Živković Samardžić, one of the Serbia’s leading full-service independent law firms, has advised South Central Ventures (SCV) on its investment in CUBE Risk Management Solutions, a tech startup providing risk assessment, reporting and monitoring services, market analysis, competition and trade intelligence to companies operating on Serbian market, planning their expansion or investigating their competition’s presence within the region.
SCV manages the Enterprise Innovation Fund (ENIF), a venture capital fund focusing on highly specialized, innovative small and medium-sized enterprises in the Western Balkans, was the lead investor in dry Tools and will do its follow-ons in Alchemy. 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, intended to fuel the international business expansion and growth.
CUBE Risk Management Solutions investment is the largest in a Serbian company made by ENIF to date.
Živković Samardžić team that has advised SCV on its investment in CUBE Risk Management Solutions was led by Igor Živkovski, Senior Associate, and included Ana Popović, Senior Associate and Sava Pavlović, Associate.