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  • Writer's pictureKelly Alica Liman

Top 11 VC Funds and Angel Investors in Croatia

Croatia has been witnessing momentum in its startup ecosystem, which provides numerous opportunities for startups to thrive. Within the past two years, the country has witnessed the birth of two unicorns (Infobip and Romac cars), and they are anticipating more successes to come. The recent growth of the startup ecosystem is undoubtedly a result of concerted efforts and support from various parties, including venture capital firms and angel investors. In this article, we have compiled a comprehensive list of top VC Funds and Angel Investors in Croatia that can provide you with the capital and support to help you succeed!







Find VCs and Angel Investors in Croatia
Find VCs and Angel Investors in Croatia

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Why Should You Raise Funds in Croatia?


Croatia offers an increasingly favorable environment for startups to raise funds and grow their businesses. With a growing startup ecosystem, government support and funding, access to a skilled talent pool, a strategic geographical location, and a supportive startup community, Croatia presents compelling opportunities and benefits for startups seeking investment.

The Croatian government has implemented several startup-friendly initiatives to foster a thriving startup ecosystem in the country. These initiatives include financial incentives and loan programs, an Innovation Voucher program, R&D tax incentives, and visas that help attract foreign talent such as the Digital Nomad Visa.


Furthermore, situated in Southeast Europe, Croatia serves as a gateway to both Western and Eastern European markets. Its strategic location provides startups with access to a large consumer base and potential business partners in neighboring countries. Additionally, Croatia's membership in the European Union offers startups the advantage of operating within a stable and regulated economic environment and allows them to access EU funding.

Finally, Croatia has a vibrant and supportive startup community, with various networks and organizations dedicated to helping startups succeed. There are numerous prominent accelerators and incubators in Croatia. There are also a number of startup events and conferences organized in Croatia, such as Zagreb Connect, Idea Knockout, Shift, and GROWit. The latest introduction of the official startup ecosystem in Croatia - CRO Startup, also assists in improving and growing the Croatian startup ecosystem.



Venture Capitalist Funds in Croatia


The venture capital firms 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

  • Contact


Eleven Ventures is a major venture capital firm with a considerable influence on the Southeast European startup environment. With a focus on early-stage technology firms, Eleven Ventures has been actively promoting innovation and driving development in industries such as Fintech, Healthcare, the Future of Work, and the Future of Food. Eleven Ventures distinguishes itself by its strong awareness of local market dynamics and its ability to uncover high-potential businesses with revolutionary ideas. They offer vital financial support to portfolio companies, allowing them to develop their operations and bring their ideas to market.



  • Year of Inception: 2019

  • Stage: Pre Seed, Seed

  • Focus: Marketplaces & Consumer, SaaS, Food & Health, Education & Gaming, FinTech

  • Notable Portfolio: Blub Blub, Influee, Mimo, Noir, Katalys

  • Contact


Silicon Gardens is a venture capital firm situated in Ljubljana, Slovenia that invests throughout Europe. Since its inception in 2019, the VC swiftly established itself as a key member of the startup ecosystem. Silicon Garden’s focus is to deliver value beyond financial investment. They believe in actively assisting early-stage technology firms by giving them the tools, expertise, and contacts they need to succeed. As entrepreneurs, the Silicon Gardens team understands the obstacles and possibilities that startups encounter, and they use their own experiences to assist and coach the firms in which they invest.





  • Year of Inception: 2021

  • Stage: Pre Seed, Seed

  • Focus: Sector Agnostic

  • Notable Portfolio: Relio, LegalAI, Privacy Culture, Winji, Pandatron

  • Contact


daFUND is a venture capital fund that focuses on early-stage investments in European B2B startups. The fund specializes in software-powered businesses that have the potential for considerable development and success. With a strong emphasis on empowering and assisting entrepreneurs, they provide financial resources, experience, and vital contacts to assist these startups in thriving.



  • Year of Inception: 2010

  • Stage: Pre Seed, Seed

  • Focus: Technology

  • Notable Portfolio: Axoflow, Eleven Labs, Upheal, Mindgram, EquiLibre

  • Contact


Based on Prague, Czech Republic, Credo Ventures is a well-known venture capital firm with the mission to find and support excellent technology entrepreneurs from Central and Eastern Europe, assisting them in achieving their worldwide goals. The firm's primary focus is on investing in seed and early-stage technological startups. Credo Ventures provides not just financial resources, but also important experience and contacts to assist these firms in growing and contributing to the growth of the European startup ecosystem.





