EBRD Venture Capital Investment Programme — Full Portfolio

Alcatraz develops facial recognition technology for access control systems.

AI & Machine LearningCybersecurityEnterprise SoftwareHardwareMountain View, US

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

Co-investorsBLBlackPeak CapitalCOCogito Capital PartnersGOGolden SeedsHCHCVCHEHemi Ventures, LlcRURuvento Ventures Pte Ltd.+4 more

An online insurance broker operating in Egypt that sells insurance policies to customers significantly faster than traditional insurers.

FintechInsurTechCairo, EG

SEShady El Tohfa(Founder)inANAdham Nauman(Founder)inOmar Ezz El Din(Founder)

Co-investorsALAlter GlobalP1P1 VenturesY Y CombinatorANANIM FundCOCostanoa VenturesGLGlobal Founders Capital+1 more

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

SGSándor Guba(Founder)in

Co-investors50500 Emerging EuropeCRCredo VenturesE2e2vcEBEBRD

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

ASAmeer Sherif(Founder)in

Co-investors50500 GlobalPIPiton Capital LLPVNVNV GlobalVOVostok New Ventures

Binalyze provides a digital forensics and incident response (DFIR) platform for security operations teams to investigate and respond to cybersecurity threats.

CybersecurityEnterprise SoftwareSaaS

Emre Tinaztepe(CEO & Founder)in

Co-investorsCICisco InvestmentsMOMolten VenturesOPOpenOceanCICiti Ventures

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

MHMuhammad Habib(Founder)inANAbdallah Nofal(Founder)inMAMostafa Amin(Founder)inMSMuhammad S. Habib‏(Founder)inAbdullah Nofal(Founder)Madonna George(Senior Tech Recruitment Specialist)

Co-investors4D4DX Ventures50500 GlobalOUOutliers VCPIPioneerSHShorooq PartnersVEVershina Capital+16 more

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

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

BoardMarc Moens(Director)inGeorgios Tziralis(Director)

Co-investorsEMEmerge EducationICICONIQINIndex VenturesMAMarathon Venture CapitalPEPentech VenturesSNSNÖ Ventures+5 more

An AI-native holding company that acquires and develops B2B software businesses serving the everyday economy, operating as a permanent investor and operator that applies AI to help portfolio companies compound over time.

AI & Machine LearningEnterprise SoftwareSaaS

Gian Maria Gramondi(Founder)Luca Cartechini(Founder)

Co-investors64645 VenturesAVAvonmore DevelopmentsBLBlackSheep VenturesCDCDP Venture CapitalFOFounders FactoryFOFounders Factory NY+4 more

Craft is a software application designed to prioritize user experience and aesthetic design, focusing on making the tools feel pleasant and intuitive to use.

Developer ToolsFuture of WorkSaaSSector Agnostic

BOBalint Orosz(Founder)inIlya Levtov(Founder)

Co-investorsHIHigh AlphaINInreach VenturesUNUncork CapitalCRCreandumGLGlasswing VenturesGRGreycroft+1 more

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

DSDmitry Sergeevin

Co-investorsAVAVentures CapitalEBEBRDTMTMT Investments

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-investorsENEndeavor CatalystEBEBRDTRTruffle 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

MGMariusz Gralewski(Founder)inLucjan Samulowski(Founder)

Co-investorsASAspire11ATAternusBYBY Venture PartnersD&D&FG ElementsENEndeavor CatalystFJFJ Labs+9 more

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

RRReshan Richards(Director)inBGBartosz Gonczarek(President)inPSPiotr Sliwinski(Director)in

Co-investorsCRCredo VenturesEBEBRD

Hazelcast provides a distributed in-memory data platform offering caching, data integration, in-memory compute, and stream processing for building real-time applications.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwarePalo Alto, US

TOTALIP OZTURK(Executive Officer, Director)inMDMorgan Dioli(Executive Officer)inAli Kutay(Director)inNadine Teixeira(Executive Officer)inGLGreg Luck(Executive Officer, Director)inEric Bochner(Chief Executive Officer)in

Co-investorsC5C5 CapitalEAEarlybird Venture Capital

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

POPiotr Orzechowski(Founder)inRSRoberto Sicconi(Founder)in

BoardMRMichal Rokosz(Director)inMUMargus Uudam(Director)in

Co-investorsDRDreamit VenturesHEHeal CapitalINInovo VCKAKarma VenturesUNUnfold Ventures

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-investorsWAWamda CapitalASAslanoba CapitalEBEBRDSTSTC Ventures

Nomagic develops robots and automation systems to assist warehouse operators and managers with repetitive manual tasks.

