Serbia's business environment features a strong mix of technology and energy companies. The ecosystem includes both recently founded startups and long standing industrial firms.
Blockchain developer platform Tenderly leads with $58.6M in total funding. Other key areas include e-commerce advertising and smart energy management.
Below is our list of 48 Serbia startups worth keeping an eye on.
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Get the Sheet for $50Tenderly offers a comprehensive Ethereum developer platform for building, testing, and monitoring blockchain applications from start to finish. The toolset is designed to give engineering teams a seamless workflow for debugging smart contracts and simulating transactions before they go live.
| Headquarters | Belgrade, Vojvodina, Serbia |
| Year Founded | 2018 |
| Founders | Andrej Bencic, Bogdan Habic, Miljan Tekic, Nebojsa Urosevic |
| Funding Amount | $58.6M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Accel, Coinbase Ventures, Spark Capital, Abstract, Point Nine |
Hunch builds a creative automation platform for e-commerce companies to produce thousands of dynamic video and image ads. Their technology helps performance marketers launch personalized campaigns on social media platforms like Meta, TikTok, and Snap.
| Headquarters | Belgrade, Vojvodina, Serbia |
| Year Founded | 2016 |
| Founders | Igor Simovic, Sinisa Rakovic |
| Funding Amount | $9.6M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | North Base Media, 3TS Capital Partners, SeedBlink, South Central Ventures, Catalyst Romania |
Meter and Control builds smart energy management solutions that combine both hardware and software. Their systems help utilities, manufacturers, and cities monitor and optimize energy consumption.
| Headquarters | Belgrade, Vojvodina, Serbia |
| Year Founded | 2008 |
| Founders | — |
| Funding Amount | €9.1M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Debt Financing |
| Top Investors | European Bank for Reconstruction and Development, Enterprise Expansion Fund |
Beebop created an operating system designed for the modern energy system. The platform gives power grid operators the tools to manage renewable sources and improve overall grid stability.
| Headquarters | Belgrade, Vojvodina, Serbia |
| Year Founded | 2023 |
| Founders | — |
| Funding Amount | $5.5M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | Angular Ventures, Contrarian Ventures, Nexenai Capital |
Quantox Technology builds custom digital products, operating as a full-cycle development partner for web and mobile applications. They provide dedicated teams of experts and IT consulting services to help businesses bring their ideas to life.
| Headquarters | Belgrade, Vojvodina, Serbia |
| Year Founded | 2006 |
| Founders | Vuk Popovic |
| Funding Amount | €20M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Sandberg Capital |
Blinking offers a blockchain-based digital identity solution that gives users complete control over their personal data. Their platform uses biometrics for secure verification, allowing individuals to manage their identity privately across various services.
| Headquarters | Belgrade, Vojvodina, Serbia |
| Year Founded | 2017 |
| Founders | Alex Migitko, Miloš Milovanović, Miroslav Minović, Uroš Šošević |
| Funding Amount | €2.3M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | DIFC FinTech Hive |
Collabwriting develops a browser extension that allows teams to collaborate on web content directly on the page. The tool helps centralize research and feedback by enabling users to share, comment, and highlight information for content creation.
| Headquarters | Belgrade, Vojvodina, Serbia |
| Year Founded | 2021 |
| Founders | Ivan Ralic, Sandra Idjoski |
| Funding Amount | €1.1M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Seed |
| Top Investors | Startup Wise Guys, Credo Ventures, Underline Ventures, SMOK Ventures, Fiedler Capital |
41 Additional Serbia Startups Worth Following
The top 7 are just a small slice of what’s happening in Serbia, where founders are building companies in everything from AgTech to AI. Together, the companies on this list have raised over a billion euros, a sign of strong investor confidence in the region.
Some of these companies are well established, while others are just getting started on their journey. Here’s a look at the other startups that are shaping Serbia's growing ecosystem.