PROJECT

Projects

Summary of Investment Information

Project Number

42297

Company Name

SARMAYACAR VENTURES COOPERATIEF U.A.

Date SPI Disclosed

May 17, 2019

Country

Pakistan

Region

Middle East

Projected Board Date

Jun 17, 2019

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Sep 30, 2022

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 29, 2017
Signed : Jul 26, 2019
Invested : Nov 8, 2019

Sector

Other Non-Private Equity Fund

Additional Project Attributes

Blended Finance

Project Description

Sarmayacar Ventures Coopreatif (“Sarmayacar” or the “Fund”) is an early stage venture capital fund raising US$30 million to invest in tech based companies in Pakistan. This investment will fall under the IFC Startup Catalyst initiative, which supports entrepreneurship and innovation at the earliest stages.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation