The Digital East Fund (ex-Earlybird) has raised its second fund, continuing to back potential global winners from Emerging Europe. We have already made two new investments: Picus Security, the European leader for breach and attack simulation software; and FintechOS, an end-to-end rapid digital application development for financial institutions.
We are also proud to continuously back our existing portfolio, investing in several follow-on rounds this year. For example, UiPath, the Romanian unicorn which raised its first outside capital from Digital East Fund (ex-Earlybird), has raised $568m at $7bn valuation in April 2019 by T. Rowe Price, Coatue, Dragoneer, Wellington, Sands Capital, and several existing investors, becoming the global leader in RPA. In addition, our companies Hazelcast, Minit, Obilet have raised substantial follow-on rounds.