Despite being in its early stages, Bosnia and Herzegovina's startup ecosystem shows promising signs of growth, driven by a combination of strong tech talent, emerging support structures, and increasing international interest. The country's startup landscape is particularly vibrant in cities like Sarajevo, Mostar, and Banja Luka, where a significant pool of skilled professionals, especially in software development and digital services, forms the backbone of this nascent ecosystem. Looking ahead, the Total Capital Raised in the Venture Capital market in Bosnia and Herzegovina is projected to reach US$33.37 million by 2025 according to Statista; indicative of increasing investor confidence in the region. In this article, we have compiled a comprehensive list of VC funds and angel investors in Bosnia and Herzegovina and the broader Baltics region that can provide you with the capital you need to excel in this market.
➡️ Download the full list of VCs and Angel Investors in 100+ countries!
Venture Capitalist Funds in Bosnia and Herzegovina
The venture capitalist funds below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2012
Stage: Pre Seed, Seed
Focus: Fintech, Healthcare, Future of Work, Future of Food, Ecomtech
Notable Portfolio: Perfeqt, NitroPack, Quantive, Payhawk, Woli
Year of Inception:
Stage: Pre Seed, Seed
Focus: Sector Agnostic
Notable Portfolio: MediNav, Paul-Tech, Agently, Meredot, FabControl
Year of Inception: 2017
Stage: Pre Seed, Seed
Focus: Software
Notable Portfolio: Shootset, GiftsUWish, Miracle Dojo, Good Game Arena
Year of Inception: 2010
Stage: Pre Seed, Seed
Focus: Technology
Notable Portfolio: Axoflow, Eleven Labs, Upheal, Mindgram, EquiLibre
Year of Inception: 2018
Stage: Pre Seed, Seed, Series A
Focus: Technology, Enterprise, Consumer, Hardware & Electronics
Notable Portfolio: Cognisync, Druid, Coda Intelligence, BonApp, Profluo
Year of Inception: -
Stage: Pre Seed, Seed, Series A
Focus: Technology, Health and Life Sciences, Gaming, Technology, Fintech, Cleantech, Insurtech, Web 3, AI, Enterprise B2B SaaS
Notable Portfolio: -
Year of Inception: 2016
Stage: Pre Seed, Seed, Series A, Series B
Focus: B2B Software
Notable Portfolio: Agently, Verifeye, QuickShipper, PetaBox, Moeco
Year of Inception: 2015
Stage: Seed, Series A
Focus: Enterprise and Consumer-focused
Notable Portfolio: CoherentLabs, Orbiit, Quantive, Transmetrics, Veridion
Year of Inception: 2024
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Trickest, Bitebell, One Assessment
Year of Inception: 2014
Stage: Seed, Series A
Focus: Technology, Media & Entertainment, Health & Wellbeing, FinTech, Web 3.0
Notable Portfolio: -
Year of Inception: 2014
Stage: Seed, Series A, Series B
Focus: Industry, Hardware, Software & Internet, Robotics, Climate & Impact, Entertainment & Media, Consumer, Food
Notable Portfolio: Stealth, ZeroTier, Tipple, Nu Quantum, CheMastery
Year of Inception: 2023
Stage: Seed, Series A, Series B
Focus: Media
Notable Portfolio: -
Year of Inception: 2015
Stage: Seed, Series A, Series B
Focus: Technology
Notable Portfolio: HireApp, Pixyle AI, Underline, Rubik
Year of Inception: -
Stage: Seed, Series A, Series B, Series C
Focus: Technology
Notable Portfolio: Ulker, Flatel, Greenfinite, Concorus, Elefant
Year of Inception: 2016
Stage: Seed, Series A, Series B, Series C
Focus: Technology
Notable Portfolio: Arengu, Frontify, Lucera, Banktrack, Circle Health, Factorial
Year of Inception: 2021
Stage: SME
Focus: Industrial, ICT, Agribusiness
Notable Portfolio: -
Year of Inception: 2014
Stage: SME
Focus: Sector Agnostic
Notable Portfolio: Leanpay, Verdino, Resalta, Pulsio
Year of Inception: -
Stage: Pre Seed, Seed
Focus: ICT
Notable Portfolio: -
Angel Investors in Bosnia and Herzegovina
Angel investors may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Pre Seed, Seed
Focus: Sector Agnostic
Notable Portfolio: Coinbox, Huupe, Orbito, Jamjar, Moveo, Swaplanet
Closing Thoughts on VCs and Angel Investors in Bosnia and Herzegovina
The country's unique position as a transitional economy with a diverse cultural heritage fosters a resilient entrepreneurial spirit, particularly evident in the tech startup scene. As the ecosystem matures, initiatives like BH TechLab and emerging angel investor networks are gradually improving the funding landscape, while international programs indicate growing global interest in supporting Bosnia's startup potential. As regulatory frameworks continue to improve and foreign investment interest grows, Bosnia and Herzegovina's startup landscape stands at a crucial juncture, poised for potential acceleration in the coming years.
Find VCs and Angel Investors Wordwide:
Frequently Asked Questions on VCs and Angel Investors in Bosnia and Herzegovina
What is the current state of Bosnia and Herzegovina's startup ecosystem?
Bosnia and Herzegovina's startup scene is growing but faces challenges like complex regulations, corruption, and political instability. The country benefits from regional collaboration, EU support, and increasing foreign investment. However, significant improvements are needed to unlock its full potential.
Which sectors attract the most investment in Bosnia?
Investors focus on:
Technology & B2B software
SaaS (Software as a Service)
Marketplaces
AgriTech & HealthTech
What investment stages do VCs target in Bosnia?
VCs mainly invest in early-stage startups, particularly seed and Series A rounds.
What are the typical ticket sizes for startup funding in Bosnia?
Seed funding: $50,000 – $500,000
Series A: Up to $5 million
What are alternatives to VC and angel investment in Bosnia?
Microloans – Offered by institutions like Mikrofin.
Crowdfunding – Platforms like Wemakeit.
Bank Financing – Loans from the Development Bank of Bosnia and Herzegovina.
Digitalization Support – EU-backed funding for SMEs.
EU Guarantee Programs – EIF-backed loans with better conditions.
Accelerators & Innovation Funds – Emerging funding sources for startups.
Are there events connecting investors and startups in Bosnia?
Business Angel Summit (BAS) – Annual investor-startup event in Sarajevo.
Foundation 787 – Supports entrepreneurship development.
Reconnect – Restart Networking Event – Links diaspora and local startups.
Bosnia & Herzegovina Futures Foundation Events – Connects professionals with startups.
Kommentare