Serbia's tech scene is reaching new heights
Nordeus, through its exit, provides an additional boost to the tech ecosystem.
The ecosystem is growing into a true force for change.
Such as Bosch, Continental, Siemens any many others, some of which employ hundreds or even thousands of people.
by capital type
by capital type
VCs have established dominance in both the number of deals made and the total value invested.
PE executed only one deal, but this deal was substantial in size.
Unfortunately, our dataset regarding the potential governmental investment activity in Serbia is incomplete. While governments typically make smaller investments, their support is vital for the success of each tech ecosystem.
Are they hiding or need extra encouragement to become more active?
A breakdown of investments by different investment rounds
Serbian tech companies that have raised capital operate in nine different industries.
In terms of total investment value raised, the fintech industry takes the lead with 44%, followed by enterprise software at 40% and fintech at 6%.
The figures display the number of companies categorized by their primary business model (below) and their primary industry of operation (on the right).
Lead investors come from four different regions.
The table presents the % of the invested value and the % of companies receiving investments categorized by the legal seat of the lead investors.
Serbian tech companies locate their legal seats in three different regions.
The table presents the % of tech companies and the % of investment value received categorized by their legal seat.