Insights into the sixth edition of the study “ICT in Serbia – At a Glance, 2022”
This publication will be a valuable manual for those who are interested in Serbian ICT, from public administration to investors and companies – everyone will find something of interest. The study provides a good overview of the situation in today’s most promising sector. The sixth edition of the study comes out after one global crisis […]
Patrick Collins: “Talking about building a startup ecosystem, Serbia is on a great path!”
Interview by Netokracija: An experienced startup mentor analyzed the Serbian ecosystem and gave useful advice to domestic founders whose technological startups are ready to conquer the world market. Patrick Collins, an experienced mentor in accelerator programs for startups from the USA, recently visited Serbia, where he had the opportunity to get to know the domestic […]
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Index Health, a startup with a Serbian co-founder, raised $6 million in investment in Miami
Luka Ivićević, one of the founders of the Berlin-Belgrade startup Penta, co-founded a new startup in Miami, which has just secured $6 million in seed investment. A $6 million seed round of investment was led by LAUNCHub Ventures and Inovo Venture Partners. Index Health will use these funds to hire specialized medical professionals, engineering talent, […]
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Keo Sar: “Serbian founders have a clear vision of the problems they are solving”
In his interview for Netokracija, Keo Sar, co-founder of the company Metamall Group and an experienced startup mentor, spoke about the Serbian startup ecosystem, its differences compared to the foreign market and the potential for future growth. Kao Sar has extensive experience in mentoring international accelerator programs and starting from October, he will be one […]
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The startup with the Serbian founder in Germany raised €3.5 million for the development of battery recycling technology
Thanks to the leading European fund for pre-seed financing Atlantic Labs, the startup tozero has raised 3.5 million euros and it will become the first startup in Europe that recycles lithium-ion batteries. Dr. Ksenija Milićević Neumann, together with Sarah Fleischer, founded the Berlin-based startup tozero, with the intention of building a leading European company for […]
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Serbian HTEC continues to expand through another acquisition: Mistral Technologies became part of the HTEC group
Mistral Technologies, one of the largest software engineering companies in Bosnia and Herzegovina, was acquired earlier this month by HTEC Group, a company that provides consulting, software engineering and digital product development services. HTEC Group was founded in 2008 in Belgrade, with its headquarters in San Francisco. It has local offices in the United States […]
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Devtech secures €12.25 million for further business expansion in Serbia and the region
Devtech, a global digital innovation company from Serbia, has announced a partnership with Claret Capital Partners, an investment fund from London that finances the development of fast-growing technology companies. Anthony Baker, director of the Claret Capital Partners fund, said that everyone at the fund is very pleased to support the entire Devtech team in their […]
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Serbian Hunch raises €4 million for EU and US expansion
Serbian startup Hunch has raised an investment of €4 million which will be used to triple the sales team and support the company’s expansion plans in Europe and the US. Hunch provides a platform for the automation of creative ads that, for the first time, combines precise customer personalization, dynamic composition of creative ads on […]
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After a $125 million investment round, British Paysend is opening a technology hub in Belgrade
After a new investment round, Paysend, the global FinTech with 7 million customers, announced that it is opening its new European Technology Center in Belgrade, Serbia. Recently, Serbia started attracting a growing community of established brands, venture capital firms and FinTech startups that are drawn to the country in order to take advantage of its […]
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Strong Network, the Serbian-Swiss startup, raises €5.1 million
Strong Network, a Serbian-Swiss startup, received an investment worth 5.1 million euros to accelerate its expansion into the territories of Europe and the USA. The investment round was led by OpenOcean together with the Wingman Ventures fund. Strong Network delivers a multi-cloud platform to solve the IT efficiency and security problems that organizations face when […]
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Serbian-American startup Better & Better raises $4 million
Better & Better, a company that produces toothpaste with vitamins using the concept of microdosing, has raised $4 million in investment. Among the investors were the Dreamers VC fund started by Will Smith, as well as a new fund called Fifth Quarter Ventures, which is backed by Tihomir Bajić – one of the most famous […]
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The American CIBT acquired Viselio – a startup developed by a team from Belgrade
The leading global provider of immigration and visa services for corporations and individuals CIBT acquired Viselio – a startup that digitizes the process of obtaining travel documents. Viselio was started in 2016 by Niklas and Rolland Zeller, while Boris Stevanović joined in 2017 as a co-founder and CTO of the company. According to Boris, Niklas […]
