London · Seed–Late Stage · 12 people tracked
Investment thesis
The programme backs technology companies with development or engineering teams based in Central and Eastern Europe, the Middle East, North Africa, and Central Asia. It invests across early to late stages with ticket sizes ranging from EUR 2m to EUR 25m over the life of an investment. It targets teams ambitious to build world-class market leaders, leveraging the institution's direct technology experience, advisor networks, and balance-sheet strength to support portfolio growth. Since 2012 it has deployed two funds, with a third fund of USD 300m, supporting 43 companies across 36 countries and achieving 14 exits.
Source: firm website, verified Aug 3, 2026.
Team · 12 people
from the firm's website & public directories
What they invest in
from 22 of 40 portfolio companiesAI & Machine Learning ×10SaaS ×5Cybersecurity ×4Marketplaces ×4Consumer ×3E-commerce ×3Mobility & Transportation ×3B2B Marketplaces ×2
HQs:United States×6Türkiye×4Egypt×2United Arab Emirates×1Lithuania×1Netherlands×1
Who they back
founder profiles across 15 portfolio companiesFounding team size:solo founder×92 founders×33 founders×14+ founders×2
Investments · 40 tracked
founders shown can be your intro pathBy year:2021 · 12016 · 12 dated
Marti is a Turkish mobility platform offering ride hailing and shared micromobility services (e-mopeds, e-bikes, e-scooters) powered by proprietary software and IoT infrastructure.
B2B MarketplacesIoTMobility & TransportationIstanbul, TR
Co-investorsAdapt VenturesAlleyCorpCOTU VenturesPartners for GrowthPartners for Growth (PFG)Wamda Capital+1 more
An online insurance broker operating in Egypt that sells insurance policies to customers significantly faster than traditional insurers.
FintechInsurTechCairo, EG
Shady El Tohfa(Founder)inAdham Nauman(Founder)in
Co-investorsAlter GlobalP1 VenturesY Combinator
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)
Co-investors500 Emerging EuropeCredo Ventures
BasharSoft builds employment marketplaces and ecosystems that connect job seekers with career opportunities and employers with talent, primarily serving emerging markets with a focus on Egypt.
B2B MarketplacesEdTechHR TechEgypt, EG
Ameer Sherif(Founder)in
Co-investors500 GlobalPiton CapitalVNV Global
Binalyze provides investigation-led security for enterprise security teams, focused on digital forensics and incident response.
CybersecurityEnterprise SoftwareSaaS
Co-investorsMolten VenturesOpenOceanCisco InvestmentsCiti Ventures
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-investorsEmerge EducationICONIQIndex VenturesMarathon Venture CapitalPentech VenturesSNÖ Ventures+2 more
AI-native holding company that received backing from the EBRD
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 Sergeev
Co-investorsAVentures Capital
Docplanner operates a healthcare platform connecting patients with doctors and providing software for medical practices to manage appointments, online presence, and reputation.
Digital HealthMarketplacesSaaSAmsterdam, NL
Co-investorsAspire11AternusBY Venture PartnersD&FG ElementsEndeavor CatalystKAYA+4 more
New York, US
Reshan Richards(Director)Bartosz Gonczarek(President)Piotr Sliwinski(Director)
Co-investorsCredo Ventures
Infermedica develops an AI-powered healthcare platform for symptom assessment, triage, and patient intake that integrates into clinical workflows to improve patient access to care.
AI & Machine LearningDigital HealthHealthtechWrocław, PL
Piotr Orzechowski(CEO)inRoberto Sicconi(Founder)in
BoardMichal Rokosz(Director)Margus Uudam(Director)in
Co-investorsHeal CapitalInovo VCKarma VenturesUnfold Ventures
Modanisa is an online retailer of modest fashion, selling dresses, evening wear, hijabs, outerwear, shoes, bags, cosmetics, and Islamic products for women.
ConsumerDirect to ConsumerE-commerce
Co-investorsWamda CapitalAslanoba CapitalEBRDSTC Ventures
Nomagic develops robots and automation systems to assist warehouse operators and managers with repetitive manual tasks.
AI & Machine LearningLogistics & Supply ChainRobotics
Kacper Nowicki(Founder & CEO)in
Co-investorsCapnamicCogito Capital PartnersDN CapitalEvolution VC PartnersHoxton VenturesKhosla Ventures+4 more
PandaDoc is a document management platform for creating, managing, tracking, and eSigning business documents such as proposals and agreements, with support for signature and payment workflows.
Enterprise SoftwareSaaSSales Tech
Sergey Barysiuk(Founder)in
Co-investorsAltaIR CapitalCamber PartnersCross Creek AdvisorsG SquaredHubSpot VenturesIntrepid Growth Partners+9 more
Mostafa Menessy(Founder)in
Co-investorsA15AMK Investment OfficeCapria VenturesHelios Digital Ventures
Photoneo, now part of Zebra Technologies, develops 3D vision sensors and AI-driven robotic intelligence software for industrial automation tasks such as bin picking and depalletization.
