Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised South Central Ventures on its investment in drytools, startup based in Novi Sad, Serbia, operating in the software developing tooling sector, helping other start-ups, product companies and software consulting companies cut costs and reduce software development time.
South Central Ventures (SCV), with offices in Belgrade, Zagreb and Skopje, is a skilled and experienced professional team managing the Enterprise Innovation Fund (ENIF), a venture capital fund focusing on highly specialised, innovative small and medium-sized enterprises in the Western Balkans. Investors into ENIF are the European Commission (EC), the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD), Kreditanstalt für Wiederaufbau (KfW) together with institutional and private investors from the Western Balkans. The EUR 40 million fund is dedicated primarily to early stage and growth investments. Within the fund’s ‘seed pocket’, EUR 1.5 million is allocated for investments of up to EUR 100,000 per company. The majority of the fund is allocated for early stage and growth investments of up to EUR 3 million per company. These investments are intended to 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”.
Živković Samardžić team that has advised South Central Ventures on its investment in drytools was lead by partners Branislav Živković and Slobodan Kremenjak and senior associate Igor Živkovski. The firm will continue to support SCV with their continuing investments into small and medium-sized enterprises in Serbia.