TBC Bank

CEO Vakhtang Butskkhrkidze oversees the group's strategic direction, including capital allocation. Day-to-day venture investment decisions at TBC VC are managed by a dedicated team operating from the bank's Tbilisi headquarters. The bank reports that its investment committee includes senior management and, where applicable, independent board members for oversight of major deployment decisions.

TBC leverages its dominant retail and corporate banking position in Georgia to originate deal flow. Its balance-sheet lending relationships give it a view into thousands of businesses before they seek venture capital. In Uzbekistan, its digital-only subsidiary provides a similar origination funnel without a legacy branch network.

TBC VC operates as a direct investor, deploying balance-sheet capital into early-stage companies rather than committing to external funds. The bank's corporate lending arm also provides credit facilities to growth-stage businesses, creating a staged capital continuum from equity to debt within a single institution.

TBC VC targets early-stage and seed-stage companies primarily in fintech, enterprise software, and adjacent digital infrastructure. The bank's broader commercial lending operations serve mid-market and established corporate clients, while its retail division serves consumers.

TBC is neither. It is a publicly traded universal bank whose stock was listed on the London Stock Exchange. Its venture activity is conducted through a wholly-owned subsidiary, TBC VC, using balance-sheet capital rather than external limited partners — a structure that resembles corporate venture capital arms of large financial institutions in developed markets.

TBC has not published a formal exclusion list for its venture investments, but operates under Georgian banking regulations which impose prudential limits on equity holdings. As a publicly traded bank, it faces regulatory capital requirements that constrain the scale of its principal investing relative to its core lending business.

TBC operates a corporate Social Impact Fund that directs support toward community projects in Georgia and Uzbekistan. This arm is governed separately from the bank's commercial and investment operations. The fund has supported educational and cultural initiatives, maintaining a distinct reporting line to the bank's supervisory board.