South Central Ventures (SCV), the manager of ENIF, is open for investments in startups in Macedonia, Albania, Kosovo, Croatia, Serbia, Montenegro, and Bosnia and Herzegovina. This October, the fund officially started operating with offices in Belgrade, Zagreb and Skopje. The Skopje team, led by Managing Partner Tatjana Zabasu, with Investment manager Ivana Stankovic and Associate Irena Efremovska, is responsible for covering Macedonia, Montenegro, Albania and Kosovo.
How can Macedonian startups approach the South Central Ventures office?
South Central Ventures tend to be “start-up (or entrepreneur) – friendly”, so it should be quite easy to get to us. The best place to start from is definitely a recommendation, but we will also be present in as many events as possible, so start-ups can feel free to approach us and present their businesses. In fact, we’ll be at the upcoming Startup Weekend Skopje.
South Central Ventures do not operate like most of the accelerators that periodically invite start-ups to apply to get into their programs and get their funding. One can approach us whenever they feel ready to present their business. We would therefore use this opportunity and invite companies to approach us before they run out of money and desperately need an investment to continue operation, so that we can get to know them and learn more about what they do.
What kind of startups do South Central Ventures invest in?
The main focus is on startups and early stage companies that exploit new web, IoT, SaaS and similar technologies, catering to global client base, primarily with their B2B business models. Life science or nanomaterial companies are among those which are out of the scope of South Central Ventures, since those are too much capital intensive industries.
The wanted startup DNA: dream and do it BIG!
South Central Ventures is open only for startups that dream and do it big. Target are the most promising, high growth tech companies that aim to take their business global. Basically, South Central Ventures want to see the most ambitious, fresh-thinking, brave and relentless teams that work on conquering international markets. This is a fund for Earth-shakers, building solutions that disturb their industry and serve large global client base. Startups that limit their ambitions to local markets only are out of SCV’s investment focus.
What comes first: excellent team or good product?
Technology evolves fast, markets change… What remains constantly valued is an exceptional team of problem solvers, who are fully dedicated to international growth and expansion of the business. Thus South Central Ventures due diligence process is thus focused on the team, not only to the technology and solution.
At what stage are the investments made?
South Central Ventures is dedicated primarily to early stage and growth investments.Within the fund’s ‘seed pocket’, 1.5 million EUR are allocated to investments of up to 100 000 EUR per company. The majority of the funds is allocated for early stage and growth investments ranging from 0.5 – 2 million EUR per company. These investments should fuel the international business expansion and growth of the most promising tech startups that can show traction and prove their potential to “make it big”.
More than just money!
South Central Ventures go beyond financial investments and add additional value by leveraging the experience, knowledge and social capital of its ‘Founders’ Club’ members. The startups get smart money and are able to tap into the pool of the successful entrepreneurs, investors and mentors with extensive experience, and global personal networks. Hence the SCV motto is: Regional expertise – global reach.
Looking forward to meeting all the great teams and ideas at Startup Weekend Skopje!