Earlybird Venture Capital
Also known as Earlybird, Earlybird GmbH & Co. KG, Earlybird DWES Management GmbH & Co. KG, Earlybird Growth Management GmbH & Co. KG, Earlybird VC Management GmbH & Co. KG, Earlybird Venture Capital GmbH & Co. KG, Earlybird-X
Berlin VC founded 1997 with €2.5bn under management; pre-seed to Series A in European AI, software infrastructure and deep tech, tickets up to €12m; closed €360m Fund VIII in 2026.
Berlin-based European VC founded 1997; not to be confused with Earlybird Health, the separately branded health fund, or with unrelated 'Early Bird' firms. E2D is a separate growth fund advised jointly with AVP.
- HEADQUARTERS
- Berlin, Germany
- FOUNDED
- 1997
- AUM
- €2.5B (2026)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 14 people
FOCUS
- STAGES
- Pre-SeedSeedSeries AGrowth
- ASSET MIX
- Venture capital
- GEOGRAPHY
- Europe
WHAT IT IS
VC Fund. A fund manager investing capital raised from limited partners into startups.
- Separately branded health-focused fund stream of the Earlybird group.
- Fund stream investing in Central and Eastern Europe and Turkey (e.g. UiPath, Peak Games).
- Growth fund stream (Earlybird Growth Opps V); Earlybird Growth Management GmbH & Co. KG is one of the group's ManCos listed in the SFDR disclosures.
- VC incubator and impact fund for pre-seed startups founded by entrepreneurs with a migration background.
- €500m European dual-use and defence growth fund launched with AVP in June 2026; Earlybird and AVP act as advisors; Airbus Defence and Space anchor LP, first investment Alta Ares (July 2026).
ABOUT
Earlybird is a European venture capital investor founded in 1997 and headquartered in Berlin, with offices in Munich, London and Milan. It reports €2.5bn of assets under management, initial tickets up to €12m and a stage mix of roughly 20% pre-seed, 60% seed and 20% Series A, investing in AI applications, software infrastructure and foundation models, and deep tech. Its funds are run by several German management companies registered under the KAGB and/or the EuVECA Regulation, and Earlybird GmbH & Co. KG holds a full BaFin licence (noted in its SFDR disclosures revised 1 July 2025). In April 2026 it closed its oversubscribed €360m early-stage Fund VIII, the largest in its history; past investments include N26, UiPath, Snyk, Aleph Alpha, Black Forest Labs and Isar Aerospace.
INVESTMENT THESIS
Backs European founders from Day One, often before a category is widely understood, across AI applications, software infrastructure and foundation models, and deep tech; mostly seed, with pre-seed and Series A, and follow-on support including a growth-opportunity fund stream.
PORTFOLIO (120)
- 6 Wunderkinder GmbHNOTABLESoftware & SaaS · since 2012 · Exited
- AivenNOTABLESoftware & SaaS · since 2019
- Aleph AlphaNOTABLEArtificial Intelligence · since 2021
- Black Forest LabsNOTABLEArtificial Intelligence · since 2024
- InterhypNOTABLEFintech · since 1999
- Isar AerospaceNOTABLESpace · since 2019
- Marvel FusionNOTABLEClimate & Energy · since 2022
- N26NOTABLEFintech · since 2014
- NFON AGNOTABLEsince 2010
- Peak GamesNOTABLEMedia & Entertainment · since 2011
- SennderNOTABLEMobility & Logistics · since 2017
- SnykNOTABLESoftware & SaaS · since 2020
- SocialbakersNOTABLEsince 2011
- Tipp24 AGNOTABLEsince 1999
- UiPathNOTABLESoftware & SaaS · since 2015
- UpvestNOTABLEFintech · since 2020
- abaXX Technology AGSoftware & SaaS · since 1999 · Exited
- AiperiaSoftware & SaaS · since 2022
- AragoDeep Tech · since 2025
- Aris MachinaSoftware & SaaS · since 2025
- AvreaArtificial Intelligence · since 2025
- B2X GmbHSoftware & SaaS · since 2012
- BayshoreSoftware & SaaS · since 2026
- BigChainDBArtificial Intelligence · since 2015
- BrandbackSoftware & SaaS · since 2025
- BridgeCoSoftware & SaaS · since 2000 · Exited
- BriefcaseSoftware & SaaS · since 2024
- Carpooling.comSoftware & SaaS · since 2009 · Exited
- CartoDB IncArtificial Intelligence · since 2014
- Ceartas DMCA LtdSoftware & SaaS · since 2024
- CelusSoftware & SaaS · since 2022
- Certivitysince 2022
- Colibrisince 2022
- conjectAGsince 2000
- ConxAIsince 2021
- CrossEngagesince 2018
- CrossLend GmbH (The Thing GMBH)since 2018
- Ctrlsince 2023
