Earlybird VC was one of many, if not the “OG” of the emergence of Berlin as a key world tech startup ecosystem 15 years in the past. Based in 1997, it’s gone on to again N26 and UiPath, amongst many others. And up to now 4 months, two extra Earlybird portfolio corporations have turn out to be Unicorns: Aiven, a Finnish software program firm that mixes open supply with cloud infrastructure and OneFootball, a German sports activities and soccer media platform.
It’s now closed its seventh early-stage fund at a tough cap of €350 million, making it one of many largest European early stage funds, and the agency says it was oversubscribed. A few years in the past Earlybird cut up into Earlybird West and East, with the latter taking over areas like Central Europe and Turkey. This new fund is anchored within the Digital West (as in Western Europe) funding staff.
The Earlybird Digital West fund VII will have a look at Enterprise Software program, Fintech and Sustainability, with a specific concentrate on deep tech. Earlybird Digital West has revamped 17 investments out of this new fund and so they embody each current and new portfolio corporations similar to Aleph Alpha, Deed, Finmid, Hive Applied sciences, HiveMQ, Marvel Fusion, MAYD, Remberg, Sikoia and ThingsTHINKING.
Hendrik Brandis, Accomplice and Co-Founder at Earlybird mentioned in an announcement: “Our portfolio corporations Isar Aerospace, Aleph Alpha, Marvel Fusion or SimScale present that deep tech startups are on the rise and stem from steady work of scientific establishments throughout Europe. Our function is to supply these extremely scientific younger corporations, in addition to our different focus sectors similar to Fintech, Enterprise Software program and Sustainability, commercialization and development alternatives on a worldwide scale, with a view to make ground-breaking concepts obtainable to society.”
Christian Nagel, Accomplice & Co-Founder at Earlybird added: “We’re grateful for the high-level of dedication and belief coming from our long-term buyers, lots of whom accompanied us alongside virtually all our fund generations.”
Earlybird has had another latest wins: the latest $900 million funding spherical for N26 – making its the second most beneficial retail financial institution in Germany; and the rise of Isar Aerospaceone of the best-funded house tech firm in Europe.
