# Black Sea Trade & Development Bank

> Black Sea Trade & Development Bank is a VC fund backing Financial Services. See 38 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Thessaloníki, Greece
- Total investments: 38
- Last investment: Jun 2026
- Lead investor: 82%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company-beta/62347/
- X (Twitter): https://twitter.com/BSTDB
- Website: http://www.bstdb.org
- Facebook: https://www.facebook.com/pg/BSTDB/

Black Sea Trade & Development Bank is a VC fund in Thessaloníki focused on Financial Services and Banking. The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by 11 countries in the Black Sea region.

## Contacts

5 contacts available for Black Sea Trade & Development Bank. Shizune tracks 1 team members at Black Sea Trade & Development Bank. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/black-sea-trade-development-bank?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Post-IPO Debt | $5.5M–$339M |
| Debt Financing | $7.1M–$370M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 13 | 34% |
| Banking | 8 | 21% |
| Energy | 7 | 18% |
| Finance | 4 | 11% |
| Agriculture | 4 | 11% |

43 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 26 | 68% |
| Post-IPO Debt | 7 | 18% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Ukraine | 6 | 16% |
| Romania | 5 | 13% |
| Turkey | 4 | 11% |
| Greece | 3 | 8% |
| Armenia | 3 | 8% |

14 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Roman Matkiwsky | Director, Energy & Infrastructure | 0 | https://shizune.co/investors/profile/roman-matkiwsky |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Metinvest Group | Metinvest is an international, vertically integrated mining and metals company. The Group comprises mining and metallurgical assets in Ukraine, Europe and the US, complemented by a global sales network. Metinvest manages the complete production chain, from extracting iron ore and coal to manufacturing semi-finished and finished steel products. Withassets close to key railway lines and ports, Metinvest can supply raw materials and steel products anywhere in the world. | $22.8M | Debt Financing | Jun 27, 2026 |  |
| OKKO Group | OKKO Group operates fuel retail and is expanding into renewable energy generation in Ukraine. | $56.7M | Debt Financing | Jun 24, 2026 |  |
| ERG Insaat | ERG Insaat is an infrastructure development company that works in the airport, road, bridges, dam, and power plant construction. | $58.2M | Debt Financing | Jun 04, 2026 |  |
| Socar Trading | Socar Trading is a crude oil-exporting and marketing company that offers light, middle, heavy distillates and liquified natural gas (LNG). | $25M | Debt Financing | Mar 19, 2026 |  |
| Aklease | Aklease provides financing leasing options for investments across a range of industries, including production, construction, transportation, energy, and health. | $69M | Debt Financing | Nov 05, 2025 |  |
| Renalfa | Renalfa is a clean energy investment group with focus in renewable energy and e-mobility. | $370.3M | Debt Financing | Jul 24, 2025 |  |
| Bulgarian Energy Holding | Bulgarian Energy Holding provides electricity generation, supply, and transmission, natural gas transmission, supply, and storage, and coal mining services. Bulgarian Energy Holding owns the majority of the country's electricity generation facilities, as well as the electricity transmission grid and gas transmission and transit networks. TheGroup is also Bulgaria's public supplier of both electricity and gas, making it a strategically important state company. | $46.9M | Debt Financing | Jul 08, 2025 |  |
| Express Leasing | Express Leasing offers auto leasing and financing services. | $3M | Debt Financing | Apr 07, 2025 |  |
| Tbc Bank Group | TBC Bank Group PLC is the UK-based parent company of JSC TBC Bank and its affiliates, Georgia's largest banking group. | $48.5M | Post-IPO Debt | Feb 11, 2025 |  |
| Garanti BBVA Leasing Romania | Garanti BBVA Leasing Romania focuses on commercial vehicles leasing and real estate. | $21.1M | Debt Financing | Dec 10, 2024 |  |

10 of 38 investments shown.

## Co-investors
- [European Bank for Reconstruction and Development](https://shizune.co/investors/profile/european-bank-for-reconstruction-and-development-ebrd) — VC Fund, 2 deals together
- [Rabobank](https://shizune.co/investors/profile/rabobank) — VC Fund, 2 deals together
- [UniCredit](https://shizune.co/investors/profile/unicredit) — VC Fund, 2 deals together
- [Citi](https://shizune.co/investors/profile/citigroup) — VC Fund, 1 deal together
- [FMO](https://shizune.co/investors/profile/fmo) — VC Fund, 1 deal together
- [ICD-PS](https://shizune.co/investors/profile/icd-ps) — VC Fund, 1 deal together

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## FAQ

### What does Black Sea Trade & Development Bank invest in?

Black Sea Trade & Development Bank invests primarily in Financial Services, Banking and Energy startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 38 investments tracked by Shizune back companies in Ukraine. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Black Sea Trade & Development Bank's check size?

Black Sea Trade & Development Bank typically joins rounds of $5.5M–$339M at Post-IPO Debt and $7.1M–$370M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Black Sea Trade & Development Bank participates in.

### How do I contact Black Sea Trade & Development Bank?

Public channels for Black Sea Trade & Development Bank include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Black Sea Trade & Development Bank?

The team at Black Sea Trade & Development Bank includes Roman Matkiwsky (Director, Energy & Infrastructure). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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