Global SME-focused investment firm Small Enterprise Assistance Funds (SEAF) has invested in Macedonia-based global positioning system service provider Geonet through SEAF Macedonia Fund II. Geonet intends to use the funding to enter new markets, including Greece, Kenya and the United States. Separately, SEAF has backed Serbia-based office furniture retailer EMU and Serbia-based health and organic food retailer and wholesaler Bio Spajz through SEAF Serbia Impact Fund. Financial details of the transactions were not disclosed.