EBRD approves $10m commitment

The London-based development bank has backed a VC fund.

Institution: European Bank for Reconstruction & Development
Headquarters: London, United Kingdom
Bitesize: £50-100m

European Bank of Reconstruction and Development has announced a $10 million private equity commitment to Badia Impact Squared, according to recent project summary documents released by the bank.

The venture capital fund is managed by Silicon Badia, and will invest in TMT companies in the SEMED region, with a particular focus on Jordan and Egypt.

As illustrated below, EBRD’s recent private equity commitments have been to vehicles generally focused on investing in the TMT sector within the CEE, Asia-Pacific and Middle East regions.

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