A founders-for-founders early-stage technology fund for the Adria region, investing across B2B SaaS, marketplaces, consumer apps and innovative direct-to-consumer products.
Founded —
Type Venture capital 3 Fund III 2023-06 2023-06 — Official EUR33m+ (lower bound), newcompanyperiod throughsummer2027; firstclose2024-06-30 EUR24.53m perawards, historicEUR30m target; governmentEUR32.5/33m unexplained. Precision/chronology unresolved; amountnull.
Fund II 2019 2019 €6M Fully investedSeptember2024.
Fund I 2014 2014 €300K Experimental vehicle teninvestments.
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No co-investors on record yet.
team@apexlogos.ai · 9 hours ago
Investment-fund research reviewed 2026-10-06. Publicly identified funds, dates, amounts and fundraising status are below. Undisclosed commitments remain unknown; this is not a complete register of private SPVs or parallel entities.
Fund size and investment stages
| Fund / metric | Finding and status | Supporting source and date |
|---|---|---|
| Fund III | **€33+ million**, launched **June 2023**, new-company investment period until **summer 2027**. Latest-known official fund; webpage reports operational fund size but gives no exact final-close date or precise total beyond the plus sign. | [Official portfolio](https://www.silicongardens.com/portfolio ), undated, accessed 2026-10-06. |
| Fund III historical first close / target | Awards description says first close **30 June 2024**, **€24.53m** from 102 investors; **€30m target**, final-close window to **31 March 2025**. June 2023 launch and June 2024 first close are distinct events, potentially consistent; exact legal chronology remains unverified. | [BestInvest Awards 2025](https://bestinvest.hr/awards-2025/ ), 2025 award page, exact publication date unavailable, accessed 2026-10-06. |
| Fund III corroborating public figures | Government documents describe **€32.5m** and **€33m**. Potential rounding, timing or programme-scope difference from €33+; not reconciled. Do not sum these or treat them as separate funds. | [Slovenia Annual Progress Report 2026](https://www.gov.si/assets/ministrstva/MF/ekonomska-in-fiskalna-poltika/Letno-porocilo-o-napredku/Annual-Progress-Report-2026.pdf ), 2026; [Development Incentives Plan 2026](https://www.gov.si/assets/ministrstva/MGTS/Dokumenti/DRS/Nacrt-razvojnih-spodbud/2026/Nacrt-razvojnih-spodbud-2026.pdf ), 2026; accessed 2026-10-06. |
| Fund II | **€6m**, launched **2019**, fully invested **September 2024**. | [Official portfolio](https://www.silicongardens.com/portfolio ), undated, accessed 2026-10-06. |
| Fund I | **€300,000**, launched **2014**, experimental vehicle with ten investments. | [Official portfolio](https://www.silicongardens.com/portfolio ), undated, accessed 2026-10-06. |
| Current initial ticket | **€300,000–€1.5m**, an initial check range, not fund size or AUM. | [Official homepage](https://www.silicongardens.com/ ), undated, accessed 2026-10-06. |
The official homepage explicitly states **pre-seed and seed**, with founders connected to Adria and CEE. Sector strategy includes network-effect businesses/marketplaces, B2B SaaS, consumer digital products and innovative D2C products. A **22 March 2023** interview described future Fund III checks of **€100k–€2m**, average €500k: [Poslovni dnevnik](https://www.poslovni.hr/?p=4382530 ). This is a historical plan; the current official €300k–€1.5m initial-ticket statement should take precedence for current strategy. No separately verified firmwide AUM or Fund IV was found in the checked newer sources.
