EBRD invests €10 million in venture capital fund Movens Fund 2

The European Bank for Reconstruction and Development has committed €10 million to Movens Fund 2, a newly launched venture capital vehicle managed by Movens Capital. The fund targets early-stage technology companies across central and eastern Europe, with deployment expected across pre-seed through Series A+ funding stages. According to the EBRD, Movens Fund 2 will make approximately 30 investments, predominantly concentrated in Poland while maintaining exposure to other CEE markets. The fund's sector focus spans enterprise software, artificial intelligence, climate technology, fintech, healthcare, e-commerce infrastructure, and future-of-work technologies.

Movens Capital's track record provides institutional confidence in the new vehicle. Movens Fund 1 achieved notable performance metrics, with its portfolio companies securing over €110 million in subsequent follow-on funding—representing approximately 8 times the original fund size. This capital multiplication demonstrates strong portfolio company performance and investor confidence in the region's technology ecosystem. The Fund 2 vehicle has secured a total commitment size of €60 million from institutional investors, positioning it as a substantial regional investment platform.

The EBRD's participation reflects the multilateral development bank's commitment to developing venture capital as a primary financing mechanism in CEE markets. Anne Fossemalle, Director of Equity Funds at the EBRD, stated that the investment aims to "empower the next generation of tech founders in central and eastern Europe," underscoring the bank's strategic priority to scale innovative companies and drive economic transformation across the region. By supporting venture capital infrastructure, the EBRD seeks to provide alternative capital sources to traditional bank financing, enabling high-potential companies to scale operations and compete on European and global markets.

This investment signals institutional confidence in both Movens Capital's platform and the broader CEE technology ecosystem. The EBRD's participation alongside other institutional investors validates the fund's thesis and market opportunity, while demonstrating the multilateral development bank's active role in building venture financing capacity across emerging and frontier markets in its operating regions.