As the startup ecosystem in the Balkans continues to gain traction, founders are increasingly seeking investment opportunities to fuel their growth. While the region has attracted attention from investors worldwide, there remains a select group of venture capital firms that have established themselves as key players in supporting startups in the Balkans. Here are five venture capital firms every founder in the Balkans should know:

FIL ROUGE CAPITAL

• Fil Rouge Capital is a venture capital firm based in Croatia, focused on early-stage investments in technology startups in Southeast Europe.
• Notable Investments: Agrivi (agricultural technology platform), Gideon Brothers (autonomous mobile robots), Oradian (cloud-based core banking platform), Native Teams(freelancer payment provider)

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South Central Ventures

• South Central Ventures is a venture capital fund investing in technology startups in Southeast Europe, with a focus on the Western Balkans region.
• Notable Investments: Cognism (sales intelligence platform), Agremo (agricultural drone analytics), Workpuls (workforce productivity software).

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Eleven Ventures

• Eleven Ventures is a seed-stage venture capital fund based in Bulgaria. They invest in innovative startups across various sectors, including technology, media, and telecommunications.
• Notable Investments: Grouper (social discovery app), NiceHash (cryptocurrency mining marketplace), Fite (fitness app)

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TS Ventures

• TS Ventures is a venture capital firm with a focus on early-stage investments in technology startups in Southeast Europe. Theyre interested particularly in the fields of software development and artificial intelligence.
• Notable Investments: MVP Workshop (blockchain development studio), Waydev (developer analytics platform), BonAppeTech (food delivery app).

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Vitosha Ventures Partners

• Vitosha Ventures Partners is a venture capital firm investing in early-stage technology startups in the Balkans and Eastern Europe. Their focus is on sectors such as fintech, enterprise software, and consumer internet.
• Notable Investments: FintechOS (financial technology platform), Wayhome (proptech startup), Content Insights (content analytics platform).

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These venture capital firms have demonstrated a commitment to supporting innovative startups in the Balkans and have a track record of successful investments in the region. For founders looking to secure funding and grow their startups, establishing connections with these VCs can be instrumental in their journey to success.