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Top 20 Startup Investors in Serbia (May 2026)

The most active venture capital funds and angel investors 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 Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
South Central Ventures
VC Fund
11 Serbia, United Kingdom, United States Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $32k–$5.4M
Eleven Ventures
VC Fund
5 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$1.1M
European Bank for Reconstruction and Development
VC Fund
4 Turkey, United States, Russian Federation Debt Financing, Series A, Series B Financial Services, Banking, Finance $3.2M–$88M
SeedBlink
VC Fund
3 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, Information Technology, SaaS $123k–$27M
Version One Ventures
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B Software, Internet, Blockchain $1M–$100M
Earlybird Venture Capital
VC Fund
2 Germany, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, Health Care $1.2M–$40M
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $800k–$40M
Crew Capital
VC Fund
1 United States, United Kingdom, Brazil Seed, Series A, Series B Software, SaaS, Information Technology $30M–$41M
Stefan Glänzer
Angel
1 United Kingdom, Germany, Spain Seed, Angel, Series A Financial Services, FinTech, Social Media $193k–$15M
Script Capital
VC Fund
1 United States, France, Serbia Seed, Series B Software, Apps, Billing
Robert Dighero
Angel
1 United Kingdom, Serbia, Denmark Seed, Angel, Series A E-Commerce, Financial Services, Payments
Flat6Labs
VC Fund
1 Egypt, United Arab Emirates, Saudi Arabia Seed, Pre-Seed Software, E-Commerce, Apps $15k–$300k
Ronyp Kahan
Angel
1 United States, United Kingdom, Serbia Seed, Series B, Series A Software, SaaS, B2B $1M–$3M
Eric Ries
Angel
1 United States, Serbia, Canada Seed, Pre-Seed, Series A Software, Internet, SaaS $40k–$3.3M
Accel
VC Fund
1 United States, India, United Kingdom Series A, Series B, Series C Software, SaaS, E-Commerce $3.5M–$110M
Mark Zaleski
Angel
1 United Kingdom, France, Serbia Seed, Angel, Series B E-Commerce, Marketplace, Software Engineering $200k–$2.9M
European Union
VC Fund
1 United Kingdom, United States, Germany Grant, Seed Health Care, Information Technology, Medical Device $16k–$15M
Catalyst Romania
VC Fund
1 Romania, Serbia Seed Software, E-Commerce, EdTech $1.1M–$3.2M
Credo Ventures
VC Fund
1 United States, United Kingdom, Czech Republic Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $343k–$11M
Tihomir Bajic
Angel
1 Serbia, Canada Seed, Pre-Seed, Series B Software, CRM, Sales
Access all 48 investors 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 · 11 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: Serbia, United Kingdom, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $120k–$2.5M; Pre-Seed $32k–$1.1M; Series A $321k–$5.4M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • AdScanner — AdScanner made its mission to empower data-driven TV advertising to increase effectiveness, transparency, speed, reduce manual, complicated, delayed reports and also to make TV more interconnected and comparable with digital channels. Our approach is to combine proprietary technologies and data.
  • Pixyle.ai — Pixyle.ai’s image recognition software detects fashion items in images. It's accurate and integrates seamlessly with any tech stack.The company help fashion retailers deliver visual AI solutions that allow shoppers to visually search for products and get relevant similar product recommendations on their e-commerce platforms, improving bothcustomer engagement and conversion rates. Their automatic tagging and business intelligence solutions enable retailers to save time, reduce costs, and make smarter decisions.
  • Mily Technologies — Mily Tech is a delivery analytics platform tailored for last-mile deliveries. It collects your data and gives it spatial context to help you quickly understand when, where and what happens on the field.
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Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 5 investments in Serbia startups, 10 in the past 12 months

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: 123
  • Round size: Seed $27k–$1.1M; Pre-Seed $107k–$804k; Convertible Note $27k–$118k
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pluria — Flexible offices in LATAM & Europe: hundreds of coworking spaces and meeting rooms for employees and teams. Hybrid work model for companies.
  • Cupffee — Cupffee creates and sells edible coffee cups and stirrers, manufacturing procedure produces no industrial waste, only clean steam and the delicious aroma of freshly baked cookies. Moreover, all leftover materials from the production of cups are utilized as ingredients for other edible products.
  • FlatAway — FlatAway is an online booking platform for hotels, vacation rentals, and apartments.
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European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 4 investments in Serbia startups, 6 in the past 12 months

