bmp and Central Eastern Europe Venture invest in

The venture capital companies have taken a 20 per cent stake in as part of a first round of financing and will increase their shareholding to 26.7 per cent in the second round later this year.

Berlin-based venture capital company bmp has joined forces with Central Eastearn Europe Venture GmbH to provide a first round of financing for, a Polish financial portal. The venture capitalists have taken a 20 per cent shareholding in the company and will increase it to 26.7 per cent in a second round of financing to be held later in the year. Total investment in will be E1.7m upon completion of the second round.

Jens Spyrka, President of bmp Polska, said: “We see great growth potential in S.A., so the company is a wise addition to our investment portfolio. We are sure that the existing cooperation with our other Polish portfolio companies like K2 or Billnet, who already have established e-business technologies, will help us promote the development of Bankier rapidly.”

bmp has been busy in Poland recently. Yesterday it announced the sale of its 10.74 per cent shareholding in Internet Data Systems to internet investor Softbank, at what it described as a significant profit. The group had held the stake for 14 months.

bmp AG was founded in 1997 and has invested in Germany, Europe and the US. To date, the firm has invested over E100m. The company has been operating in Poland since autumn 1999, and now has five investments in the region which are held jointly with Central Eastern Europe Venture, a joint venture of bmp and DEG (Deutsche Investitions-und Entwicklungsgesellschaft mbH).