Munich-based venture capital firm Earlybird has closed its sixth early-stage fund with €175 million. Earlybird Venture Capital now manages more than €1 billion in capital.
The fund focuses on early-stage European digital technology companies. The capital invested in the fund comes primarily from institutional investors and established large companies. Public investors are not involved. Dr. Fabian Heilemann, Partner at Earlybird, says:
"We see a steadily growing number of promising deep-tech startups in Europe with outstanding teams and rapidly scalable business models. With our new "Digital West" Fund, we will increasingly invest in precisely such companies."
In addition, the VC is expanding its strategic cooperation with the companies and investors involved in the new fund, Dr. Christian Nagel, Founding Partner of Earlybird:
“While companies provide industry expertise, networks, and capital, we provide them with long-term access to innovations and technologies in addition to returns.”
Dr. Hendrik Brandis, also a founding partner, says:
"Given the growing opportunities offered by global digitalization, Europe is clearly underserved in terms of venture capital. Compared to the US, only about 15 percent of venture capital is available per capita. The opportunities for venture capital investors active in Europe are correspondingly better."
For the current early-stage fund, Earlybird has already made 13 investments in young European digital companies in recent months.
