Innovation Nest Fund II

Location:

Regional

Project number:

50014

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

25 Apr 2019

Status:

Board Approved

PSD disclosed:

01 Apr 2019

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.

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Email: procurement@ebrd.com

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