Fly Ventures Launches €80M Fund Targeting Technical Founders 🚀💼
Exciting news in the venture capital world! Fly Ventures, a Berlin-based firm known for its investments in seed-stage European startups, has just launched its third fund, amassing an impressive €80 million. This is a big leap from their previous €53 million fund in 2020, indicating a positive trajectory for the firm and the deep tech sector overall! 🌍✨
A Focus on Innovation and Technical Founders 👩💻👨💻
What sets Fly Ventures apart is its commitment to betting on technical founders who are willing to explore uncharted territories, particularly in sectors like enterprise and deep tech. The firm claims that their latest fund was oversubscribed and successfully raised in a single closing, reflecting their growing reputation and investor confidence. 💪📈
Gabriel Matuschka, the co-founder, shared their investment philosophy saying, “We like doing things that at the time, other people think, what the … material science and AI?!” It’s this forward-thinking mindset that places Fly Ventures ahead of the curve, allowing them to make impactful investments before trends fully emerge. 📊🧠
The Team Behind the Success 🏅
Lead by a powerhouse team, including Matuschka and Fredrik Bergenlid, Fly Ventures operates through an equal-GP model with partners spread across various European tech hubs—Berlin, London, Paris, and Zurich. This diversified geographical presence provides them with unique insights and access to different markets, enhancing their investment strategies. 🌐🔍
Portfolio Highlights 💡📊
So far, a staggering 45% of their investments have gone in Artificial Intelligence (AI), with 35% directed towards vertical applications and industrial technology. Among the notable companies in their portfolio are Inato, an innovative clinical trials marketplace, and GitGuardian, a leading cybersecurity firm. Recently, the firm also invested in Wayve, which raised a whopping $1.05 billion for its autonomous driving technology! 🚗💨
Fly Ventures' proactive approach and focus on technical expertise underline their potential to create significant value in the ventures they support. The timely introduction of their €80M fund also signifies a promising future for the startup ecosystem in Europe, especially in deep tech and AI sectors. 🎉🌟
Conclusion 🔑
In a rapidly evolving tech landscape, Fly Ventures is positioning itself as a key player by focusing on investments that others may overlook. Their new fund could pave the way for numerous groundbreaking innovations, driving progress in the technology sector over the coming years. 🕒💡
Stay tuned for more updates and insights from the startup world! 🚀
[#VentureCapital #TechStartups]
