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Berlin’s Earlybird Venture Capital hits $100m first close

3 Apr 2012

Earlybird Venture Capital has secured $100m in commitments for the first close of its fourth venture fund, taking the Berlin-based growth investor halfway to its $200m target.

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, the firm said.

“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, a managing partner at Earlybird.

Established in 1997 Earlybird currently boasts $700m in assets and manages an active portfolio of more than 20 companies in the consumer internet and enterprise services space.

These include B2X Care Solutions, Carpooling.com, Crowdpark, Madvertise, nfon, Peak Games, Smava and Socialbakers.

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