Drytools, a startup company based in Novi Sad, Serbia, has just acquired 300.000 Euros from the SC Ventures investment fund. Officially, this is the first investment for both the company and the fund. According to Startit, it is the highest investment a team at their Startup Academy ever received and also the biggest investment in a Novi Sad-based startup. SC Ventures announced that the investment is directed towards further development of tools and services, as well as growing the team.
Image credit: sc-ventures
The company managed to secure its funding from the Enterprise Innovation Fund, announced last September by SC Ventures. Drytools is the first company to become part of the investment portfolio of South Central Ventures, an investment fund worth 40 million Euros, which is looking to invest in tech companies founded in the Balkans i.e. in Montenegro, Albania, Kosovo, Macedonia, Bosnia, Serbia and Croatia. SC Ventures has its offices located in Zagreb, Skopje and Belgrade.