40 million euros in investment ready for Balkan startups

2015-11-06

South Central Ventures is investing 40 million EUR in international business growth and development of the most promising tech startups from the region – South Central Ventures (SCV), the manager of ENIF, is open for investments in startups in Macedonia, Albania, Kosovo, Croatia, Serbia, Montenegro, and Bosnia and Herzegovina.

This October, the fund officially started operating with offices in Belgrade, Zagreb and Skopje. The management team behind the fund comes from RSG Capital, the VC Company that has invested in some of the best startups in Slovenia and Croatia for 8 years.  Some examples of the portfolio companies include: the advolution startup Celtra, the mobile app creation platform ShoutEm, the digital agency Degordian, that developed the products Social Puzzle and Mediatoolkit, the automatic remote pest monitoring system Trapview.

 

What kind of startups do South Central Ventures invest in?

The main focus is on startups and early stage companies that exploit new web, IoT, SaaS and similar technologies, catering to global client base, primarily with their B2B business models. Life science or nanomaterial companies are among those which are out of the scope of South Central Ventures, since those are too much capital intensive industries.

 

Wanted: dream and do it BIG!

South Central Ventures is open only for startups that dream and do it big. Target are the most promising, high growth tech companies that aim to take their business global. Basically, South Central Ventures want to see the most ambitious, fresh-thinking, brave and relentless teams that work on conquering international markets. This is a fund for Earth-shakers, building solutions that disturb their industry and serve large global client base. Startups that limit their ambitions to local markets only are out of SCV’s investment focus.

 

What comes first: excellent team or good product?

Technology evolves fast, markets change… What remains constantly valued is an exceptional team of problem solvers, who are fully dedicated to international growth and expansion of the business. Thus South Central Ventures due diligence process is thus focused on the team, not only to the technology and solution.

 

At what stage are the investments made?

South Central Ventures is dedicated primarily to early stage and growth investments.Within the fund’s ‘seed pocket’, 1.5 million EUR are allocated to investments of up to 100 000 EUR per company. The majority of the funds is allocated for early stage and growth investments ranging from 0.5 – 2 million EUR per company. These investments should fuel the international business expansion and growth of the most promising tech startups that can show traction and prove their potential to “make it big”.

 

More than just money!

South Central Ventures go beyond financial investments and add additional value by leveraging the experience, knowledge and social capital of its ‘Founders’ Club’ members. The startups get smart money and are able to tap into the pool of the successful entrepreneurs, investors and mentors with extensive experience, and global personal networks. Hence the SCV motto is: Regional expertise – global reach.

 

How to approach the investors?

South Central Ventures operate from offices in Belgrade, Zagreb and Skopje. The Skopje team, led by Managing Partner Tatjana Zabasu, with Investment manager Ivana Stankovic and Associate Irena Efremovska, is responsible for covering Macedonia, Albania and Kosovo. While the team is open to hear all ideas and connect with startups, the best way to approach them is to skip ‘cold calling/e-mailing’ and get to them by using recommendation from trusted people who can vouch for you. You can also meet them at the numerous startup events in the region and present your idea in person.