EBRD invests in eTravel, Poland’s leading business travel management firm

• EBRD acquires indirect minority stake in Polish business travel management company eTravel
• Bank has acquired a 49.72 per cent joint stake in eTravel with private equity fund Enterprise Investors Fund IX
• Investment to support eTravel's expansion in central and eastern Europe

The European Bank for Reconstruction and Development (EBRD) is investing in Poland 's leading business travel management company, eTravel. 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 eTravel's growth strategy, enabling its digital offering, including through upgrades to its IT platform and the adoption of advanced AI tools. These enhancements will strengthen eTravel's 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 eTravel's ambitions to become a market leader in the whole CEE region. eTravel's proven track record, innovative technology platform and ambitious growth strategy position it as a stand-out business with exceptional growth potential. 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 Poland's 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. To date, the Bank has invested more than €15.2 billion in Poland. Promoting the development of capital markets and supporting digitalisation are two key priorities of the EBRD's work in the region.