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Tenderly, a leading blockchain platform from Serbia, raises a $40 million Series B investment
Tenderly, a leading platform for blockchain developers that facilitates the creation of innovative web3 products, has secured a $40 million Series B investment. The financing was led by the Spark Capital fund with the participation of existing investors – the Accel and Point Nine Capital funds. The other investors who participated include Abstract Ventures, Coinbase […]
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American-Serbian startup Sounder raises $7.7 million in Series A round
The American-Serbian startup and podcast platform Sounder secured an additional $7.7 million in Series A investment, bringing the startup’s total funding to $11.5 million. The new round of funding will enable further development of the tool and even greater support for the podcast ecosystem. Kal Amin, CEO and co-founder of Sounder, put a special emphasis […]
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HTEC Group raises $140 million investment from Brighton Park Capital
Serbian-American IT services, consulting and software company HTEC Group has secured $140 million of funding from investment firm Brighton Park Capital. This is among the largest initial funding rounds recorded in Europe during the last year. The investment will be used to accelerate global expansion, in particular organic growth and acquisitions in new markets. The […]
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Wonder Dynamics, a startup based in LA and Novi Sad, raised $9 million investment
Wonder Dynamics, a startup founded in 2016 by Taj Sheridan, an actor known for the film Ready Player One, and Nikola Todorovic, a video effects expert, took $9 million investment. The main investors in this round included major global companies Horizons Ventures, Epic Games and Samsung Next. The startup, which has offices in LA and […]
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Fintech startup Leanpay has secured a new € 3 million investment
Funds SC Ventures and Lead Ventures have invested another € 3 million in fintech startup LeanPay, which is developing a solution for deferred payment – both online and in physical stores. LeanPay bases its business on the Point-of-Sale financial option (POSF), which provides types of consumer instant loans that allow users to obtain a loan […]
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Belgrade-based Orgnostic took a $5 million investment
Serbian startup Orgnostic, which makes software that helps companies have more complete HR insights and make better decisions, has taken a $5 million seed investment. The main investor in this round is the Berlin based fund Earlybird Venture Capital. In addition to many other investors, Tihomir Bajić from Serbian Entrepreneurs and Eric Reese, known for […]
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Celsius, a crypto company with a large office in Belgrade, took a $400 million investment
Cryptocurrency lending platform Celsius Network has raised $400m, which puts the total valuation of the company at over $3 billion. The new equity funding round is led by WestCap, the fund set up by former Airbnb and Blackstone executive Laurence Tosi, and Caisse de dépôt et placement du Québec (CDPQ), Canada’s second largest pension fund. […]
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Serbian startup Alt Labs took a million dollar investment to decentralize data centers
Alt Labs is the first team from Serbia to work on decentralized data storage within the Filmine ecosystem, and only two months after the start of the project, they received funding worth over one million dollars, partly in Filecoin (FIL) tokens. The investment came from Protocol Labs as a support for development of Filmine – […]
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Serbian-American startup Molo has been acquired by Storable
Storable, a Texas-based self-storage software and technology provider, has acquired Molo, the cloud-based management software platform for marina businesses. Molo’s technology helps marine businesses increase their revenue, decrease administrative burden, and better engage with their customers. Its co-founders Rodoljub Stojiljkovic and Lucas Isola founded Molo with intention to bring powerful and easy-to-use tools to the […]
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Belgrade-based startup Tenderly raises $15.3 Series A investment
Blockchain startup Tenderly has raised a $15.3 million series A investment in order to further develop its product and expand the team. The investment was led by the international fund Accel, a venture capital firm that was one of the earliest investors in companies such as Facebook, Spotify, Slack and Dropbox. Tenderly is a comprehensive […]
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AbSci acquires Totient, spin-off from the startup Seven Bridges
AbSci, the American company that uses artificial intelligence techniques in the field of synthetic biology, acquired Totient, spin-off from the startup Seven Bridges, and announced that it will start trading publicly on Nasdaq. Seven Bridges, a biotechnology startup co-founded from Belgrade, is one of the best capitalised startups in the region, with over $100 million […]
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In a major milestone, ½ of all startups in Serbia’s oldest startup accelerator have female founders
The current generation of Startit enrollees represents a major step towards advancing gender parity in Serbia’s tech industry and society as a whole.
