Earlybird VC has closed its eighth early-stage tech fund at €360m (£312m), marking the largest raise in the firm’s history.
The Berlin-based VC, which has a central London office, has long invested in promising UK startups including Tilt, Payable and Cerbos.
Fund VIII includes support from large institutions and family offices as part of the LP base. From the new tech fund, Earlybird has already backed promising companies such as Black Forest Labs, SpAItial AI, Sintra AI, Arago, Porters and Rivia.
The VC has raised a new fund every three to four years, and total assets under management stand at €2.5bn (£2.16bn) across technology investment strategies. This includes Earlybird Health and other growth opportunity vehicles.
The pan-European VC recently implemented a perpetual active ownership model, meaning only active partners will own Earlybird.
“In Fund VIII, we’re building on decades of experience and an AI-native team with boots on the ground across Europe’s major hubs,” says Dr Andre Retterath, partner at Earlybird VC.
“The majority of our LPs have backed us across several fund generations, and with our perpetual ownership model in place, it’s our mission to keep evolving without losing sight of the principles that have brought us to where we are today.”
Earlybird says Europe is entering a new chapter, with AI ‘accelerating the transformation of entire industries’. It says the companies and technologies that will shape the future are already being built, driven by the depth of talent across the continent.
