
Earlybird heads for Growth Opportunities final close
Earlybird Venture Capital is heading for a final close for its Growth Opportunities fund; the European venture capital investor is also on the road for its second Health fund and its latest Digital West vehicle.
Growth Opportunities Fund IV is expected to hold a final close on its hard-cap soon, the firm told Unquote. The fund was registered in September 2020 and is domiciled in Germany. The Growth Opportunities strategy will make later-stage follow-on investments in Earlybird's existing portfolio companies across its Digital West, Digital East and Health funds.
Earlybird Health II was registered in August 2020 and is expected to follow the strategy of the firm's first health-focused fund, focusing on investments in early-stage and later-stage digital health, medical devices diagnostics companies. The GP's first health fund held a final close in August 2018 on €85m and its investments include Switzerland-based diabetes management platform Oviva, as well as Belgium-based ophthalmic implant producer iStar Medical.
Earlybird's latest Digital West fund will also pursue the same strategy as its predecessor, targeting early-stage digital technology businesses based in western Europe. The fund's predecessor held a final close in July 2018 on €175m, surpassing its target of €150m. The strategy aims to support companies with their global expansion.
Earlybird also manages a Digital East strategy, through which it invests in startups based in CEE (excluding Russia) and Turkey. Its second fund in the strategy held a final close in February 2021 on €200m, surpassing its target of €150m.
Across its strategies, Earlybird makes investments of €500,000-10m. The firm was founded in 1997 has offices in Berlin and Munich.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater