
Fly Ventures Launches €80M Fund Targeting Tech Visionaries
Berlin’s dynamic venture capital landscape sees a new contender as Fly Ventures announces its third fund, targeting €80 million to support seed-stage European startups with a tech focus. Established with partners located across key innovation hubs Berlin, London, Paris, and Zurich, Fly Ventures is strategically positioned to nurture pioneering entrepreneurs.
Strategic Focus on AI and Technical Verticals
Gabriel Matuschka and Fredrik Bergenlid, the masterminds behind Fly Ventures, have carved a unique niche in backing technical founders interested in material science and AI years ahead of the trend. The fund reflects the firm's desire to remain boutique yet impactful, infusing €1-4 million investments in early inception rounds. Their prior accomplishments include notable exits and a forward-thinking portfolio.
Historical Context and Background
Founded after years of individual successes in tech and entrepreneurship, Matuschka and Bergenlid have continuously sought to operate ahead of the curve, as reflected by their predominant focus on AI—constituting 45% of their investments. This approach has attracted significant interest, proven by the oversubscribed closing of Fund III.
Future Predictions and Trends
With AI and industrial technology fueling startup growth, Fly Ventures anticipates an upward trajectory for these sectors. Companies like Wayve exemplify this trend, raising substantial funds to drive innovation in autonomous technology. Entrepreneurs and investors alike should expect profound impacts on European tech ecosystems in the coming years.
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