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EBRD

Government fund

London · Series B · 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
HQ
London, GB
Instruments
Equity · Debt
Founded
1991
Last 12 months
3 investments
Tracked investments
21

Team · 37 people

from the firm's website & curated
Ksenia Yakustidi· Office of the Chief Economistin
Marcus Warren· Director, Communications, External Engagement and Planning
Murat Özyer· EBRD Digital team (EBRD Online)
Olga Zhosanu· EBRD Digital team (EBRD Online)

Founder mafia

The EBRD mafia →

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

What they invest in

from 18 of 21 portfolio companies

AI & Machine Learning ×7Fintech ×5Cybersecurity ×4Enterprise Software ×4SaaS ×4Marketplaces ×3Biotech ×2Consumer ×2

HQs:United States×6Türkiye×4Egypt×3United Kingdom×2Greece×1Kazakhstan×1

Investments · 21 tracked

founders shown can be your intro path

By year:2026 · 22025 · 52024 · 22023 · 12021 · 22019 · 12016 · 12015 · 115 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-investorsFinbergInveo VenturesEIFEksim VenturesIFCYildiz 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)inYuriy Yashunin(CPO & Co-Founder)in

Co-investorsOTB VenturesSpeedinvestEBRD Venture Capital Investment ProgrammeTMT Investments

Alcatraz AIalcatraz.aiinApr 2021 · $6.1M

Alcatraz develops facial recognition technology for access control systems.

AI & Machine LearningCybersecurityEnterprise SoftwareHardwareMountain View, US

Vince Gaydarzhiev(Founder)inScott Macomber(Director)Raymond Stata(Director)Tina DAgostin(Executive Officer, Director)

Co-investorsBlackPeak CapitalCogito Capital PartnersEBRD Venture Capital Investment ProgrammeGolden SeedsHCVCHemi Ventures, Llc+4 more

Axoflowaxoflow.comin𝕏Jan 2025 · $7M

Axoflow provides an autonomous Security Data Layer that collects, classifies, normalizes, reduces, and routes security data for SecOps teams, combining pipeline, storage, and AI in one platform.

AI & Machine LearningCybersecurityData & InfrastructureNew York City, US

Sándor Guba(Founder)in

Co-investors500 Emerging EuropeEBRD Venture Capital Investment ProgrammeCredo Venturese2vc

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 Amin(Founder)inAbdullah Nofal(Founder)

Co-investors4DX Ventures500 GlobalOutliers VCPioneerShorooq PartnersVershina Capital+16 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(Founder)Joannis Kiahopoulos(Executive Officer, Director)Yiannis Kiachopoulos Artur Saudabayev(Founder)

BoardMarc Moens(Director)inGeorgios Tziralis(Director)

Co-investorsEBRD Venture Capital Investment ProgrammeEmerge EducationICONIQIndex VenturesMarathon Venture CapitalPentech Ventures+5 more

Depositphotosdepositphotos.comin𝕏Dec 2015 · $5M

DepositPhotos is a creative content platform offering over 332 million royalty-free images, videos, and music files, plus AI tools for generating and customizing visuals.

AI & Machine LearningCreator EconomyMarketplacesMedia & EntertainmentNew York, US

Dmitry Sergeevin

Co-investorsAVentures CapitalEBRD Venture Capital Investment ProgrammeTMT Investments

Dgpaysdgpays.comFeb 2024

Dgpays is a Türkiye-based financial technology company that builds AI-native banking and payment software, including card issuing, acquiring, national switch, wallet, core banking, embedded finance and loyalty solutions.

AI & Machine LearningFintechSaaS

Co-investorsEBRD Venture Capital Investment ProgrammeEndeavor CatalystTruffle Capital

EBRDebrdvcip.cominJul 2026

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)inYalcin Gungoren(Senior member, Venture Capital team)inAziza Zakhidova(Senior member, Venture Capital team)inBruno Lusic(Senior member, Venture Capital team)Amine Chabane(Principal, Venture Capital team)in

Co-investorsMarathon Venture Capital

Explain Everythingexplaineverything.comin𝕏Dec 2016 · $3.7M

Explain Everything is an online whiteboard for teaching that lets educators create interactive presentations, record tutorial and explanation videos, and run real-time collaborative projects with students.

EdTechSaaSNew York, US

Reshan Richards(Director)inBartosz Gonczarek(President)inPiotr Sliwinski(Director)in

Co-investorsEBRD Venture Capital Investment ProgrammeCredo Ventures

Fawryfawry.comin𝕏

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

Enterprise SoftwareFintech

Co-investorsHelios Digital VenturesNext Billion Capital Partners

Flyer One Venturesflyerone.vcSep 2025

Flyer One Ventures is an early-stage venture capital fund that invests up to €1.5M at the pre-seed and seed stages in CEE and Ukrainian founders building the application layer of global software.

Sector Agnostic

Co-investorsVershina CapitalIFCInternational Finance Corporation

Hellas Directhellasdirect.grin𝕏Jul 2021

Hellas Direct is an online insurer offering car and home insurance in Greece, with fast claims handling, flexible coverage and payment options, and a network of partner repair shops.

FintechInsurTechMaroúsi, GR

Alexis Pantazis(Founder)inEmilios Markou(Founder)in

Co-investorsETF PartnersPerscitus LLPPortage VenturesEndeavor CatalystEuropean Investment BankIFC+2 more

Modanisamodanisa.cominMar 2019

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

Kerim Ture(Founder)

Co-investorsEBRD Venture Capital Investment ProgrammeWamda CapitalAslanoba CapitalSTC Ventures

Obiletobilet.comin𝕏Dec 2024

obilet is an online platform for searching, comparing, and purchasing bus tickets from multiple carriers via its website and mobile apps.

MarketplacesMobility & TransportationTravel & Hospitality

Yiğit Gürocak(Founder)inAli Yılmaz(Founder)in

Co-investorsEBRD Venture Capital Investment ProgrammeBek Ventures

Shapeshape.xyzin𝕏Jan 2026

Shape uses natural language processing to make data exploration and analytics more accessible by answering specific data questions without requiring traditional dashboard interfaces.

AI & Machine LearningData & InfrastructureEnterprise SoftwareLondon, GB

Namit Chadha(Founder)in

Co-investorsY CombinatorC5 CapitalEPIC VENTURESHPE GrowthKleiner PerkinsMoonfire Ventures+3 more

Trastitrasti.plinJul 2025

Trasti is a car insurance provider in Poland offering vehicle coverage with online claim reporting and flexible payment options.

InsurTechWarsaw, PL

Co-investorsMovens Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Catalyze AIEbrdevents

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has EBRD made?
EBRD has 21 tracked investments, including 8 dated in the last 24 months.
What stage does EBRD invest at?
EBRD invests at the Series B stage.
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.
Does EBRD lead rounds?
EBRD has led 3 of the 11 rounds where its role is on record.

Images

EBRD photoEBRD photoEBRD photoEBRD photoEBRD photo

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