DWG media room

EBRD is about to launch tech fund of up to $60 million for ukrainian companies

The European Bank for Reconstruction and Development plans to launch a fund with a volume of $60 million early in 2015 to invest in Ukrainian high-tech companies.The structure of the fund has yet to be finalized.

In addition to direct investment, the EBRD is currently discussing a potential partnership with ukrainian venture funds and a matching funds program that will lower its risk by co-investing with funds that are active on the market or by investing as an LP in the funds that are raising capital now.

* DW NOTE: The EBRD is one of the largest financial investors in Ukraine. As of October 2014, it had provided 9.8 billion euros ($12.4 billion) to 337 projects in the country. In 2015 , the bank intends to invest more then 1 billion euros for various projects in Ukraine.

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