Earlybird Venture Capital
One of Europe most experienced venture capital firms (Berlin/Munich, founded 1997), investing across technology and life sciences from seed to growth stage pan-Europe; runs Earlybird Digital West (tech), Earlybird Health (life sciences) and Earlybird-X / Growth Opportunities funds; about 2.5bn EUR under management.
Key facts
Recent exits
Coverage notes
4 funds tracked, 135 portfolio companies (100 active · 35 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
135 companiesFunds & portfolio
Every fund Earlybird Venture Capital has raised, with its portfolio companies. Hand-checked from public filings.
Earlybird HealthVCHarvesting2017 · 9yr€185M18 active · 3 realized
Unrealized
18 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| MedTech |  UK | 2017 | |
| MedTech |  Switzerland | 2021 | |
| Biotech |  Germany | 2023 | |
| MedTech | UK | 2025 | |
| Biotech |  US | 2024 | |
| Biotech | UK | 2023 | |
| Biotech | Switzerland | 2025 | |
| MedTech | Switzerland | 2025 | |
| MedTech |  Belgium | 2019 | |
| HealthTech | Germany | 2022 | |
| HealthTech | Switzerland | 2020 | |
| MedTech |  Ireland | 2022 | |
| MedTech | Switzerland | 2018 | |
| Biotech | UK | 2025 | |
| Pharma | Ireland | 2020 | |
| MedTech | UK | 2024 | |
| HealthTech | Switzerland | 2025 | |
| MedTech | US | 2024 |
UK· Entry 2017Switzerland· Entry 2021Germany· Entry 2023UK· Entry 2025US· Entry 2024UK· Entry 2023Switzerland· Entry 2025Switzerland· Entry 2025Belgium· Entry 2019Germany· Entry 2022Switzerland· Entry 2020Ireland· Entry 2022Switzerland· Entry 2018UK· Entry 2025Ireland· Entry 2020UK· Entry 2024Switzerland· Entry 2025US· Entry 2024Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Biotech |  France | 2022 | 2025 | Trade Sale | – | ||
| Biotech | Switzerland | 2020 | 2023 | IPO | – | – | |
| HealthTech | Germany | 2020 | 2024 | Trade Sale | – |
Earlybird-X / Growth OpportunitiesVCHarvesting2017 · 9yr20 active
Unrealized
20 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AI/ML | Germany | 2020 | |
| AI/ML | Germany | 2025 | |
| Deep Tech | Germany | 2022 | |
| Deep Tech | France | 2023 | |
| Construction | Germany | 2022 | |
| Deep Tech | Germany | 2021 | |
| AI/ML | Switzerland | 2023 | |
| ClimateTech | Germany | 2023 | |
| Aerospace & Defence |  Italy | 2024 | |
| Aerospace & Defence | Germany | 2019 | |
| Construction | Germany | 2021 | |
| AI/ML | Germany | 2021 | |
| Deep Tech | Germany | 2022 | |
| FoodTech | Germany | 2023 | |
| Aerospace & Defence | Italy | 2026 | |
| FoodTech | France | 2021 | |
| HR Tech | Germany | 2025 | |
| Deep Tech | Germany | 2023 | |
| Deep Tech | US | 2017 | |
| FoodTech | Germany | 2023 |
Germany· Entry 2020Germany· Entry 2025Germany· Entry 2022France· Entry 2023Germany· Entry 2022Germany· Entry 2021Switzerland· Entry 2023Germany· Entry 2023Italy· Entry 2024Germany· Entry 2019Germany· Entry 2021Germany· Entry 2021Germany· Entry 2022Germany· Entry 2023Italy· Entry 2026France· Entry 2021Germany· Entry 2025Germany· Entry 2023US· Entry 2017Germany· Entry 2023Earlybird Digital East (legacy)VC2010 · 16yr0 active · 4 realized
Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Gaming | Turkey | 2011 | 2020 | Trade Sale | – | ||
| Data & Analytics | Czech Republic | 2011 | 2020 | Trade Sale | – | ||
| E-commerce | Turkey | 2010 | 2018 | Trade Sale | – | ||
| Software | Romania | 2014 | 2021 | IPO | – | – |