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, Series A, Series B
  • Geography: Turkey, United States, Russian Federation

Investor stats

  • Total investments: 127
  • Round size: Series A $3.2M–$10M; Series B $4M–$30M; Debt Financing $3.8M–$88M
  • Lead/follow: 69% lead, 31% follow

Portfolio highlights

  • Voltalia — The Investor Relations website contains information about Voltalia's business for stockholders, potential investors, and financial analysts.
  • Masdar Capital — Masdar Capital is developing & deploying commercial-scale renewable energy projects.
  • TBC Bank Uzbekistan — The first next-generation greenfield digital bank in Uzbekistan, established by TBC Group - FTSE 250 constituent financial services group
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Version One Ventures
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Serbia startups

Version One Ventures is an early-stage venture fund investing in the next generation of mission-driven founders.

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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: 129
  • Round size: Seed $1M–$5M; Series A $4M–$15M; Series B $7.5M–$100M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $70M in 2021

Portfolio highlights

  • Peaze — Web3 Transactions Simplified
  • 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.
  • ether.fi — Truly decentralized staking. Keep your keys. Build the network.
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Earlybird Venture Capital
VC Fund · Berlin, Berlin, Germany · 2 investments in Serbia startups, 23 in the past 12 months

Founded in 1997, Earlybird invests in all development and growth phases of technology companies. Among the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources but also strategic support plus access to an international network and capital markets. With EUR 2 billion under management,eight IPOs and 30 trade sales, Earlybird is one of the most established and active venture capital firms in Europe.

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Investment focus

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

Investor stats

  • Total investments: 247
  • Round size: Seed $1.2M–$14M; Series A $2M–$26M; Series B $4.8M–$40M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Binalyze — Binalyze enhances all your digital forensics and incident response processes at max speed.
  • ColibrITD — Quantum Computing Software Algorithm
  • Re-Fresh Global — Re-Fresh Global brings sustainability innovation into the manufacturing industry. Our patented biotechnology transforms textile waste into recycled raw materials: nanocellulose, ethanol, and sanitized textile pulp.
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Point Nine
VC Fund · Berlin, Berlin, Germany · 2 investments in Serbia startups, 10 in the past 12 months

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: 214
  • Round size: Seed $800k–$4M; Series A $1.6M–$24M; Series B $6M–$40M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $193M in 2022

Portfolio highlights

  • Sereact — Discover the world's easiest pick-and-pack automation solution. Significant cost savings, productive 24/7, deployment in one day and no training required.
  • Grasp — Grasp mission is to increase the rate at which humans learn.
  • Amperecloud — ampere.cloud is Renewables & Environment company
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Crew Capital
VC Fund · New York, New York, United States · 1 investments in Serbia startups, 7 in the past 12 months

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: 34
  • Round size: Series A $30M–$41M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Aktos — Aktos is a SaaS platform company that provides modern collection software for debt collection agencies. The company is developing an operating system that will power the ARM industry.
  • Dylibso — Our products help teams take WebAssembly to production & keep it there.
  • Otterize — Automatically grant access to intended service-to-service calls, and block anything else. Make secure access transparent for developers. Cloud-native, open source, with no new infrastructure and no maintenance.
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Stefan Glänzer
Angel · London, England, United Kingdom · 1 investments in Serbia startups

Stefan is an entrepreneur and investor from Germany who enjoys living in London. He is the co-founder of companions.de, companionsTV, ricardo.de and myblog.de. He is the founding investor and executive Chairman of Mendeley.com and RjDj.me and has been and in the same role at Last.fm. Stefan is a firm believer in European entrepreneurship andan active angel. He holds a PhD in foreign exchange risk management and was a professional DJ for 15 years.