Funds recorded in Adex after this review:
| Fund | Disclosed amount | Announcement / filing date |
| --- | --- | --- |
| Fund I | EUR 300000 | 2014 |
| Fund II | EUR 6000000 | 2019 |
| Fund III | Undisclosed / unverified | 2023-06 | SHOW MORE
team@apexlogos.ai · 10 hours ago
Match research 2026-10-06 / SiliconGardens / sha256:a663ebe64cb917a9a6e8f26917409cd68cab060652a582fcd868ae7be8008417 / part 2 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
| **Bird Buddy** | Connected camera/sensor bird feeder with AI species identification: applied AI hardware, weaker evidence of frontier deep-tech novelty. | [Investee announcement](https://blog.mybirdbuddy.com/post/bird-buddy-raises-8-5m-to-reconnect-people-with-nature ), **9 December 2021**, confirms backing by **Silicon Gardens Fund II and partners** around its November 2020 launch and reports a later **$8.5m seed** led by BACKED with General Catalyst. It does not unambiguously give Silicon Gardens' participation or check in that later round; firm portfolio verifies Fund II ownership. |
## Neurotech search and adjacent companies
**No verified neurotech investment found in the sources checked.** Searches for Silicon Gardens with neurotech/neurotechnology, brain, EEG and brain interfaces produced no attributable direct neural-device, BCI or neuromodulation investment. This is a bounded public-source finding, not proof that no such investments exist.
**Phylo** is broad biomedical research tooling, not verified neuroscience-specific drug discovery. **Blub Blub / Speech Blubs** appears in Fund II and is described as a speech-therapy consumer app; **Mediately** is a drug directory/clinical decision-support product, **Curoflow** telemedicine, and **Chime Care** home-care software. These are healthcare/therapy-adjacent and should not be labeled direct neurotech on these facts. Attribution and product descriptions: [official portfolio](https://www.silicongardens.com/portfolio ), undated, accessed 2026-10-06.
## Uncertainty and later Adex review notes
- Reconcile Fund III **€33+**, public-document **€32.5m/€33m**, historic **€30m target**, and June 2023 launch versus June 2024 first close before entering a precise closed amount/date. Do not replace fund size with an AUM estimate from a directory.
- Current official ticket and stage evidence can support a later review; keep historical €100k–€2m plan separate.
- Existing null investment dates/stages should remain unknown unless tied to a specific cited transaction. FotoNation and Arkensight have strong dated round evidence; Veeda and Phylo have explicit firm participation announcements.
- Official portfolio extraction repeats entries and appends “EXIT” to virtually every company. This appears to be a layout/filter artifact; do not infer exits. Current portfolio also includes Fictional and HiringCafe, absent from the September baseline; verify before any later update.
- Partners/LPs built companies such as Microblink, Photomath, Outfit7 and Cosylab, as shown on the team/homepage. Their entrepreneurial histories are not evidence Silicon Gardens invested in those businesses.
- NFX's gated deal list and zero range are incomplete; no independently verified neural-technology deal was recovered. Undisclosed portfolio holdings and future disclosures could change this conclusion.
- No updates were made to Adex; this file is the review handoff. All web sources were accessed **2026-10-06**; publication dates are stated where available. SHOW MORE
team@apexlogos.ai · 10 hours ago
Match research 2026-10-06 / SiliconGardens / sha256:a663ebe64cb917a9a6e8f26917409cd68cab060652a582fcd868ae7be8008417 / part 1 of 2
Imported completed research. Baseline Adex/Signal statements describe prior state, not independent verification. Retain cited attribution, date, currency and classification caveats.
# Silicon Gardens
- **Exact Adex ID:** `SiliconGardens`
- **Canonical Adex URL:** https://adex.page/firms/SiliconGardens
- **Research date:** 2026-10-06
- **Status:** completed focused research; research only, no Adex mutations.
