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Venture Balkans 24–25
Project Summary:
  • The Balkan startup boom is over. The era of explosive growth has been replaced by a new focus on quality and sustainable ventures.
  • Serbia and Romania are now the undisputed engines of innovation, generating over half of all new startups in the region.
  • The ecosystem is built on B2B. More than 69% of Balkan startups are building for businesses, not consumers, creating a robust foundation for corporate innovation.
  • Local investors hold the keys. They are the backbone of the ecosystem, funding early-stage startups that international VCs often overlook.
  • While the most massive funding rounds are dominated by DeepTech (Mobility Tech), SaaS remains the core of the Balkan ecosystem, leading in the number of deals and demonstrating stable, high activity across all key industries.
  • The Balkans have secured a place on the global venture map, attracting $643M and 148 top international investors, who are betting on the region's promising tech companies.
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