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Earlybird closes fourth fund on €127m12/08/2008. Source: AltAssets. 
 Germany-based venture capital firm Earlybird Venture Capital has closed its fourth fund, Earlybird IV, on €127m. The fund held a first closing on €65m in May 2007.
Investors in the fund are from Germany, the US, Asia and the Middle East and include Osaka Gas, Procific, European Investment Fund and German investors VCM and KfW.
Earlybird IV has already invested in Clean Mobile (Germany), Light Blue Optics (UK), Miracor (Austria), Purple Labs (France), Sidec (Sweden), smava (Germany) und smoodoos (Germany).
Dr Hendrik Brandis, managing partner of Earlybird said, 'We are proud that we have managed to close a strong new fund in the current market environment. This is a proof for our successful work in the past together with the management teams of our portfolio companies. We are delighted that we were able to convince many institutional investors of our investment strategy.'
Earlybird IV is a third-generation fund, following Earlybird I/II, which raised €60m, and Earlybird III, which raised €165m.
Earlybird has offices in Germany (Hamburg and Munich) and in the US (Menlo Park, California). The firm has approximately €400m of assets under management. Its investment focus is on companies operating in the software, semiconductor technology, information and communication technology, internet-enabled services, cleantech and medtech segments.
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