After two years of cooling off period, Serbian ecosystem is finally heating up. After lowest point in 2023 for the ecosystem, 2024 saw a bounce back, leading to 36% YoY growth in 2025. In the first half of 2026, we see promising amount of activity in deal count and round sizes.

As Serbian founders community Garaža reported earlier this year, there are few trends to note in Serbia: more volume, stronger capital concentration, and larger rounds. In H1 2026, we mapped 7 substantial rounds for the Serbian startup ecosystem. Below, you can find more about the fundings, along with key details about the startups. Check the rest of the Central and Eastern Europe H1 2026 mappings here.

This article is part of the CEE funding mapping series, done with the support of Dealigence platform. Please feel free to contact us if we missed something: newsroom@therecursive.com. / If the deal’s original currency wasn’t the euro, we convert it to the ratio listed on the publishing day.

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