Earlybird closes sixth early stage fund with 175 million euros
Munich/ Berlin — Venture capitalist Earlybird Venture Capital has reached a record hard cap of EUR 175 million with the final closing of Earlybird Digital West Early Stage Fund VI. P+P advised Earlybird’s management on the transaction.
Earlybird is one of the largest German venture capitalists and specializes in technology companies in Europe. Earlybird has so far launched five early stage funds with a focus on Western Europe, one fund for medical technology and one for fund investments in Eastern Europe.
The new sixth fund is designed to invest primarily in disruptive digital business models and has already made 13 investments in European digital companies. In total, the fund is expected to make 20 to 25 investments in young high-growth companies (“start-ups”).
Advisors to Ealybird: P+P Pöllath + Partners
P+P Pöllath + Partners comprehensively advised the manager of Earlybird Digital West Early Stage Fund VI, Earlybird DWES Management GmbH & Co. KG, on all contractual, tax and regulatory aspects of the fund structuring and launch as well as the distribution with the following cross-location private funds team:
Dr. Andreas Rodin (Partner, Private Funds, Tax Law, Frankfurt am Main)
Joel El-Qalqili, LL.M. (Fletcher) (Senior Associate, Private Funds, Venture Capital, Berlin)
Jan Philipp Neidel, LL.M. (UCONN) (Associate, Private Funds, Tax Law, Venture Capital, Berlin)