Investors in Serbia

Showing 1-50 out of 184 matches

European Bank for Reconstruction & Development

The European Bank for Reconstruction and Development (EBRD) is an investment firm established in 1991 to support the development of market economies and democracies in Central and Eastern Europe and Central Asia. As the largest single investor in the region, the EBRD focuses on private enterprises, investing primarily in minority equity positions and participating in private equity funds that target medium-sized companies seeking expansion. The firm mobilizes significant foreign direct investment and provides project financing for a variety of sectors, including banking, industry, and municipal services. It collaborates with publicly owned companies to facilitate privatization and restructuring efforts. The EBRD operates in countries committed to democratic principles and emphasizes strong corporate governance and environmental respect in all its investments. With a portfolio exceeding €130 billion across over 5,200 projects, the EBRD has also extended its financing initiatives to the Middle East and Africa, leveraging its expertise to foster economic growth and transformation.
Made 6 investments in Serbia

South Central Ventures

South Central Ventures is a venture capital firm established in 2015, with its headquarters in Belgrade, Serbia, and additional offices in Zagreb, Croatia; Ljubljana, Slovenia; and Skopje, Macedonia. The firm specializes in both direct and fund of fund investments, focusing primarily on early stage and growth investments in the technology sector, which includes Information and Communications Technology (ICT), SaaS, mobile, IoT, HealthTech, FinTech, and digital media. South Central Ventures aims to support small and medium enterprises in the Balkans, investing up to €0.5 million in total per company, with a maximum of €0.1 million for seed stage investments and up to €3 million for early and growth stage investments. The firm seeks to take equity stakes between 25 percent and 49 percent in its portfolio companies, prioritizing those with strong management teams and significant growth potential.
Made 12 investments in Serbia

LAUNCHub Ventures

LAUNCHub Fund, managed by LAUNCHub Ventures, is a venture capital firm established in 2012 and based in Sofia, Bulgaria. The fund focuses on seed and Series A investments in digital startups throughout Southeastern Europe. It primarily targets sectors such as information technology, SaaS, health-tech, e-commerce, and IoT, though its investment scope is not limited to these areas. With a total management of €30 million, LAUNCHub Fund typically invests between €300,000 and €700,000 per company, with the possibility of expanding investments up to €1.5 million. The firm aims to support early-stage companies that demonstrate strong growth potential in both enterprise and consumer markets.
Made 3 investments in Serbia

SEAF

SEAF is a global investment firm that specializes in providing growth capital and operational support to businesses in emerging markets, particularly those underserved by traditional financial sources. Established in 1989 in Washington, D.C., as a subsidiary of the development organization CARE, SEAF focuses on investing in locally owned enterprises with significant growth potential. The firm operates in 18 countries, with a strong presence in Central and Eastern Europe, as well as fund operations in Asia and Latin America. SEAF employs a strategy of making structured debt and equity investments while actively partnering with entrepreneurs to enhance their business capabilities. Its investment approach emphasizes economic development, diversity, inclusion, and measurable impacts in local communities, targeting sectors such as tourism, education, logistics, healthcare, and technology. SEAF aims to create attractive returns for its investors while fostering sustainable growth in the regions it serves.

Nevsun Resources

Nevsun Resources Ltd. is a mining company engaged in the exploration and development of mineral properties in Europe, Africa, and North America, focusing primarily on gold, copper, zinc, and silver deposits. Its key assets include the Timok project, a copper-gold development project in Serbia, and the Bisha copper-zinc mine in Eritrea, which has transitioned to commercial production of gold and silver. Additionally, the company holds exploration licenses in Serbia and Macedonia, as well as in the Bisha mining district. Founded in 1965 and headquartered in Vancouver, Canada, Nevsun operates as a subsidiary of Zijin Mining Group Company Limited. The company is committed to sustainable development, emphasizing safety, human rights, integrity, and community support in its operations. Through its initiatives, Nevsun aims to create long-term benefits for communities and maximize shareholder value.
Made 1 investments in Serbia

