Europe VC That Earned 20-Fold Return Raises $250 Million Fund As Bek Ventures
- Firm rebrands from Earlybird Digital East with third fund
- Early deal in UiPath led to 20 times multiple with first fund
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A venture capital firm with notable hits in eastern Europe and Turkey has rebranded as Bek Ventures and raised a $250 million fund to invest in the region.
The investing team at the firm cut early checks into Peak, a Turkish gaming startup that sold to Zynga Inc. for $1.8 billion, and UiPath Inc., a Romanian software company that listed in New York in 2021.