PROJECT

Projects

Summary of Investment Information

Project Number

50391

Company Name

FLYER ONE VENTURES FUND V CV

Date SPI Disclosed

May 1, 2025

Country

Eastern Europe Subregion

Region

Europe

Projected Board Date

Jun 20, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2025

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 9, 2025
Signed : Jul 3, 2025
Invested : Dec 19, 2025

Sector

Venture Capital Fund

Additional Project Attributes

Blended Finance

Project Description

 The proposed project consists of an IFC equity commitment of up to EUR €5 million in Flyer One Ventures Fund V CV (“F1V V” or the “Fund”), a venture capital (VC) fund to be established under the laws of the Netherlands with a focus on pre-seed and seed investments in early-stage technology companies in Ukraine and in Central and Eastern Europe (CEE). The project is expected to be supported by Blended Finance contributors under the Economic Resilience Action (ERA) Program for Ukraine - Japan as described in the Blended Finance Section.

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