HTEC Group

HTEC Group is a technology consulting and engineering services firm based in San Francisco, with additional offices in Serbia, Scandinavia, and the UK. The company employs over 300 engineers and technology experts who specialize in product development, hardware engineering, data science, artificial intelligence, and scalable cloud solutions. HTEC Group focuses on assisting clients with their digital transformation strategies, offering services that include product discovery, design, technology advisory, and operational support. By partnering with both established corporations and innovative startups, HTEC aims to deliver integrated technological solutions that enhance business processes and facilitate the development of new products and services. The company serves a variety of industries, such as healthcare, transportation, real estate, retail, energy management, and robotics, contributing to products that impact millions globally.
Made 1 investments in Serbia

Lead Ventures

Lead Ventures is a venture capital firm based in Budapest, Hungary, that focuses on financing scale-ups and emerging growth companies in Central and Eastern Europe. Established in 2017, it specializes in investments across various sectors, including mobility, energy and sustainability, as well as B2B services, software, chemicals, IoT, and retail. The firm typically invests between €1 million and €10 million, targeting dynamic teams with strong growth potential and validated market solutions. With €100 million under management, Lead Ventures is backed by MOL, a leading energy company in the region, along with two financial institutions dedicated to supporting the startup ecosystem. The firm aims to empower promising ventures with not only capital but also experience and a robust professional network, fostering innovation to transform industries.
Made 1 investments in Serbia

Global Finance

Global Finance is an independent investment firm based in Athens, Greece, founded in 1991. The firm specializes in private equity and venture capital, focusing on management buyouts, middle market, turnaround, and growth capital investments, particularly in underperforming companies. It targets industries such as manufacturing, information technology, specialty retail, media, telecommunications, services, and real estate across Greece and Southeast Europe, including Bulgaria, Romania, Russia, and Serbia. Global Finance typically invests up to €40 million in Greek companies and up to €15 million in Eastern European ventures, making both minority and majority investments. The firm also engages in real estate development and provides advisory services. It aims for exits within three to six years through various methods, including trade sales, IPOs, and management buybacks. With additional offices in Sofia, Bucharest, and Belgrade, Global Finance has played a significant role in developing private equity and venture capital in the Southeast European market.
Made 1 investments in Serbia

3TS Capital Partners

3TS Capital Partners is a private equity and venture capital firm headquartered in Helsinki, Finland, founded in 1999. The firm specializes in providing growth capital and buyout funding to small and medium-sized businesses, with a strong emphasis on technology and related sectors, including media, communications, and technology-enabled services. It primarily focuses on investment opportunities in Central and Eastern Europe, particularly in European Union accession countries, but may also consider exceptional cases in Ukraine and Turkey. The firm typically invests between €1 million and €30 million in companies with enterprise values ranging from €1.5 million to €300 million, often seeking significant minority or majority stakes. 3TS aims to enhance the value of its portfolio companies through active partnership and strategic support, while planning to exit investments within three to five years through sales or initial public offerings. The firm has garnered over €300 million from various investors, including prominent financial institutions and corporations.
Made 1 investments in Serbia

MSIN Group

MSIN Group, founded in 2002 and based in Ljubljana, Slovenia, is a private equity firm focused on investing in mid-sized Slovenian companies across various sectors. The firm targets industries such as proprietary technologies, security printing and packaging, traffic management, microelectronics, alternative energies, sustainable food and agriculture, as well as mining and quarrying. Additionally, MSIN aims to invest in commercial real estate, including parking spaces and warehouses. The company supports its portfolio through expert guidance in restructuring, optimization, and business development, enabling firms to achieve faster growth, enhance competitiveness, and improve operational transparency.

iEurope Capital

iEurope Capital, established in 2001 by Laszlo Czirjak and Kristina Perkin Davison, is a venture capital firm based in New York. The firm focuses on investing in medium- to small-sized companies primarily located in Central Eastern Europe, with interests spanning various sectors including healthcare technology, e-commerce, media, specialized industrial technology, information technology, technology-enabled business services, consumer products, and green and clean technology. iEurope Capital aims to support entrepreneurial managers in building and maintaining significant leadership positions within their industries. With a strong network of partners, investors, and advisors, the firm leverages its professional expertise and local market knowledge to identify and nurture promising companies, helping them achieve their growth potential. Its recent funds, particularly iEurope Fund I and II, have demonstrated notable performance, achieving significant annual returns for investors.

