What investment strategy does Fly Ventures focus on?

Fly Ventures focuses on VC strategies in the private equity space.

How many portfolio companies does Fly Ventures have?

Fly Ventures has 11 active portfolio companies and 3 completed exits and 3 funds tracked on GP Intel.

Where is Fly Ventures headquartered?

Fly Ventures is headquartered in Berlin, Germany.

What is Fly Ventures's assets under management?

Fly Ventures manages approximately €173M in assets under management.

When was Fly Ventures founded?

Fly Ventures was founded in 2016.

What sectors does Fly Ventures invest in?

Fly Ventures invests across Software, TMT, Healthcare, Financials.

What are Fly Ventures's recent exits?

Recent realized exits by Fly Ventures include: Fernride (2025) to Quantum Systems; Lakera (2025) to Check Point Software Technologies; Scape Technologies (2020) to Facebook.

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Fly Ventures

Berlin, Germany·Founded 2016·

Venture Capital

·fly.vc

Fly Ventures is a Berlin-based seed-stage venture capital firm founded in 2016 that writes first checks for technical and deep-tech founders across Europe, backing enterprise software, AI, developer tools and applied-science startups. It operates an equal-partner model spread across Berlin, London, Paris and Zurich, and its portfolio includes Wayve, Lakera, GitGuardian, Orbital Materials and 9fin.

AUM

€173M

Funds

vintages 2017–2024

Portfolio

Exits

Fly Ventures is a Berlin venture capital firm with €173M AUM, 11 active companies and 3 exits.

SectorsSoftware TMT Healthcare Financials

Key takeaways

·Average hold across 3 realized deals: 2 years.
·Fund cadence: ~4Y between vintages · last raise 2024.

Sector breakdown

14 companies

SaaS

3 · 21%

Mobility

2 · 14%

Cybersecurity

2 · 14%

Deep Tech

2 · 14%

Fintech

2 · 14%

Software

1 · 7%

DevTools

1 · 7%

Biotech

1 · 7%

Geography breakdown

5 geographies

5 · 36%

Germany

4 · 29%

Switzerland

2 · 14%

France

2 · 14%

Estonia

1 · 7%

Key facts

HQBerlin, Germany

Founded2016

Employees10+

Websitefly.vc

Recent exits

Fly Ventures sold Fernride to Quantum Systems in 2025 after 4 years.

Fly Ventures sold Lakera to Check Point Software Technologies in 2025 after 2 years.

Fly Ventures sold Scape Technologies to Facebook in 2020 after 1 year.

Coverage notes

3 funds tracked, 14 portfolio companies (11 active · 3 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

3 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Fly Ventures Fund III

VC2024€80M2 assets

2024 · 2yr

€80M

–

Unrealized

2 held

Company	Entry
Cirql One SaaS · Germany	2026
zymtrace Software · Germany	2026

Fly Ventures Fund II

VC2020€53M3 assets2 exits

2020 · 6yr

€53M

Unrealized

3 held

Company	Entry
GitButler DevTools · UK	2023
Orbital Materials Deep Tech · UK	2022
remberg SaaS · Germany	2020

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Fernride Mobility · Germany	2021	2025	Trade Sale	Quantum Systems	–
Lakera Cybersecurity · Switzerland	2023	2025	Trade Sale	Check Point Software Technologies	–

Fly Ventures Fund I

VC2017€35M6 assets1 exits

2017 · 9yr

€35M

Unrealized

6 held

Company	Entry
9fin Fintech · UK	2019
GenLots SaaS · Switzerland	2019
GitGuardian Cybersecurity · France	2018
Inato Biotech · France	2017
Salv Fintech · Estonia	2019
Wayve Mobility · UK	2018

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Scape Technologies Deep Tech · UK	2019	2020	Trade Sale	Facebook	–

Frequently asked questions

What investment strategy does Fly Ventures focus on?: Fly Ventures focuses on VC strategies in the private equity space.
How many portfolio companies does Fly Ventures have?: Fly Ventures has 11 active portfolio companies and 3 completed exits and 3 funds tracked on GP Intel.
Where is Fly Ventures headquartered?: Fly Ventures is headquartered in Berlin, Germany.
What is Fly Ventures's assets under management?: Fly Ventures manages approximately €173M in assets under management.
When was Fly Ventures founded?: Fly Ventures was founded in 2016.
What sectors does Fly Ventures invest in?: Fly Ventures invests across Software, TMT, Healthcare, Financials.
What are Fly Ventures's recent exits?: Recent realized exits by Fly Ventures include: Fernride (2025) to Quantum Systems; Lakera (2025) to Check Point Software Technologies; Scape Technologies (2020) to Facebook.