Friday, February 26News That Matters

Tag: Emerging

Rising as an Eastern powerhouse, Earlybird Digital East Fund launches new $242M fund

Rising as an Eastern powerhouse, Earlybird Digital East Fund launches new $242M fund

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Earlybird Digital East Fund — a fund linked to Germany’s Earlybird VC, but operating individually — has launched a €200 million ($242 million) successor fund. The fund’s heart of attention will remain the identical as earlier than: a seed and Series-A fund focusing on what’s identified as “Rising Europe”; in other phrases, international locations stretching from the Baltics to Central and Eastern Europe, and Turkey. The agency has also promoted Mehmet Atici, who’s been with the agency for eight years, to companion. The new fund has made four investments to this point: FintechOS, Payhawk, Picus and Binalyze. The succor-account to DEF is an spell binding memoir of what has happened to Europe in the closing 15 years, as tech took off and Europeans returned from Silicon Valley. Following...