Fly Ventures Launches €80 Million Fund for Seed-Stage Startups
Berlin-based VC, Fly Ventures, has launched its third fund, totaling €80 million. This fund, revealed in 2024, focuses on seed-stage European startups specializing in enterprise and deep tech. The firm, known for its early-stage investments, targets technical founders and operates with a boutique approach.
Fly Ventures typically invests between €1-4 million in rounds ranging from €2-10 million. The firm's investment strategy centers on emerging technologies, often before they gain mainstream attention. Their portfolio includes companies like Inato, Salv, and GitGuardian, showcasing their diverse investments.
The firm's equal-GP model comprises four partners located across key European tech hubs: Berlin, London, Paris, and Zurich. This strategic positioning allows them to effectively cover the European startup landscape, with a particular focus on Germany, the UK, and France, recognizing Paris's growing importance in the tech scene. For related insights on venture capital, see Heartcore Capital's latest fund launch.
Investment Focus and Portfolio Highlights
Artificial intelligence (AI) represents a significant portion of Fly Ventures' investments, accounting for approximately 45%. Vertical applications and industrial tech comprise 35%, while dev tools and infrastructure make up the remaining 20%. One notable portfolio company, Wayve, recently secured substantial funding for autonomous driving technology. This aligns with Fly Ventures' interest in cutting-edge technologies like AI, as seen with their investment in Lakera, a startup focused on LLM vulnerabilities. For more on AI advancements, check out OpenAI's latest developments.
Fly Ventures also invests in materials science, demonstrated by their investment in Orbital Materials. This reflects their commitment to deep tech and their focus on supporting companies pushing the boundaries of scientific innovation. For related news on emerging technologies, see updates on macOS Sequoia.