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Fly Ventures , the Berlin - based VC that clothe in seed - degree European startups within enterprise and cryptical technical school , has launched its third investment company at € 80 million . The firm raised its last € 53 million fundin 2020 .

Founded by Gabriel Matuschka and Fredrik Bergenlid , Fly Ventures invests € 1 million to € 4 million in rounds of € 2 million to € 10 million at the inception stage .

Matuschka tell apart TechCrunch : “ We like doing things that at the time , other people think , what the … material scientific discipline and AI ? ! These days , more people do it , but our game programme is to do these kinds of investiture two or three year before anybody else cares . ”

With Matt Wichrowski , Marie Brayer , Bergenlid , and Matuschka , the firm operate in an adequate - GP exemplar of four partners each distributed across Berlin , London , Paris , and Zurich .

“ I think the Berlin / London thing specifically is also plus Munich , because from Berlin you may extend Munich . And for the more technical stuff , Munich tend to be a bit stronger . But it was always open you had to do Germany and the UK . Then I guess over the last four years or so , Paris , on the more technical side , also really speed , which is the reason why we also bestow Marie , who is based in Paris , ” said Matuschka .

Bergenlid antecedently worked at Google on Google Assistant , and Matuschka previously founded locomotion shopping golf club TripHunter ( assume by brands4friends , now possess by eBay ) .

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AI has so far accounted for about 45 % of Fly ’s investments , with vertical applications and industrial technical school take up 35 % , and dev tools / infrastructure taking up 20 % .

In its portfolio exists clinical trials marketplace Inato , anti - money - laundering startup Salv , and cybersecurity startup GitGuardian .

Another , Wayve , recently raise $ 1.05 billion in a Series C round led by SoftBank to progress self-directed drive with self - learn technology .

It ’s also invested in Lakera , a Zurich - base inauguration that aims to protect enterprises from LLM vulnerabilities , andOrbital Materials , a U.K.-based company developing grounding model for material science .