The South Central Ventures (SCV) invests 1 million euros in the Serbian startup CUBE, the SCV announced on their website. The money is intended for CUBE to develop further their B2B Online platform.
This platform, as announced, will provide a one-stop-shop for access to both financial and digital performance of companies, in a much faster way, from reliable sources and with the ability to compare among each other.
‘We are aware of the rapidly growing need for data availability and customers’ data-driven decisions. That’s why after on-boarding more than 1,000 clients from diverse business sectors, we are moving towards a more universal platform that makes us more than just a premium financial data provider. At the same time becoming attractive to investors and to software developers who are looking to work on interesting projects and a brand new solution that is designed and created exclusively by us. SCV international network and their investment will enable us to grow stronger and faster. We are grateful and excited about this’, Marko Radojičić, CUBE’s co-founder said.
Reportedly, big data science, machine learning and smart blending of financial and soft data, will make the platform act as a live organism, learning and grow to become an irreplaceable source not only for sales or HR but students and researchers as well.
According to Jan Kobler, the SCV’s Managing Partner the decision to invest in this startup is mostly because of the CUBE’s team ability to execute solutions to the problems such as risk management and compliance.
„Business decisions are becoming increasingly data-driven and companies are looking for ways to be better informed about opportunities and risks. CUBE is addressing this problem and enables their clients to streamline processes in sales, risk management, and compliance. I was impressed by the CUBE founders’ ability to execute and am keen to see the company further grow in the region“, Kobler noted.
For SCV this is the eight investment in Cube so far and by far the largest made in Serbia. Founded in 2015, with offices in Belgrade, Zagreb and Skopje, SCV, through Enterprise Innovation Fund (ENIF), is focused on tech companies in the Balkans. The € 40 million fund invests to early stage and growth startups. Within the fund’s ‘seed pocket’, € 1.5 million is allocated for investments of up to € 100.000 per company.
On the other hand, founded in 2012, Serbian startup CUBE Risk Management Solutions is a leading business information company in Serbia, a company that provides business information and credit risk services. Specifically, the company provides risk assessment, reporting and monitoring services, market analysis, competition and trade intelligence to a large number of companies that are involved with their business on Serbian market, plan their expansion within this region or investigate their competition’s presence in this country.
Featured photo credit: South Central Ventures’ website
 invests 1 million euros in the Serbian startup CUBE. The money is intended for CUBE to develop their B2B Online platform.){kind=link}