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WARSAW – The European Bank for Reconstruction and Development (EBRD) has committed €10 million to Movens Fund 2, a new venture capital fund managed by Movens Capital, focused on early- and growth-stage technology companies across Central and Eastern Europe (CEE).
Movens Fund 2 aims to support high-potential startups in sectors such as enterprise software, artificial intelligence, climate tech, fintech, healthcare, e-commerce infrastructure, and the future of work. The fund expects to make approximately 30 investments, primarily in Poland, but will also consider opportunities in other CEE countries.
This latest fund builds on the strong track record of Movens Fund 1, whose portfolio companies collectively raised over €110 million in follow-on capital—more than eight times the original fund size.
The EBRD’s investment underscores its strategic goal of strengthening the venture capital ecosystem in the region, providing an alternative to traditional financing models and helping innovative companies scale. The move aligns with the Bank’s broader objectives of enhancing competitiveness, advancing digitalisation, and developing capital markets.
“We are delighted to back Movens’ new fund and help empower the next generation of tech founders in Central and Eastern Europe,” said Anne Fossemalle, Director of Equity Funds at the EBRD. “Supporting the growth of venture capital and private equity ecosystems is a key priority for the Bank, and we are confident this partnership will drive the scale-up of innovative businesses.”
Movens Capital is known for its hands-on, founder-centric approach, led by a team of former tech entrepreneurs and supported by a network of seasoned advisers and industry executives. The firm positions itself as a strategic growth partner for startups aiming for global market leadership.
“Movens Capital is the launch pad for ambitious CEE tech founders,” said Artur Banach, Managing Partner at Movens Capital. “We combine operational expertise with deep industry networks to help founders build scalable, enduring businesses with global impact.”
The EBRD remains a leading institutional investor in Poland and the wider CEE region, with almost €16 billion invested in Poland to date. This latest commitment reflects the Bank’s ongoing efforts to stimulate innovation-led growth and promote sustainable economic transformation in the region.
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