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Top 10 Software Startup Investors in Serbia (May 2026)

The most active venture capital funds and angel investors investing in Serbia Software startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Serbia Software startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
South Central Ventures
VC Fund
6 Serbia, United Kingdom, United States Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $32k–$5.4M
Version One Ventures
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B Software, Internet, Blockchain $1M–$100M
Eleven Ventures
VC Fund
2 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$1.1M
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $800k–$40M
Tihomir Bajic
Angel
1 Serbia, United States Seed, Pre-Seed Software, Analytics, Social Media
Ronyp Kahan
Angel
1 United States, United Kingdom, Serbia Seed, Series B, Series A Software, SaaS, B2B $1M–$3M
Accel
VC Fund
1 United States, India, United Kingdom Series A, Series B, Series C Software, SaaS, E-Commerce $3.5M–$110M
SeedBlink
VC Fund
1 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, Information Technology, SaaS $123k–$27M
Script Capital
VC Fund
1 United States, China, India Seed, Pre-Seed, Series A Software, Internet, Cryptocurrency $400k–$6M
Earlybird Venture Capital
VC Fund
1 Germany, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, Health Care $1.2M–$40M
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Investor list

South Central Ventures
VC Fund · Belgrade, Vojvodina, Serbia · 6 investments in Serbia Software startups

South Central Ventures is dedicated to investments in startups, small and medium globally oriented technology companies in SE Europe.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, 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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Version One Ventures
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Serbia Software 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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Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Serbia Software 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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Point Nine
VC Fund · Berlin, Berlin, Germany · 2 investments in Serbia Software 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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Tihomir Bajic
Angel · 1 investments in Serbia Software startups

Tihomir Bajic

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Investment focus

  • Industry: Software, Analytics, Social Media
  • Stage:Seed, Pre-Seed
  • Geography: Serbia, United States

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Orgnostic — Fast track to the insights behind your people data with Orgnostic, the people analytics platform for strategic HRs.
  • Aesthetic — Aesthetic is the easiest way to discover and purchase NFTs across chains.
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Ronyp Kahan
Angel · Austin, Texas, United States · 1 investments in Serbia Software startups

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

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Investment focus

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

Investor stats

  • Total investments: 18
  • Round size: Seed $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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Accel
VC Fund · Palo Alto, California, United States · 1 investments in Serbia Software 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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Script Capital
VC Fund · San Francisco, California, United States · 1 investments in Serbia Software startups, 6 in the past 12 months

122WEST is a venture capital firm focusing on early-stage internet and software investments. The firm seeks to invest in Information technology, software, internet of things, SaaS, fintech, mobile, infrastructure, big data, and cryptocurrency sectors. It was founded in 2016 and is based in San Francisco, California.

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Investment focus

  • Industry: Software, Internet, Cryptocurrency
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, China, India

Investor stats

  • Total investments: 40
  • Round size: Seed $945k–$6M; Pre-Seed $400k–$1.8M; Series A $5M–$5.5M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Anytype — for those who celebrate trust & autonomy.
  • Cycle App — Cycle is a horizontal platform made of flexible building blocks that you can use in customizable workflows. Your way of working shouldn't depend on your tools, they built Cycle so that product teams could ship the way that works for them.
  • Gleen AI — Delight your customers. Get Gleen, the world's most accurate & capable generative AI-based chatbot. Trustworthy answers. Automatic actions. Unify knowledge.
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Earlybird Venture Capital
VC Fund · Berlin, Berlin, Germany · 1 investments in Serbia Software 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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Software Investor funding in Serbia at a glance

Stats across 15 deals from 30 investors.

30
investors
in Serbia Software startups
15
deals
in Serbia Software startups
$447k
median round
in Serbia Software startups
27%
lead investors
lead at least one round
47%
Seed
most common funding stage
73/27
VC / Angel
share of investor count

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