South Central Ventures (SCV), a venture fund focused on tech startups and small and medium-sized tech companies in the Western Balkans, is wrapping up negotiations with one company in Serbia and another one in Macedonia, the fund’s managing partner Jan Kobler, managing partner told SeeNews.
The official, however, would not disclose further details about the two companies.
SCV, with committed funds of €40 million, does not have a specific amount of funding allocated to individual countries but takes investment decisions based on the opportunities that arise. Investments in a single company range from €100,000 to €3 million.
“The fund stays with a company for an approximately five year period, and after this period it starts looking for a strategic partner or a buyer for its stake,” Kobler explained.