September 21, 2020

Belgrade Startup Orgnostic Raises $900,000 From 112W, Eric Ries, and others

Belgrade startup Orgnostic, which we have already highlighted in our previous blog post, announced tonight that they have raised $900,000 worth of investment. The leading investor in this round is 122 West Ventures Fund from San Francisco, with the participation of South Central Ventures, including angel investors Eric Ries (author of the famous book Lean Startup) and Tihomir Bajic, as well as additional groups of angel investors from the Serbian Entrepreneurs network.

Orgnostic is the human capital analytics platform for startups. Under the slogan “Making your intangibles tangible”, the startup aims to provide managers with input on how to increase employee and customer satisfaction while improving profit margin as well. They launched the first version of the software in May 2020, welcoming the companies around the world to try it

Luka Babić, one of the co-founders of Orgnostic, reports that this investment is an important milestone for the startup because it will enable them to expand the team and develop the product that can serve a large number of customers as soon as possible. In addition to capital as a fuel, the team sees the benefits they will gain by cooperating with investors who are directly connected with startups, which can contribute in the field of product development and business.

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