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Top 15 VC Funds & Investors in Serbia (May 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
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
Earlybird Venture Capital
VC Fund
2 Germany, United States, United Kingdom Series A, Seed, Series B Software, Information Technology, Health Care $1.2M–$40M
Version One Ventures
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B Software, Internet, Blockchain $1M–$100M
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $800k–$40M
Script Capital
VC Fund
1 United States, China, India Seed, Pre-Seed, Series A Software, Internet, Cryptocurrency $400k–$6M
Kirov Group Ventures
VC Fund
1 Russian Federation, Serbia, Romania Seed SaaS, Software, PaaS $118k–$300k
Flat6Labs
VC Fund
1 Egypt, United Arab Emirates, Saudi Arabia Seed, Pre-Seed Software, E-Commerce, Apps $15k–$300k
ICT Hub Venture
VC Fund
1 Serbia Pre-Seed Software, Web Design, Web Hosting
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
European Union
VC Fund
1 United Kingdom, United States, Germany Grant, Seed Health Care, Information Technology, Medical Device $16k–$15M
Accel
VC Fund
1 United States, India, United Kingdom Series A, Series B, Series C Software, SaaS, E-Commerce $3.5M–$110M
Access all 35 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 · 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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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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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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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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Script Capital
VC Fund · San Francisco, California, United States · 1 investments in Serbia 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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Kirov Group 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: 5
  • Round size: Seed $118k–$300k
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Ivitech — IVITECH financial platform works in SEA region and develop unique scoring models for risk evaluation and risk management.
  • HintEd.me — Digital Adoption Platform. Employees software training, Customers onboarding, support automation. Easily create on-screen step-by-step guides for web and Windows applications
  • Pro Control — Pro Control specializes in the field of industrial automation, electric motor drives and electrical installations.
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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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Access 48,091 investors

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

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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: Software, Web Design, Web Hosting
  • Stage:Pre-Seed
  • Geography: Serbia

Investor stats

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

Portfolio highlights

  • 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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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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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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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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VC funding in Serbia at a glance

Stats across 43 deals from 35 investors.

35
investors
in Serbia startups
43
deals
in Serbia startups
$573k
median round
in Serbia startups
43%
lead investors
lead at least one round
42%
Seed
most common funding stage

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