# TaiwanICDF

> TaiwanICDF is a VC fund in Taipei backing Retail, Banking and FinTech. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Taipei, Taiwan
- Total investments: 4
- Last investment: Oct 2024
- Lead investor: 25%
- Last updated: Aug 2026
- Website: https://www.icdf.org.tw/
- Facebook: https://www.facebook.com/taiwanicdf

TaiwanICDF is a VC fund in Taipei focused on Retail and Banking. TaiwanICDF is dedicated to boosting socio-economic development, enhancing human resources, and promoting economic relations in a range of developing partner countries. We also offer humanitarian assistance and provide aid in the event of natural disasters or international refugee crises.

## Round sizes

| Stage | Round size |
| --- | --- |
| Debt Financing | $6.3M–$81M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 1 | 25% |
| Banking | 1 | 25% |
| FinTech | 1 | 25% |
| Finance | 1 | 25% |
| Shopping | 1 | 25% |

8 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 2 | 50% |
| Grant | 1 | 25% |
| Series F | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Uzbekistan | 2 | 50% |
| Japan | 1 | 25% |
| Poland | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Gojo & Company | Gojo was founded to extend financial inclusion to everyone in the world beginning with the developing countries. Gojo encourages the formalization and growth of micro, small, and medium-sized enterprises. Its long-term goal is to enable the provision of high-quality affordable financial services for 100+ million unserved and underserved people in50+ countries by 2030. Five and half years since their establishment, they work in Cambodia, Myanmar, Sri Lanka, and India with 3,400+ employees, serving more than 570,000 women who are also mothers. | $115.3M | Series F | Oct 24, 2024 |  |
| Ipoteka Bank | Ipoteka 94% state-owned bank, is fully involved in policy reforms and state development programs in Uzbekistan. |  | Grant | Feb 29, 2024 |  |
| Zabka Polska | Zabka Polska sp. z o.o. owns, operates, and franchises a network of convenience and deli-type stores in Poland. The company offers products, such as cold cuts, dairy products, sweets, beers, and salty snacks; and convenience foods, a range of chilled ready-to-eat meals, fresh sandwiches, and easy-to-prepare meals. | $81.4M | Debt Financing | Jul 05, 2023 |  |
| Milk Euro Food | Milk Euro Food is the producer and distributor of butter, spreads, and margarine in Central Asia. | $6.3M | Debt Financing | May 31, 2022 |  |

4 of 4 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
- [15th Rock](https://shizune.co/investors/profile/15th-rock) — VC Fund, 1 deal together
- [ABF Capital](https://shizune.co/investors/profile/abf-capital) — VC Fund, 1 deal together
- [ACA Investments](https://shizune.co/investors/profile/aca-investments) — VC Fund, 1 deal together
- [Asset Management One](https://shizune.co/investors/profile/asset-management-one) — VC Fund, 1 deal together
- [Capital X](https://shizune.co/investors/profile/capital-x) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund
- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

### Similar country
- [Sturgeon Capital](https://shizune.co/investors/profile/sturgeon-capital) — VC Fund
- [European Bank for Reconstruction and Development](https://shizune.co/investors/profile/european-bank-for-reconstruction-and-development-ebrd) — VC Fund
- [UzVC National Venture Capital fund](https://shizune.co/investors/profile/uzvc-national-venture-capital-fund) — VC Fund

## Featured in investor lists
- [All Investors in Uzbekistan](https://shizune.co/investors/investors-uzbekistan)
- [All VC Funds in Uzbekistan](https://shizune.co/investors/vc-funds-uzbekistan)

## FAQ

### What does TaiwanICDF invest in?

TaiwanICDF invests primarily in Retail, Banking and FinTech startups, most often at Debt Financing and Grant stage. Most of the 4 investments tracked by Shizune back companies in Uzbekistan. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is TaiwanICDF's check size?

TaiwanICDF typically joins rounds of $6.3M–$81M 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 TaiwanICDF participates in.

### When did TaiwanICDF last invest?

The most recent investment recorded for TaiwanICDF closed in Oct 2024. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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