52958 - Molten East I

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Summary of Investment Information

Project Number

52958

Company Name

Molten East Fund I

Date SPI Disclosed

Sep 16, 2026

Country

Europe Region

Region

Europe

Projected Board Date

Oct 16, 2026

Environmental Category

FI-2 - Limited

Status

Pending Approval

Last Updated Date

Sep 17, 2026

Department

Equity Portfolio Management

Industry

Funds

Sector

Venture Capital Fund

Project Description

The proposed transaction is an equity investment of up to €20 million and a €15 million co-investment envelope in Molten East Fund I SCSp (Fund or Molten East I). The Fund is a closed-end, venture capital fund with a target size of up to €200 million. The Fund focuses on growth equity investments (Series A to B) in technology-forward, Al-enabled enterprise solutions companies in Central and Eastern Europe (CEE) and Turkiye (Region looking to expand globally.

Sponsor / Cost / Location

Development Impact

The Fund is expected to increase access to early-stage equity and provide operational value add to technology startups in the CEE region and Turkiye. Beyond the Project, its success is expected to strengthen market competitiveness in the venture capital asset class across emerging markets in CEE and Turkiye by deepening activity in the Series A–B segments, through demonstration and replication channels.

E&S Category Rationale / Risks and Mitigation

The project aims to support Series A+ technology companies across Poland, Central and Eastern Europe (CEE), and Turkiye, focusing on sectors such as artificial intelligence, B2B, SaaS, consumer tech, and digital health. The E&S risks associated with the Fund’s investment activities are considered to be low/medium and can be readily addressed through mitigation measures. The E&S risks associated with the fund’s portfolios may typically include occupational health and safety, labor and working conditions (including those associated with the gig economy), and waste management, among others.

As such, the Project has been categorized as FI-2 in accordance with IFC’s Sustainability Policy. The Fund will not invest in coal-related activities, activities included in the IFC Exclusion List, production and trade of radioactive materials. Likewise, Category A sub-projects will not be eligible. The applicable E&S requirements are the IFC Exclusion List, host country laws and regulations, and the IFC Performance Standards, as applicable. Molten Ventures plc (MV), the parent company, has HR policies in place including an anti-sexual harassment policy, an anonymous grievance mechanism and mandatory training. These policies apply to both employees and contractors. Life and fire safety practices are in place and consistent with national regulations. Overall, MV’s labor policies and practices including gender-based violence (GBV) are broadly consistent with IFC Performance Standard 2. The Molten East Fund will be required to adopt the parent company’s HR policies and practices within its own framework

The Fund does not currently have an E&S Management System (ESMS). Therefore, to mitigate the risks associated with the project, the Fund will be required to nominate an E&S Officer, develop and implement E&S policies and procedures (in the form of an ESMS) in line with IFC Performance Standards 1 and develop an external communication mechanism, which the Fund has committed to undertake. The Fund will report annually to IFC on its E&S performance through an Annual Environmental and Social Performance Report (AEPR), inform IFC of any material changes in the nature or scope of its portfolio activities, and disclose category B investments on an annual basis, including names, sectors, and locations.

S.no	Title	Anticipated Completion Date
1	Nominate E&S officer	10/30/2026
2	Develop an E&S Management System	11/15/2026
3	Develop an External Communication Mechanism	11/15/2026
4	Adopt Molten Venture's HR policies	11/15/2026

Contacts

For Inquiries About the Project, Contact

Molten East Advisors LLP
Ozan Sonmez
Partner
+44 (0)20 7931 8800
east@molten.vc
20 Garrick Street, London, WC2E 9BT
https://www.moltenventures.com/

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This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Level of aggregated follow-on funding raised by investee companies as a proportion to the size of total investments made by the Fund	%
Average investee IRR (US$) across investees primarily active in emerging markets at the time of investment (in US$)	$

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