SEAF Bangladesh Ventures (SEAF BV) was launched in 2010 to provide small and medium-sized enterprises (SMEs) in Bangladesh with structured capital and quasi-equity investments. This was the first company to focus exclusively on providing growth and working capital to companies of this size in Bangladesh.
SEAF BV was conceived through the International Finance Corporation’s (IFC) SME Ventures Program – an initiative designed to support risk capital financing to SMEs in underserved emerging markets. In May of 2017, the Fund received a follow-on commitment of USD 10 million from the IFC and Climate Investment Funds-Pilot Programme for Climate Resilience (CIF-PPCR). CIF-PPCR is allocating capital in the form of grants and financing to Bangladesh, which is targeted to “enable Bangladesh to make strategic investments in critical areas of climate resilience planning and implementation in a manner consistent with its poverty reduction and sustainable development objectives.”
SEAF BV aims to capitalize on Bangladesh’s strategic geographic location between India and China and its attractive demographic trends by providing technical assistance and investment into growing SMEs in key sectors that represent strong growth opportunities but have lacked access to traditional sources of finance.