  • Year of Inception: 2019

  • Stage: Pre Seed, Seed

  • Focus: Technology

  • Notable Portfolio: SpectreXR, Spiritus, Rendin, GitGut

  • Contact


ZAKA VC is a renowned venture capital firm that specializes in early-stage technology investments. ZAKA VC invests for the long run, hoping to form long-term relationships with the firms it supports. They offer financial support and a variety of value-added services to assist entrepreneurs in growing and scaling. This includes support with business growth, marketing and branding, recruiting personnel, and gaining access to subsequent investment rounds.



  • Year of Inception: 2014

  • Stage: Pre Seed, Seed, Series A

  • Focus: Sector Agnostic

  • Notable Portfolio: AutoVantage, Bytegra, Convoworks, Felloz, Flowy

  • Contact


Fil Rouge Capital, situated in Zagreb, Croatia, is a renowned venture capital firm. Since its inception in 2014, the firm has established itself as a key member in the European startup ecosystem. Focused on early-stage investments, they have made a total of 173 investments across several industries, with a track record of 27 successful exits. Fil Rouge Capital actively seeks for new investment possibilities and provides funding, experience, and assistance to companies in order to help them develop. Their dedication to innovation and track record of success make them a perfect partner for forward-thinking business owners.





  • Year of Inception: 2015

  • Stage: Seed, Series A, Series B

  • Focus: Technology

  • Notable Portfolio: HireApp, Pixyle AI, Underline, Rubik

  • Contact



South Central Ventures (SCV) is a prominent Southeast European venture capital firm. With its headquarters in Ljubljana, Slovenia, and offices in Zagreb, Croatia, Belgrade, Serbia, and Skopje, North Macedonia, SCV is perfectly positioned to find and promote innovative projects across the Adriatic region. One of the key strengths of SCV lies in its team of experienced professionals who possess a deep understanding of both the local market dynamics and global trends. SCV invests hands-on, collaborating with founders and management teams to give strategic advice, operational assistance, and access to their wide network of industry contacts.



  • Year of Inception: 2021

  • Stage: Seed, Series A

  • Focus: FinTech & InsurTech, Metaverse, Gaming, Logistics & Supply Chains, Health

  • Notable Portfolio: ZenOwn, Viar, Bloq.it

  • Contact



Suricate Ventures is a venture capital firm based in Ljubljana, Slovenia, that focuses on investing in early-stage technology ventures across Southeastern Europe. Recognizing the revolutionary potential of technology, the firm focuses its startups on the Fintech, Gaming, Health, Metaverse, and Logistics & Supply Chains sectors. Startups must have a proof-of-concept and a client base to qualify for their funding, proving market potential and traction.





  • Year of Inception: 2018

  • Stage: Seed, Series A, Series B, Series C

  • Focus: FinTech

  • Notable Portfolio: FinCompare, Agro.Club, Twisto, Tarfin, Cloudcart

  • Contact


Elevator Ventures is the venture capital arm of Raiffeisen Bank International (RBI) that focuses on early-stage and growth investments in fintechs and associated technologies in the Central and Eastern Europe (CEE) region. They focus on strategic direct investments in later-stage fintechs and work closely with Elevator Lab to assist potential scaleups develop across the CEE region and beyond, utilizing RBI's experience and network. Elevator Ventures is also a member of the Fintech Growth Fund Europe, a collaborative investment vehicle for later-stage fintech investments.





Angel Investors in Croatia


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: -

  • Contact


Skok123 is a group of angel investors from the United States who invest in startups across Southeastern Europe (Bosnia, Croatia, Montenegro, Northern Macedonia, Serbia, and Slovenia). They contribute value to startups by actively assisting portfolio firms through the various obstacles of startup growth, providing support and insight into key business activities such as business and pricing models, organizational growth, contracts, clients, and more.



  • Stage: Pre Seed, Seed

  • Focus: Sector Agnostic

  • Notable Portfolio:

  • Contact


The Croatian Business Angels Network (CRANE) is a non-profit organization that provides a forum for private investors interested in supporting and investing in early-stage creative firms. CRANE connects business angels from Croatia and throughout the world, creating a network for collaboration and investment possibilities. As a non-profit organization, they seek to promote entrepreneurship and economic growth by linking entrepreneurs with experienced investors who can offer not just financial assistance but also mentorship and counseling. CRANE is critical to the development of Croatia's startup ecosystem, supporting the flow of funding and knowledge to potential enterprises.





Closing Thoughts on VCs and Angel Investors in Croatia


Though small in size, Croatia has demonstrated its potential with the two emergence of 2 unicorns, with more expected to come. As the ecosystem continues to evolve and address its challenges, the Croatian startup scene appears to hold immense potential for innovation, growth, and success.


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