TLDR:
- Tech start-ups in Moldova will benefit from a €10 million investment by EBRD in the GapMinder Fund II.
- The fund aims to support the development of the venture capital ecosystem and digitalization in Moldova and other countries.
Article Summary:
Tech start-ups in Moldova will have access to new funding opportunities through the GapMinder Fund II, thanks to a €10 million investment from the European Bank for Reconstruction and Development (EBRD). Managed by Romanian venture capital firm GapMinder, the fund focuses on supporting the development of the venture capital ecosystem and digitalization. It offers opportunities for tech entrepreneurs in Moldova, as well as other countries such as Romania, Bulgaria, Croatia, Serbia, and Slovenia.
The lack of long-term risk financing and venture capital ecosystems has been identified as key obstacles for innovative early-stage companies in EBRD markets. The EBRD’s investment in the GapMinder Fund II is aimed at overcoming these barriers and helping early-stage technology companies prosper. As the capital markets of Moldova are closely linked to Romania, this investment presents a significant opportunity for tech entrepreneurs from both countries.
The new investment will enable GapMinder to build a diversified portfolio and provide capital and quasi-capital investments to support the growth of early-stage technology companies. This initiative is expected to bring new technologies and business models to EBRD markets and contribute to the digital transformation of the region. Overall, the EBRD investment in GapMinder Fund II is seen as a critical step towards fostering innovation and entrepreneurship in Moldova and other countries in the region.
