We are Proficio!

Proficio is a publicly traded Croatian company with over 11,000 shareholders. We strive to achieve sustainable value appreciation by encouraging and supporting innovation and entrepreneurship.
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We contribute to Croatia’s economic development by providing equity financing to new, potentially transformative businesses and social initiatives. Proficio also assists established companies to restructure and experiment with new ideas. As long-term investors, we look to benefit not just from each individual investment but also from helping to create a more robust overall economy, where motivated business and community leaders can realize their potential without emigrating. We are proud of our track record of supporting some of the better-known and more successful Croatian start-ups and non-profit initiatives. We are also content with our failures – because there are rarely more helpful learning experiences.

Interesting facts

  • Proficio was the first and largest investor in some of Croatia’s most successful start-ups
  • All our venture investments and property acquisitions have been realized without debt
  • We provide risk capital to young businesses and social entrepreneurs with innovative ideas
  • We actively work with and support the management of our investee companies
  • We have organized U.S. Government grants and political risk insurance for several of our investee companies
  • We also invest in U.S. based venture projects to diversify and benefit from cross-fertilization


We work to improve the companies we own through hands-on management and targeted investment.

Pine Beach Pakoštane

Pine Beach Pakoštane is an all-inclusive family-oriented tourist resort situated in a thick pine forest on a unique sandy cove with a kilometer-long beach. Originally built by Club Med, the resort is in an ideal location between [...]

Hotel Angelo d'Oro and apartments

Hotel Angelo d’Oro is located in Rovinj’s old town, inside a 17th-century bishop’s palace, and is one of the region’s leading boutique hotels. With its charming interior design, attractive room layout, period [...]

Iskon Internet

Proficio’s first venture investment became Croatia’s most prominent start-up – Iskon Internet. Within a year, our initial financial contribution enabled Iskon to increase the number of its employees, [...]
August 1 2018

Proficio Wins 17 Year Legal Battle

Proficio was notified today that the County Court in Zagreb ruled in its favor as the legal successor to Voucher Privatization Fund Expandia, confirming that the Republic of Croatia failed to comply with the regulations and has to pay compensation to Proficio. With this decision Proficio has won its 17 year legal battle. The County Court upheld the Municipal Court ruling from 2013 in relation to the principal amount and the corresponding legal interest, applied from the date of the Municipal Court ruling until the payment date. The State has the right to appeal this decision to the Supreme Court, [...]
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October 1 2015

Prestigious architectual award goes to Pine Beach Pakoštane

The newly rebuilt restaurant & kitchen of the Pine Beach Pakoštane tourist resort, the largest in Croatia, serving up to 5,000 meals per day, has won the 50th Zagreb Salon’s award presented by the Croatian Architects’ Association. The architectural design by Drazen Juracic and Jelena Skorup of the architectural firm Aries d.o.o. was awarded together with five other designs chosen from 298 applications.
July 17 2015

Renovated Angelo d'Oro Hotel Reopens

In early July 2015, after having been closed for three years, one of Rovinj’s most beautiful boutique hotels, Angelo d'Oro, was acquired by Proficio, renovated and reopened. Located in the old town of Rovinj, inside a 17th-century bishop’s palace, this hotel with 23 rooms, a lush secluded garden, a restaurant and fully appointed salon, is once again becoming a favorite meeting place for not only Rovinj’s guests but the locals as well.