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Nordeus, one of the most successful Serbian tech companies, becomes a part of Take-Two Interactive
Serbian game developer Nordeus, the maker of one of the most successful Serbian videogames, and possibly one of the country’s most successful products — Top Eleven — announced its acquisition by Take-Two Interactive, one of the largest game companies, whose portfolio includes the likes of Rockstar Games and 2K and some of the most important […]
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Novi Sad’s 3lateral Launches Its First Product Within Epic Games: Metahuman Creator
Novi Sad’s 3Lateral, a Serbian company known for digitizing human characters, was acquired by Epic Games two years ago. Now, as part of the Epic family, they are releasing a tool for creating digital people in the cloud: MetaHuman Creator. MetaHuman Creator will be released through Unreal Engine, an advanced real-time 3D creation tool. It […]
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Helbiz, Startup With CTO and a Team of 40 People in Belgrade, Will Publicly Trade on Nasdaq
Helbiz, an italian-american startup that has a CTO and a team of 40 people in Belgrade Serbia, announced that it will go public via SPAC. It will trade on NASDAQ under the symbol “HLBZ”. Helbiz is an intra-urban transportation company with a mission to solve the first- and last-mile transportation problem of high-traffic urban areas. […]
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Vast Holdings, Successor of One of the First Serbian Startups, Acquired by US Company Vroom for $120 Million
One of the first technological startups in Serbia, Vast – or its current incarnation, the American company Vast Holdings, was bought by Vroom, an online platform for used car trading. The acquisition was valued at $120 million. Vast was founded in 2001 in Serbia, and since its beginnings, it specialized in developing products based on […]
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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 […]
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Consolidation of Serbian Service Companies in 2020
Within just 2 days in August 2020, Serbian tech scene saw 2 big acquisitions, one by Serbian and one by an international company, raising more questions about the future of small service companies in the post COVID-19 world. Until recently, Serbian IT service sector was referred to as superbly fragmented, with a large number of […]
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Serbian Software Shrouded in Mystery Earns 6 Figure Monthly Revenue in Just 6 Months
Maybe there is no better example of Serbian entrepreneurial adaptability than Flock Social, a company that had multiple pivots every time Instagram changed the rules of the game. Now it has more than 5,000 clients worldwide and 6 figure monthly revenue in USD. Ever increasing Instagram popularity led to new business and marketing strategies. Brands […]
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Alon Moritz : Turnaround “artist” with 30 out of 30 success rate co-founds Serbian startup
Foreword of the founder and CEO of Tesla Nation, Vukašin Stojkov: Ever since I started implementing the Tesla Nation project, and most specifically discovering and attracting amazing people to join the board of its ambassadors, I’ve been awe struck by how many great people were out there and how willing they were to lend a […]
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Financial Times Notices Serbia’s “Hunger for Success” in IT Sector
“Mobility” and “diffusion of knowledge” are the keywords in propelling future Serbian IT success. Digital nomads as freelancers and returnees from abroad that found companies bring innovation and capital to Serbian doorstep. On the 17th of June 2020, the esteemed Financial Times published an article that did an excellent job in using exemplary personal Serbian […]
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2020 Startup Genome Report Ranks Serbia as Top 5 in the World in Two Categories, Suggesting Reasons to Move Your Startup to Serbia
Today, annual research Startup Genome* Report 2020 saw the light of day, including, yet again Belgrade and Novi Sad (two largest cities in Serbia) as startup systems to look out for, estimating their worth to $502 million. The estimated ecosystem value in 2020 had increased over 66%, in spite of COVID-19, and the market is […]
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Government Investments in Serbian Tech Industry Grew 24 Times Since 2014
Vojvodina ICT cluster presented their new edition of study „ICT in Serbia–At a Glance”, publication made with a goal to collect and systematically process relevant information about the ICT sector in Serbia. Team leader of organization German Cooperation in Serbia (GIZ), Tomislav Knezevic accented few important shifts in the IT sector since 2004. Investment in […]
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After Harvard and Raising a $98 Million Investment, Serbian Veteran Startupers Quantify Human Capital in Due Diligence
Igor Bogicevic co-founded one of the MIT’s 50 smartest companies in the world, Seven Bridges Genomics (SBG), which raised $98 million worth of investments, and is now valued at $500 million. Luka Babic studied at Harvard and served as CHRO of a hyper growing tech unicorn startup, Infobip. As veteran founders, they founded another startup, […]
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“Made in Serbia” Video Games Finally Featured in the App Store and on Steam
The new section for Serbian-made games on App Store highlights 13 games, while one of the most popular online game platforms Steam created a list of 46 Serbian games. In March this year, the local App Store became available for users in Serbia. This is a welcome change not only for local users, but also […]
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Bloomberg Says “Invest in a Serbian Startup in 2020”
Bloomberg asks experts about smart ways to invest during the pandemic. Interviewee places Clockify shoulder to shoulder with Slack as a bulletproof investment. Investing right now may seem counterintuitive to many. However, even if the post-COVID-19 world suffers a terrible shock, it will not come to stand still. The show must go on, after all. […]
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Serbian Game Pancake Art Downloaded over 20 Million Times in Less Than 4 Months
Remember when making pancakes was all the rave a couple months ago? Serbian gaming studio used that insight to their advantage and using MVP approach built the Pancake Art video game that attracted millions of users worldwide. The game Pancake Art was developed by Tommy Games Studio from Novi Sad, Serbia at the end of […]
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Bratislav, a Serb from a Small City of Pirot, is behind the Famous Music Tones from JBL Speakers
Bratislav believes it doesn’t matter where you come from. It’s how you work that counts. For success, you need knowledge, sacrifice, and quality work. When we turn on JBL speakers, there is a famous music tone that welcomes us. The idea comes from Bratislav Vidanovic, a specialist in 3D and VFX production from Pirot, Serbia. […]
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14-Year-Long Lucky Strike for Export of Serbian ICT
Growing steadily since 2006, with no slowdown in sight In February 2020, The Government of the Republic of Serbia published information regarding export of ICT services in 2019. Within the first 8 months, Serbian companies exported $1.081 billion (€913 million) worth of services, doubling the amount from 2016, and exceeding the export from 2018 by […]
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How is Microsoft Nurturing Serbian Talent?
Did you know that Microsoft Development Center Serbia (MDCS) is known as one of the most reliable Microsoft R&D centers? As most success stories do, it happened organically. Talented* Serbian engineers were called in to solve very difficult problems, but as the years went by, the projects became more complex, deeming growth of the center […]
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The Economist: “An Unexpected Tech Boom in Serbia”
During January 2020, a journalist from the British newspaper The Economist visited Belgrade (capital of Serbia) and monitored development of Serbian IT industry. He had an interesting insight about the next possible boom in Serbia. It may not even be about IT. During his stay, the journalist had several interviews with key figures in Serbian […]
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“Tech Cities of the Future 2020/21” Report: 8 Serbian Cities and 2 Districts in Top 10 Listings
Eight Serbian cities and two districts have been recognized whopping 11 times, across 7 “Top 10 rankings” in criteria “cost effectiveness” and “FDI** performance”. Budding potential of Serbian cities and districts has not gone unnoticed by a well respected 2020 edition of “Tech Cities of the Future 2020/21”* report, published in February this year. The […]
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City of Novi Sad Gets a Science Technology Park Worth $30.59 Million
The Government of Serbia has invested over $118.386 million in three Science Technology Parks. Yesterday, on the 30th of January 2020, Science Technology Park in Novi Sad opened their doors for startups, scientific institutes and students. The facility spans over 322,917 square feet and is an official project of the Government of Serbia and District […]
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The American Connection: 37% of Serbian Startups are USA Oriented
Above average connectivity of Serbian startup founders with global leaders – but there is still room for improvement. Digital Serbia Initiative (DSI), EY and PwC have published a study called Startup Scan that should provide a more expanded and detailed overview of the Serbian startup ecosystem than the one featured in Startup Genome. DSI was […]
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Gaming Industry Worth Between $50 and $100 Million: 5 Reasons to Invest In Serbian Gaming Companies
The gaming industry in Serbia fortified its position in March 2018, when Serbian Games Association (SGA) was founded by global gaming leaders that originated from the country. Today, the association published the first “Serbian Gaming Industry Report” containing significant metrics for foreign investors. The research method used to gather data for the Report was a […]
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A Game from the Serbian Company Peaksel Earns Editor’s Choice Tag on Google Play Store
100 Doors Games 2019: Escape from School, a game created by Peaksel Studio in Nis, Serbia, has been downloaded over three and a half million times and has earned a prestigious position on Google Play store. Among recently featured applications on Google Play, a game from Serbian company Peaksel has been assigned an Editor’s Choice […]
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Microsoft Development Center Serbia – Behind the Scenes Of a High-Tech Development Center
Did you know that Serbian engineers are developing Azure and core AI solutions for Microsoft Office? Based mostly on creativity and perseverance, and working since 2005, Microsoft Development Center Serbia (MDCS) has become one of Microsoft’s most reliable centers. It is known for engineering excellence and outstanding mastery of emerging technologies. We are diving into the history of MDCS, but also its present, and some of the cutting-edge projects that emerged behind these walls. How did it all begin?
