EARLYBIRD co-invests in USD 470 million N26 funding round.
Munich / Berlin — Growth capital provider Earlybird has participated in the Series D financing round of Berlin-based FinTech company N26 GmbH with a total volume of USD 470 million. P+P Pöllath + Partners advised Earlybird on the establishment and fundraising of a special fund to participate in this financing round.
Earlybird is a venture capitalist with an investment focus on European technology companies. With a volume of more than EUR 1 billion in capital commitments across all fund generations and 21 years of venture capital experience, Earlybird is one of the most successful and experienced VC investors in Europe. Earlybird has been actively supporting N26 as an investor since the seed financing round in 2014.
N26 is a direct bank specializing in smartphone account management. The FinTech Unicorn is currently considered the most valuable German FinTech company.
P+P Pöllath + Partners provided comprehensive advice to the fund manager, Earlybird VC Management GmbH & Co. KG, with the following cross-location private funds team:
Dr. Andreas Rodin (Partner, Private Funds/Tax Law, Frankfurt am Main)
Jan Philipp Neidel, LL.M. (UCONN) (Associate, Private Funds/Tax Law/Venture Capital, Berlin); Simon Schachinger (Associate, Private Funds/Tax Law/Venture Capital, Berlin)