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Investor profile

Earlybird Venture Capital

Venture Capital · Founded 1997 · Berlin, Germany

Earlybird is a Venture Capital investor focused on European technology innovations

190 portfolio companies Venture Capital · $5.7B invested · 330 investments · Investor rank #523 · Last investment 7/2026
Portfolio companies 190 ↑ 65% 5y
Decacorns 3
Thoroughbreds 9 ↑ 17% 5y
01 · Biggest holdings

Earlybird Venture Capital’s biggest current holdings.

The most valuable companies Earlybird Venture Capital still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Earlybird Venture Capital directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 N26Unicorn · Fintech · Germany 10.5% $6.0B $630M
  2. 2 Black Forest LabsUnicorn · Media · Germany $3.3B
  3. 3 AivenUnicorn · Security · Finland 10% $3.0B $300M
  4. 4 FortoUnicorn · Transportation · Germany $2.1B
  5. 5 Isar AerospaceUnicorn · Space · Germany 10.5% $1.2B $116M
  6. 6 smavaUnicorn · Fintech · Germany $1.1B
  7. 7 OnefootballUnicorn · Sports · Germany 9% $1.0B $90M
  8. 8 OvivaHealth · Switzerland $937M
  9. 9 McMaklerReal Estate · Germany $440M
  10. 10 InkittMedia · USA $400M

Estimated value = Earlybird Venture Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying cap tables on Dealroom →

02 · Exits

Earlybird Venture Capital’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Earlybird Venture Capital’s transaction record.

Edwards Lifesciences
IPO · 2000
Now $48BHealth
$3.3B IPO · 2021
Now Transportation
$1.8B acquisition · 2020
Entered Series AGaming
$202M IPO · 2014
Now $1.2BReal Estate
03 · Portfolio analysis

Where Earlybird Venture Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 190 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. Germany116
  2. USA37
  3. UK18
  4. Switzerland16
  5. France10
  6. Ireland5
  7. Italy5
  8. Belgium3
  9. Finland3
  10. Spain3
  11. Sweden3
  12. Austria2
By sectorCount
  1. Enterprise Software58
  2. Health52
  3. Fintech34
  4. Marketing15
  5. Transportation14
  6. Energy12
  7. Semiconductors12
  8. Real Estate11
  9. Media10
  10. Home Living8
  11. Food7
  12. Legal7
By stage enteredCount
  1. Series A82
  2. Seed80
  3. Series B+25
By growth stageCount
  1. Early Growth108
  2. Breakout Stage84
  3. Late Growth34
  4. Mature7
04 · Portfolio market map

Inside Earlybird Venture Capital’s portfolio.

The 60 highest-funded portfolio companies, of 190 tracked.

N26
Fintech · Unicorn
$6.0B
Isar Aerospace
Space · Unicorn
$1.2B
Aleph Alpha
Enterprise Software
$500M
Forto
Transportation · Unicorn
$2.1B
Black Forest Labs
Media · Unicorn
$3.3B
Lilium
Transportation
Aiven
Security · Unicorn
$3.0B
Oviva
Health
$937M
Onefootball
Sports · Unicorn
$1.0B
terralayr
Energy
$273M
Upvest
Fintech
$735M
McMakler
Real Estate
$440M
ImCheck Therapeutics
Health
$385M
smava
Fintech · Unicorn
$1.1B
Zonare Medical Systems
Health
$105M
Ottonova
Health
$330M
Microchip Technology
Semiconductors · Decacorn
$51B
Marvel Fusion
Energy
$220M
Oculis
Health
$426M
GreyWolf Therapeutics
Health
$200M
Getsafe
Fintech
$252M
iSTAR Medical
Health
$176M
Hilo by Aktiia
Health
$76M
Inkitt
Media
$400M
Auctionata
Home Living
$185M
QuantumDiamonds
Semiconductors
$66M
Polares Medical
Health
$200M
Noxtua
Legal
$355M
BridgeCo
Semiconductors
$30M
M0
Fintech
$160M
Carto
Enterprise Software
$244M
Movinga
Real Estate
$66M
Miracor Medical Systems
Health
$106M
HAYA Therapeutics
Health
$260M
Sense Biodetection
Health
$250M
Aconex
Real Estate · Unicorn
$1.2B
SimScale
Enterprise Software
$226M
eleQtron
Semiconductors
$251M
Kaptivo
Media
$24M
Arga Medtech
Health
$238M
INNOVO (Atlantic Therapeutics)
Health
$154M
Heidelberg Pharma
Health
$100M
OneShield
Fintech
$200M
WILEX
Health
$199M
Hive
Transportation
$160M
Gourmey
Food
$192M
Tilt
Media
$104M
HiveMQ
Fintech
$176M
Crosslend
Fintech
$154M
Ariceum Therapeutics
Health
$138M
Perfuze
Health
$97M
Photoneo
Robotics
$105M
Shape Memory Medical
Health
$152M
Digital River
Fintech
MAYD Group
Health
$136M
Alantos Pharmaceuticals
Health
$300M
Bitwala
Fintech
$440K
CryoTherapeutics
Health
$68M
Enevo
Food
$48M
Voyfai
Transportation
$110M
05 · Portfolio founders

Where Earlybird Venture Capital’s portfolio founders come from.

166 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. Germany83
  2. United States16
  3. Switzerland15
  4. France12
  5. United Kingdom12
  6. Spain6
  7. Türkiye4
  8. Austria3
  9. Slovakia3
  10. Finland2
UniversityCount
  1. Technical University Munich26
  2. ETH Zurich9
  3. Technical University of Darmstadt6
  4. University of Heidelberg6
  5. Massachusetts Institute of Technology5
  6. Munich Center for Digital Technology and Management5
  7. Georgia Institute of Technology4
  8. Humboldt University of Berlin4
  9. Technical University of Vienna4
  10. University of St.Gallen4
Previous companyCount
  1. McKinsey & Company7
  2. Tissue Engineering and Biofabrication5
  3. IBM4
  4. Technical University Munich4
  5. Alphabet | Google3
  6. Bain & Company3
  7. BMW Group3
  8. French National Centre for Scientific Research - CNRS3
  9. Intel Corporation3
  10. Intel NAND Memory Unit3