Eyemaxx Real Estate

EYEMAXX Real Estate AG operates in real estate sector. It acquires, develops, runs and builds commercial properties in Central Europe. It undertakes projects in fields such as logistic centers and tailor-made solutions. Geographically, all the activities are functioned through the region of Germany.

Telekom Slovenije

Telekom Slovenije is a telecommunications operator based in Slovenia, established in 1995. The company provides a wide range of communications services, including fixed and mobile communication, digital and television content, multimedia services, and digital advertising. Additionally, Telekom Slovenije engages in the construction and maintenance of telecommunication networks, as well as offering system integration and cloud computing services. While the majority of its revenue is generated from operations in Slovenia, the company also maintains a presence in several other countries, including Kosovo, Bosnia and Herzegovina, Croatia, and Serbia.

Cogito Capital Partners

Cogito Capital Partners is a venture capital firm established in 2018, with headquarters in Warsaw, Poland, and additional offices in Luxembourg, New York, and Berlin. The firm specializes in providing growth and late-stage venture capital to emerging technology companies, primarily focusing on B2B sectors such as enterprise software, fintech, insurtech, and mobility. Cogito aims to invest in companies that demonstrate potential for global expansion, particularly in the Central and Eastern European markets as well as the United States. The firm typically acquires minority stakes in its portfolio companies, partnering with entrepreneurs who seek strategic investors with regional presence and global reach.

Zühlke

Zühlke Ventures AG is the venture capital arm of Zühlke Technology Group AG, based in Zurich, Switzerland, with an additional office in Porto, Portugal. Established in 2011, it specializes in financing early-stage start-ups and providing growth capital, primarily in the healthtech, technology, and medical devices sectors. The firm focuses on investments in Switzerland, the United States, and German-speaking Europe, including Austria and Germany. Zühlke Ventures typically invests between CHF0.5 million and CHF1 million in companies with an enterprise value ranging from CHF0.5 million to CHF5 million. Acting as both investors and co-entrepreneurs, they hold minority stakes and invest from their own capital, aiming for exits within six to ten years through trade sales. Zühlke has a long history, having been founded in 1968, and operates local teams across several countries, facilitating the entire business innovation process from idea to market success.

EMF Capital Partners

EMF Capital Partners Limited is a private equity firm based in London, specializing in investments in financial institutions, particularly within the insurance sector, encompassing both life and non-life insurers. Established in 2011, the firm focuses on emerging markets across Europe, Asia, and Africa, with specific interest in countries such as Albania, Turkey, and Ukraine. EMF Capital aims to invest between $5 million and $20 million, typically seeking a majority stake in its portfolio companies. The firm has additional offices in Moscow and Istanbul, emphasizing its commitment to connecting capital consumers in emerging markets with capital providers in developed markets.

Gecad Ventures

Gecad Ventures is a venture capital firm based in Bucharest, Romania, founded in 1992. The firm focuses on investing in start-up and expansion-phase hi-tech companies from Central and Eastern Europe that demonstrate significant potential for international growth. Gecad Ventures targets a variety of sectors, including cybersecurity, fintech, artificial intelligence and machine learning, augmented and virtual reality, transportation, the Internet of Things, and agritech. By investing between €1-7 million in equity, Gecad Ventures aims to foster strong strategic relationships with founding teams and support them in achieving their business goals. With over 20 years of experience, the firm has a history of successful exits, including partnerships with major companies such as Microsoft and Fitbit.

Elements Capital Partners

Elements Capital Partners is a private equity investment firm founded in 2010 and based in Nicosia, Cyprus. The firm specializes in a range of financial services, including private equity investments, debt restructuring, investor placement, and execution services. Through its diverse offerings, Elements Capital Partners aims to provide strategic financial solutions to its clients, facilitating growth and enhancing value in various investment opportunities.

Xevin Investments

Xevin Investments is a venture capital firm established in 2008 and based in Warsaw, Poland. The firm specializes in providing investment and advisory services, focusing on both early-stage companies that require capital to advance their business objectives and established firms seeking additional funding to reach critical milestones. Xevin Investments is particularly interested in sectors such as software as a service, education technology, financial technology, digital health, advertising technology, Internet of Things, and e-commerce. Through its investments, the firm aims to support innovation and growth across these diverse industries.