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Kagi.ai Is a New Startup That Wants To Completely Reverse the Way We Search
Startup Kagi.ai should allow users to get direct answers to questions asked on the web.
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Elementary School Students In Serbia to Start Learning Basics of Data Science and Graphics in Addition to Textual Programming
The Petlja Foundation zealously publishes manuals that help students and teachers in their teaching and learning process.
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Nordeus Opens a New Hub and Runs Support Programmes For Game Developers
Newly opened, Nordeus Hub is a 260 square meters free co-working space, but also a space for events and support programmes for the developer and design community in Belgrade.
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Master 4.0—New Study Programmes Merge Computer Science and Business Knowledge
Four interdisciplinary study programmes under the unique name Master 4.0, created through close collaboration between universities and industry, have been presented in Belgrade. The aim of these programmes is to connect contemporary IT knowledge with business skills needed to develop digital products and services.
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Videobolt, a Local Video Content Creation Platform, Raises € 500,000
Serbian Videobolt, the startup behind a platform that brings together professionals who do video production and people who need video production services and have no prior knowledge of creating video content, today announced the raising of a € 500,000 investment. The investment was spearheaded by South Central Ventures Local Investment Fund.
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Easy Aerial Is a Startup That Builds a Surveillance Drone System and Collaborates With the US Military
Easy Aerial’s founding team is an eclectic Serbian-American-Israeli mix of three founders.
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Entelo Acquires ConveyIQ, a US Startup With a Development Team In Belgrade
ConveyIQ’s Applicant Communication Studio application offers an integrated solution for candidate communication, automated scheduling and digital job interviewing, making it easier to recruit candidates for large companies. Last November, the company received a $5.5M investment from SC Ventures.
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Serbia Tops Increase of Foreign Direct Investments
Serbia storms to top at inbound greenfield investment relative to the size of each country’s economy.
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Serbia Among 50 Countries In the World to Sign the Singapore Convention
The Singapore Convention applies to international settlement agreements resulting from mediation, concluded by parties to resolve a commercial dispute.
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Why Super, a Fast-Growing Californian Startup, Chose to Base Their Tech and Product Team in Serbia
Super, a San Francisco technology company has a fast-growing office in Belgrade.
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IT Departments’ Popularity Continues to Grow in Serbian High Schools – Two Students Vying for One Seat
According to the Ministry of Education, Science and Technological Development, 1,644 students have passed the entrance exam for specialized IT departments this year.
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Serbian Publitio, an Image and Video API Solution, Raises $320,000 From Local Investors
New on the market, a startup Publitio has the vision to become a leader in the field of storage, processing, and delivery of all kinds of media files. The cloud storage market will become $80 billion worth in 2022, growing up to $100 billion in 2025. Recently, Publitio raised €200,000 investment from the Serbian company Vega IT.
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7th Startup Academy Generation Demo Day Highlights — €20,000 grant Shared Between Shtreber and Tenderly
The 7th Startap Academy came to a close with presentations of this year’s attendees.
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Nina Makes a Cradle Which Saves the Lives of Babies and Its Investors are Leonardo DiCaprio and Scarlett Johanson
Nina Karp is a technology entrepreneur originally from Belgrade, whose startup is behind the world’s first smart baby cradle. Recently she has opened a department of her company Happiest Baby in her hometown.
