Translated version of this PSD: Hungarian
An equity investment in favour of Euroventures V Technology and Growth Fund Cooperatief UA (the "Fund"). The project will form part of the Bank's Early-Stage Innovation Facility, a EUR 100 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds.
The Fund will make equity and equity related investments in technology based early and growthstage MSMEs primarily in Hungary, but also across central and eastern Europe, with the objective of achieving long-term capital appreciation.
The project will contribute towards the overall transition goals of the Early-Stage Innovation Facility, specifically seeking to enhance the resilience of financial markets by expanding the local venture capital asset class and increasing the competitiveness of innovative MSMEs.
EUROVENTURES TECHNOLOGY AND GROWTH FUND
The Fund will be managed by Euroventures, one of the longest-established private equity and venture capital firms in Hungary.
EBRD Finance Summary
EBRD is considering an equity investment of up to EUR 10 million.
Total Project Cost
The Fund is targeting total commitments of EUR 50 million.
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 Environmental and Social Procedures for Active Equity Funds and submit Annual Environmental and Social Reports to the Bank.
Company Contact Information
+36 1 309 7900
H-1124 Budapest, Mártonhegyi út 61/A
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (firstname.lastname@example.org) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.