With the new € 70 million SCV Technology Fund III, South Central Ventures is bound to back more of the regional tech start-ups conquering global markets. We continue to look for excellent teams to join the portfolio companies we backed previously, including Cognism, AdScanner, Agrivi, Workpuls and Celtra, to name just a few.
Transforming the region
There are more and more successful tech companies emerging from the SEE region. At South Central Ventures, we are set to play our part in accelerating their path to global success. As says Goran Stevanović, who recently joined the team as a Partner: “Technology sector has the opportunity to fundamentally transform our region and for global success we need more local start-ups. With its unique position the South Central Ventures team can become a catalyst for this change, which is why I decided to join. I want to transfer my 20 years of experience in the software industry and my passion for entrepreneurship to this new venture.”
Backed by a group of reputable partners
SCV Technology Fund III is backed by repeat investors including European Investment Fund (EIF), European Bank for Reconstruction and Development (EBRD) and Zavarovalnica Triglav.
“Accelerating the digital transition is an important priority for the EBRD and South Central Ventures has been a valuable partner in developing the south-east European innovation ecosystem. We are glad to be part of the new fund and hope we can together build great technology businesses in the region.” says EBRD’s Michael Parry, Associate Director, Private Equity and Venture Capital Funds.
New investors include a few individuals with extensive experience and networks, as well as institutional investors. These include Slovenia based BTC, whose CEO, Damjan Kralj, explains: “BTC d. d. fulfills its digitization strategy also with integration into the tech companies’ ecosystem in the wider region. Entering the SCV Technology Fund III enables us to become an important part of this environment while at the same time generating return on the invested funds.”
Building a strong portfolio of tech companies
South Central Ventures obtained a voluntary EU-wide marketing passport under the EuVECA Regulation, confirming we follow high quality standards in the investment process and management. Our mantra is to be the first institutional investor in regional start-ups and follow them through a few funding rounds. We help our companies attract co-investors and support their growth towards globally successful tech companies. With SCV Technology Fund III, we will continue to invest in early stage tech start-ups with a developed product that need funds for faster development and accelerated growth. The initial investment amounts start at € 500,000 and can reach a total of up to € 5 million per company over their entire funding cycle.
South Central Ventures is a member of the Croatian Private Equity and Venture Capital Association (CVCA)