Home » Top 5 Funding Rounds in Western Balkans in 2023
Balkans General News News Technology

Top 5 Funding Rounds in Western Balkans in 2023



For the Western Balkans, a region grappling with economic challenges and striving for a brighter future, the beacon of hope comes in the form of the tech industry and the many different startups emerging in a number of verticals. During the first 8 months of 2023, the region is also seeing a significant wave of innovation and investments that promise to put some of these Western Balkans startups on the global tech map. 

From a fitness platform harnessing the power of virtual reality to a recruitment tool designed to match professionals with job opportunities and innovative fintech solutions for banks and legacy financial institutions, the region has seen several startups that are aiming to change the game – and in this article, we take a look at some of the biggest funding rounds that they’ve managed to raise during the year.

Poised to reshape the regional startup ecosystem, Rolla, HireApp, Mily Technologies, HULI, and FinqUp have been active throughout the year in verticals such as fitness and health, recruitment, logistics, conversational AI, fintech, and much more. 

Rolla

Latest round: €6.3M

Country: Bosnia and Herzegovina

Stage: Seed

Investors: Mate Rimac (Rimac Group), Hellen’s Rock

Total funding: $8.8M

FoundersIgor Krezic

Vertical: Health and fitness

About: Rolla is a fitness and health platform that helps users track, compete, and have fun while working out in virtual reality.

HireApp

Latest round: $1.5M

Country: Serbia/US

Stage: Seed

Investors: South Central Ventures

Total funding: $1.5M

Founders: Nemanja Stefanović, Simon Stantic

Vertical: Recruitment and staffing

About: HireApp platform enables matching professionals with available shifts in the hotel and hospitality industry.

Mily Technologies

Latest round: €1M

Country: Serbia

Stage: Pre-seed

Investors: South Central Ventures, Katapult Accelerator

Total funding: €1M

Founders: Miloš Zlatković, Aleksandar Buha

Vertical: Logistics

About: Mily’s platform helps parcel delivery companies analyze their delivery operations.

HULI

Latest round: €210K

Country: Serbia

Stage: Seed

Total funding: €210K

Founders: Aleksandr Tsepelev

Vertical: Conversational AI

About: HULI is working on technology and chatbots that will feature “human-like intelligence and machine–like precision”.

FinqUp

Latest round: €100K

Country: North Macedonia

Stage: Pre-seed

Investors: Vitosha Venture Partners, angel investors

Total funding: €100K

Founders: Dime Galapchev, Igor Madzov

Vertical: Fintech

About: FinqUp is a fintech startup that offers a suite of products including white-label apps for investment and insurance funds, conversational AI assistants, and specialized tools for tax and accounting professionals. 

Source : The Recursive

Instagram

Instagram has returned empty data. Please authorize your Instagram account in the plugin settings .

Advertisement

Advertisement Small

Flickr

  • Cape Florida
  • La playa
  • Boater's
  • Trolley
  • PAMM
  • Mono bicolore
  • Red stairs
  • Coconut Groove
  • Dwntwn

ThemeForest

Collaboratively harness market-driven processes whereas resource-leveling internal or "organic" sources. Competently formulate.

Calendar

April 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  

RSS Meks Blog

  • 10 Best Knowledge Base & Wiki WordPress Themes 2021 September 15, 2021
    Running a successful online business requires an exceptional WordPress knowledge base theme that organizes documentation and helps customers. Customization options, intuitive navigation, unique layouts, and fast responsiveness are just some of the features you need. The following 10 WordPress wiki themes represent the best options for 2021 and beyond. Explore the full range to determine […]
    Dusan Milovanovic
  • How to increase WordPress Memory Limit (quick fixes) June 16, 2021
    Here is a post about how to increase the memory limit in WordPress. Allowed memory size exhausted error message showed up in your WordPress installation? No worries – this is one of the most common errors in WordPress. You can apply an easy fix by increasing the memory limit in your PHP. Table of Contents […]
    Dusan Milovanovic
  • How to use (and why) WordPress sitemap plugin March 1, 2021
    Did you know that by knowing how to use the WordPress sitemap plugin you can significantly improve your site’s visibility and traffic? Although it isn’t mandatory to have a sitemap on your site, having one significantly improves the site’s quality, crawlability and indexing. All this is important for better optimization, which is why we wanted […]
    Ivana Cirkovic
  • 22 free and premium podcast software for your show [2021 edition] January 18, 2021
    You’re determined to start or improve your podcast but don’t know which podcast software to use to really make it stand out? We’ve got you! #podcasting Top 22 free and premium podcast software for your show #WordPressTips #podcasting The post 22 free and premium podcast software for your show [2021 edition] appeared first on Meks.
    Ivana Cirkovic
  • Digital storytelling with WordPress – an all-in-one guide to make your web stories pop! November 23, 2020
    Wondering how to improve digital storytelling with WordPress and build more awareness and exposure of your business? Let our guide lead the way. The post Digital storytelling with WordPress – an all-in-one guide to make your web stories pop! appeared first on Meks.
    Ivana Cirkovic
  • How to use WordPress autoposting plugin to improve your visibility and SEO? September 10, 2020
    Did you know you can use the WordPress autoposting plugin for your content efforts and improve not only your time management but your business and visibility as well? The post How to use WordPress autoposting plugin to improve your visibility and SEO? appeared first on Meks.
    Ivana Cirkovic
  • How to create a personal branding site? Step-by-step DIY guide August 15, 2020
    Looking for ways and means to create a personal branding site? Well, look no further ’cause we’re giving away all the how-to’s to do it yourselves! The post How to create a personal branding site? Step-by-step DIY guide appeared first on Meks.
    Ivana Cirkovic
  • Top 15 WordPress content plugins and tools to improve your visibility and rankings July 16, 2020
    Let’s take a look at some of the must-have WordPress content plugins and tools to use to improve both your UX and rankings. The post Top 15 WordPress content plugins and tools to improve your visibility and rankings appeared first on Meks.
    Ivana Cirkovic
  • WCEU 2020 recap – key takeaways from the biggest online WordPress conference June 9, 2020
    Missed WCEU 2020 and all the exciting stuff from there? Here are all the key takeaways and main points to remember so, take notes! The post WCEU 2020 recap – key takeaways from the biggest online WordPress conference appeared first on Meks.
    Ivana Cirkovic
  • How to change the WordPress username? An easy step-by-step guide May 14, 2020
    Wondering how can you change WordPress username once you set up your blog or site? Read all about it in our helpful guide! The post How to change the WordPress username? An easy step-by-step guide appeared first on Meks.
    Ivana Cirkovic

Text

Distinctively utilize long-term high-impact total linkage whereas high-payoff experiences. Appropriately communicate 24/365.