EBRD invests in eTravel, Poland’s leading business travel management firm
Summary
The Bank has acquired an indirect stake in the company in tandem with Enterprise Investors Fund IX, a private equity fund in which the EBRD is a limited partner.The co-investment will enable eTravel to solidify its market-leading position in Poland, while selectively expanding into other high-potential areas of central and eastern Europe.Founded in 2006, eTravel is a tech-enabled corporate travel management company that operates the advanced Corporate Travel Assistant platform. It has built a strong reputation, facilitating nearly 1 million bookings annually for a prestigious client base across Poland and central and eastern Europe.The investment will support eTravels growth strategy, enabling its digital offering, including through upgrades to its IT platform and the adoption of advanced AI tools. These enhancements will strengthen eTravels ability to compete in a rapidly evolving market while improving its services for corporate clients.Tamas Nagy, EBRD Co-Head of Private Equity, said: We are proud to partner with Enterprise Investors and support eTravels ambitions to become a market leader in the whole CEE region. This investment underscores our focus on empowering high-performing companies to scale sustainably, deliver strong financial returns and unlock value through strategic market consolidation.Andreea Moraru, EBRD Regional Head for Poland and the Baltic States, said: eTravel is a prime example of a dynamic, technology-driven company that is helping to drive Polands digital transition. Our investment reflects our commitment to supporting the competitiveness and innovation of Polish companies, enabling businesses to thrive in dynamic and rapidly changing industries.The EBRD is a leading institutional investor in Poland and central and eastern Europe.