GERMANY – Earlybird invests in smava

Earlybird has led a EUR 4m financing round in German internet company smava. This represents Earlybird’s second investment from the next-generation fund Earlybird IV. Other investors committing to the round are business angels Lukasz Gadowski, Stefan Glänzer, Oliver Jung, Peter Schüpbach and Tim Schwenke. The new capital will be used to expand the product development, risk management and marketing.