According to IFC website, the transaction is an equity investment in Earlybird Digital East Fund II, a venture capital (“VC”) fund that will invest in technology companies in Turkey and Central Eastern Europe. It is expected to provide the following impacts:
Increased access to risk capital for technology startup
Increased Investee Growth
Improved Competitiveness by catalyzing creation of other fund managers
Improved competitiveness in relevant target sectors by encouraging incumbents to leverage technology
Fund: (Earlybird) Digital East Fund II, special limited partnership, established as Alternative Investment Fund in Luxembourg.
No contact information provided at the time of disclosure.
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