Emerging as an Eastern powerhouse, Earlybird Digital East Fund launches new $242M fund
Earlybird Digital East Fund — a fund associated with Germany’s Earlybird VC, but operating separately — has launched a €200 million ($242 million) successor fund. The fund’s focus will remain the same as before: a seed and Series-A fund focusing on what’s known as “Emerging Europe”; in other words, countries stretching from the Baltics to Central and Eastern Europe, and Turkey. The firm has also promoted Mehmet Atici, who’s been with the firm for eight years, to partner. The new fund has made four investments so far: FintechOS, Payhawk, Picus and Binalyze.