Two Rivers

What Two Rivers does

Two Rivers is a Belgrade-based PR and communications consultancy founded in 2020, operating as a private limited liability company (Društvo sa ograničenom odgovornošću) registered at Topolska 22, Belgrade, with a team of 18 employees. The firm serves enterprise corporations, government institutions, and NGOs in Serbia and the wider Balkan region, providing a portfolio of eight service lines: corporate and crisis communication, public affairs, sustainable development consulting, media data and analysis, digital reputation management, content creation and distribution, communications education, and art management through its integral Novembar Gallery. Notable clients include NCR, ZF, Delhaize, VODAVODA, Yettel banka, PwC, UNDP, the Serbian Chamber of Commerce, the Autonomous Women's Center, and Bitef, spanning technology, automotive, retail, banking, professional services, international organizations, and the cultural sector.

The firm generates revenue through project-based engagements and ongoing retainer arrangements with clients, sold via a direct, consultative sales motion supplemented by referrals and industry reputation. The agency participates in a wider collaborative network including McCann Beograd (AMA Group), Universal Media, NN Media Production, Adrenalin, TS Media, and IF Grupa, co-producing cross-border campaigns such as the 'Till Death Do Us Part' femicide prevention campaign executed across eight Balkan countries. Two Rivers has accumulated industry recognition including a Bronze Effie Serbia 2026 and a Gold BalCannes award, reinforcing its regional brand position. There is no proprietary technology platform; delivery is consultant-led, with media monitoring and analytics supported by multi-platform tooling rather than in-house AI infrastructure.

Name

Two Rivers

Legal name

TWO RIVERS DRUŠTVO SA OGRANIČENOM ODGOVORNOŠĆU BEOGRAD

Website

https://tworivers.rs

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Two Rivers is a Belgrade-based PR and communications consultancy serving enterprise, government, and NGO clients across Serbia and the Balkans with eight service lines spanning corporate communications, public affairs, sustainable development, media analysis, digital reputation, content, education, and art management.

Ownership category

akta.pro rank

Headquarters

HQ city

Belgrade

HQ country

Serbia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Professional Services Revenue: Two Rivers generates revenue through providing professional consulting services including communication strategy, public affairs, digital reputation management, content creation, and media analysis. Services are billed on project basis or through ongoing retainer arrangements with clients.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Two Rivers is a Belgrade-based PR and communications consultancy that delivers multidisciplinary services including corporate and crisis communication, public affairs, sustainable development consulting, media monitoring and analysis, digital reputation management, content creation and distribution, corporate education, and art management through the Novembar Gallery. The firm serves enterprise clients, government institutions, and NGOs in Serbia and the broader Balkan region on a project or retainer basis.

Product overview

Two Rivers is a Serbian PR and communications agency offering a portfolio of eight service lines: Communication (corporate and crisis communications, brand PR, events), Public Affairs (government relations, stakeholder management), Sustainable Development (ESG strategy and reporting), Media Data and Analysis (multi-platform media monitoring and analytics), Digital Reputation (online reputation management), Content Creation, Production and Distribution (TV and digital content), Education (training in communications and management), and ART (art management via Novembar Gallery). The company operates as a services agency rather than a software product company; its offerings are consultancy and managed service lines rather than packaged software products.

Differentiator

Problem solved

Functional benefit

Brands

• Novembar Gallery: An integral part of Two Rivers dedicated to art management, promoting and researching the art market, presenting current, innovative, and high-quality art by established and emerging artists from Serbia and the Balkans.

Products and services

• Communication (Komunikacija) Strategic and corporate communication services for enterprise, government, and NGO clients, covering internal and external communications, crisis and reputation management, brand PR, personal PR, event design and organization, B2B communication, and investor relations support.
• Public Affairs Government and stakeholder relations services including defining key stakeholders, regulatory analysis, policy advocacy, business environment analysis, crisis support, and educational campaigns, primarily for enterprises and government institutions.
• Sustainable Development (Održivi razvoj) Sustainable business strategy and corporate social responsibility consulting aligned with organizational mission, vision, and ESG goals, including sustainability reporting and product development for enterprise clients.
• Media Data and Analysis (Medijski podaci i analize) Multi-platform media monitoring and analytics reporting service providing analysis of the media environment, trends, and content performance to support strategic media planning for clients.
• Digital Reputation (Digitalna reputacija) Online reputation management and content optimization services including strategic action plans, online presence analysis, press release optimization, and suppression of negative search results.
• Content Creation, Production and Distribution (Kreiranje, produkcija i distribucija sadržaja) Content production and distribution services across television channels and platforms, including concept design, production coordination, and promotion through selected relevant channels for enterprise and media clients.
• Education (Edukacija) Educational and training programmes covering communication, management, sales skills, personal development, teamwork, public appearances, media preparation, and sustainable development for corporate teams and professionals.
• Art Management (Novembar Gallery) Art management services through Novembar Gallery, an integral sub-brand of Two Rivers, including promotion of established and emerging artists, art market research, exhibition management, consultations on buying and selling artworks, and organization of gallery events.

