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ED

Earlybird Digital East

Venture Capital

Portfolio

2

companies


Portfolio companies

C

Cerbos

Cerbos provides open-source software to streamline user permissions for growing tech companies.

P

Payhawk

Payhawk combines corporate cards, invoice processing, and expense management into a single financial platform.


Team

MA

Mehmed Atici

Investor


Recent investments

Seed
$3.5M

Crane led the seed round with backing from Earlybird Digital East, Seedcamp, and multiple angel investors.

"It is well understood that user permission requirements get more complex as enterprise clients get bigger, and serve users in different roles, with a complex number of permission exceptions. To save companies from building this from scratch, Cerbos’ open-source approach radically simplifies user and role permissions by abstracting away the complexity. At Crane, we’ve been blown away by how much value their early users are already getting from the system."
— Scott Sage, Partner
Series B
£83.7M

Greenoaks led the Series B round, which values the company at $570m.

"Ask any business owner, and they’ll tell you that managing corporate spend is among the most frustrating parts of running a company. It requires significant manual work that consumes employee time and introduces substantial room for error. Payhawk turns a fragmented process into a seamless one, providing a single place to manage the entire spending lifecycle from company cards to expenses and bill payments to invoices. We’ve been thrilled to see how fast they’ve grown, already serving a truly global customer base that’s attracted by powerful and delightful software. We think that painful expense reports and bill payments should be a thing of the past, and we are excited to partner with Payhawk on the way to getting there."
— Patrick Backhouse, Partner
Series A
£14.3M

QED Investors leads Series A financing into the expense management platform alongside Earlybird Digital East.

"We are delighted to invest in Payhawk. The company is growing at a phenomenal rate. The company’s product fundamentals are exceptionally strong, and industry trends are working in the company’s favour too. As budgets are more typically managed online by remote teams, there is unprecedented demand for cost-effective finance solutions. We look forward to working with Hristo and the team"
— Yusuf Ozdalga, London Partner