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Investment focus

  • Industry: Financial Services, FinTech, Social Media
  • Stage:Seed, Angel, Series A
  • Geography: United Kingdom, Germany, Spain

Investor stats

  • Total investments: 37
  • Round size: Seed $268k–$2.3M; Angel $193k–$241k; Series A $2M–$15M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Auro — Auro is a mobile fitness-tech solution providing you with a personal trainer in your ear. We believe that fitness is at its effective best, when it is personalized, engaging, and accessible anytime. We break down the barriers to exercise by providing millions of people all over the world access to a personal trainer along with the best of contentthat boutique studio fitness has to offer.We’re creating a truly motivating, connected fitness experience that keeps people coming back for more by combining world class instructors, killer playlists and data science led personalisation.Our mission is to transform lives by making fitness experiences awesome, accessible and affordable.
  • LIFT99 — LIFT99 is a coworking hub and network of startup founders in Tallinn, Estonia, and Kyiv, Ukraine. In 2018, we launched our Skillsharing Platform for founders around the world.
  • ClickClickDrive — ClickClickDrive is a developer of a search engine designed for users to find driving schools.The company's platform helps users to find information on different driving schools, find evaluations/recommendations published by driving students and also offers an easy-to-use theory application to help them prepare for the exam, enabling usersto choose the best driving school for them.
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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
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Orgnostic — Fast track to the insights behind your people data with Orgnostic, the people analytics platform for strategic HRs.
  • 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.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Robert Dighero
Angel · London, England, United Kingdom · 1 investments in Serbia startups

Robert Dighero has over 20 years operational experience, the last 15 working with the internet. He is a partner at White Bear Yard and an active investor across Europe focused on early stage e-commerce, payment and marketplace businesses. He has led a number of investment syndicates and taken on a number of board and advisory roles.Robert waspreviously CFO of QXL ricardo from 1998 to 2008, overseeing development from start-up to its eventual sale to Naspers. He managed a diverse range of corporate actions including its dual listing IPO, consolidating the European online auction market with nine acquisitions, the largest over $1 billion and launching an MBO.The QXL Group was the best performing share on Main Market in both 2004 and 2005 and in the All-Share in 2007 with an over 35,000% share price increase in 5 years. Robert was short-listed for CBI / Real FD, FD of the Year in 2007 and the following year negotiated the £1 billion sale of QXL via a public take-over offer.Prior to QXL, Robert was CFO of AOL UK and previous roles included that of M&A at Bertelsmann USA and at Verulam Investments. Robert started his career at Bain & Co, having left Cambridge with a First class degree and a post-graduate degree in Engineering and has an MBA from Insead.

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Investment focus

  • Industry: E-Commerce, Financial Services, Payments
  • Stage:Seed, Angel, Series A
  • Geography: United Kingdom, Serbia, Denmark

Investor stats

  • Total investments: 17
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Swipe — Swipe helps you make quick, beautiful, responsive presentations and lets you broadcast them in real-time to anyone, on any device, anywhere in the world. Swipe turns your presentations into conversations, by putting your content in the hands of your audience and lets you interact with real-time polls for a more modern, engaged, two-way presentationexperience. Rebuilt from the ground up with the tools to help save you time and make better presentations.
  • Lendino — Lendino er en markedsplads for lån, hvor private og professionelle investorer kan låne direkte til kreditværdige virksomheder til begge parters fordel. Ved at bruge lånemarkedspladsen sparer man tid, penge og besvær — både som investor og låntager. Du kan læse mere om hvordan Lendino virker her.
  • Lendable — Lendable is a lending platform. When you borrow money, it comes straight from an investor. Unlike banks, who hand out loans from piles of cash they look after on behalf of savers. Their platform is super-fast (you’ll see in a moment), and makes lending as hassle- free as possible. It’s a matter of a few clicks and you get your quote. Unlike banks,who require paperwork and run expensive branch networks.
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Flat6Labs
VC Fund · Gîza, Al Jizah, Egypt · 1 investments in Serbia startups, 8 in the past 12 months

Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming theirinstitutional co-founders. Flat6Labs manages a number of seed funds with a total AUM in excess of $85M. More than 25 leading institutions have invested into the Flat6Labs managed funds; believing in the asset class and Flat6Labs’ proven track record as the market leader.. Flat6Labs provides a wide range of investment ticket sizes ranging from $50K to $500k, supporting startups through their early journeys from Pre-Seed all the way to Pre-Series A stages. Alongside to the investments, Flat6Labs’ exceptional startup programs, executed to cater specifically for the needs of the innovative entrepreneurs, helps them accelerate their growth by providing them with a plethora of support services and connecting them to unparalleled opportunities with an expansive network comprising hundreds of business mentors, investors and corporates. Launched and headquartered in Cairo since 2011, Flat6Labs has multiple offices across the region; with ongoing plans to expand into other emerging markets.