Quantifiable outcome

• Bronze Effie Award in Non-profit category at Effie Awards Serbia 2026 for 'Till Death Do Us Part' campaign
• +1 more outcomes

Named customers14 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered minor and core.

• IF GrupaminorStrategic or Co-development PartnerIF Grupa appears as a partner logo on the Two Rivers website. Nature of partnership appears to be collaborative network or strategic alliance within the Serbian/regional agency ecosystem.
• McCanncoreStrategic or Co-development PartnerMcCann Beograd collaborated with Two Rivers on the 'Till Death Do Us Part' campaign for the Autonomous Women's Center. Also collaborated on the regional Generacija Z AI research project. Part of AMA Group network.
• Universal MediaminorStrategic or Co-development PartnerUniversal Media collaborated as partner in the 'Till Death Do Us Part' campaign, providing support alongside McCann and NN Media.
• NN Media ProductionminorStrategic or Co-development PartnerNN Media Production collaborated with Two Rivers and McCann on the 'Till Death Do Us Part' campaign as media production partner.
• Novembar GallerycoreStrategic or Co-development PartnerNovembar Gallery is presented as an integral part of Two Rivers, dedicated to art market promotion and research, presenting innovative art from established and emerging artists from Serbia and the Balkans.
• DriveminorStrategic or Co-development PartnerDrive appears as a partner logo on the Two Rivers website. Nature of partnership appears to be collaborative within the Serbian/regional agency ecosystem.
• AdrenalinminorStrategic or Co-development PartnerAdrenalin is a production company that collaborated with Two Rivers on the 'Biće novih leta' film promotional campaign. Two Rivers handled PR and media communications for the film.
• TS MediaminorStrategic or Co-development PartnerTS Media collaborated as production partner on the 'Biće novih leta' film project alongside Adrenalin, with Two Rivers providing promotional support.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• New Moment: Long-established Belgrade creative and communications agency. Comparable to Two Rivers as a Serbian-headquartered firm offering integrated communications, creative campaigns, and brand work for enterprise and institutional clients.
• Hype Belgrade: Belgrade-based branding, PR, and integrated communications agency. Directly competes with Two Rivers for Serbian and regional corporate and institutional clients across brand, communications, and digital reputation services.
• Direct Media: Serbian media and communications group with advertising, PR, and event capabilities. Competes with Two Rivers for Serbian corporate communications and brand activation budgets.
• McCann Beograd: Belgrade-based creative and communications agency of the McCann Worldgroup network and a documented partner of Two Rivers. Operates in the same Serbian and regional market with overlapping brand communications, public affairs, and campaign execution capabilities.

Broad incumbents

• Edelman: Global public relations firm operating across corporate communications, public affairs, and reputation management. Competitor for the multinational clients (NCR, ZF, PwC, UNDP-tier accounts) that Two Rivers also serves, with comparable service lines but much broader geographic and resource footprint.
• Hill+Knowlton: Global public relations and public affairs firm. Directly comparable offer in corporate communications, government relations, and crisis communications — services that are explicitly among Two Rivers' core eight service lines.
• FleishmanHillard: Global communications and public relations agency with regional European capabilities. Comparable to Two Rivers across corporate communications, public affairs, and crisis communications practice areas, with network scale that a regional boutique cannot match.
• Weber Shandwick: Global communications agency with strong public affairs, corporate, and sustainability practices. Comparable to Two Rivers especially in Public Affairs and ESG/sustainability communications, which are core service lines for both firms.
• Brunswick Group: Global advisory firm focused on corporate communications, public affairs, and critical issues. Broader and more senior, but competes with Two Rivers' Public Affairs, crisis communications, and corporate reputation management lines for high-stakes mandates.
• Ogilvy PR: Global public relations practice of Ogilvy. Operates in adjacent services (corporate communications, public affairs, ESG) and competes with Two Rivers for the same regional and multinational clients via network partners in the Balkans.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Two-Rivers-Beograd-101618511965664
• LinkedInlinkedin.com/company/two-rivers-beograd
• Instagraminstagram.com/two_rivers_beograd

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Two Rivers