EBRD — Full Portfolio

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

DODr. Ossama Abbas(Chairman)DKDr. Karim Ossama(CEO)

Co-investorsPRProparcoSPSPE Capital Partners

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-investorsFIFinbergINInveo VenturesEKEksim VenturesYIYildiz Ventures

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 VenturesSPSpeedinvestEBEBRD Venture Capital Investment ProgrammeTMTMT Investments

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 PartnersEBEBRD Venture Capital Investment ProgrammeGOGolden SeedsHCHCVCHEHemi Ventures, Llc+4 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 EuropeEBEBRD Venture Capital Investment ProgrammeCRCredo VenturesE2e2vc

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)inMuhammad 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-investorsEBEBRD Venture Capital Investment ProgrammeEMEmerge EducationICICONIQINIndex VenturesMAMarathon Venture CapitalPEPentech Ventures+5 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 CapitalEBEBRD Venture Capital Investment ProgrammeTMTMT 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-investorsEBEBRD Venture Capital Investment ProgrammeENEndeavor CatalystTRTruffle Capital

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

BoardELErvin Luga(Head of Venture Capital Investments)inYGYalcin Gungoren(Senior member, Venture Capital team)inAZAziza Zakhidova(Senior member, Venture Capital team)inBruno Lusic(Senior member, Venture Capital team)ACAmine Chabane(Principal, Venture Capital team)in

Co-investorsMAMarathon Venture Capital

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-investorsEBEBRD Venture Capital Investment ProgrammeCRCredo Ventures

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

Enterprise SoftwareFintech

Co-investorsHEHelios Digital VenturesNENext Billion Capital Partners

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-investorsVEVershina CapitalINInternational Finance Corporation

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

APAlexis Pantazis(Founder)inEMEmilios Markou(Founder)in

Co-investorsETETF PartnersPEPerscitus LLPPOPortage VenturesENEndeavor CatalystEUEuropean Investment BankPOPortag3 Ventures+1 more

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-investorsEBEBRD Venture Capital Investment ProgrammeWAWamda CapitalASAslanoba CapitalSTSTC Ventures

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-investorsEBEBRD Venture Capital Investment ProgrammeBEBek Ventures

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

NCNamit Chadha(Founder)in

Co-investorsY Y CombinatorC5C5 CapitalEPEPIC VENTURESHPHPE GrowthKLKleiner PerkinsMOMoonfire Ventures+3 more

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

InsurTechWarsaw, PL

Co-investorsMOMovens Capital