What investment strategy does BlueYard Capital focus on?

BlueYard Capital focuses on VC strategies in the private equity space.

How many portfolio companies does BlueYard Capital have?

BlueYard Capital has 35 active portfolio companies and 4 completed exits and 4 funds tracked on GP Intel.

Where is BlueYard Capital headquartered?

BlueYard Capital is headquartered in Berlin, Germany.

What is BlueYard Capital's assets under management?

BlueYard Capital manages approximately €460M in assets under management.

When was BlueYard Capital founded?

BlueYard Capital was founded in 2016.

What sectors does BlueYard Capital invest in?

BlueYard Capital invests across TMT, Software, Healthcare, Energy.

What are BlueYard Capital's recent exits?

Recent realized exits by BlueYard Capital include: Dance (2026) to Swapfiets; Privy (2025) to Stripe; FreedomFi (2022) to Nova Labs; IonQ (2021) to dMY Technology Group, Inc. III.

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BlueYard Capital

Berlin, Germany·Founded 2016·

Venture Capital

·blueyard.com

BlueYard Capital is a Berlin-based deep-tech venture capital firm founded in 2016 by former Earlybird partners Ciaran O'Leary and Jason Whitmire. It invests at pre-seed to Series A as lead or co-lead across computation and intelligence, engineering, aerospace and defense, biology and chemistry, and crypto, with roughly 500m USD in AUM. Notable positions include Protocol Labs, Filecoin, Marvel Fusion, IonQ, Groq, Privy and Castelion. The firm operates via Blue Yard Capital GmbH (HRB 170693 B, Amtsgericht Charlottenburg) at Neue Schoenhauser Str. 20.

AUM

€460M

Funds

vintages 2016–2022

Portfolio

Exits

BlueYard Capital is a Berlin venture capital firm with €460M AUM, 35 active companies and 4 exits.

SectorsTMT Software Healthcare Energy

Key takeaways

·4 exits in the last 5 years · consistent DPI cadence.
·Average hold across 4 realized deals: 3 years.
·Top sector focus: Biotech (31% of portfolio).
·Fund cadence: ~2Y between vintages · last raise 2022.

Sector breakdown

39 companies

Biotech

12 · 31%

Deep Tech

8 · 21%

Aerospace & Defence

3 · 8%

AI/ML

3 · 8%

Fintech

3 · 8%

Industrials

2 · 5%

Software

2 · 5%

Cloud Infrastructure

1 · 3%

Geography breakdown

11 geographies

14 · 36%

Germany

9 · 23%

6 · 15%

Switzerland

2 · 5%

Netherlands

2 · 5%

Ireland

1 · 3%

Denmark

1 · 3%

Israel

1 · 3%

Key facts

HQBerlin, Germany

Founded2016

Websiteblueyard.com

Recent exits

BlueYard Capital sold Dance to Swapfiets in 2026 after 6 years.

BlueYard Capital sold Privy to Stripe in 2025 after 3 years.

BlueYard Capital sold FreedomFi to Nova Labs in 2022 after 1 year.

BlueYard Capital took IonQ public in 2021 after 3 years.

Coverage notes

4 funds tracked, 39 portfolio companies (35 active · 4 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund BlueYard Capital has raised, with its portfolio companies. Hand-checked from public filings.

4 funds

Fund

Strategy

Vintage

Size

Assets

Exits

BlueYard Capital Fund III

VC2022€170M20 assets1 exits

2022 · 4yr

€170M

Unrealized

20 held

Company	Entry
Aerska Biotech · Ireland	2025
AnySignal Aerospace & Defence · US	2023
Biomia Biotech · Denmark	2023
Castelion Deep Tech · US	2023
Chemify Deep Tech · UK	2023
clock.bio Biotech · UK	2024
Corintis Deep Tech · Switzerland	2025
CPTx Biotech · Germany	2024
Creasallis Biotech · UK	2023
Cytosolix Biotech · US	2023
ExpressionEdits Biotech · UK	2024
Flashbots Industrials · US	2023
Grouphug AI/ML · Germany	2025
Manex AI AI/ML · Germany	2025
Miren Cloud Infrastructure · US	2025
Rapidata AI/ML · Switzerland	2023
Sensible Biotechnologies Biotech · UK	2023
VSParticle Deep Tech · Netherlands	2023
Zafrens Biotech · US	2023
ZeroPhase Aerospace & Defence · Germany	2025

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Privy Fintech · US	2022	2025	Trade Sale	Stripe	–

BlueYard Crypto 1

VC2021€62M2 assets

2021 · 5yr

€62M

–

Unrealized

2 held

Company	Entry
Ingonyama Deep Tech · Israel	2023
Kiln Fintech · France	2022

BlueYard Capital Fund II

VC2019€105M6 assets2 exits

2019 · 7yr

€105M

Unrealized

6 held

Company	Entry
bit.bio Biotech · UK	2019
Grid Software · Iceland	2019
Insempra Biotech · Germany	2020
Marvel Fusion ClimateTech · Germany	2019
Seeqc Deep Tech · US	2020
Transcripta Bio Biotech · US	2020

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Dance Mobility · Germany	2020	2026	Trade Sale	Swapfiets	–
IonQ Deep Tech · US	2018	2021	IPO	dMY Technology Group, Inc. III	–

BlueYard Capital Fund I

VC2016€111M7 assets1 exits

2016 · 10yr

€111M

Unrealized

7 held

Company	Entry
Centrifuge Fintech · Germany	2018
Filecoin Industrials · US	2016
Meatable FoodTech · Netherlands	2018
Pitch Software · Germany	2018
Protocol Labs Deep Tech · US	2016
Spaceknow Aerospace & Defence · US	2017
Vectary SaaS · Slovakia	2016

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
FreedomFi Telecom · US	2021	2022	Trade Sale	Nova Labs	–

Frequently asked questions

What investment strategy does BlueYard Capital focus on?: BlueYard Capital focuses on VC strategies in the private equity space.
How many portfolio companies does BlueYard Capital have?: BlueYard Capital has 35 active portfolio companies and 4 completed exits and 4 funds tracked on GP Intel.
Where is BlueYard Capital headquartered?: BlueYard Capital is headquartered in Berlin, Germany.
What is BlueYard Capital's assets under management?: BlueYard Capital manages approximately €460M in assets under management.
When was BlueYard Capital founded?: BlueYard Capital was founded in 2016.
What sectors does BlueYard Capital invest in?: BlueYard Capital invests across TMT, Software, Healthcare, Energy.
What are BlueYard Capital's recent exits?: Recent realized exits by BlueYard Capital include: Dance (2026) to Swapfiets; Privy (2025) to Stripe; FreedomFi (2022) to Nova Labs; IonQ (2021) to dMY Technology Group, Inc. III.