Silicon Gardens is an entrepreneur-led early-stage venture firm connecting Adria/CEE founders with Silicon Valley. Its current mandate explicitly covers pre-seed and seed. The latest-known fund is Fund III, described by the firm as **€33+ million**. Verified deep-tech exposure includes **FotoNation, Veeda AI, Phylo and Arkensight**; **Juicy Marbles** is a defensible food-tech candidate and **Bird Buddy** is applied AI hardware rather than unambiguously frontier deep tech. **No verified neurotech investment found in the sources checked.**
## Starting evidence: Adex MCP and NFX Signal
The read-only MCP Search snapshot was retrieved **2026-10-06 19:28:52 UTC**, with `_type: Org`, term `Silicon Gardens`, and label `Match`; the exact returned record is `SiliconGardens`, investor ID 6087. The baseline describes an Adria founders-for-founders investor in B2B SaaS, marketplaces, consumer apps and innovative D2C products. It has nine team-role records and 54 investment participations, including FotoNation, Veeda AI, Phylo, Arkensight, BIRDBUDDY, Juicy Marbles and Blub Blub. Their dates, stages and amounts are null; sources cite the official portfolio researched **2026-09-14**. Check range and sweet spot are null and no NFX URL is stored. These baseline investment claims were starting leads, not independently verified transaction data. Snapshot: `data/research/_sources/SiliconGardens.adex.json`; original site sources: https://www.silicongardens.com/ , https://www.silicongardens.com/portfolio and https://www.silicongardens.com/team .
NFX Signal was searched next, then directly read:
- [Firm profile: Silicon Gardens Fund II](https://signal.nfx.com/firms/silicon-gardens-fund-ii ), undated, accessed **2026-10-06**: lists Jugoslav Petkovic, seed/pre-seed rankings including hardware, food/beverage and consumer health. Displays **$0–$0 range and $0 sweet spot**, which should be treated as missing/default values, not actual check sizes.
- [Jugoslav Petkovic profile](https://signal.nfx.com/investors/jugoslav-petkovic ), undated, accessed **2026-10-06**: identifies him as investor and investment committee member at Fund II. Its header says six investments while its gated table says four; named investments require sign-in. Historical personal deals and co-investor lists cannot safely be attributed to the fund. Signal's Fund II naming does not establish the current fund or current team composition.
## Fund size and investment stages
| Fund / metric | Finding and status | Supporting source and date |
|---|---|---|
| Fund III | **€33+ million**, launched **June 2023**, new-company investment period until **summer 2027**. Latest-known official fund; webpage reports operational fund size but gives no exact final-close date or precise total beyond the plus sign. | [Official portfolio](https://www.silicongardens.com/portfolio ), undated, accessed 2026-10-06. |
| Fund III historical first close / target | Awards description says first close **30 June 2024**, **€24.53m** from 102 investors; **€30m target**, final-close window to **31 March 2025**. June 2023 launch and June 2024 first close are distinct events, potentially consistent; exact legal chronology remains unverified. | [BestInvest Awards 2025](https://bestinvest.hr/awards-2025/ ), 2025 award page, exact publication date unavailable, accessed 2026-10-06. |
| Fund III corroborating public figures | Government documents describe **€32.5m** and **€33m**. Potential rounding, timing or programme-scope difference from €33+; not reconciled. Do not sum these or treat them as separate funds. | [Slovenia Annual Progress Report 2026](https://www.gov.si/assets/ministrstva/MF/ekonomska-in-fiskalna-poltika/Letno-porocilo-o-napredku/Annual-Progress-Report-2026.pdf ), 2026; [Development Incentives Plan 2026](https://www.gov.si/assets/ministrstva/MGTS/Dokumenti/DRS/Nacrt-razvojnih-spodbud/2026/Nacrt-razvojnih-spodbud-2026.pdf ), 2026; accessed 2026-10-06. |
| Fund II | **€6m**, launched **2019**, fully invested **September 2024**. | [Official portfolio](https://www.silicongardens.com/portfolio ), undated, accessed 2026-10-06. |
| Fund I | **€300,000**, launched **2014**, experimental vehicle with ten investments. | [Official portfolio](https://www.silicongardens.com/portfolio ), undated, accessed 2026-10-06. |
| Current initial ticket | **€300,000–€1.5m**, an initial check range, not fund size or AUM. | [Official homepage](https://www.silicongardens.com/ ), undated, accessed 2026-10-06. |
The official homepage explicitly states **pre-seed and seed**, with founders connected to Adria and CEE. Sector strategy includes network-effect businesses/marketplaces, B2B SaaS, consumer digital products and innovative D2C products. A **22 March 2023** interview described future Fund III checks of **€100k–€2m**, average €500k: [Poslovni dnevnik](https://www.poslovni.hr/?p=4382530 ). This is a historical plan; the current official €300k–€1.5m initial-ticket statement should take precedence for current strategy. No separately verified firmwide AUM or Fund IV was found in the checked newer sources.
