Berlin-based Earlybird Venture Capital has reportedly held a final close for its fourth fund at its $200m target.
Dow Jones first reported the news, citing a person with direct knowledge of the matter.
AltAssets reported in April last year that Earlybird had hit the halfway stage for the fundraise by holding a $100m first close.
The 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.
Earlybird managing partner Hendrik Brandis said at the time, “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.”
The firm was established in 1997 and boasts about $700m in assets, managing an active portfolio of more than 20 companies in the consumer internet and enterprise services space.
They include B2X Care Solutions, Carpooling.com, Crowdpark, Madvertise, nfon, Peak Games, Smava and Socialbakers.
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