Advanced ManufacturingAI & Machine LearningHardwareRobotics
Jozef Veres(Founder)inJan Zizka(Co-founder & CEO)inTomas Kovacovsky(Co-founder & CTO)Michal Maly(Co-founder)Branislav Pulis(Co-founder & VP of Sales & Marketing)
Co-investorsAlpha Intelligence CapitalEarlybird Venture CapitalTaiwania CapitalAI CapitalCredo VenturesVenture to Future Fund
Picsart offers a command-line tool that generates images, video, and audio from the terminal, providing access to 130+ AI models across the three media types.
AI & Machine LearningCreator EconomyDeveloper ToolsMiami Beach, US
Hovhannes Avoyan(Executive Officer, Director)inMikayel Vardanyan(Executive Officer)Tammy Nam(Executive Officer)Kevin Boon(Executive Officer)Artavazd Mehrabyan(Executive Officer)Craig Foster(Executive Officer)
Co-investorsCoreline VenturesDCM VenturesFormula VCG SquaredGraph VenturesRTP Global+4 more
Wilmington, US
Ioannis Papadakis(Executive Officer, Director)
Co-investorsOdyssey Venture Funds LP
RemotePass is a platform for managing HR, payroll, and spend across a company's global and local workforce, including contractors, employer-of-record (EOR) employees, and direct hires.
Future of WorkHR TechSaaS
Kamal Reggad
Co-investorsA15COTU VenturesFlyer One VenturesKhwarizmi VenturesWamda Capital500 Global+1 more
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
Yuriy Yashunin(CPO & Co-Founder)Inna Ushakova(President & CEO)
Co-investorsOTB VenturesEBRDSpeedinvestTMT Investments
End-to-end AI/ML and IoT platform using drone imagery to help farmers optimize management of permanent crops.
Co-investorsAtento CapitalBridges Fund Management Ltd.Hanaco Venture CapitalMindset VentureOrbia Ventures
Trafi develops a Mobility-as-a-Service (MaaS) platform that provides multi-modal journey planning and ticketing for cities across Europe.
Climate TechGovTechMobility & TransportationSaaS
AlgimantasJurgisMantasMartynas
Co-investorsBaltCapPresidio Venturesoctopus investmentsPractica Capital
Trendyol is an online retail marketplace offering fashion products such as platform boots and other footwear to consumers, with a Romanian-language storefront serving that market.
ConsumerE-commerceMarketplacesRetail Tech
Demet Suzan Mutlu(Founder)in
Co-investorsB CapitalSoftBank Vision Fund
VIDOC is an autonomous, agentic security engineer that reviews every pull request to identify, verify, and patch code vulnerabilities, using public LLMs in a coding agent to detect real exploitable bugs.
AI & Machine LearningCybersecurityDeveloper Tools
Co-investors500 Emerging EuropebValue Venture CapitalPebblebed
Zoovu offers an AI-powered product discovery platform that unifies search, recommendations, and personalization on a single engine.
AI & Machine LearningE-commerceRetail Tech
Rob Mullenin
Co-investorsBeringeaColumbia Lake PartnersFTV CapitalTarget Global
Exits · 2
IPOs and acquisitions across the tracked portfolioPortfolio news
latest coverage across their companiesBinalyze · binalyze.ai · Jun 30, 2026
Marti · stocktitan.net · Jun 29, 2026
Docplanner · trysignalbase.com · Jan 15, 2026
PandaDoc · thesaasnews.com · Dec 18, 2025
Amenli · insnerds.com · Oct 22, 2025
Frequently asked questions
- How many investments has EBRD Venture Capital Investment Programme made?
- EBRD Venture Capital Investment Programme has 40 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does EBRD Venture Capital Investment Programme invest at?
- EBRD Venture Capital Investment Programme invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What is EBRD Venture Capital Investment Programme's typical check size?
- EBRD Venture Capital Investment Programme typically writes checks of $2.2M – $27M.
- What sectors does EBRD Venture Capital Investment Programme focus on?
- EBRD Venture Capital Investment Programme focuses on AgTech, Consumer, Data & Infrastructure, Deep Tech, Media & Entertainment, Mobility & Transportation, Retail Tech, SaaS, Sector Agnostic.
- Where is EBRD Venture Capital Investment Programme located?
- EBRD Venture Capital Investment Programme is headquartered in London, GB.
- Who does EBRD Venture Capital Investment Programme co-invest with?
- EBRD Venture Capital Investment Programme most often shares deals with Wamda Capital, 500 Emerging Europe, G Squared, among 85 tracked co-investors.
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