Earlybird Venture Capital has held the first close of its fourth venture fund at $100m.
The fund, whose target is fixed at $200m, will focus on investing in early-stage investments in disruptive global consumer and enterprise internet and technology businesses originating from Europe, with an emphasis on German speaking countries.
Commenting on the close, Christian Nagel, Managing Partner at Earlybird, said that “…In addition to maintaining our Continental investment focus, we plan to significantly add to our seven existing portfolio investments in Berlin, which has become a nourishing ground for global tech companies”.
Established in 1997, Earlybird currently manages $700m in assets. Its portfolio now includes more than 20 companies in the consumer internet and enterprise services space such as B2X Care Solutions, Carpooling.com, Crowdpark, Madvertise, nfon, Peak Games, Smava and Socialbakers.