Fly Ventures closes Fly Ventures Fund III at €v 80 million

Berlin — YPOG provi­ded compre­hen­sive legal advice to Fly Ventures on the closing of its third fund with a volume of €80 million. Exis­ting insti­tu­tio­nal inves­tors as well as nume­rous company foun­ders, who were previously supported by Fly Ventures, parti­ci­pa­ted signi­fi­cantly. Fly Ventures Fund III was set up to be the first check inves­tor to invest in seve­ral signi­fi­cant compa­nies. These include Unicorn Wayve, which recently raised $1.05 billion in a Series C round led by Soft­Bank to revo­lu­tio­nize auto­no­mous driving with self-lear­­ning tech­no­logy. Other recent invest­ments include Lakera, a Zurich-based startup that recently raised $20 million in Series A funding and protects compa­nies from LLM vulnerabi­li­ties, and Orbi­tal Mate­ri­als, a UK-based company deve­lo­ping funda­men­tal models for mate­ri­als science, which announ­ced its $20 million Series A round in Febru­ary. The Euro­pean Invest­ment Fund (EIF) via the ERP-EIF faci­lity and KfW Capi­tal via the ERP-Venture
Capi­tal fund finan­cing are among the inves­tors in Fund III, as they were in the prede­ces­sor fund. YPOG has alre­ady provi­ded legal advice to Fly Ventures on the previous fund gene­ra­ti­ons, most recently in 2020 on Fly Ventures Funds II with a volume of €53 million. About Fly Ventures

Fly Ventures is a leading venture capi­tal inves­tor dedi­ca­ted to back­ing tech compa­nies that solve complex problems. Focu­sed on AI, indus­trial tech­no­lo­gies and deve­lo­ping tools/infrastructure, Fly Ventures works with visio­nary early-stage foun­ders to fuel the next wave of tech­no­lo­gi­cal inno­va­tion. Berlin-based Fly Ventures was foun­ded by Gabriel Matuschka and Fred­rik Bergen­lid and specia­li­zes in early-stage invest­ments in Euro­pean start-ups. Further GPs have joined in the person of Matt Wichrow­ski and Marie Brayer. The focus is on deep tech topics such as auto­ma­tion, machine lear­ning and arti­fi­cial intel­li­gence. https://fly.vc/ Advi­sor Fly Ventures: YPOG

Jens Kretz­schmann, LL.M. (Funds), Part­ner, Berlin
Anto­nia von Treu­en­feld (Funds), Senior Asso­ciate, Berlin
Robert Schramm (Funds), Senior Asso­ciate, Berlin
Johan­nes Gehring, LL.M.

(Funds), Asso­ciate, Berlin
Florian Bacher (Corpo­rate), Asso­ciate, Berlin, Munich About YPOG

YPOG is a specia­list law firm for tax and commer­cial law, active in the core areas of funds, tax, banking
+ finance and tran­sac­tions. The YPOG team advi­ses a wide variety of clients. These include
up-and-coming tech­no­logy compa­nies and family-run medium-sized companies
as well as corpo­rate groups and private equity/venture capi­tal funds. YPOG is one of the leading addres­ses for
venture capi­tal, private equity and fund struc­tu­ring in Germany.