HOME›REPORTS›SLOVENIA STARTUP FUNDINGQ3 2026 UPDATE

REPORT / Q3 2026 UPDATE / DATA TO 30 SEPTEMBER 2026

Slovenia startup funding report

Slovenian startups raised €5.3m in 8 rounds in the first nine months of 2026, against €8.6m in 9 rounds a year earlier.

Funding data for Slovenian startups is scattered. Rounds are announced by companies, funds, angel networks and the press, often months after they close, and no single database has them all or has them right.

This report builds one record from all of them. We cross check startup databases against company, investor and press announcements, take out grants and loans that are reported as rounds, and add the rounds that were never fully recorded.

It covers venture rounds and exits of startups headquartered in Slovenia, and of startups that started here and moved their headquarters abroad. It sets Slovenia against the ten largest CEE markets on the same record and rules.

We add a quarter every three months. If you are raising in Slovenia, it shows how many rounds close, at what size, and who writes the first cheques.

Highlights

€5.3m
Raised in 9M 2026
-38% on 9M 2025

€5.3m in the first nine months, down 38% on a year earlier (€8.6m). The largest round is Codeplain's €2.7m seed round, 51% of the total.

5
Seed and later rounds in 9M 2026
3 in 9M 2025

5 seed and later rounds this year, against 3 a year earlier, and 8 rounds in all against 9. Pre-seed is where the record of recent rounds is least complete, and its count will rise as late rounds surface.

0
Venture-backed exits in 9M 2026
1 in 9M 2025

No venture-backed exits by September, against 1 in the same months of 2025.

01 / THE MARKET

The market

Capital down 38% on the same months of 2025. Rounds: 8 against 9.

Capital raised by stage, € millions
SHOW DATA
Capital raised by stage
RowPre-seedSeedSeries AGrowthTotal
20241.33.0200.025
20250.99.00.00.09.9
9M 20260.15.20.00.05.3

Slovenia raised €25m in 2024 and €9.9m in 2025. The largest 2025 round, Sunrise Robotics' €7.7m, was 78% of that year. 2026 has €5.3m so far.

9M 2026 covers January to September 2026. The dashed line marks the same months of 2025.

Number of rounds by stage
SHOW DATA
Number of rounds by stage
RowPre-seedSeedSeries AGrowthTotal
2024831113
2025840012
9M 202634018

13 rounds in 2024, 12 in 2025 and 8 so far in 2026. Some rounds are recorded months late, so the latest quarters will rise.

Same months, like for like: 9M 2026 against 9M 2025
Year to date against the same months last year
Row9M 20259M 2026Change
Capital€8.6m€5.3m▼ -38%
Rounds98▼ -11%
Pre-seed rounds63▼ -50%
Seed rounds34▲ +33%
Series A rounds00-
Growth rounds01New
Capital by quarter, € millions

Quarter by quarter, capital swings with the timing of large rounds. The count of rounds is the steadier signal.

The latest quarter is still filling in and will rise.

02 / SLOVENIA IN THE REGION

Slovenia in the region

Slovenia raised €5 per person in 2025, 10th of the 11 countries compared here.

The same record and rules for Slovenia and the ten largest CEE markets, so the comparison is like for like. Capital per person divides each country's capital by its population.

Slovenia and the ten largest CEE markets, 9M 2026 against 9M 2025, most capital per person first
Capital and rounds by country, 9M 2026, with capital per person
Country€m 9M 2026ChangeRounds 9M 2026Change€ per person 2025€ per person 9M 2026
Estonia133▼ -48%39▼ -50%25897
Lithuania222▲ +26%30▼ -39%7577
Czechia515▲ +102%49▼ -11%2847
Bulgaria208▲ +100%23flat3232
Hungary119flat21▼ -38%1312
Slovakia55▼ -23%12▼ -33%2110
Ukraine282▲ +336%50▼ -29%27
Romania123▲ +34%32flat96
Poland230▼ -9%69▼ -25%106
Latvia12▼ -84%4▼ -75%436
Slovenia5▼ -38%8▼ -11%52

Population on 1 January 2025.

