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The Venture Codex

Fly Ventures

Monbijouplatz 2, Berlin, 10178, Germany

Overview

First check VC for technical founders solving hard problems.

Founded

2016

Deals · 12mo

9

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

France
Germany
United Kingdom
United States

Sector focus

Venture Capital

Investment portfolio

52rounds
NAMEDATESIZE
Tangent Robotics
Sep 2026Led
$5 MSeed
Orbital Materials
May 2026Participated
$50 MSeries B
Cirql One
Apr 2026Participated
$6 MSeed
GitButler
Apr 2026Led
$4 MSeed
GitButler
Apr 2026Participated
$17 MSeries A
xmemory
Mar 2026Led
$4 MSeed
Zymtrace
Mar 2026Participated
$12 MSeed
GitGuardian
Feb 2026Participated
$50 MSeries C
Unikraft
Oct 2025Participated
$6 MOther Equity
remberg
May 2025Participated
$18 MSeries A
Zendo
May 2025Led
$2 MSeed
Elea AI
Mar 2025Led
$5 MSeed
Tangent Robotics
Sep 2026Led
$5 MSeed
Orbital Materials
May 2026Participated
$50 MSeries B
Cirql One
Apr 2026Participated
$6 MSeed
GitButler
Apr 2026Led
$4 MSeed
GitButler
Apr 2026Participated
$17 MSeries A
xmemory
Mar 2026Led
$4 MSeed
Zymtrace
Mar 2026Participated
$12 MSeed
GitGuardian
Feb 2026Participated
$50 MSeries C
Unikraft
Oct 2025Participated
$6 MOther Equity
remberg
May 2025Participated
$18 MSeries A
Zendo
May 2025Led
$2 MSeed
Elea AI
Mar 2025Led
$5 MSeed
52
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Insights

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Deal Distribution

Fly Ventures: 52 funding rounds are recorded in the selected participation categories.All available history.
Fly Ventures: 52 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1410
Series A114
Series B02
Series C+01
Other Equity37

Monthly Deal Activity

Fly Ventures: 52 deals are recorded across 121 months.All available history.
Fly Ventures: 52 deals are recorded across 121 months. All available history
MonthDeals
Oct '162
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '171
Aug '170
Sep '170
Oct '171
Nov '171
Dec '171
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '192
Dec '191
Jan '200
Feb '201
Mar '201
Apr '200
May '200
Jun '201
Jul '200
Aug '202
Sep '200
Oct '200
Nov '201
Dec '200
Jan '210
Feb '211
Mar '210
Apr '210
May '210
Jun '211
Jul '210
Aug '210
Sep '211
Oct '211
Nov '210
Dec '212
Jan '220
Feb '222
Mar '221
Apr '221
May '220
Jun '221
Jul '221
Aug '220
Sep '220
Oct '222
Nov '221
Dec '221
Jan '230
Feb '230
Mar '231
Apr '231
May '230
Jun '231
Jul '231
Aug '231
Sep '230
Oct '231
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '251
Mar '251
Apr '250
May '252
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '260
Feb '261
Mar '262
Apr '263
May '261
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Fly Ventures: AI & Machine Learning is the largest displayed sector by deal count (19 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Fly Ventures: AI & Machine Learning is the largest displayed sector by deal count (19 deals). All available history
SectorDeals
AI & Machine Learning19
Enterprise Software17
Networks, Cloud & Communication9
Fintech8
Data, Analytics & IT7
Hardware & Robotics6
Health & Life Sciences6
Professional Services6
Cybersecurity & Privacy5
Manufacturing5
Developer Tools5
Clean Energy & Sustainability4
Transportation & Logistics4
Government & Defense2
Space & Frontier Tech2
Media & Entertainment2
Food & Agriculture2
Travel & Hospitality1
Education & Workforce1
E-Commerce & Retail1
AR/VR1
Consumer & Lifestyle1
Gaming & eSports1

Deal Size Distribution

Fly Ventures: 52 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Fly Ventures: 52 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M22
$5M-$10M10
$10M-$25M16
$25M-$50M2
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Fly Ventures: Europe has the largest recorded deal count among the displayed regions (44 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Fly Ventures: Europe has the largest recorded deal count among the displayed regions (44 deals). All available history
RegionDeals
Europe44
United States8
Fly Ventures: 20 co-investors are shown, with Speedinvest sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Fly Ventures: 20 co-investors are shown, with Speedinvest sharing 5 recorded deals. All available history
Co-investorShared deals
Speedinvest5
Balderton Capital4
Connect Ventures4
Point Nine Capital4
Seedcamp4
Compound Ventures3
Insight Partners3
Mango Capital3
Redalpine3
A Capital2
Burda Principal Investments2
Crowberry Capital2
Earlybird2
Eurazeo2
First Momentum Ventures2
Inovia Capital2
Kima Ventures2
La Famiglia2
LocalGlobe2
Metavallon VC2

Investment Strategy

Fly Ventures: Led accounts for 35% and participating for 65% of round participation.All available history.
Fly Ventures: Led accounts for 35% and participating for 65% of round participation. All available history
CategoryDeals (count)Share (%)
Led1835%
Participating3465%
Fly Ventures: Single-lead accounts for 39% and co-led for 61% of lead dynamics.All available history.
Fly Ventures: Single-lead accounts for 39% and co-led for 61% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead739%
Co-led1161%

Team

Fredrik Bergenlid

Partner and CTO

Gabriel Matuschka

Partner

Marie Brayer

Partner

Matt Wichrowski

Partner

Steven Tran

Operating Partner