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EARLYBIRD VENTURE CAPITAL CLOSES ITS FOURTH FUND AT €150 MILLION ($200 MILLION)


Fund closes above target
Also expanding to later stage venture investments


BERLIN, MUNICH 31 JULY, 2013 - Earlybird Venture Capital announced the 150 million ($200 million) final closing of its fourth early stage fund to continue focusing on disruptive global consumer Internet and enterprise technology companies originating from Europe. This new fund brings the firm's total capital under management to 650 million ($800 million).

The firm's fourth fund was oversubscribed with all key institutional Limited Partners from its previous fund and a small number of new investors being admitted.

In the last 12 months Earlybird has already made 10 investments out of the new fund and expects to continue this pace over the next 1-2 years. By adding growth investments the fund is stage agnostic and has made initial commitments from the seed to Series B stage, with first investments ranging from 300,000 to 10 million.

The active portfolio now spans SaaS companies such as B2X Care, SocialBakers, Traxpay and Wunderlist, market places such as Auctionata, Carpooling.com and Videdressing and consumer web and applications such as The Football App, Versus.IO and EyeEm.

You can find a comprehensive update on the Earlybird portfolio, investment activity and team at: www.earlybirdupdate.com.


ABOUT EARLYBIRD

Established in 1997 Earlybird currently manages over 650 million ($800 million) in assets. We have backed 100 companies, some of which have sparked significant innovations in business and technology and resulted in large scale ($1bn+) IPOs and trade sales. Earlybird backs European companies with global ambitions and our active portfolio currently includes 27 companies across the consumer Internet and enterprise services space.

Further information is available at www.earlybird.com, follow us on Twitter: www.twitter.com/earlybirdvc, or LinkedIn www.linkedin.com/company/earlybird-venture-capital or like us on Facebook: www.facebook.com/EarlybirdVC.


PRESS CONTACT GERMANY
Verena Buerstl / +49 89 29 07 02 12 / press@earlybird.com


PRESS CONTACT EUROPE
Christine Hoefer / +49 30 46 72 470 20 / press@earlybird.com


PRESS CONTACT USA
Nicole de Meo / +1 415 533 25 99 / press@earlybird.com


Publisher Contact Information:

Earlybird
+49 30 46 72 470 20
press@earlybird.com

Company profile of Earlybird
Past press releases of Earlybird.

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