PROJECT

Projects

Summary of Investment Information

Project Number

48830

Company Name

500 Georgia, L.L.C.

Date SPI Disclosed

Apr 19, 2024

Country

Georgia

Region

Europe

Projected Board Date

May 31, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 11, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jul 3, 2024
Signed : Aug 30, 2024
Invested : Oct 9, 2024

Sector

Venture Capital Fund

Project Description

The proposed project consists of an IFC equity commitment of up to US 4 million in 500 Georgia, L.P. (“500 Georgia” or the “the Fund”), a venture capital (“VC”) fund focusing on pre-seed and seed investments in companies participating in the 500 Georgia Program and/or operating in Albania, Armenia, Azerbaijan, Bosnia & Herzegovina, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Georgia, Greece, Hungary, Kosovo, Kyrgyzstan, Latvia, Lithuania, Kazakhstan, Republic of Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, the Slovak Republic, Slovenia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan (the “Program Countries”).                                                   

Associated Advisory Engagement

There are no Advisory Services engagements associated with this Project.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation