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Fly Ventures

Founders Fredrik Bergenlid Gabriel Matuschka Stephan Seyboth

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 78
Average round size
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The average size of a deal this fund participated in
$6M
Portfolio companies 45
Rounds per year 9.75
Lead investments 14
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.42
Exits 2
Key employees 8
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Artificial Intelligence
  • Financial Services
  • Machine Learning
  • FinTech
Summary

Fly Ventures appeared to be the VC, which was created in 2016. The main department of described VC is located in the Berlin. The fund was located in Europe if to be more exact in Germany.

The common things for fund are deals in the range of 1 - 5 millions dollars. This Fly Ventures works on 25 percentage points less the average amount of lead investments comparing to the other organizations. Speaking about the real fund results, this VC is 17 percentage points more often commits exit comparing to other organizations. The fund is constantly included in 7-12 investment rounds annually. The important activity for fund was in 2017.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Fly Ventures, startups are often financed by Point Nine Capital, La Famiglia, Kima Ventures. The meaningful sponsors for the fund in investment in the same round are Point Nine Capital, Kima Ventures, The Family. In the next rounds fund is usually obtained by Point Nine Capital, Speedinvest, Redalpine Venture Partners.

The fund was created by Gabriel Matuschka, Stephan Seyboth. Besides them, we counted 8 critical employees of this fund in our database.

Besides, a startup requires to be at the age of 1 and less years to receive the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Germany. The fund has no exact preference in some founders of portfolio startups. When startup sums 1 or 5+ of the founder, the probability for it to get the investment is little. Among the most popular portfolio startups of the fund, we may highlight Pyka, Side, Scape Technologies. Among the most successful fund investment fields, there are Artificial Intelligence, Internet.

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These funds often invest in the rounds preceeding the rounds of Fly Ventures:
Typical Co-investors
Fly Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Fly Ventures:

Funds with similar focus

Funds from Germany
Funds with similar focus located in Germany:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Orbital Materials

Advanced Materials
$16M21 Feb 2024 London, England, United Kingdom

Lakera AI

Artificial Intelligence
Machine Learning
Software
$10M12 Oct 2023 Zürich, Zurich, Switzerland

FERNRIDE

Autonomous Vehicles
Electric Vehicle
Logistics
Software
Transportation
$19M20 Sep 2023 Munich, Bayern, Germany

Martian Lawyers Club

Artificial Intelligence
Gaming
$2M31 Aug 2023 Bristol, South West, United Kingdom

FERNRIDE

Autonomous Vehicles
Electric Vehicle
Logistics
Software
Transportation
$34M13 Jun 2023 Munich, Bayern, Germany

Pear Bio

Biotechnology
Health Care
Medical
$14M15 May 2023 London, England, United Kingdom

Thynk.Cloud

CRM
Enterprise Resource Planning (ERP)
Enterprise Software
Event Management
Hospitality
Information Technology
Software
$13M13 Apr 2023 Brussels, Brussels Hoofdstedelijk Gewest, Belgium

Unikraft

Cloud Computing
Virtualization
23 Mar 2023 Heidelberg, Baden-Wurttemberg, Germany

Cordless

Customer Service
Information Technology
Software
$2M27 Feb 2023 London, England, United Kingdom
News
Ophelos Raises $2.3M in Funding

– Ophelos from London UK-based debt management platform company.
– The round was led by Connect Ventures and Fly Ventures.
– The company intends to use the funds to continue development on its platform and scale the engineering and customer operations teams.

Better Origin, which turns flies into food for chickens, raises $3M from… Fly Ventures

– Better Origin, a startup that converts waste food into essential nutrients using insects fed to chickens inside a standard shipping container, raised $3m funding.
– The round was led by Fly Ventures and solar entrepreneur Nick Boyle, while previous investor Metavallon VC is also participating.
– Its competitors include Protix, Agriprotein, InnovaFeed, Enterra and Entocycle.
– The company’s product is an “autonomous insect mini-farm”.
– It is dropped on site. A farmer adds food waste — gathered from nearby factories or from the farm — into a hopper to feed the larvae of black soldier flies.
– Two weeks later, the insects are fed directly to the chickens as an alternative to the soy feed they normally get.

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Total investments 78
Average round size 6M
Rounds per year 9.75
Peak activity year 2020
Lead investments 14
Follow on index 0.42
Exits 2
Group Appearance index 0.86

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Orbital Materials

Advanced Materials
$16M21 Feb 2024 London, England, United Kingdom

Lakera AI

Artificial Intelligence
Machine Learning
Software
$10M12 Oct 2023 Zürich, Zurich, Switzerland

FERNRIDE

Autonomous Vehicles
Electric Vehicle
Logistics
Software
Transportation
$19M20 Sep 2023 Munich, Bayern, Germany

Martian Lawyers Club

Artificial Intelligence
Gaming
$2M31 Aug 2023 Bristol, South West, United Kingdom

FERNRIDE

Autonomous Vehicles
Electric Vehicle
Logistics
Software
Transportation
$34M13 Jun 2023 Munich, Bayern, Germany

Pear Bio

Biotechnology
Health Care
Medical
$14M15 May 2023 London, England, United Kingdom

Thynk.Cloud

CRM
Enterprise Resource Planning (ERP)
Enterprise Software
Event Management
Hospitality
Information Technology
Software
$13M13 Apr 2023 Brussels, Brussels Hoofdstedelijk Gewest, Belgium

Unikraft

Cloud Computing
Virtualization
23 Mar 2023 Heidelberg, Baden-Wurttemberg, Germany

Cordless

Customer Service
Information Technology
Software
$2M27 Feb 2023 London, England, United Kingdom
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