Avallon

Avallon Sp. z o.o. is a private equity firm based in Lodz, Poland, established in 2001. It specializes in small to mid-sized management buyouts and other investment strategies, focusing on high-growth companies across various sectors, including orthopedics, rehabilitation, fast-moving consumer goods, and manufacturing. The firm typically invests between €4 million and €15 million, with the potential for transaction values to reach €30 million through debt or co-investment. Avallon prefers to acquire a majority stake, aiming for a minimum share of 30% in the companies it invests in. It targets businesses with annual sales between PLN 50 million and PLN 250 million, primarily in Central and Eastern Europe, with a strong emphasis on Poland. The firm does not engage in investments related to industries such as gambling, alcohol, tobacco, or defense and seeks to exit its investments within three to seven years. Through over 100 capital investments, Avallon collaborates closely with management teams, providing them with expertise and resources to drive growth.

BlackPeak Capital

BlackPeak Capital is a private equity and venture capital firm founded in 2014 and headquartered in Sofia, Bulgaria, with additional offices in Bucharest, Ljubljana, and Vienna. The firm specializes in early and mid-venture investments, mezzanine financing, and small buy-outs, focusing on high-growth small and medium-sized enterprises in Southeast Europe, particularly in Romania, Bulgaria, Slovenia, Croatia, and Serbia. BlackPeak Capital invests in various sectors, including niche manufacturing, FMCG, information technology, industrials, and healthcare, while specifically avoiding industries such as gambling, logging, and financial institutions. The firm typically invests between €4 million and €10 million per transaction, either as single investments or in multiple tranches, taking significant minority or majority stakes. It engages in co-investments alongside other institutional and individual investors and aims for exits through trade sales or IPOs. BlackPeak Capital is also supported by the European Investment Fund under the JEREMIE initiative, which promotes SME growth in the region.

Turkven

Turkven is a private equity firm based in Istanbul, Turkey, established in 2000. With assets under management of $2 billion, the firm focuses on both equity and debt investments across various sectors, including energy, healthcare, retail, consumer goods, technology, and manufacturing. Turkven's team of investment professionals brings extensive experience and insights to portfolio management, emphasizing a culture of company-building and sectoral expertise. The firm has consistently partnered with leading companies, demonstrating a commitment to fostering growth and development within its investment landscape.

Integral Venture Partners

Integral Venture Partners is a private equity firm established in 2019, headquartered in London, United Kingdom, with additional offices in Budapest, Hungary, and Belgrade, Serbia. The firm specializes in growth capital investments, focusing on central and south-eastern Europe. Integral Venture Partners seeks to invest up to EUR25 million in companies with significant growth and value-add potential across various sectors, including technology, media, and telecommunications (TMT), healthcare, consumer goods and services, B2B services, and niche manufacturing. As an independently owned firm, it aims to identify and support businesses that demonstrate strong prospects for development and profitability.

Fiedler Capital

Fiedler Capital is a venture capital firm established in 2014, headquartered in Vienna, Austria, with operations in Budapest, Hungary. The firm specializes in investing in seed and early-stage startups, primarily in the healthcare, medical technology, software, mobile applications, and data analytics sectors. Fiedler Capital focuses on companies within the Central and Eastern Europe (CEE) and Baltic regions, leveraging a strong network of local partnerships to support entrepreneurial talent. The firm is dedicated to helping these startups develop world-class business models and achieve sustainable growth in international markets.

Royalton Partners

Royalton Partners is a private equity and venture capital firm founded in 1996 and headquartered in Luxembourg, with additional offices in Romania, Hungary, and Switzerland. The firm specializes in equity investments in late-stage venture, buyouts, and restructuring of underperforming companies. It targets a diverse range of sectors, including financial services, media, education, retail, green energy, telecommunications, and environmental services, without confining its strategy to specific industries. Royalton Partners primarily focuses on opportunities in Central and Southeastern Europe, particularly in countries that are candidates for European Union accession. The firm typically invests between $6.92 million and $23.53 million in companies with EBITDA ranging from $1.38 million to $8.3 million and aims to acquire a majority stake in its portfolio companies. The firm is also recognized as an authorized Alternative Investment Fund Manager, managing illiquid assets within closed and open-ended fund structures.

Core Equity Holdings

Core Equity Holdings is a private equity investment firm established in 2015 and headquartered in Brussels, Belgium. The firm focuses on making long-term investments in the retail and commercial services sectors across Europe. By targeting these industries, Core Equity Holdings aims to identify growth opportunities and generate sustainable returns for its investors.

Bancroft 2

Bancroft 2 is a buyout fund managed by Bancroft Private Equity, which was founded in 1989 and is based in the Channel Islands, United Kingdom. Launched in November 2002, Bancroft 2 expanded its investment focus to include Turkey alongside Eastern Europe. The fund primarily targets mid-market investments across various sectors, including commercial products, consumer durables, industrials, and telecommunications, media, and technology. Bancroft Private Equity specializes in private equity investments and has a history of providing mergers and acquisition advice, as well as making direct acquisitions for its own account. The firm’s strategic approach encompasses investments in financial services, consumer goods, and transportation, reflecting its commitment to enhancing value in the regions it serves.

Simest

Simest is a financial firm based in Rome, Italy, established in 1991, that specializes in supporting the international development of Italian enterprises. The firm invests in foreign companies outside the European Union, acquiring up to 49% of their equity capital, either in wholly-owned subsidiaries or joint ventures with local partners. Simest offers various forms of financing, including start-up and growth capital, as well as participation in buyouts. Its investment focus includes regions such as BRIC, the Americas, and the Middle East, targeting sectors like business services, consumer products, and manufacturing. Additionally, Simest provides technical assistance and advisory services to Italian companies looking to expand internationally. The firm is affiliated with the European Development Finance Institutions and the Italian Venture Capital and Private Equity Association.

Startup Wise Guys

Startup Wise Guys, founded in 2012 and based in Tallinn, Estonia, is a prominent early-stage investor and accelerator in the Central and Eastern European (CEE) region and the Nordics. The organization has accelerated over 165 startups, primarily in B2B SaaS, fintech, and cybersecurity, achieving a startup survival and success rate exceeding 77%. Its intensive three-month accelerator program focuses on product validation, development, and sales to business customers, supported by a network of over 200 international and local mentors. The program culminates in Demo Days and major tech events where startups present their ventures to potential investors. Additionally, participants gain access to an alumni community of more than 145 startups across 40 countries and exclusive alumni events centered on business development and fundraising. Startup Wise Guys also manages dedicated funds targeting various sectors, including an Africa Fund that invests in fintech, health tech, and digital SaaS, among others.

Pro Partners Holding

Founded in 1992, Pro Partners Holding is a private equity firm based in Bratislava, Slovakia. The firm seeks to make investments in the finance, real estate, renewable energy, and healthcare sectors in Central and Eastern Europe.

Alfabeat

Alfabeat is a venture capital firm based in Gdansk, Poland, with an additional office in Warsaw. Founded in 2015, the firm specializes in seed and early-stage investments in B2B enterprise software start-ups, primarily targeting companies in Central and Eastern Europe. Alfabeat aims to tap into the region's emerging technology hubs and engineering talent, addressing the challenges of limited capital and connections within the global ecosystem. By supporting startup founders, Alfabeat seeks to foster the development of companies with the potential to achieve global success and create significant market impact.

Speedinvest

SpeedInvest GmbH is a venture capital firm based in Vienna, Austria, founded in 2011. It specializes in early-stage investments, focusing on technology-related startups across Europe, particularly in sectors such as deep tech, fintech, insurtech, consumer tech, and marketplaces. The firm typically invests between €0.25 million and €3 million in pre-seed, seed, and Series A stages, while preferring to acquire minority stakes of up to 20% in its portfolio companies. SpeedInvest aims to be actively involved in the companies it invests in, often taking on operational roles for six months to one year. With additional offices in cities like San Francisco, Berlin, Paris, and London, SpeedInvest leverages a global network to support entrepreneurs in building successful businesses, thus contributing to the development of Europe’s startup ecosystem.