- dcs travel technologiessince 2014
- DeepCodeArtificial Intelligence · since 2019 · Exited
- dooyoo.de AGsince 1999
- Edyoucatedsince 2021
- element 5 AGsince 1999
- eleQtronDeep Tech · since 2021
- Korialsince 2021
- Ethon AIsince 2023
- eyvasince 2024
- finmidFintech · since 2021
- fintechOSFintech · since 2019
- FiteTVsince 2014
- Flankssince 2023
- Freeversesince 2020
- GetsafeFintech · since 2019
- Deedsince 2021
- Goodlegalsince 2022
- GreenlyteClimate & Energy · since 2023
- Hakunasince 2022
- HiveMQsince 2021
- Hive Technologiessince 2021
- Identify Software Ltd.since 2001
- Inkitt GmbHsince 2015
- Involve SpaceSpace · since 2024
- Junto Education GmbHsince 2022
- Keelsince 2024
- Kiwilogic.com AGsince 1999
- Koppla GmbHsince 2021
- Lexoo Ltd.since 2018
- Liquid M, Inc.since 2013
- M0since 2022
- Matchorysince 2022
- minitsince 2017
- Mona AIsince 2024
- Mostly AIsince 2020
- Myriad AGsince 2001
- NcodiNsince 2024
- Neotastesince 2024
- NeuracoreArtificial Intelligence · since 2025
- Nortechsince 2023
- Nosh.biosince 2023
- Obligate (ex FQX)since 2021
- OneFootballMedia & Entertainment · since 2013
- OneShieldsince 1999
- ORissince 2026
- OttonovaHealthTech · since 2021
- PARIMAsince 2021
- peopleIXsince 2025
- PhotoneoDeep Tech · since 2018
- Pillarsince 2026
- Pointeesince 2022
- Porterssince 2025
- QuantumDiamondsDeep Tech · since 2023
- RapidMinersince 2013
- Recursivesince 2026
- remberg GmbHsince 2022
- Riiicosince 2022
- Ripesince 2022
- RiviaHealthTech · since 2025
- Scoreloop AGsince 2009
- Service Partner One GmbHsince 2011
- Sessionssince 2022
- ShapeShiftsince 2017
- Sikoia
- Simrsince 2017
- Simscalesince 2014
- SintraArtificial Intelligence · since 2025
- SLNGsince 2025
- smavaFintech · since 2007
- spAitial AiArtificial Intelligence · since 2025
- Tasty Urbansince 2023
- Terralayr AGsince 2023
- The Interaction Company of Californiasince 2025
- ThingsThinkingsince 2021
- TILTsince 2022
- TopKsince 2025
- Ubitricity GmbHClimate & Energy · since 2010
- urbia.comsince 1999
- videdressingsince 2013
- Wallet Studiosince 2024
- Workist GmbHsince 2022
- Xayn AGsince 2018
TEAM
- Dr. Christian NagelCo-Founder and General Partner; managing director (Impressum) · source
- Dr. Hendrik BrandisCo-Founder and General Partner; managing director (Impressum) · source
- Dr. Andre RetterathGeneral Partner; managing director (Impressum) · source
- Paul KlemmGeneral Partner; managing director (Impressum) · source
- Tim RehderGeneral Partner; managing director (Impressum) · source
- Johannes ZieglerManaging director of Earlybird GmbH (Impressum) · source
- Jochen KüstManaging director of Earlybird GmbH (Impressum) · source
- Akash BajwaPrincipal · source
- Laura WaldenstromPrincipal · source
- Dr. Moritz BellingPrincipal · source
- Nina MayerPrincipal · source
- Alina BassiPrincipal · source
- Hemini MistryPrincipal, Investor Relations (joined August 2026) · source
- Roland MangerCo-Founder · source
LINKS
FAQ
Earlybird Venture Capital is a VC fund based in Berlin, Germany, founded in 1997.
Yes. Earlybird Venture Capital invests directly in private companies.
Earlybird Venture Capital invests at Pre-Seed, Seed, Series A and Growth stages in Artificial Intelligence, Software & SaaS, Deep Tech, Fintech, Space and Climate & Energy.
Earlybird Venture Capital's stated ticket size is Up to €12M.
Key people at Earlybird Venture Capital include Dr. Christian Nagel (Co-Founder and General Partner; managing director (Impressum)), Dr. Hendrik Brandis (Co-Founder and General Partner; managing director (Impressum)), Dr. Andre Retterath (General Partner; managing director (Impressum)) and Paul Klemm (General Partner; managing director (Impressum)).
Earlybird Venture Capital's investments include 6 Wunderkinder GmbH, Aiven, Aleph Alpha, Black Forest Labs, Interhyp, Isar Aerospace, Marvel Fusion and N26, among others.
The most recent publicly reported investment by Earlybird Venture Capital is ORiS (New investment announced ('Why we're backing ORiS'); round size not disclosed), announced in Jul 2026.
Earlybird Venture Capital states that it accepts submissions through its official contact page.
Yes. Earlybird Venture Capital manages capital from outside investors.