Berlin – SMP advised the Berlin based venture capital firm Fly Ventures on the formation of its first fund. The Fund raised in total EUR 35 million from national and international investors. Lead investor is the European Investment Fund.
The venture capital firm Fly Ventures was founded in 2016 by Gabriel Matuschka and Stephan Seyboth and focuses on early stage investments in the tech sector. Amongst its first investments are the participations in the Berlin based FinTech Finiata and in the bookkeeping tool developer Candis.
Investments in innovative ideas in the tech sector remains the focus of Fly's investments. The raised funds will be used to further strengthen, in particular, the AI investment sector.