Rockaway Capital

Rockaway Capital is a venture capital investment firm established in 2013 and based in Prague, Czech Republic. It focuses on multi-stage investments primarily in sectors such as e-commerce, e-travel, media, fintech, and blockchain. The firm's operations extend across the DACH, CEE, and Balkans regions, targeting opportunities that leverage new technologies to disrupt traditional business models. Rockaway Capital actively engages with its portfolio companies, contributing expertise and management support to drive growth. As of 2019, the firms under its management generated aggregated sales exceeding EUR 2.5 billion and employed over five thousand people across 17 European countries. The firm also manages a venture capital fund that seeks ESG investments and typically invests around EUR 15 million in various projects across several European nations.

bValue Venture Capital

bValue Fund is a venture capital firm based in Warsaw, Poland, focused on investing in pre-seed, seed, and early-stage companies across various sectors. Established in 2016, the firm primarily targets enterprises within the CEE region, particularly in Poland and Ukraine. Its investment strategy emphasizes industries undergoing digital transformation, including hi-tech, engineering, fintech, logistics, healthcare, and e-commerce. bValue Fund typically invests between €0.25 million and €1 million in companies that demonstrate potential for growth, preferably those with recurring revenues or a minimum viable product. The firm seeks minority stakes in its portfolio companies and leverages the extensive experience and networks of its management team and investors to help businesses scale and navigate challenges. With a diversified portfolio, bValue Fund aims to support innovative solutions that have the potential to become global leaders.

ARX Equity Partners

ARX Equity Partners is a private equity firm based in Prague, Czech Republic, with additional offices in Budapest, Hungary, and Warsaw, Poland. Founded in 1996, the firm specializes in mid-market investments across various sectors, including financial services, consumer goods, healthcare, business services, and technology. ARX focuses on expansion financing, management buyouts, buy-ins, and industry consolidation transactions, primarily targeting later-stage companies in Central and Eastern Europe. It seeks to invest between €3 million and €15 million in companies with a minimum EBITDA of €1 million, and it considers both majority and minority ownership positions. The firm is particularly interested in management or family-owned enterprises that are looking to divest subsidiaries. ARX plans to exit investments through trade sales within a timeframe of three to six years. Its investment strategy emphasizes companies engaged in the production of goods and the provision of services, reflecting a diverse portfolio approach.

Portobello Capital

Portobello Capital is an independent mid-market private equity manager based in Madrid, Spain, established in 2010. The firm focuses on investing in growing businesses across Southern Europe, particularly in sectors such as food, manufacturing, and services. With approximately 1.3 billion euros in capital committed and under management, Portobello Capital employs a team of thirty professionals and manages a diverse portfolio of fifteen companies. The firm primarily attracts institutional international investors, who represent 88% of its funding commitments. Portobello Capital aims to create long-lasting value through innovative thinking and a bold approach to investment, challenging conventional methods in the pursuit of sound business rationale.

212

212 Limited is a venture capital firm established in 2011 and based in Luxembourg City, Luxembourg. The firm specializes in start-up to late venture investments, primarily focusing on internet, communication, and technology sectors, including software, social gaming, eCommerce, mobile applications, social media, and cloud services. It targets investment opportunities in Turkey, the Central and Eastern European (CEE) region, and the Middle East and North Africa (MENA) region. 212 Limited typically invests between $0.5 million and $3 million in portfolio companies and generally prefers to acquire minority stakes. The firm is driven by a vision to cultivate a robust ecosystem in Turkey and its surrounding areas, leveraging the diverse expertise of its team members.

ESPIRA Investments

ESPIRA Fund I is a private equity growth expansion fund managed by ESPIRA Investments, a Prague-based investment firm established in 2016. The fund focuses on early-stage and mid-market investments in small and medium-sized enterprises across Central and Eastern Europe, specifically targeting the consumer durable, service, and manufacturing sectors. With investments ranging from EUR 1 to EUR 3 million per company, ESPIRA Fund I aims to partner with high-potential businesses and their owners to accelerate growth and enhance market share. The firm emphasizes impact investing, prioritizing companies that aim for positive social and environmental outcomes. By combining capital infusion with strategic expertise from a network of experienced professionals, ESPIRA fosters transparent collaborations that respect each company's unique culture and values.

