Belgrade's VC Frontier: 7 Firms Powering the City's Startup Surge in 2025
Belgrade is emerging as a serious contender on the Southeast European startup map. With a vibrant tech scene, growing founder talent, and increasing government and private sector support, Serbia's capital is attracting more funding than ever.
Behind the growth are venture capital firms in Belgrade backing founders with local roots and global ambition. Whether you're building in fintech, SaaS, or impact-driven ventures, this city offers a launchpad for innovation across the Balkans and beyond.
This article also covers variations like VC in Belgrade and investors in Belgrade, so you'll find the best fit whether you're raising locally or looking for a cross-border partner.
Quick list of top VC firms in Belgrade in 2025
- TS Ventures Fund – Serbia's first public-private VC initiative, focused on innovation and entrepreneurship
- ICT Hub Venture – Belgrade-based VC and startup incubator supporting digital-first founders
- Omorika Ventures – Early-stage fund investing across the Western Balkans
- Unique.vc (Unique Venture Clubs) – Community-based investment model connecting founders and micro-investors
- SEAF Serbia Impact Fund – Impact-focused VC investing in socially conscious ventures
- Blue Sea Capital – Private equity and VC firm with strong ties to the Serbian tech scene
- South Central Ventures – Belgrade Office – Regional fund with active presence and portfolio in Serbia
How to find the right VC firm in Belgrade
Finding the right venture capital firm in Belgrade is about more than just raising capital — it's about finding a true partner for your growth.
Here's what to consider:
- Stage match: Some firms back idea-stage or pre-seed founders, others invest at Series A or growth stage
- Sector focus: Tech, SaaS, logistics, or impact? Look for firms that know your space
- Check size and pace: Are they able to lead rounds, or do they co-invest?
- Network and mentoring: Some Belgrade VCs are deeply hands-on, others offer light strategic guidance
- Regional or international focus: Do they open doors in the Balkans or across the EU?
Explore VC firms in Belgrade — and beyond — with the Papermark Investor Database.
How to send your pitch deck to VC firms in Belgrade
Breaking into the radar of top VCs in Belgrade starts with how you share your story. Attachments get buried — smart links get noticed.
Here's how to deliver your pitch with maximum impact:
- Skip the PDF — send a smart, trackable deck link via Papermark
- Localize your pitch: Show why your startup fits into Serbia's or the Balkans' tech landscape
- Lead with results: Revenue, users, or milestones that prove momentum
- Be clear on next steps: How much you're raising, and where the capital will go
- Use real-time analytics to spot warm leads and time your follow-ups
Why use a pitch deck link instead of attachments?
- Get notified when an accelerator team opens your deck
- Track how long they were on each page of your deck
- Capture emails of those who viewed your deck
- Protect your IP using watermark, screenshot protection and other link permissions
- Securely send data room with multiple documents
Table
| Accelerator | Location | Investment Size | Program Length | Focus Areas | Success Rate |
|---|---|---|---|---|---|
| TS Ventures Fund | Belgrade, Serbia | €100 K – €1 M | Long‑term | Innovation, Entrepreneurship | — |
| ICT Hub Venture | Belgrade, Serbia | €50 K – €500 K | Long‑term | Digital‑first founders | — |
| Omorika Ventures | Belgrade, Serbia | €100 K – €1.5 M | Long‑term | Western Balkans early‑stage | — |
| Unique.vc | Belgrade, Serbia | €25 K – €250 K | Long‑term | Community, Micro‑investors | — |
| SEAF Serbia Impact Fund | Belgrade, Serbia | €100 K – €2 M | Long‑term | Impact & Social ventures | — |
| Blue Sea Capital | Belgrade, Serbia | €500 K – €5 M | Long‑term | PE & Venture, Tech | — |
| South Central Ventures | Belgrade, Serbia | €250 K – €3 M | Long‑term | Regional tech scale‑ups | — |
1. TS Ventures Fund
Serbia's first public‑private VC initiative accelerating innovation and entrepreneurship.
- Focus: Early‑stage Serbian innovation, Deep‑tech, Digital
- Location: Belgrade, Serbia
- Program length: Long‑term partnership
- Investment: €100 K – €1 M seed/Series A
- Equity free: No
- Website: TS Ventures Fund
2. ICT Hub Venture
Belgrade‑based VC and incubator backing digital‑first founders.
- Focus: SaaS, Fin‑/Health‑tech, B2B software
- Location: Belgrade, Serbia
- Program length: Long‑term partnership + incubation
- Investment: €50 K – €500 K pre‑seed/seed
- Equity free: No
- Website: ICT Hub Venture
3. Omorika Ventures
Early‑stage fund investing across the Western Balkans.
- Focus: Western Balkans tech, Marketplaces, AI
- Location: Belgrade, Serbia
- Program length: Long‑term partnership
- Investment: €100 K – €1.5 M seed/Series A
- Equity free: No
- Website: Omorika Ventures
4. Unique.vc (Unique Venture Clubs)
Community‑based investment model connecting founders and micro‑investors.
- Focus: Community funding, Web3 tools, SaaS
- Location: Belgrade, Serbia
- Program length: Long‑term partnership
- Investment: €25 K – €250 K micro‑rounds
- Equity free: No
- Website: Unique.vc
5. SEAF Serbia Impact Fund
Impact‑focused VC investing in socially conscious ventures.
- Focus: Impact, Social enterprises, Sustainability
- Location: Belgrade, Serbia
- Program length: Long‑term partnership
- Investment: €100 K – €2 M seed/Series A
- Equity free: No
- Website: SEAF Serbia Impact Fund
6. Blue Sea Capital
Private‑equity & VC firm with deep roots in the Serbian tech scene.
- Focus: Tech growth, Consumer, Industrial
- Location: Belgrade, Serbia
- Program length: Long‑term partnership
- Investment: €500 K – €5 M growth rounds
- Equity free: No
- Website: Blue Sea Capital
7. South Central Ventures – Belgrade Office
Regional fund with an active presence and portfolio in Serbia.
- Focus: SaaS, Marketplaces, Enterprise software
- Location: Belgrade, Serbia
- Program length: Long‑term partnership
- Investment: €250 K – €3 M seed/Series A
- Equity free: No
- Website: South Central Ventures
Prepare for Demo Day: what Belgrade investors expect
Serbian VCs are practical, collaborative, and ready to back ambitious ideas — but they expect proof.
When pitching to investors in Belgrade, make sure to:
- Highlight product-market fit and regional relevance
- Be transparent about traction, team, and financials
- Outline a credible path to scale across Southeast Europe or the EU
- Show how you'll use the funding — and what milestones it unlocks
- Use Papermark to track engagement before and after investor calls
Didn't find the right investor?
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Final Thoughts
Venture capital firms in Belgrade are playing an increasingly important role in shaping the future of innovation across the Balkans. From government-backed funds to private impact VCs, Serbia's capital offers more opportunities than ever.
Start your fundraising journey with Papermark — and pitch smarter.