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Investment focus

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

Investor stats

  • Total investments: 123
  • Round size: Seed $15k–$300k; Pre-Seed $32k–$230k
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Midient — We help restaurants collect, analyze, and act on their customer data to increase customer satisfaction and increase revenue.
  • Growdash — Growdash is a business intelligence and analytics tool built specifically for restaurants to support profitable growth strategic decisions across online sales channels.
  • Agel — Agel aim at reshaping the traditional financial services business model, operational model and customer experience to unlock a unique finance avenue for (“MSMEs”), with a core preposition of availing industry-agnostic merchandise credit limit for Merchants within Agel network in a manner that is Digital, Cashless and Sharia compliant, aligning withthe UN Global (“SDG”) goals, and Egypt’s 2030 plan towards financial inclusion and sustainability.our goals are: - Empowering MSMEs growth, - Accelerating Financial Inclusion, - Eradicating Informal Economy, - Raising Financial literacy
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Ronyp Kahan
Angel · Austin, Texas, United States · 1 investments in Serbia startups

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

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Investment focus

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

Investor stats

  • Total investments: 18
  • Round size: Seed $1M–$3M
  • 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 — Fast track to the insights behind your people data with Orgnostic, the people analytics platform for strategic HRs.
  • 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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Eric Ries
Angel · San Francisco, California, United States · 1 investments in Serbia startups

Eric is the author of New York Times bestseller The Lean Startup, The Startup Way, and The Leaders Guide (funded by one of the top Kickstarter book campaigns of all time). He's also the creator of the Lean Startup methodology, practiced by individuals and companies around the world and the inspiration behind the LTSE. He has founded a numberof startups, including IMVU, where he served as CTO, and has advised on business and product strategy for startups, venture capital firms, and large companies across many industries.

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Investment focus

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

Investor stats

  • Total investments: 59
  • Round size: Seed $350k–$3.3M; Pre-Seed $40k–$3.2M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Manara — We identify and thoroughly vet undiscovered talent. You hire them directly for onsite or remote jobs, diversifying and accelerating your team. Our mission is to accelerate the growth of the Arab tech sector by untapping its human potential. Did you know that 52% of computer science graduates in Palestine are women? Follow us and visit our websiteto learn more.
  • Autio — HearHere is a travel audio app that shares the depth and diversity of stories - cultural, geographical, historical, and mythological.
  • 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.
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Accel
VC Fund · Palo Alto, California, United States · 1 investments in Serbia startups, 65 in the past 12 months

First partner to exceptional teams everywhere

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Series A, Series B, Series C
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1443
  • Round size: Series A $3.5M–$28M; Series B $8M–$50M; Series C $10M–$110M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Captain Fresh — Captain Fresh is a freshwater fish and seafood supply chain platform. Captain Fresh is a B2B marketplace leveraging technology to deliver the fastest harvest-to-retail in the industry. The company focuses on aggregating the fragmented retail demand across the country and linking them to the small fishermen and farmers throughout the Indian coast.The company was founded in 2019 and is based in Bengaluru, India.
  • Rainforest — Rainforest focuses on providing software platforms for payment processing. Rainforest is headquartered in Atlanta, United States.
  • Aaritya Technologies — Because when you trade, we want you to trade like a pro.
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Mark Zaleski
Angel · London, England, United Kingdom · 1 investments in Serbia startups

Mark is an experienced Internet founder and executive. From 2000 to 2007, Mark was CEO for QXL ricardo, a leader of online consumer trading platforms. QXL was the best performing stock on the London Stock Exchange in 2005 and the LSE’s Main Market in 2004. It was sold for nearly £1 billion in 2007. He was also Chairman and CEO of Dailymotion from2007 to 2009. Under his leadership, the Company became the world’s number one independent video-sharing site with over 60 million unique visitors and 1 billion video views per month.Mark is an angel investor, non-Executive Director of Show My Homework, Dynistics and GoCardless and advisor to Spotahome. He has also invested in several other high-growth internet businesses across Europe such as QXL ricardo plc, Dailymotion, Emesa, Digitech, Shutl, Wave Optics, Chirp and Spotahome.

