Serbia startup funding
European tech funding profile
29 startups in Serbia have closed 25 funding rounds and raised €208M in equity funding (excluding debt and grants) and recorded 11 exits. Debt rounds added €17M. Software is the most active sector, and South Central Ventures is the most active investor. Data as of 4 Nov 2026.
#35 in Europe by equity raised — 0.0% of all European startup equity funding.
Equity funding
€208M
excl. debt & grants · +€17M debt
Funding rounds
25
Companies
29
Named investors
87
Exits
11
Funding over time
2010–2026 · 2026 YTD — equity € raised vs roundsSerbia — funding over time — interactive chart.
Data table
| Equity | Rounds | |
|---|---|---|
| 2014 | €25k | 2 |
| 2015 | €100k | 1 |
| 2016 | €1.7M | 2 |
| 2018 | €2.5M | 2 |
| 2021 | €20M | 4 |
| 2022 | €167M | 4 |
| 2023 | €9.5M | 3 |
| 2024 | €2.8M | 3 |
| 2025 | €1.5M | 1 |
| 2026 | €2.3M | 3 |
Fastest growing sectors
2025 vs 2024 by € raisedNot enough 2024–2025 data to rank growth.
Top sectors
by deal countSerbia — top sectors — interactive chart.
Data table
| Serbia — top sectors | |
|---|---|
| Software | 14 |
| Fintech | 3 |
| Foodtech | 1 |
| Proptech | 1 |
| E-commerce | 1 |
| AI | 1 |
| Gaming | 1 |
| Semiconductors | 1 |
| Cybersecurity | 1 |
| Edtech | 1 |
Stage mix
by € raisedSerbia — stage mix — interactive chart.
Data table
| Serbia — stage mix | |
|---|---|
| Other | €135M |
| Series B | €37M |
| Seed | €20M |
| Debt | €17M |
| Series A | €14M |
| Pre-Seed | €2.3M |
| Grant | €117k |
Top deals
largest disclosed rounds| Company | Stage | Date | Amount |
|---|---|---|---|
| HTEC Group | Other | Jan 2022 | €123M |
| Tenderly | Series B | Mar 2022 | €37M |
| Two Desperados | Debt | Jun 2026 | €17M |
| Tenderly | Series A | Jul 2021 | €13M |
| ShapesXR | Seed | Aug 2023 | €7.8M |
| Orgnostic | Seed | Oct 2021 | €4.3M |
| Hunch | Other | May 2022 | €4.0M |
| Streamflow | Seed | May 2022 | €2.9M |
| SuperPlane | Pre-Seed | Jun 2026 | €2.3M |
| Content Insights | Other | Feb 2018 | €2.0M |
Top investors
named, by deal count| South Central Ventures | 5 |
| Eleven Accelerator Venture Fund | 4 |
| Credo Ventures | 4 |
| Mirko Novakovic | 2 |
| Guillermo Rauch | 2 |
| Fiedler Capital | 2 |
| Tihomir Bajic | 2 |
| SeedBlink | 2 |
| Earlybird Venture Capital | 2 |
| Smok Ventures | 2 |
Top cities
by € raised| Belgrade | €213M | 20 | |
| Novi Sad | €12M | 3 | |
| Nis | €117k | 1 | |
| Subotica | €0 | 1 |