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Serbian Engineering Talent Ranks Among the Top 5 in the World According to the Global Startup Ecosystem report
Startups in Serbia can access affordable, high-quality engineering talent, which ranks among the top five in the world, as well for the early-stage funding per startup. Gaming and blockchain are leading subsectors according to the Global Startup Ecosystem report for 2019.
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A Serbian Scientist is the First Woman to Become a Head at the Prestigious Tandon Technical College in New York
In August 2018, Belgrade-born Jelena Kovacevic broke the 164-year-long tradition when she became the first female dean of the Tandon Technical College at New York University.
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Google is the Newest Member of Digital Serbia Initiative
Google started interacting with the Serbian tech ecosystem in 2018, when it partnered up with local tech community organization Startit.
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Embroker, a US Company With 60 Employees in Serbia, Raised $28 Million
Embroker recently received a $28M investment to develop its software. Tola Capital’s VC is listed as a major financier with participation from existing investors such as Canaan Partners, Bee Partners, Manulife Capital Ventures, Nyca Partners, and XL Innovate.
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Modeled on Facebook and Google – Epic Games and 3Lateral Plan to Build a Science-Education Center in Novi Sad
A series of investments are planned to support education and educational infrastructure in Novi Sad.
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Fintech Company Builder Finleap Acquires SME Banking Provider Penta
Just since months after raising $7 million in Series A funding, Germa SME banking provider Penta, founded by Berlin-based Serbian entrepreneurs, has been acquired by Finleap. Although Penta will become part of the Finleap ecosystem remains independent in doing business.
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London-Based PolyAI Raises $12M in Series A Funding
PolyAI, a London startup founded by experts in the field of “conversational AI”, including CEO Nikola Mrkšić from Belgrade, who was previously the first engineer at Apple-acquired VocalIQ, raises $12M in Series A funding to deploy its tech in customer support contact centres.
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US Blue Chip Company NCR to Build Tech Campus and Employ Over 4,000 People in Serbia
Last year, NCR got its resources ready to start the construction of a tech campus in Serbia this spring. In a year or two, when the campus is all built up, Belgrade will have one of the most modern centers for growth and expansion of this company’s business and a place for 4,000 employees.
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Good Companies Are Bought, Not Sold: the Story Behind the Largest Serbian Startup Acquisition
Serbian cloud computing startup Frame, recently joined forces with Nutanix, in the largest acquisition for a Serbian startup so far. Frame’s founder, Nikola Bozinovic, tells a story of his entrepreneurial journey that started back in 2006 and building a high-tech company from the ground up with a group of talented engineers and enthusiasts.
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The American Connection: 37% of Serbian Startups are USA Oriented
Above average connectivity of Serbian startup founders with global leaders – but there is still room for improvement. Digital Serbia Initiative (DSI), EY and PwC have published a study called Startup Scan that should provide a more expanded and detailed overview of the Serbian startup ecosystem than the one featured in Startup Genome. DSI was […]
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Fortnite Creator Epic Games Acquires 3Lateral, Maker of Super-Realistic “Digital Humans” from Novi Sad
Epic Games announced that they’ve acquired Serbia-based 3Lateral, a game studio focused on designing more realistic computer-generated human characters. No details on a price or specific deal terms were given.
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Serbian Agremo Raises $600,000 Investment from SC Ventures and Startlabs
Serbian company Agremo, the creator of a platform that uses modern technology to enable remote monitoring and analysis of farmland, has received an investment of $600,000 last December.
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Google’s Vision and Logic Behind Supporting Serbia’s Emerging Startup Ecosystem
What’s Google Launchpad and why were Serbian startups their first choice for support in Europe?
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Novi Sad Based Clockify Reaches 160,000 Active Users – 400% Growth Just In the Last Quarter
The product of the software service provider COING from Novi Sad, Serbia, has been growing since its launch. In the first five days, this time tracking tool reached 17,000 users, and between the second and third quarters of this year, the number of users increased by 400%.
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About Tesla Nation
Tesla Nation™ is a project by SEE ICT / Startit started with the goal of
choosing the best technology inventors and professionals of Serbian
heritage and connect them to partners from all around the world,
inspired by the vision and ambition of Nikola Tesla.
