Digital East Fund, formerly known as Earlybird, has announced the launch of its over €235 million third fund, which will be dedicated to investing in early-stage technology startups. Established as a standout performer in European venture capital, Bek Ventures secured investments from a diverse pool of global financial institutions, including insurance companies, fund-of-funds, corporate investors, family offices, and seasoned entrepreneurs, with a significant proportion hailing from the US and Europe.
With a proven track record of successful investments, Bek Ventures has proudly backed companies such as UiPath and Payhawk in their journey to unicorn status. The agency’s realized returns total $2.4 billion, earning it recognition as the world’s top-performing venture capital firm by HEC since 2010. Bek has successfully deployed Fund III across five entrepreneurial ventures, including Zeta Labs, a pioneering developer of artificial intelligence-powered brokerage platforms, and Proofs, an innovative firm harnessing AI-driven tools to expedite the development of proof-of-concept prototypes.
According to Cem Sertoglu, Managing Director of Accomplice, perseverance is key.
Bek Ventures adopts a distinct approach, providing subsequent investments to approximately 9 in 10 portfolio companies. Mehmet Atici, Managing Accomplice mentioned:
The agency specialises in supporting European entrepreneurs, with a particular emphasis on those hailing from Central and Eastern Europe, where they can tap into the region’s renowned technical prowess to build robust global companies. Currently, roughly half of Bek’s investment portfolio is focused on the US market, a testament to its commitment to supporting European entrepreneurs in their international expansion efforts.