Slovenia and its neighbours, capital by year, € millions
SHOW DATA
Slovenia and its neighbours, capital by year
Row202420259M 2026
Slovenia25105
Hungary59122119
Slovenia and its neighbours, rounds by year
SHOW DATA
Slovenia and its neighbours, rounds by year
Row202420259M 2026
Slovenia13128
Hungary484521

In 2025, Slovenia closed 12 rounds, against 45 in Hungary.

03 / STAGES AND ROUND SIZES

Stages and round sizes

Round counts by stage, and the typical round where enough amounts are disclosed.

Rounds by company stage. Where one round can move a stage's total, the count and the typical round tell more than the capital.

Rounds, capital and median round by stage
Rounds, capital and median round size by stage and year
RowRounds 2024€m 2024Rounds 2025€m 2025Rounds 9M 2026€m 9M 2026Median 2024Median 2025Median 9M 2026
Pre-seed8€1.3m8€0.9m3€0.1m€0.2m--
Seed3€3.0m4€9.0m4€5.2m--€1.3m
Series A1€20m0-0----
Growth1-0-1----

Median shown where at least three rounds of the stage disclosed an amount.

Pre-seed

Eight rounds in 2024, 8 in 2025 and 3 so far in 2026.

Seed

Three rounds in 2024, 4 in 2025 and 4 so far in 2026.

Series A

One round in 2024, 0 in 2025 and 0 so far in 2026.

Growth

One round in 2024, 0 in 2025 and 1 so far in 2026.

04 / SECTORS

Sectors

AI raised the most this year: €2.8m in four rounds.

By number of rounds since 2024, the largest sectors are AI (17), enterprise software (7) and health and bio (6). A company can sit in several sectors, so sector totals overlap.

Capital by sector, € millions
SHOW DATA
Capital by sector
Row202420259M 2026
AI238.22.8
Enterprise software1.50.02.7
Fintech0.00.01.4
Health and bio0.00.01.2
Energy and climate2.00.00.0
Hardware and robotics0.38.20.0
Marketing and media0.21.30.0
Food and agri0.00.00.0

Ranked by 9M 2026 capital. Sectors overlap.

Rounds by sector
SHOW DATA
Rounds by sector
Row202420259M 2026
AI584
Enterprise software331
Fintech002
Health and bio033
Energy and climate510
Hardware and robotics221
Marketing and media210
Food and agri100

Same sectors, counted by number of rounds.

05 / LARGEST ROUNDS

Largest rounds

The largest round this year: Codeplain, €2.7m.

Largest rounds, 9M 2026
Largest rounds 9M 2026
CompanyStageAmountMonthLead or first investor
CodeplainSeed€2.7mJun 2026GapMinder Venture Partners
DDD InvoicesSeed€1.3mMay 2026Fil Rouge Capital
FRESH 32Seed€1.2mMay 2026AYMO Ventures
CryptoUnityPre-seed€0.1mMay 2026Business Angels of Slovenia

Rounds with a disclosed amount.

Largest rounds, 2025
Largest rounds 2025
CompanyStageAmountMonthLead or first investor
Sunrise RoboticsSeed€7.7mJun 2025Plural
KatalistAISeed€1.3mDec 2025South Central Ventures
ClozerAIPre-seed€0.5mAug 2025Silicon Gardens
Mono TechnologiesPre-seed€0.5mSep 2025Undisclosed

06 / STARTED IN SLOVENIA, BASED ELSEWHERE

Started in Slovenia, based elsewhere

Six rounds since 2024 by companies that started in Slovenia and are based elsewhere. They count in the totals.

Companies that started in Slovenia, or keep their main team here, but are headquartered elsewhere. They count in the totals, under Slovenia. Companies that Slovenian founders built abroad, with no base here, are not included.

Rounds since 2024, newest first
Rounds of companies started in Slovenia and based elsewhere
CompanyBased inAmountMonthIn totals
CodeplainUnited States€2.7mJun 2026Yes
KatalistAIUnited States€1.4mDec 2025Yes
ClozerAIUnited States€0.5mAug 2025Yes
CodeplainUnited StatesUndisclosedApr 2025Yes
ReduxiAustria€3.1mJul 2024Yes
ZenOwnSwitzerlandUndisclosedOct 2024Yes

07 / INVESTORS

Investors

Fil Rouge Capital joined the most pre-seed and seed rounds since January 2025: 4.

