Berlin-based Earlybird Venture Capital announced the initial closing of its new early stage fund – The Digital East Fund (EDEF)- at over $110 million with a target up to $130 million. Company says the fund will focus on the underserved and attractive Turkey and Central and Eastern Europe (CEE) markets.
Total capital commitments contribute to total funds of over $900 million raised by Earlybird since its founding in 1997, and it will be used for investments in disruptive consumer internet, mobile and enterprise technology companies originating from Turkey and CEE, official press release discloses.Read More
As parallel sessions got started in Webrazzi Summit, interesting topics and speakers have started to take their places in 4 rooms at the same time. In Diamond room, two sessions moderated by Robin Wauters from TechCrunch were held one after the other.
In the first session whose topic was European Risk Capital, Robin’s guests were Vincent Lambert from Summit Partners which has a funding of 250 – 300 million euros and Roland Manger from EarlyBird Ventures, managing a half billion dollar fund and has also made an investment in PeakGames.
In this session guests pointed out that European Risk Capital market has turned towards the East, and as developing markets start to attract investors, Turkey, Poland and Czech Republic have started to be the most attractive countries.
Both speakers have stated that they care for talent concerning investment, while especially highlighting that mobile is one of the rising trends worldwide.Read More
Founded by Sidar Şahin in October 2010, the company reached a considerable growth with not only the high number of users by its games, but also the sales figures.
This led to high interest towards Peak Games on foreign investors’ side, and finally the large-scale investment has come.
As we have learned today, Europe based investment company Earlybird Venture Capital made an investment of 5 million dollars in Peak Games. We had first hear of this news last week, and today we have both parties confirm it as the papers have been signed. Also, official information with details have been sent to us by the company today.Read More