RCM Technologies

RCM Technologies, Inc. is a provider of business and technology solutions across the United States, Canada, Puerto Rico, and Serbia. The company operates through three main segments: Engineering, Specialty Health Care, and Information Technology. The Engineering segment delivers a wide range of services, including project management, engineering design, quality assurance, and configuration management. The Specialty Health Care segment offers staffing and placement services for various healthcare professionals, including therapists and nurses, while also providing a full suite of care services to hospitals and facilities. The Information Technology segment focuses on enterprise business solutions, infrastructure solutions, and productivity enhancements tailored to various industries. RCM Technologies serves clients in sectors such as aerospace and defense, energy, financial services, healthcare, and education. Founded in 1971 and headquartered in Pennsauken, New Jersey, RCM Technologies has established a strong reputation for delivering effective solutions that enhance operational performance for both commercial and government clients.

Addiko Bank

Addiko Bank AG is an international banking group headquartered in Vienna, Austria, providing a comprehensive range of financial products and services across Croatia, Slovenia, Serbia, Bosnia and Herzegovina, Montenegro, Austria, and Germany. The bank caters to a diverse clientele, including private individuals, small and medium-sized enterprises, and public institutions, with offerings such as personal loans, mortgage loans, consumer finance, working capital and investment loans, trade finance, and daily banking services. In addition to traditional banking services, Addiko Bank emphasizes digital solutions, including online deposit services and mobile banking. As of the end of 2019, the bank operated a network of 179 branches and served approximately 860,000 clients. The Addiko Group, which has been operating under this name since 2016, is directly owned by AI Lake (Luxembourg) S.á r.l. and backed by funds advised by Advent International and the European Bank for Reconstruction and Development (EBRD).

Nortal

Nortal AS is a multinational strategic change and technology company headquartered in Tallinn, Estonia, with additional offices across multiple countries, including Finland, Lithuania, Oman, Serbia, Sweden, the United Arab Emirates, Germany, and the United States. Founded in 1998, the company focuses on simplifying and optimizing processes for governments, businesses, and healthcare sectors through a combination of strategic insights and data-driven technology. Nortal provides a comprehensive range of services, including consulting, software development, system integration, user experience design, and big data analytics. The company aims to build a seamless society by enabling clients to bridge the gap between strategy and implementation. Employing over 800 specialists, Nortal carries out high-impact projects across Europe, the Middle East, Africa, and North America, leveraging its experience in digital transformation to drive significant change.

Medicover

Medicover AB is an international provider of healthcare and diagnostic services, established in 1995 and headquartered in Stockholm, Sweden. The company operates primarily in Poland, Germany, Romania, and Ukraine, and has expanded its reach to several other countries, including Belarus, Moldova, Serbia, Turkey, Georgia, Bulgaria, Sweden, India, and Hungary. Medicover functions through two main divisions: Healthcare Services and Diagnostic Services. Its diagnostic offerings encompass a wide range of tests, such as allergy and autoimmune diagnostics, microbiology, and molecular biology. In addition to diagnostic services, Medicover provides various healthcare services, including outpatient and inpatient care, fertility treatments, dental services, and elderly care. The company maintains a substantial infrastructure, with 96 clinical laboratories, 670 blood-drawing points, and numerous clinics and hospitals across its operating regions. Medicover serves both corporate and private customers, aiming to meet the increasing demand for high-quality healthcare services.

Enterprise Investors

Enterprise Investors, founded in 1990 and based in Warsaw, Poland, is the oldest and one of the largest private equity firms in Central and Eastern Europe. The firm specializes in mid-market succession-driven buyout transactions and provides expansion financing to high-growth companies across various sectors, including consumer goods, retail, financial services, IT, industrial products, business process outsourcing, and healthcare. With a total capital exceeding EUR 2 billion, Enterprise Investors has raised eight funds and has invested EUR 1.7 billion in 137 companies. The firm's focus on medium-sized enterprises positions it as a key player in the region's private equity landscape.

Profimedia

Profimedia is the largest photo bank in Central Europe, established in 2000 and headquartered in the Czech Republic. The company operates across multiple countries, including Slovakia, Hungary, Slovenia, Croatia, Serbia, Bulgaria, Ukraine, and Romania. Profimedia offers a diverse collection of over 100 million images, selling more than 20,000 photos each month. It provides licensing for photographs taken by various photographers worldwide, catering primarily to media houses, advertising agencies, and graphic studios. The images cover a wide range of categories, including news, celebrities, fashion, food, garden, portraits, and paparazzi, enabling clients to utilize them across magazines, newspapers, websites, advertisements, and television.