AI & Machine LearningLogistics & Supply ChainRobotics

KNKacper Nowicki(Founder)inMarek Cygan(Founder)Tristan d'Orgeval(Founder)

Co-investorsCACapnamicCOCogito Capital PartnersDNDN CapitalEVEvolution VC PartnersFFFf Venture CapitalGAGaingels+8 more

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

MarketplacesMobility & TransportationTravel & Hospitality

YGYiğit Gürocak(Founder)inAli Yılmaz(Founder)in

Co-investorsBEBek VenturesEBEBRD

Dennis Weinbender(Founder)Dusan Komar(Founder)Kristina Kozina(Founder)Laslo Horvath(Founder)

Onedio is a Turkish-language digital media and content platform publishing news, lifestyle, entertainment, and quizzes across topics such as magazine, education, sports, and general culture.

ConsumerMedia & EntertainmentSocial

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

SBSergey Barysiuk(Founder)inMMMikita Mikado(Founder)in

Co-investorsALAltaIR CapitalCACamber PartnersCRCross Creek AdvisorsG G SquaredHUHubSpot VenturesINIntrepid Growth Partners+13 more

Mostafa Menessy(Founder)inAlain El Hajj(Founder)Islam Shawky(Founder)

Co-investorsA1A15AMAMK Investment OfficeCACapria VenturesFUFund I, a series of Africa FinTech Collective, LPHEHelios Digital VenturesGLGlobal 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

JVJozef Veres(Founder)inJZJan Zizka(Founder)inTKTomas Kovacovsky(Founder)inMMMichal Maly(Founder)inBPBranislav Pulis(Co-founder & VP of Sales & Marketing)in

Co-investorsALAlpha Intelligence CapitalEAEarlybird Venture CapitalTATaiwania CapitalAIAI CapitalBEBek VenturesCRCredo Ventures+1 more

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

HAHovhannes Avoyan(Founder)inMVMikayel Vardanyan(Founder)inTNTammy Nam(Executive Officer)inKevin Boon(Executive Officer)inAMArtavazd Mehrabyan(Founder)inCFCraig Foster(Executive Officer)in

Co-investors3V3VCCOCoreline VenturesDCDCM VenturesFOFormula VCG G SquaredGRGraph Ventures+6 more

Pollfish is an online survey platform that lets businesses run market research and collect first-party data from a large panel of respondents.

Data & InfrastructureMarketing TechSaaSWilmington, US

Ioannis Papadakis(Executive Officer, Director)John Papadakis(Founder)Zissis Bellas(Founder)

Co-investorsODOdyssey Venture Funds LPPJPJ Tech Catalyst

RemotePass provides a platform for remote professionals to receive payments in 90+ currencies, manage expenses, generate automated invoices, and access benefits like health insurance and tax management.

FintechFuture of WorkHR TechSaaS

KRKamal Reggad(Founder)in

Co-investorsA1A15COCOTU VenturesFLFlyer One VenturesKHKhwarizmi VenturesOROraseya CapitalPLPlug and Play Ventures+7 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

IUInna Ushakova(President & CEO)inYYYuriy Yashunin(CPO & Co-Founder)in

Co-investorsOTOTB VenturesEBEBRDSPSpeedinvestTMTMT Investments

SeeTree provides AI-based crop intelligence that combines satellite, drone, weather, and field data to deliver pre-season yield forecasts, tree-level aerial surveys, and workflow management for large agribusinesses.

AgTechAI & Machine LearningSaaS

Co-investorsATAtento CapitalBRBridges Fund Management Ltd.HAHanaco Venture CapitalMIMindset VentureOROrbia VenturesENEngie

Shapr3D is a 3D CAD software for designing 3D models across Mac, iPad, Windows, and Vision Pro devices.

Advanced ManufacturingConstruction TechHardwareBudapest, HU

ICIstván Csanády(Founder)in

Co-investorsCOColumbia Lake PartnersINInreach VenturesLILifeline VenturesPOPoint NineCRCreandumSPSpeedinvest

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-investorsBABaltCapOCOctopus VenturesPRPresidio VenturesOCoctopus investmentsPRPractica 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

DSDemet Suzan Mutlu(Founder)inDemet Mutlu(Founder)

Co-investorsB B CapitalGEGeneral AtlanticPRPrinceville CapitalSOSoftBank Vision FundADADQBOBond Capital Management+4 more

VIDOC is an AI-powered security platform that identifies, verifies, and fixes vulnerabilities in code repositories by understanding an organization's full system architecture and dependencies.

AI & Machine LearningCybersecurityDeveloper Tools

KKKlaudia Kloc(Founder)in

Co-investors50500 Emerging EuropeBVbValue Venture CapitalPEPebblebed

Zoovu provides an AI-powered search and discovery platform for B2B ecommerce, helping buyers quickly find replacement parts, components, and complex products in large catalogs.

AI & Machine LearningE-commerceRetail TechSaaS

Rob Mullenin

Co-investorsBEBeringeaCOColumbia Lake PartnersFTFTV CapitalTATarget Global