Market Insights Financial Capital Raising Traditional Capital Raising

Venture Capital - Serbia

Serbia

The total Capital Raised in the Venture Capital market market in Serbia is expected to reach US$35.2m in 2024.
In the country, Early Stage dominates the market with a projected market volume of US$19.2m in 2024.
In global comparison, the United States leads with the most Capital Raised (US$264,500.0m in 2024).
Serbia's Venture Capital market is steadily growing, attracting more investors due to its tech-savvy workforce and government support for startups.

Key regions: China, Australia, India, Europe, Israel

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Analyst Opinion

The Venture Capital market in Serbia has been experiencing significant growth in recent years, driven by a combination of customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Serbian entrepreneurs and startups are increasingly seeking venture capital funding to fuel their growth and expansion. This is due to the fact that venture capital offers not only financial support but also strategic guidance and industry connections. Entrepreneurs recognize the value that venture capital investors bring to the table in terms of expertise and network, which can help them scale their businesses more quickly and effectively.

Trends in the market: One of the key trends in the Serbian Venture Capital market is the rise of technology startups. Serbia has a strong pool of talented engineers and IT professionals, which has led to the emergence of numerous technology-driven startups. These startups are attracting the attention of venture capital investors who see the potential for high returns in this sector. Additionally, there has been a growing interest in sectors such as e-commerce, fintech, and healthcare, which are also attracting venture capital investment.

Local special circumstances: Serbia has made significant efforts to create a favorable environment for startups and venture capital investment. The government has implemented various initiatives and programs to support entrepreneurship and innovation, including tax incentives, grants, and mentorship programs. These initiatives have helped to foster a vibrant startup ecosystem and attract both local and international venture capital investors.

Underlying macroeconomic factors: Serbia's macroeconomic stability and economic growth have also contributed to the development of the Venture Capital market. The country has seen steady economic growth in recent years, which has created a favorable business environment for startups. Additionally, Serbia's integration into the European Union has opened up new opportunities for entrepreneurs and investors, as it provides access to a larger market and increased funding opportunities. In conclusion, the Venture Capital market in Serbia is experiencing significant growth due to customer preferences for venture capital funding, the rise of technology startups, favorable government initiatives, and the country's macroeconomic stability. These factors have created a conducive environment for startups and venture capital investors, driving the development of the market.

Methodology

Data coverage:

Data encompasses B2B and B2C enterprises. Figures are based on the amount of capital raised, the average of deal size and the number of deals.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use data from OECD, annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, CPI, number of small and medium-sized enterprises (SME), new businesses registered (number) . This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.