NEVEQ

NEVEQ, or New Europe Venture Equity, is a venture capital firm established in 2006 and headquartered in Sofia, Bulgaria. The firm specializes in seed and early-stage investments, focusing on technology-driven sectors such as health, fintech, education, energy, business intelligence, travel technology, semantic technology, social media, telecommunication solutions, and data center businesses. NEVEQ aims to support companies in scaling their operations and transitioning to growth stages, with a particular interest in enterprise applications, infrastructure software, and emerging technologies across web and mobile platforms.

Viaduct Ventures

Viaduct Ventures is a venture capital firm established in 2017 and located in Menlo Park, California. The firm focuses on early-stage investments in technology startups, particularly those that operate within the big data, internet of things, fintech, and digital health sectors. Viaduct Ventures seeks to support companies that function as data refineries, providing actionable intelligence to empower businesses. With a preference for investments in European and Silicon Valley-based companies, Viaduct Ventures aims to foster innovation and growth in its target industries.

EIB

European Investment Bank (EIB) provides lending, borrowing, and treasury services primarily in the European Union. The company offers project loans for the public and private sectors; loans to banks and other intermediaries; structured finance products; guarantees and securitization instruments for senior and subordinated debts; project bonds; equity and fund investment products such as infrastructure equity and debt funds, and environmental funds; and venture capital funds and security packages for funds. The company also offers microfinance; risk sharing finance for research, development, and innovation projects; finance and technical expertise for sustainable energy projects; infrastructure project advisory services; support for urban development projects; guarantees for transport infrastructure; and funding for public-private partnerships and small- and medium-sized enterprises. EIB serves the transportation, global loans, energy, industry, health, education, water, sewerage, infrastructure, services, telecommunications, agriculture, and fisheries sectors. European Investment Bank was founded in 1958 and is based in Luxembourg.

Eleven Ventures

Eleven Ventures is a venture capital firm based in Sofia, Bulgaria, specializing in early-stage investments, particularly in technology companies across Southeast Europe. Founded in 2012, the firm focuses on sectors such as Fintech, HealthTech, eCommerce, Future of Food, Future of Work, software tools, consumer products, Sportstech, ERP, gaming, Adtech, Mobility, and Home Automation. Eleven Ventures does not invest in not-for-profit projects and instead targets companies that have a legal entity in Bulgaria and are expected to participate in a three-month acceleration program. The firm typically invests between €0.025 million and €0.5 million, taking minority stakes ranging from 6% to 30% depending on the stage of investment. In addition to funding, Eleven Ventures offers office accommodation, back office services, and access to over €0.1 million in free deals from technology service providers. Each quarter, the firm accepts 10-15 teams into its mentor-led program, providing strategic support and follow-on funding opportunities for companies with fully developed products.
Made 18 investments in Serbia

MassChallenge

MassChallenge is a non-equity startup accelerator headquartered in Boston, Massachusetts, with additional locations in Israel, Mexico, Switzerland, Texas, and the UK. Founded in 2009, it focuses on fostering innovation and entrepreneurship by supporting high-potential startups across various industries globally. MassChallenge provides expert mentorship, a tailored curriculum, and access to corporate partners without taking any equity from the startups. Its programs, including specialized initiatives like MassChallenge FinTech and MassChallenge HealthTech, aim to facilitate partnerships between startups and established companies to drive innovation and growth. To date, MassChallenge has helped over 1,200 alumni raise more than $2 billion in funding and create over 65,000 jobs, demonstrating its significant impact on the global innovation ecosystem.
Made 1 investments in Serbia

Blockchain Founders Fund

Blockchain Founders Fund, established in 2018 and based in Singapore, is a venture capital investment firm that focuses on investing in companies within the blockchain, web3, metaverse, gamefi, decentralized finance, and non-fungible token sectors. The firm is dedicated to fostering a more transparent and trustworthy world by adding value to emerging technology projects with practical applications. In addition to its investment activities, Blockchain Founders Fund offers venture-building services and actively consults for leading blockchain companies and organizations on emerging technologies. The firm supports both seasoned and first-time entrepreneurs through a comprehensive go-to-market program, equipping them with the necessary resources to realize their visions and drive innovation in the industry.