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This article was published on April 3, 2012

    Heads up, Berlin startups: Earlybird raises $100m for its target $200m fund

    Heads up, Berlin startups: Earlybird raises $100m for its target $200m fund Image by: Gina Sanders - Fotolia
    Robin Wauters
    Story by

    Robin Wauters

    Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

    Earlybird Venture Capital, the aptly named pan-European early-stage VC firm based in Berlin, has raised $100 million for its fourth venture fund – only half of its target $200 million fund. The investment firm has now raised over $700 million since its founding in 1997, and has backed companies like Simfy, Socialbakers, Carpooling.com, madvertise, Peak Games and Crowdpark along the way.

    Earlybird says its fourth fund will be dedicated to early-stage investments in global consumer and enterprise Internet and technology businesses originating from Europe, with an emphasis on German-speaking countries.

    Specifically, Earlybird is keeping a close eye on what goes on in its hometown of Berlin, which is quickly turning into one hell of an entrepreneurial hotspot.

    Christian Nagel, managing partner at Earlybird, says the investment already boasts seven portfolio companies in Berlin, and that it plans to ‘significantly’ add to those in the coming years. It’s worth noting that Earlybird only recently moved all its operations (PDF) from Hamburg to Berlin after first setting up a hub there.

    Other Berlin investors include Team Europe and Econa.

    Sources close to the firm were unable to confirm whether part of the $100 million will serve to buy the Earlybird team, pictured below, some non-blue shirts. :)