Earlybird Digital WestVCHarvesting1999 · 27yr62 active · 28 realized
Unrealized
62 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| FoodTech | Germany | 2022 | |
| Cloud Infrastructure |  Finland | 2019 | |
| AI/ML | Germany | 2025 | |
| AI/ML |  Sweden | 2025 | |
| DevTools | Finland | 2025 | |
| Business Services | Germany | 2010 | |
| LegalTech | Germany | 2026 | |
| Deep Tech | Germany | 2016 | |
| E-commerce | Germany | 2025 | |
| Fintech | UK | 2024 | |
| Data & Analytics |  Spain | 2015 | |
| Cybersecurity | Ireland | 2024 | |
| SaaS | Germany | 2022 | |
| Data & Analytics |  Austria | 2014 | |
| HR Tech | US | 2021 | |
| EdTech | Germany | 2021 | |
| AI/ML | Germany | 2024 | |
| Fintech | Germany | 2021 | |
| Fintech | Spain | 2023 | |
| Logistics | Germany | 2022 | |
| Software | Spain | 2022 | |
| InsurTech | Germany | 2019 | |
| InsurTech | Germany | 2022 | |
| Logistics | Germany | 2021 | |
| Cloud Infrastructure | Germany | 2021 | |
| Consumer | Germany | 2015 | |
| EdTech | Germany | 2022 | |
| SaaS | UK | 2024 | |
| Fintech | US | 2023 | |
| Data & Analytics | Germany | 2022 | |
| PropTech | Germany | 2015 | |
| AI/ML | Germany | 2024 | |
| Fintech | Germany | 2015 | |
| Deep Tech | France | 2024 | |
| Consumer | Germany | 2024 | |
| AI/ML | UK | 2025 | |
| Software |  Portugal | 2023 | |
| Fintech | Switzerland | 2021 | |
| Consumer | Germany | 2013 | |
| InsurTech | Germany | 2021 | |
| Construction | Italy | 2026 | |
| Fintech | Switzerland | 2025 | |
| AI/ML | UK | 2026 | |
| SaaS | Germany | 2022 | |
| Industrials | Germany | 2022 | |
| Logistics | Germany | 2017 | |
| Fintech | US | 2017 | |
| Fintech | UK | 2021 | |
| SaaS | Germany | 2014 | |
| AI/ML | Lithuania | 2025 | |
| AI/ML | Spain | 2025 | |
| Fintech | Germany | 2007 | |
| Cybersecurity | UK | 2020 | |
| AI/ML | UK | 2025 | |
| ClimateTech | Switzerland | 2024 | |
| AI/ML | US | 2024 | |
| E-commerce | UK | 2022 | |
| Data & Analytics | US | 2025 | |
| Fintech | Germany | 2020 | |
| Fintech | Germany | 2024 | |
| AI/ML | Germany | 2022 | |
| AI/ML | Germany | 2018 |
Germany· Entry 2022Finland· Entry 2019Germany· Entry 2025Sweden· Entry 2025Finland· Entry 2025Germany· Entry 2010Germany· Entry 2026Germany· Entry 2016Germany· Entry 2025UK· Entry 2024Spain· Entry 2015Ireland· Entry 2024Germany· Entry 2022Austria· Entry 2014US· Entry 2021Germany· Entry 2021Germany· Entry 2024Germany· Entry 2021Spain· Entry 2023Germany· Entry 2022Spain· Entry 2022Germany· Entry 2019Germany· Entry 2022Germany· Entry 2021Germany· Entry 2021Germany· Entry 2015Germany· Entry 2022UK· Entry 2024US· Entry 2023Germany· Entry 2022Germany· Entry 2015Germany· Entry 2024Germany· Entry 2015France· Entry 2024Germany· Entry 2024UK· Entry 2025Portugal· Entry 2023Switzerland· Entry 2021Germany· Entry 2013Germany· Entry 2021Italy· Entry 2026Switzerland· Entry 2025UK· Entry 2026Germany· Entry 2022Germany· Entry 2022Germany· Entry 2017US· Entry 2017UK· Entry 2021Germany· Entry 2014Spain· Entry 2025Germany· Entry 2007UK· Entry 2020UK· Entry 2025Switzerland· Entry 2024US· Entry 2024UK· Entry 2022US· Entry 2025Germany· Entry 2020Germany· Entry 2024Germany· Entry 2022Germany· Entry 2018Realized
28 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| SaaS | Germany | 2011 | 2015 | Trade Sale | – | ||
| Software | Germany | 1999 | 2007 | Trade Sale | – | ||
