Berlin, Germany-based Earlybird Venture Capital closed its sixth Digital West early stage fund, at €175m.
The fund was oversubscribed with key institutional limited partners and large corporate companies. Public investors are not involved.
The vehicle will continue focusing on disruptive technology companies originating from Europe, mainly in German-speaking countries, Nordics, UK,
Benelux, France and Southern Europe.
The active portfolio now spans from companies such as ShapeShift, MediDate and Everoad to CrossEngage or Movinga.
This closing adds to some milestones in Earlybird’s existing portfolio, such as the recent $160m funding of the mobile banking company N26, UiPath’s unicorn status with a valuation of more than $1 billion , and the initial public offering of NFON (Frankfurt Prime, NFNX:GER).
Led by Dr. Christian Nagel, co-founder and partner, Dr. Hendrik Brandis, founding partner, and Dr. Fabian Heilemann, Partner, Earlybird manages different funds with focuses on digital technologies in Eastern and Western Europe as well as health technologies, recording over €1 billion under management, seven IPOs and 22 trade sales so far.
The firm has already made 13 investments out of the new fund in the latest months.