News

Investment funds from Silicon Valley considering investments in Serbia

Wednesday, 04. Dec 2019.

A delegation of the Government of Serbia has talked to representatives of several of the biggest investment funds in the Silicon Valley, which manage tens of billions of dollars of investment capital, and invited them to consider the possibility of investing in Serbia.

Among them are Norwest and Felicis Ventures, funds which invest in companies all over the world – from startups and information technologies to healthcare. After talking with representatives of the Serbian government, they say that they are interested in considering cooperation with Serbia.

Norwest is an investment fund which manages a capital of over USD 7.5 billion and is one of the oldest companies in the Silicon Valley. It has operated for over 60 years, investing in several sectors, including IT, cyber security, AI, business and financial services, healthcare...

Headquartered in Palo Alto, California, Norwest has offices in San Francisco, as well as in Mumbai and Israel, and it has financed over 600 companies worldwide since its founding.

A manager at Norwest, Jon Kossow, told Tanjug after the meeting with the Serbian delegation that the company would look into the possibilities of cooperation with Serbia. He says that companies in which Norwest invests expand globally, looking for possibilities of establishing R&D centers, and that they are aware that Serbia has good engineers and talented people.

– I congratulate Serbia for its efforts to learn from other regions about investing in knowledge economy. Norwest would like to cooperate with Serbia in that sense and explore the possibilities of investing in Serbia.

Felicis Ventures point out that they are looking for the best entrepreneurs to support, regardless of which part of the world they come from.

– We know that Serbia supports startups and IT. We support companies all over the world, in Canada, Australia, Finland, and we hope that Serbia can be on that map – Wesley Chan, a Managing Director at Felicis Ventures, said for Tanjug.


Source: eKapija

12. Avg 2020.
Sale of Duga Fruit from Krusevac Being Prepared – Looking for Valuer

12. Avg 2020.
Property of Gosa Solko up for Sale – Forklift, Presses, Sheet Metal and Finished Products

11. Avg 2020.
ABB to Modernize Veliki Krivelj Copper Mine

10. Avg 2020.
Property of Autotransport Sokobanja Sold – Expres Komerc Becomes New Owner for RSD 17 Million

06. Avg 2020.
NIS Auctions Immovable Property

05. Avg 2020.
Delta Holding Still Interested in Purchasing Sava Centar

05. Avg 2020.
Air Serbia Posts Net Profit of EUR 9.5 Million in 2019

05. Avg 2020.
Argentina Agrees Restructuring of USD 65 Billion Debt

04. Avg 2020.
Public Debt of Serbia at 57.3% of GDP at the End of June

03. Avg 2020.
Ljubljana daily: Serbia remains attractive for capital from Slovenia

03. Avg 2020.
Serbia Second Fastest Growing Economy in Europe in 2Q

02. Avg 2020.
City Selling Sava Centar at Initial Price of EUR 27.4 Million – Requirements for Future Owner Known

31. Jul 2020.
American Economy Drops by 33% – Biggest Quarterly Drop Since Eisenhower Administration

31. Jul 2020.
Rio Tinto Approves Additional USD 200 Million for Jadar Project

30. Jul 2020.
MK Group Becomes Co-owner of a Shopping Center in Croatia

29. Jul 2020.
Johnson Electric Planning to Expand Factory in Nis

28. Jul 2020.
A leading real estate consultancy, CBS International, brokered the biggest investment transaction in

27. Jul 2020.
Factory of IMK 14. oktobar in Brus up for Sale – Initial Price RSD 51.24 Million

24. Jul 2020.
Air Serbia to Temporarily Discontinue Certain Flights Due to New Restrictions

24. Jul 2020.
Hotel in Banja Palanacki Kiseljak up for Sale

23. Jul 2020.
In what state is the Serbian economy meeting the new measures? – Payment deadlines extended

22. Jul 2020.
Moodys Confirms Credit Rating of Belgrade

21. Jul 2020.
Vocar Company from Merosina up for Sale – Value Estimated at EUR 2 Million

21. Jul 2020.
Air Serbia Launches Flight Pass Project – Saving up to 50% for Prepaid Flights

20. Jul 2020.
NBS Expects as Many Banks as Possible to Implement Loan Exemptions Which Start Today

20. Jul 2020.
Air Serbia Launches “Keep Boarding” Campaign – Pass Provides Discount at Hotels, Restaurants

20. Jul 2020.
Volkswagen Worlds Most Indebted Company

19. Jul 2020.
Meggle to Move Production from Croatia to Serbia and BiH?

17. Jul 2020.
European Commission: Serbias GDP Grows by 5% in Q1, Biggest in the Region

16. Jul 2020.
Germany to Provide EUR 5 Million in Banking Guarantees to Small and Medium Enterprises in Serbia