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Investment focus

  • Industry: E-Commerce, Marketplace, Software Engineering
  • Stage:Seed, Angel, Series B
  • Geography: United Kingdom, France, Serbia

Investor stats

  • Total investments: 8
  • Round size: Seed $200k–$2.9M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • RentCheck — RentCheck saves property managers time by allowing tenants to do their own inspections. 90% of customers save over 1 hour per inspection. Recommended by hundreds of property managers.
  • WaveOptics — WaveOptics is a designer and manufacturer of diffractive waveguides for wearable Augmented Reality (AR) devices. The company aims to be the key optical component in wearable augmented reality devices. WaveOptics was founded in 2014 and is headquartered in Abingdon, Oxfordshire.
  • Team Satchel — Creators of market-leading software, Show My Homework, Satchel has developed a powerful range of school software focusing on homework, behavior, classroom management, and teaching resources.Show My Homework has been our brand and our main product since it was launched five years ago. Having seen our company grow to over 70 employees and evolvemultiple products and services, we wanted our brand to encompass everything we offer. Making the change from Show My Homework to Satchel allows us to do this and supports our vision for the future.As a brand, Satchel will provide schools around the globe with exceptional products and a service second-to-none that can be relied upon to help deliver the best learning experience.
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European Union
VC Fund · London, England, United Kingdom · 1 investments in Serbia startups, 23 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 110
  • Round size: Seed $16k–$5.4M; Grant $54k–$15M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • Atlante — The first EV Fastcharging Network enabled by renewables, energy storage and 100% grid-integrated.
  • Tesla — Tesla is accelerating the world's transition to sustainable energy with electric cars, solar and integrated renewable energy solutions for homes and businesses.
  • Mocean Energy — At the forefront of global wave energy industry, Mocean Energy pioneers technology for accessing the untapped potential of ocean waves.
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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, E-Commerce, EdTech
  • Stage:Seed
  • Geography: Romania, Serbia

Investor stats

  • Total investments: 8
  • Round size: Seed $1.1M–$3.2M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • evoMAG — evoMAG is an online portal that offers tablets, laptops, computer equipment, appliances, printers, and various products.
  • Hunch — Hunch empowers you to automate your creative production and media management, to get performance uplifts faster than ever. Get started now.
  • ESX — ESX operates as a fitness subscription startup.
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Credo Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 1 investments in Serbia startups, 10 in the past 12 months

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: 109
  • Round size: Seed $343k–$3.6M; Pre-Seed $429k–$2.1M; Series A $1.8M–$11M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
  • ElevenLabs — Research Lab. Exploring new frontiers of voice generation. We are researching and deploying novel methods in voice AI to make content enjoyable in any language and voice to benefit new audiences and viewers. Our mission is to make content universally accessible in any language & voice.
  • Continuum Industries — Continuum Industries is a developer of Optioneer, the leading software for linear infrastructure optioneering.
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Tihomir Bajic
Angel · San Francisco, California, United States · 1 investments in Serbia startups

Tihomir Bajic is the CEO of LTSE Software.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Tenderly — Ethereum developer platform that enables you to build innovative blockchain products.
  • LeadDelta — LeadDelta aspires to be a single workspace for your company’s relationships. As B2B professionals, whether you are fundraising, hiring, marketing, or selling, your chances of success grow exponentially when you do it collaboratively across the team to build one integrated and cross-referenced professional network.
  • Orgnostic — Fast track to the insights behind your people data with Orgnostic, the people analytics platform for strategic HRs.
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Investor funding in Serbia at a glance

Stats across 45 deals from 48 investors.

48
investors
in Serbia startups
45
deals
in Serbia startups
$555k
median round
in Serbia startups
31%
lead investors
lead at least one round
40%
Seed
most common funding stage
73/27
VC / Angel
share of investor count

Access all 48 investors in Serbia startups.

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