Zivkovic Samardzic 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, and competition and trade intelligence to companies operating on, planning to expand into, or investigating their competition's presence on the Serbian market.
SCV manages the Enterprise Innovation Fund (ENIF), a venture capital fund focusing on specialized and innovative small and medium-sized enterprises in the Western Balkans. Investors in ENIF — which invested last year in Dry Tools (as reported by CEE Legal Matters on March 16, 2016) and Belgrade-based start-up City Expert (as reported by CEE Legal Matters on July 4, 2016), with Zivkovic Samardzic advising on both — include the European Commission, the European Investment Fund, the European Bank for Reconstruction and Development, and Kreditanstalt fur Wiederaufbau, along with other institutional and private investors from the Western Balkans. The EUR 40 million fund is dedicated primarily to early stage and growth investments, and is intended to fuel international business expansion and growth. Its investment into CUBE Risk Management Solutions is the largest it has made in a Serbian company to date.
The Zivkovic Samardzic team advising SCV on its investment in CUBE Risk Management Solutions was led by Senior Associate Igor Zivkovski and included Senior Associate Ana Popovic and Associate Sava Pavlovic.