Fundraising Fox

EBRD

Government fund

London · Series B–Growth · 37 people tracked

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Investment thesis

The EBRD supports the transition to successful, sustainable market economies across three continents. It focuses on delivering prosperity by enabling a well-run and sustainable private sector through a business model that combines financing, advisory services and policy reform. Environmentally sound and sustainable development is central to its mandate and embedded throughout its activities. The bank is also the largest institutional investor in Ukraine, deploying substantial capital since 2022 to support the country.

Source: firm website, verified Aug 3, 2026.

Stage
Series B–Growth
Check
$9.8M – $222M
HQ
London, GB
Instruments
Equity · Debt
Founded
1991
Tracked investments
10

Team · 37 people

from the firm's website & curated
Anna Kowalczyk· Associate Director, Head of External Communicationsin
Anton Usov· Regional media contact (Central Asia, Mongolia, Russia, Belarus)in
Jelena Pajic· Regional media contact (Bosnia and Herzegovina, Croatia, Montenegro, North Macedonia, Serbia, Slovenia)in
Ksenia Yakustidi· Office of the Chief Economistin
Lucia Sconosciuto· Associate Director, Planning, Multimedia and Donorsin
Marcus Warren· Director, Communications, External Engagement and Planning
Murat Özyer· EBRD Digital team (EBRD Online)
Nigina Mirbabaeva· Regional media contact (Poland, Estonia, Latvia, Lithuania; Ukraine, Romania, Moldova, Bulgaria)in
Olga Zhosanu· EBRD Digital team (EBRD Online)
Rezo Bitsadze· Media contact (Green Economy, Azerbaijan)in
Richard Porter· Managing Director, Communicationsin
Vanora Bennett· Regional media contact (Ukraine, Romania, Moldova, Bulgaria)in

Founder mafia

2 people who came through EBRD went on to found or lead other companies.

What they invest in

from 9 of 10 portfolio companies

Fintech ×3AI & Machine Learning ×2Biotech ×2Consumer ×2Cybersecurity ×2E-commerce ×2Enterprise Software ×2Healthtech ×2

HQs:Egypt×3Türkiye×2United Kingdom×1Kazakhstan×1United States×1

Investments · 10 tracked

founders shown can be your intro path

By year:2025 · 12023 · 12 dated

Arnur Creditarnurcredit.kz✓ verified

A microfinance organization operating in Kazakhstan that provides credit and lending services to individuals and small businesses across multiple regions.

AgTechEnterprise SoftwareFintechImpact & Social GoodShymkent, KZ

Co-investorsIFCIncofin Investment ManagementMCE Social Capital

Orchidiaorchidiapharma.com✓ verified

Orchidia is a pharmaceutical company that completed a third investment round in 2026 with strategic international investors including SPE Capital, Proparco, EBRD, and BIO.

BiotechHealthtechMedical DevicesCairo, EG

Dr. Ossama Abbas(Chairman)Dr. Karim Ossama(CEO)

Co-investorsProparcoSPE Capital Partners

Revorevo.vc✓ verified

Revo Capital is a venture capital firm focused on investing in early-stage technology startups with Turkish founders and/or R&D teams based in Turkey.

CybersecurityFintechSaaSSector AgnosticIstanbul, TR

Co-investorsInveo VenturesEIFEksim VenturesFinbergIFCYildiz Ventures

Scalarrscalarr.ioin𝕏✓ verified

Scalarr builds machine learning-based tools to detect and prevent mobile app install ad fraud, analyzing ad campaign data from click through post-install events.

AdTechAI & Machine LearningCybersecurityIoTSan Francisco, US

Inna Ushakova(President & CEO)Yuriy Yashunin(CPO & Co-Founder)

Co-investorsOTB VenturesSpeedinvestEBRD Venture Capital Investment ProgrammeTMT Investments

Breadfastbreadfast.comin𝕏Aug 2025 · $10M

Breadfast is a delivery app offering groceries, fresh bakery items, fruits and vegetables, ready-to-eat meals, beauty, pharmacy, and household products, along with financial features like cashback and rewards.

ConsumerE-commerceFoodTechLogistics & Supply ChainMobility & TransportationCairo, EG

Muhammad Habib(Founder)inAbdallah Nofal(Founder)inMostafa Aminin

Co-investors4DX Ventures500 GlobalOutliers VCShorooq PartnersVershina CapitalVNV Global+5 more

Causalycausaly.cominJul 2023 · $60M

Causaly builds an agentic AI platform for life sciences R&D that retrieves and reasons over scientific evidence, using a scientific knowledge graph and specialized AI agents to support target identification, indication discovery, and regulatory evidence validation.

AI & Machine LearningBiotechHealthtechLondon

Yiannis Kiachopoulos(Founder)inArtur Saudabayev(Executive Officer, Director)Joannis Kiahopoulos(Executive Officer, Director)

BoardMarc Moens(Director)Georgios Tziralis(Director)Carlos Gonzalez-Cadenas(Director)in

Co-investorsEBRD Venture Capital Investment ProgrammeEmerge EducationICONIQIndex VenturesMarathon Venture CapitalPentech Ventures+3 more

EBRDebrdvcip.comin

RemotePass is a global payroll, hiring, and spend platform that enables companies to manage compensation and workforce operations across borders.

Future of WorkHR TechSaaSSector AgnosticLondon, GB

BoardErvin Luga(Head of Venture Capital Investments)Yalcin Gungoren(Senior member, Venture Capital team)Aziza Zakhidova(Senior member, Venture Capital team)Bruno Lusic(Senior member, Venture Capital team)Amine Chabane(Principal, Venture Capital team)

Co-investorsMarathon Venture Capital

Ebrdeventsebrdevents.com
Fawryfawry.comin𝕏

Fawry provides digital banking and business payment services for enterprises and retail partners.

Enterprise SoftwareFintech

Co-investorsHelios Digital VenturesNext Billion Capital Partners

Modanisamodanisa.comin

Modanisa is an online fashion platform selling modest clothing for Muslim women, offering over 650 brands and 70,000 products across 140 countries.

ConsumerDirect to ConsumerE-commerceMarketplacesRetail TechIstanbul, TR

Co-investorsEBRD Venture Capital Investment ProgrammeWamda CapitalAslanoba CapitalSTC Ventures

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does EBRD invest at?
EBRD invests at the Series B, Growth stages.
What is EBRD's typical check size?
EBRD typically writes checks of $9.8M – $222M.
What sectors does EBRD focus on?
EBRD focuses on Climate Tech, Fintech, Impact & Social Good, SaaS, Sector Agnostic.
Where is EBRD located?
EBRD is headquartered in London, GB.

Images

EBRD photoEBRD photoEBRD photoEBRD photoEBRD photo

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