Heilemann Ventures, a Berlin based provider of seed and early stage funding, and Earlybird Venture Capital, a European venture capital firm, have merged their digital tech teams.
Led by Fabian and Ferry Heilemann, the Heilemann team will back up the German Earlybird digital tech team, for their part led by co-founders Hendrik Brandis and Christian Nagel and will jointly launch a new Earlybird Digital West Fund, which aims to raise €150m.
Following Earlybird’s previous strategy, the new Digital West Fund will focus on digital business models suitable for a global roll-out, as proven by last year’s exits of 6Wunderkinder and Carpooling.
The two teams have already cooperated for several years, e.g. on last year’s co-investments in Movinga and Cashboard. With offices in Berlin, Munich and Istanbul and more than €700m under management, Earlybird is one of the largest and most active venture capital providers in Europe – having made a total of 111 investments, 6 IPOs and 16 trade sales so far.
Founded in 2011, Heilemann has managed two venture funds which have invested in 26 companies since 2011, of which 6 have been sold so far.
FinSMEs
29/04/2016