Berlin-based Earlybird Venture Capital‘s family of funds will soon focus on two distinct entities: Earlybird and Earlybird Health. They will be managed by independent partnerships with offices in Munich, Berlin, and London, and additional presence in Paris, Milan, Dublin, and Cologne. The Digital East Fund will rebrand and continue its journey independently under a new name.
According to the Berlin-based VC, the decentralized family of funds structure has enabled Earlybird over the years to support innovation across Europe. Nevertheless, the dynamics of remote work and the pandemic have shifted geographic limitations. Reflecting this impact, Earlybird says they are adopting a new and more agile approach.
Earlybird-X fund, which leveraged a network of 45 professors from leading universities such as TU Munich, RWTH Aachen, and Imperial College London, will be integrated into Earlybird’s flagship early-stage strategy. While, Vision Lab, another key initiative, will evolve into Earlybird’s overarching pro-bono ESG initiative, reflecting a commitment to sustainable and socially responsible investing.
Greater impact
Dr. Hendrik Brandis, Co-Founder and Partner at Earlybird, said: “This is a true upgrade of our fund structure as it enhances our ability to provide even more focused support and expertise to our portfolio companies. With the two entities, we can be more responsive to market needs and better support visionary entrepreneurs. As such, we are now in the ideal position to achieve even greater impact in the European venture capital landscape.”
Earlybird is one of Europe’s longest-standing and most experienced venture capital firms with €2.5 billion in assets under management, nine IPOs, and 33 trade sales. In the context of this structural evolution, the fund is welcoming Dan Lupu, who joins as a Venture Partner and will provide continuity to their work and presence in Eastern Europe. Dan was a founding partner of Digital East and was instrumental in the success of Fund I with his investment in UiPath and many other success stories in Fund II.
Read the orginal article: https://www.eu-startups.com/2024/08/earlybird-venture-capital-restructures-into-two-entities-to-provide-more-support-for-portfolio-companies/
