Translated version of this PSD: Turkish
The proposed transaction is an equity commitment of up to EUR 30 million in favour of Earlybird Digital East Fund II (the "Fund").
The Fund will make equity and equity related investments in technology based early and growthstage micro, small and medium-sized enterprises in Central and South Eastern Europe, Turkey and Jordan, with the objective of achieving long-term capital appreciation.
The Bank's investment will provide long-term financing to technology based early and growth-stage micro, small and medium-sized enterprises in Central and South Eastern Europe, Turkey and Jordan, thereby increasing the competitiveness of investee companies and strengthening the resilience of the domestic financial sector by developing alternative sources of funding and expanding venture capital as an asset class.
DIGITAL EAST FUND II SCSP
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI (ESP 2014). The Fund will be required to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement EBRD's Environmental and Social Risk Management Procedures for Active Equity Funds and submit Annual Environmental and Social Reports to the Bank.
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Text of the PIP