Most active at pre-seed and seed since January 2025: Fil Rouge Capital (4 rounds), Silicon Gardens (4 rounds) and Vesna VC (4 rounds). Investors are ranked by the rounds they joined, led or followed, over 2025 and 2026 together.

Most active at pre-seed and seed, 2025 to 9M 2026
Most active pre-seed and seed investors in Slovenia
InvestorBased inRoundsLed
Fil Rouge CapitalLuxembourg44
Silicon GardensSlovenia43
Vesna VCCroatia43
Business Angels of SloveniaSlovenia21
Tivoli VenturesSlovenia21
AYMO VenturesCroatia11
GapMinder Venture PartnersNetherlands11
PluralUnited Kingdom11
South Central VenturesSlovenia11
500 GlobalUnited States10
Most active from Series A, 2025 to 9M 2026
Most active Series A and growth investors in Slovenia
InvestorBased inRoundsLed
Lauxera Capital PartnersFrance10
Rounds with at least one investor based outside CEE
SHOW DATA
Share of rounds with an international investor
Row202420259M 2026
All rounds80%46%50%

Rounds with a fund from outside CEE: 80% in 2024, 46% in 2025 and 50% in 2026 so far, of rounds where investor headquarters are known.

Share of rounds where investor headquarters are known: 10 in 2024, 11 in 2025, 8 in 9M 2026.

08 / EXITS

Exits

The most recent: Flexkeeping, bought by Mews, September 2025.

Two venture-backed exits since 2024: 1 in 2024, 1 in 2025 and 0 in 2026 so far. Deal values are rarely disclosed, so we count exits instead of summing them.

Venture-backed exits since 2024
Exits since 2024
CompanyMonthTypeBuyer
FlexkeepingSep 2025AcquisitionMews
Eligma (NAKA)Aug 2024AcquisitionTether

09 / METHODOLOGY

Methodology

What the report covers

Period: January 2024 to September 2026. Past years are shown in full. The current year runs to the end of the last complete quarter.

Companies: startups headquartered in Slovenia, and startups that began there or keep their main team there and later moved their headquarters abroad. Every kind of startup is included: software and hardware, business and consumer.

Events: venture funding rounds, and exits (acquisitions, buyouts and stock market listings).

Sources: public sources only, namely startup databases, company, investor and angel network announcements, and the press.

Every round and exit named in the report links to its announcement. Totals, changes and charts are built from all rounds and are not linked.

This edition covers 33 venture rounds (17 with a disclosed amount) at 29 companies, and 2 exits. Next update: January 2027, adding Q4 2026.

Stages

Stages are the label the company announced or the source assigned. Where a label clearly does not fit the size of the round, such as a very large round called seed, the round is placed by its size. Where there is no label, round type and size decide.

How it is counted

  • Funding rounds are equity and convertible venture rounds, including angel network rounds. Grants, loans, state support programmes, crowdlending, secondary sales and investments after a listing are not counted.
  • Amounts are in euros, converted at about 1.10 US dollars to the euro. Rounds without a disclosed amount count toward the number of rounds but not toward capital.
  • Companies that are not startups are left out even when they raise venture money, such as established manufacturers, service firms and lenders.
  • Rounds and exits are cross-referenced against company, investor and press announcements where possible.

Limits

  • Public data does not capture every round, so counts are a floor. Small angel rounds are the most likely to be missing.
  • Some rounds are recorded months after they happen. Each update adds them to the month they happened in, so recent quarters, the latest above all, will rise.
  • Slovenia's record includes our own search of local press, investor portfolios and companies based abroad (October 2026), which added rounds the startup databases had missed.
  • Where a country raises a few dozen rounds a year, one round can move a total by more than half. Read changes in capital with the largest round in mind.
  • Slovenia's record was built in October 2026 from the investors active in Slovenian startups, their portfolios and posts, and the press. It holds most of the disclosed capital, but small rounds that were never announced are missing more often than in the larger CEE markets, where a startup database adds rounds the press never reports.

RESEARCH AND ANALYSIS: BADIDEAS.FUND.

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