EIF Invests in Earlybird Fourth Fund


The European Investment Fund has invested in Earlybird Venture Capital’s fourth vehicle, which recently held its first closing at $100m (read here), committing close to 40% of the total size.

The commitment include support from:
– the ERP-EIF Dachfonds, which invests in venture capital funds focusing mainly, but not exclusively, on German-based high-tech early stage companies, and
– the LfA-EIF Facility, a €100m fund-of-funds for investments in venture capital funds to support technology-oriented early and development stage companies in the region of Bavaria, Germany.

Based in Berlin, Earlybird focuses on early stage investments in global consumer and enterprise internet and technology businesses in German-speaking and other European countries.

FinSMEs

01/05/2012

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