Fund profile / Serbia

Fifth Quarter Ventures

Geography: Serbia
Stage: Pre-Seed
Fund size: €18.4M
Focus: AI/ML and Web3 Infrastructure
Signals: Published

N°01 / About

About Fifth Quarter Ventures

Fifth Quarter Ventures is a venture capital firm based in Serbia, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Web3 Infrastructure, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionSerbia

Funding StagePre-Seed

Industry Focus

AI/ML

Web3 Infrastructure

Investor Signals Profile

active

Sweet Spot

Proven founders building AI-first B2B SaaS, agents infrastructure

B2B SaaS

Swiss market

AI-first

proven teams

AI agents

data infrastructure

open-source

GraphRAG

agentic systems

long-horizon agents

Bullish Signals

Portfolio co nextesy exits stealth, 40+ employeesexternal

ETH & HSG ecosystem validation on portfolioexternal

Ex-bexio CRO joined portfolio co as CCOexternal

Unicorn-experienced Co-CEO added at nextesylinkedin

nextesy now scaling: CRM, ERP, invoicing suitelinkedin

ETH AI Center validates nextesy's AI-first buildlinkedin

2yr stealth → disciplined SMB go-to-marketlinkedin

Deyta stealth exit: GraphRAG memory for agentslinkedin

Khora outperforms existing RAG on accuracy/costlinkedin

Open-core + commercial roadmap validatedlinkedin

Khora benchmarks published, state-of-art performance provenlinkedin

Founders Igor Bogicevic, Miljan Tekic deep AI expertiselinkedin

Khora Python/Rust hybrid GraphRAG built for productionlinkedin

Exciting commercial roadmap planned post open-source releaselinkedin

Khora highest accuracy among GraphRAG benchmarks evaluatedlinkedin

Khora cost/performance comparable to simpler RAGlinkedin

Deyta addresses messy real-world data problemlinkedin

Commercially friendly open-source license, long-term commitmentlinkedin

Khora open-source released, production-ready hybrid architecturelinkedin

Deyta backed by Inovo.vc + Fifth Quarter Ventureslinkedin

Long-horizon agents = future of AI thesislinkedin

Founders solving structured knowledge + complex data retrievallinkedin

Contrarian Signals

Swiss-focused, niche geographic scopeexternal

Thesis expanding beyond fintech to AI infraexternal

Founder Do's

Show deep domain expertise (academic + practical)

Bring proven operators onto team

Validate quietly before scaling

Target SMB verticals with clear category

Open-source core, commercial wrapper model

Build for long-horizon autonomous systems

Solve structured knowledge retrieval for agents

Benchmark performance publicly vs competitors

Address real-world messy, complex data

Ship state-of-art performance with cost parity

Founder Don'ts

Launch without product-market validation

Skip key hires before market entry

Use vanilla RAG for complex agent memory

Ignore structured knowledge in agent design

39 signals on Fifth Quarter Ventures

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Facts

Fund Overview

Fund Size€18.4M

Saves0

Website

People

Key People

Edja Redin, Tihomir Bajić

Fifth Quarter VenturesFund

N°04 / See also

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