Early Stage: Fly Ventures raises second venture capital fund

Berlin — Fly Ventures was able to raise its second venture capi­tal fund. Like the first gene­ra­tion of funds, Fly Ventures II, with a total volume of 53 million euros, focu­ses its invest­ment on tech­no­logy start­ups. Fly Ventures (photo from left to right: Gabriel Matuschka, Marie Wenne­gren, Felix Wolf, Matt Wichrow­ski, David Mali­gne, Frede­rik Bergen­lid) recei­ved compre­hen­sive legal, regu­la­tory and tax advice on the struc­tu­ring of the fund from a team led by SMP part­ner Jens Kretz­schmann.

“Espe­ci­ally in these chal­len­ging times, it is important to set an exam­ple and signal that topics such as deep tech must conti­nue to be advan­ced despite econo­mic uncer­tain­ties” says Jens Kretzschmann.

About Fly Ventures
Fly Ventures is an early-stage inves­tor based in Berlin. The Berlin-based VC has its invest­ment focus on deep-tech start­ups. The main focus here is on soft­ware compa­nies that use machine lear­ning to drive busi­ness auto­ma­tion. The VC fund was one of the first of a new gene­ra­tion in Europe to specia­lize in one sector rather than being gene­ral or purely local.

Advi­sor Fly Ventures: SMP
Jens Kretz­schmann (lead), Part­ner; Julian Albrecht, Asso­cia­ted Part­ner; David John, Asso­ciate; Michael Blank, Asso­ciate; Florian Wilbrink, Associate.

About SMP
SMP is a specia­list tax and commer­cial law firm opera­ting in the core areas of corpo­rate, funds, liti­ga­tion, tax and tran­sac­tions. SMP attor­neys and tax advi­sors repre­sent a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. Since its foun­da­tion in 2017, SMP has become one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners have been reco­gni­zed natio­nally and inter­na­tio­nally by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. Today, SMP employs over 50 expe­ri­en­ced lawy­ers and tax advi­sors in three offices in Berlin, Hamburg and Cologne.