## Previous deep-tech investments
Classification below is an analytical judgment based on the described technology, separate from the evidence proving investment attribution. Round amounts are total syndicate rounds unless expressly stated; Silicon Gardens' own contribution is generally undisclosed.
| Company | Technology and investment evidence | Round / date / limits |
|---|---|---|
| **FotoNation** | Low-power perception-AI semiconductor, hardware-accelerated vision and multimodal sensor processing. The investee confirms a round co-led by Enterprise Ireland and Silicon Gardens to develop its TriSilica chip. | **Pre-A**, announced **11 May 2026** by [FotoNation](https://fotonation.com/company-news/fotonation-completes-a-pre-a-round-to-fund-the-development-of-its-trisilica-chip-lead-by-enterprise-ireland-and-silicon-gardens ). [Silicon Gardens announcement](https://www.silicongardens.com/news/fotonation-joins-silicon-gardens ), undated, accessed 2026-10-06, calls it **€3m**. Investee round nomenclature preferred over aggregator seed/pre-seed tags. |
| **Veeda AI** | Research-heavy multimodal world models for simulation and training embodied/robotic intelligence. [Company site](https://veeda.ai/ ), undated, accessed 2026-10-06, verifies the technical focus. | [Firm announcement](https://www.silicongardens.com/news/we-invested-in-veeda-ai ), **August 2026**, explicitly confirms participation in **more than US$90m founding round**, co-led by Khosla Ventures and Radical Ventures. Firm check undisclosed; founding round is the firm's wording, not a later growth round. |
| **Phylo** | AI agents for biomedical experimentation, discovery and scientific workflows; Stanford-rooted applied research, currently Biomni Lab. [Company site](https://phylo.bio/ ), undated, accessed 2026-10-06, verifies biology research focus. | [Firm announcement](https://www.silicongardens.com/news/new-investment-phylo---a-new-ai-frontier-in-drug-discovery ), **November 2025**, confirms participation in **US$13m seed**, co-led by a16z and Menlo Ventures. No neurological-specific investment thesis verified. |
| **Arkensight** | Computer vision combining drone, satellite and other visual streams for critical infrastructure intelligence. Deep-tech candidate due to visual-data integration/AI; scientific novelty not independently audited. | **€600,000 pre-seed**, led by Silicon Gardens alongside LP Damir Sabol. [Official announcement](https://www.silicongardens.com/news/silicon-gardens-invests-in-arkensight-to-power-the-future-of-visual-intelligence ), **May 2025**; corroborated by [Netokracija interview](https://www.netokracija.com/arkensight-izet-zdralovic-domagoj-coric-investicija-silicon-gardens-234867 ), **5 May 2025**. |
| **Juicy Marbles** | Alternative-protein whole cuts; official portfolio describes a proprietary scalable process producing meat-like structure. Food-tech candidate; patent scope and technical moat not independently checked. | Listed in **Fund II** by [official portfolio](https://www.silicongardens.com/portfolio ), undated, accessed 2026-10-06. Investment date, firm contribution and exact round not verified. [World Fund press index](https://www.worldfund.vc/press ), undated, accessed 2026-10-06, links a $4.5m fundraising story, but that alone does not establish Silicon Gardens participation in that round. | SHOW MORE
team@apexlogos.ai · 22 days ago
MATCH 
