Vesna Advisors
Venture capitalLuxembourg · Pre-Seed–Series A · 6 people tracked
Investment thesis
Vesna is the first Slovenian-Croatian deep tech fund, backing early-stage innovations originating from public or private R&D institutions in Slovenia and Croatia. It sources cutting-edge technologies through partnerships with research institutions and transfers them into commercially viable startups, working alongside industry partners and expert advisors. The fund targets companies with a technology readiness level of 3 or higher, registered and operating primarily in Slovenia or Croatia. It focuses on three ESG-aligned sectors under the Invest EU program: Climate & Environment Tech, Advanced Materials & Enabling Tech, and Artificial Intelligence & ICT, aiming to solve the planet's most critical challenges.
Source: firm website, verified Aug 7, 2026.
Team · 6 people
from the firm's website
What they invest in
from 27 of 39 portfolio companiesAI & Machine Learning ×14Digital Health ×10Biotech ×5Medical Devices ×5Deep Tech ×4SaaS ×3Circular Economy ×2Cybersecurity ×2
HQs:Croatia×5Slovenia×2United States×2
Investments · 39 tracked
founders shown can be your intro pathAINATIVE builds autonomous intelligence software for fraud detection and risk decisioning, aimed at regulated institutions in banking and payments, insurance, and telecommunications.
AI & Machine LearningCybersecurityFintech
DELTAsort makes a retrofittable robotic sorting station built around a high-speed delta robot and AI classification models that detect and extract recyclable materials such as clear PET, colored PET, and aluminum cans from household plastic waste.
AI & Machine LearningCircular EconomyRobotics
EMHANCE is an early-stage medical device startup developing a portable, non-invasive neurostimulation system that delivers low-frequency pulsed electromagnetic fields to the brain, using integrated sensors and an AI-driven feedback loop to adapt stimulation to the individual.
AI & Machine LearningDigital HealthMedical Devices
Filip Slatković(Co-founder (Medical Device Engineer))Jasmina Isaković(Co-founder & CEO)Dinko Mitrečić(Co-founder)
FlyUP Bio develops black soldier fly (Hermetia illucens) farming technology to convert food-industry and agricultural by-products and biowaste into animal-feed proteins, lipids, and organic fertilizer (frass).
AgTechBiotechCircular EconomyZagreb, HR
Karla Gašparić(Research and Development)in
Faculty of Mechanical Engineering and Naval Architecture (Fakultet strojarstva i brodogradnje) of the University of Zagreb, offering undergraduate, graduate, and doctoral programs and conducting research in mechanical engineering, naval architecture, and aeronautics.
EdTechZagreb, HR
Enpulse is an AI-powered energy management system for electricity metering, monitoring, and control aimed at improving energy efficiency for homes and SMEs.
AI & Machine LearningCleantechEnergyZagreb, HR
GlycanAge offers an at-home biological age test that analyzes IgG glycan patterns to measure chronic inflammation ("inflammaging") and its effect on aging.
BiotechDigital HealthLongevity
R&D partner: Biotechnical faculty Ljubljana
Holonet Creator is a browser-based web platform for creating and sharing immersive 3D experiences, using generative AI, Gaussian Splatting, and other AI modules to build virtual worlds from prompts or digital twins from scans.
AI & Machine LearningCreator EconomyGaming
Darian ŠkaricaVedran ŠkaricaMatija Manđurov(Lead Developer)
Legit provides a Data Privacy Management (DPM) product that discovers where sensitive and personal data resides across an organization's environment to support risk management, regulatory compliance, audit readiness, and cybersecurity.
CybersecurityData & InfrastructureEnterprise Software
BravoView offers a DICOM viewer paired with an AI-driven Lumbar Spine Analyzer that automates labeling, measurements, and pathology detection for lumbar spine MRI, helping radiologists read studies faster.
AI & Machine LearningDigital HealthMedical Devices
MediGuide develops 3D bioprinted soft-tissue models and VR/AR simulations built from diagnostic images to support surgeons with preoperative planning and surgery rehearsal.
AI & Machine LearningDigital HealthMedical DevicesLjubljana, SI
Metabelly focuses on gut health and digestion, translating scientific research about the microbiome into practical guidance for consumers dealing with everyday health challenges.
ConsumerDigital HealthWellness & Fitness
Ena Melvan(PhD)
3D Kinetics offers a smartphone-based movement analysis application that uses AI and kinesiological algorithms to assess physical performance, detect imbalances, and predict or prevent injuries.
AI & Machine LearningDigital HealthSports Tech
MyCol d.o.o. develops smart labels made with temperature-sensitive chromogenic materials that change color when a specific temperature is exceeded, detectable by eye or video camera without a power supply or IT network.
Deep TechLogistics & Supply ChainNew MaterialsLjubljana, SI
Marta Klanjšek GundeKarin Žvokelj(Acting Director)
P3 Therapeutics is developing a new class of anti-inflammatory small chemical molecules and works with partners on a humanized gut-entheseal organ-on-chip platform to study their mechanism of action, pharmacokinetics, pharmacodynamics, and biomarkers.
BiotechDeep TechHealthtech
The Faculty of Pharmacy and Biochemistry offers pharmacy and biochemistry degree programs, including a Pharmacy programme in English aligned with EU Directive 2005/36/EC for EU/EEA registration.
EdTech
SKAI LABS develops artificial intelligence software for optimizing air traffic management and airspace utilization, serving airlines and aviation systems.
AI & Machine LearningDeep TechMobility & Transportation
Specally develops AI software that enhances existing diagnostic tools like dermoscopes, reconstructing hyperspectral data from standard dermoscopy images to detect skin cancer and other skin conditions.
AI & Machine LearningDigital HealthMedical Devices
R&D partner: Faculty of Medicine Maribor
Workflow AI turns conversations, videos and existing documents into structured work instructions, SOPs and training guides, and delivers step-by-step guidance and instant answers to workers via phone and headset with live translation across 50+ languages.
AI & Machine LearningFuture of WorkHR Tech
Frequently asked questions
- What stage does Vesna Advisors invest at?
- Vesna Advisors invests at the Pre-Seed, Seed, Series A stages.
- What is Vesna Advisors's typical check size?
- Vesna Advisors typically writes checks of $200K – $700K.
- What sectors does Vesna Advisors focus on?
- Vesna Advisors focuses on Advanced Manufacturing, AgTech, AI & Machine Learning, Biotech, Circular Economy, Cleantech, Climate Tech, Cybersecurity, Data & Infrastructure, Deep Tech, Defense Tech, Energy, Fintech, FoodTech, Healthtech, IoT, Media & Entertainment, Mobility & Transportation, New Materials, Quantum Computing, Robotics, Semiconductors, Space Tech.
- Where is Vesna Advisors located?
- Vesna Advisors is headquartered in Luxembourg, LU.
- Does Vesna Advisors lead rounds?
- Yes, Vesna Advisors leads investment rounds.
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