Fly Ventures

Fly Ventures is a prominent early-stage venture capital firm based in Berlin, Germany, specializing in providing "first checks" to technical founders tackling complex problems. Established with a clear focus on deep tech and B2B software, the firm targets companies leveraging advancements in areas such as artificial intelligence, developer tools, automation, data infrastructure, and cybersecurity. Their investment philosophy centers on backing strong technical teams with innovative solutions that have the potential for significant market disruption.

The firm typically invests at the Pre-Seed and Seed stages, providing initial checks that range from €500,000 to €2 million. This translates to approximately $540,000 to $2,160,000 USD, depending on the prevailing exchange rates. Fly Ventures is known for its hands-on approach, offering more than just capital by leveraging its operational experience and network to support portfolio companies through critical early growth phases. They emphasize building long-term relationships with founders, providing strategic guidance and access to talent.

Since its inception, Fly Ventures has successfully raised three distinct funds, accumulating substantial capital to deploy into promising startups. Their first fund, launched in 2016, secured €41 million, followed by a €70 million second fund in 2019. Most recently, in October 2022, they announced the closing of their third fund at €100 million, bringing their total assets under management to over €211 million. While primarily focused on the European ecosystem, particularly within Germany, their portfolio includes companies with global ambitions.

Notable investments within the Fly Ventures portfolio include companies like CoachHub, a leading digital coaching platform, and Causal, a powerful modeling and forecasting tool. Their commitment to supporting technical founders is evident in their portfolio, which showcases a diverse range of innovative B2B software solutions. Fly Ventures has solidified its position as a key player in the European early-stage venture landscape, known for its deep technical understanding and founder-centric approach.