Ebulula Mardin Cad. No:55
March 2022 – Kinstellar has successfully advised Earlybird Digital East, one of the top venture capital firms in Europe, on an additional USD 100 million extension to the Series B funding round for fintech start-up Payhawk, the all-in-one spend management platform.
This latest round of investment increases Payhawk’s Series B round to USD 215 million. Our team has advised Earlybird Digital East since the initial seed funding of Payhawk in March 2020.
Payhawk has now reached a valuation of USD 1 billion, becoming the first Bulgarian unicorn. The company will use the Series B funds to further grow its product team, double its efforts to build best-in-class enterprise features, and expand its sales and marketing team for new market penetration in 2022.
Kinstellar’s team was led by Emre Edmund Ozer (Partner), who with Diana Dimova, Managing Partner of our Sofia office, has been advising Earlybird Digital East since their initial seed funding in Payhawk.