| Deep Tech | Switzerland | 2000 | 2011 | Trade Sale | – | ||
| Mobility | Germany | 2009 | 2015 | Trade Sale | – | ||
| PropTech | Germany | 2000 | 2016 | Trade Sale | – | ||
| SaaS | Germany | 2017 | 2022 | Trade Sale | – | ||
| AI/ML | Israel | 2023 | 2024 | Trade Sale | – | ||
| DevTools | Switzerland | 2018 | 2020 | Trade Sale | – | ||
| Consumer | Germany | 1999 | 2008 | Trade Sale | – | ||
| E-commerce | Germany | 1999 | 2004 | Trade Sale | – | ||
| Fintech | Germany | 2017 | 2023 | – | – | – | |
| Software | Israel | 2001 | 2006 | Trade Sale | – | ||
| Fintech | Germany | 1999 | 2005 | IPO | – | – | |
| Software | Germany | 1999 | 2006 | Trade Sale | – | ||
| LegalTech | UK | 2018 | 2024 | Trade Sale | – | ||
| AdTech | Germany | 2013 | 2019 | Trade Sale | – | ||
| Logistics | Germany | 2015 | 2023 | Trade Sale | – | ||
| Fintech | Switzerland | 2001 | 2005 | – | – | – | |
| Telecom | Germany | 2010 | 2018 | IPO | – | – | |
| InsurTech | US | 1999 | 2020 | Trade Sale | – | ||
| Data & Analytics | US | 2013 | 2022 | Trade Sale | – | ||
| Gaming | Germany | 2009 | 2011 | Trade Sale | – | ||
| Business Services | Germany | 2016 | 2019 | Trade Sale | – | ||
| AI/ML | Germany | 2021 | 2025 | Trade Sale | – | ||
| Gaming | Germany | 1999 | 2005 | IPO | – | – | |
| ClimateTech | Germany | 2010 | 2021 | Trade Sale | – | ||
| Consumer | Germany | 1999 | 2011 | Trade Sale | – | ||
| E-commerce | France | 2013 | 2018 | Trade Sale | – |
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About Earlybird Venture Capital
Earlybird Venture Capital is a leading DACH and pan-European venture capital firm with €2.5 billion of assets under management as of December 2024, headquartered in Berlin with offices in Munich, London and Milan. The firm was founded in 1997 by Hendrik Brandis and Christian Nagel and operates as a partner-owned independent VC restructured in 2024 with the Digital East spin-out. Earlybird has logged 9 IPOs and 33 trade sales across its 25 plus year history, with 13 new portfolio companies added in 2024 (9 Earlybird plus 4 Earlybird Health) and 20 new investments completed in trailing year as of 2026.
Investment thesis
Earlybird deploys capital through multi-strategy fund families spanning Earlybird (formerly Digital West), Earlybird Health, UNI-X (university spin-outs) and Growth Opportunities, targeting Pre-Seed through Series A with ticket sizes up to €12 million and allocation approximately 20% Pre-Seed, 60% Seed, 20% Series A. Sector focus spans enterprise SaaS, fintech, deep tech, health and biotech, climate and AI, with geographic deployment DACH-centric expanding to Central and Eastern Europe (post Digital East spin) and broader pan-European reach. The Day 1 Partner positioning provides hands-on operational support from earliest stages.
Recent activity
Recent realised exits include enterprise SaaS (2025), healthtech (2024) and fintech (2024). Recent investments include 13 new portfolio companies added in 2024 (9 Earlybird plus 4 Earlybird Health) with 20 new investments in the trailing year as of 2026. The platform continues active deployment across multi-strategy fund families. Detailed buyer names and multiple data available on Pro at €29/month.
Portfolio platforms backed by Earlybird Venture Capital made 7 researched add-on acquisitions during its ownership. See the roll-up tracker
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