Earlybird Venture Capital today announced the $100 million first close of its fourth venture fund. The target fund size is $200 million.
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. Earlybird’s Max Claussen stated in an interview with Silicon Allee, that this is “great news for the scene in Berlin in terms of seed funding. Earlybird aimst to do 10 to 15 seed investments out of the new fund, many of them in Berlin.”
Christian Nagel (Managing Partner, Earlybird) highlights: “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.”