Translated version of this PSD: Polish
Project Description
An equity investment in Innovation Nest Fund II SCSp (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.
Project Objectives
The Fund will make equity, quasi-equity, and equity related investments predominantly in early-stage cloud based B2B software companies in Central and South-Eastern Europe, with the objective of achieving long-term capital appreciation.
Transition Impact
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 innovation MSMEs.
Client Information
INNOVATION NEST II SCSP
The Fund is managed by Innovation Nest II GP S.a r.l.
EBRD Finance Summary
EUR 8,000,000.00
An equity commitment of up to EUR 8 million.
Total Project Cost
EUR 50,000,000.00
The target size of the Fund is 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's Environmental and Social Risk Management Procedures for Active Equity Funds and submit Annual Environmental and Social Reports to the Bank.
Technical Cooperation
None.
Company Contact Information
Chris Kobylecki, COO
chris@innovationnest.com
+48 502 403 637
https://www.innovationnest.co/
Ludwinowska 7/8, Krakow
Business opportunities
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
Public Information Policy (PIP)
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Text of the PIP
