution results, screenshots, and logs. The platform supports functional testing, end-to-end testing, regression testing, smoke testing, and continuous integration and delivery workflows. It also integrates with development and collaboration tools such as GitHub, GitLab, Jira, Slack, and Microsoft Teams to connect testing activities with software development processes. Klarent serves organisations across finance, insurance, retail, travel, media, and software-as-a-service industries that need to automate application testing and monitor software quality throughout development and release cycles.
• Pharosyn — Pharosyn is an AI-powered competitive intelligence and decision-making platform developed for the pharmaceutical and biotechnology sectors.
• Orchestra — Orchestra helps Data Teams connect any Data Tool to reliably and efficiently release data. Stop maintaining pipelines & start delivering value.