Earlybird closes its 4th venture fund at 100 Usd millions

Pubblicato il 04 Apr 2012

Earlybird announced the closing of its fourth fund valued 100 Usd millions. The news is important because shows how in Europe the hype of the innovation is high and it is also important for Italy where Earlybird is closing its local fund to invest specifically in Italy based innovative startups.

following the press note distributed by Earlybird

Earlybird Venture Capital (www.earlybird.com) today announces the $100M first close of its fourth venture fund. The target fund size is $200M.

Earlybird’s new fund will be dedicated to early-stage investments in disruptive global consumer and enterprise internet and technology businesses originating from Europe, with an emphasis on German speaking countries. Recent figures suggest that Berlin is now one of the fastest growing entrepreneurial hotspots globally, second only to Silicon Valley as the highest number of tech start-up company founding rates worldwide.

“We are deeply committed to founder success and in helping entrepreneurs build tomorrow’s category leaders. In addition to maintaining our Continental investment focus, we plan to significantly add to our seven existing portfolio investments in Berlin, which has become a nourishing ground for global tech companies.” highlights Christian Nagel, Managing Partner at Earlybird.

“The new Earlybird fund builds on Earlybird’s top tier performance in adverse market cycles over the last 14 years. We are proud that we have been able to attract a high quality group of existing and new investors from all over the world” said Hendrik Brandis, Managing partner at Earlybird.

Earlybird’s announcement today is another sign that venture capital is re-emerging as an attractive asset class on the Continent and underscores that, despite the sovereign debt credit crisis, innovation has not fallen victim to recession and the financing of novel companies that shift paradigms has little correlation to macro economic conditions,” said Andreas-Otto Schmidt, Head of Primary Private Equity at Deutsche Bank Private Equity.


Established in 1997 Earlybird currently manages $700 million in assets and is a leading European venture capital firm active in technology venture investing. Since its inception, Earlybird has invested in many companies which have sparked some of the most significant innovations in business and technology and resulted in large scale ($1bn+) IPOs and trade sales. Earlybird’s active portfolio currently includes more than 20 companies in the consumer internet and enterprise services space such as B2X Care Solutions, Carpooling.com, Crowdpark, Madvertise, nfon, Peak Games, Smava and Socialbakers.

Further information is available at www.earlybird.com, subscribe to our blog: www.blog.earlybird.com, follow us on Twitter: www.twitter.com/earlybirdvc or become a friend on Facebook: www.facebook.com/EarlybirdVC.

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