# Fly Ventures: portfolio, investments and team

> Fly Ventures is a vc firm based in Germany. 80 investments on record, 13 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/fly-ventures (Millionrounds; every figure on the page links to its filing or article)

Germany · [Investor](https://millionrounds.com/investors)

# Fly Ventures

Last cheque observed Oct 2026; 80 cheques on record.

Email

Deploying now New fund $90M, Dec 2024 VC firm

Pre-seed Seed Series A Deep Tech Enterprise AI

Follow Fly Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffly-ventures)

Deploying now

**62%** of best year **13** **cheques in 12 months**, 80 on record

Since the last cheque **30** days **00** hrs **00** min **00** sec

Median round **$5.0M** Rounds led **3 of 80** Sole investor **11 rounds** Mostly in **Germany, 25%**

Pitch Fly Ventures

## Fly Ventures highlights

- 01 13 cheques in the last 12 months
- 02 Mostly Seed and Venture: 63% of its rounds
- 03 Sole investor in 11 rounds, median $2.3M

## What they do

> First check VC for technical founders across Europe From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** From $500K as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Deep Tech Enterprise AI
- **Based in:** Berlin, Germany
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **80 appearances**

- **2026** 12 rounds
- **Oct** **[Tangent Robotics](https://millionrounds.com/company/tangent-robotics)** Pre-seed · US · AlleyWatch **$4.5M** *Led*
- **Jun** **[Reactional Music](https://millionrounds.com/company/reactional-music)** Seed · SE **$7.4M** With 4 others
- **May** **[Orbital Industries](https://millionrounds.com/company/orbital-industries)** Series B · GB · Ventureburn **$50M** With 7 others
- **May** **[CodeWords](https://millionrounds.com/company/codewords)** Seed · GB **$9.0M** With 2 others
- **Apr** **[GitButler](https://millionrounds.com/company/gitbutler)** Series A · DE **$17M** With 1 other
- **Apr** **[Cirql One](https://millionrounds.com/company/cirql-one)** Seed · DE **$5.8M** With 1 other
- **Mar** **[9fin](https://millionrounds.com/company/9fin)** Series C · GB · TechStartups **$170M** With 8 others
- **Mar** **[Polar Light Technologies](https://millionrounds.com/company/polar-light-technologies)** Venture · SE **Undisclosed** With 2 others
- **Mar** **[zymtrace](https://millionrounds.com/company/zymtrace)** Seed · US **$8.5M** With 3 others
- **Mar** **[xmemory](https://millionrounds.com/company/xmemory)** Pre-seed · GB **$4.0M** With 1 other
- **Feb** **[GitGuardian](https://millionrounds.com/company/gitguardian)** Series C · FR · TechStartups **$50M** With 7 others
- **Feb** **[Zenniz](https://millionrounds.com/company/zenniz)** Venture · FI **$6.0M** With 2 others
- **2025** 19 rounds
- **Nov** **[DREV](https://millionrounds.com/company/drev)** Seed · SE **$3.2M** With 2 others
- **Oct** **[Semalytix](https://millionrounds.com/company/semalytix)** Venture · DE **$6.6M** With 1 other
- **Oct** **[Unikraft](https://millionrounds.com/company/unikraft)** Seed · DE **$6.0M** With 4 others
- **Oct** **[SpinDrive](https://millionrounds.com/company/spindrive)** Venture · FI **Undisclosed** With 3 others
- **Sept** **[Insify](https://millionrounds.com/company/insify)** Series B · NL **$19M** With 3 others
- **Sept** **[FERNRIDE](https://millionrounds.com/company/fernride)** Series A · DE **$21M** With 5 others
- **Jul** **[Brightplus Oy](https://millionrounds.com/company/brightplus-oy)** Venture · FI **$2.3M** Sole investor
- **Jun** **[Metaview](https://millionrounds.com/company/metaview)** Series B · GB **$35M** With 3 others
- **Jun** **[Embedl AB](https://millionrounds.com/company/embedl-ab)** Seed · SE **$6.3M** With 4 others
- **Jun** **[Geyser Batteries](https://millionrounds.com/company/geyser-batteries)** Venture · FI **Undisclosed** With 3 others
- **May** **[Zendo Energy](https://millionrounds.com/company/zendo-energy)** Pre-seed · GB · TechStartups **$2.3M** *Led*
- **May** **[Surgify](https://millionrounds.com/company/surgify)** Series A · FI **$7.9M** With 2 others
- **May** **[remberg](https://millionrounds.com/company/remberg)** Series A · DE **$17M** With 3 others
- **Apr** **[Cakewalk](https://millionrounds.com/company/cakewalk)** Seed · DE **$7.5M** With 4 others
- **Mar** **[Elea](https://millionrounds.com/company/elea)** Seed · DE **$9.0M** With 1 other
- **Mar** **[Elea](https://millionrounds.com/company/elea)** Seed · DE **$4.4M** With 1 other
- **Feb** **[Neuralk-AI](https://millionrounds.com/company/neuralk-ai)** Pre-seed · FR **$4.0M** With 1 other
- **Feb** **[Axiom](https://millionrounds.com/company/axiom)** Venture · US **$15M** With 4 others
- **Jan** **[Fusebox Energy](https://millionrounds.com/company/fusebox-energy)** Venture · EE **$2.7M** Sole investor
- **2024** 10 rounds
- **Dec** **[carbmee](https://millionrounds.com/company/carbmee)** Series B · DE · Silicon Canals **$21M** With 1 other
- **Dec** **[9fin](https://millionrounds.com/company/9fin)** Series B · GB **$50M** With 4 others
- **Nov** **[Happy Plant Protein](https://millionrounds.com/company/happy-plant-protein)** Pre-seed · FI **$1.9M** With 1 other
- **Sept** **[Pyka](https://millionrounds.com/company/pyka)** Series B · US **$40M** With 6 others
- **Jul** **[Lakera](https://millionrounds.com/company/lakera)** Series A · US **$20M** With 4 others
- **Jul** **[Hypertype](https://millionrounds.com/company/hypertype)** Seed · SE **$666K** With 4 others
- **Jun** **[Flow Computing](https://millionrounds.com/company/flow-computing)** Pre-seed · FI **$4.3M** With 2 others
- **Jun** **[Atium](https://millionrounds.com/company/atium)** Seed · SE **$640K** With 1 other
- **Apr** **[10Lines](https://millionrounds.com/company/10lines)** Seed · EE · Tera Ventures **$1.6M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **9** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**4** of 7 we have independently watched raise

[9fin](https://millionrounds.com/company/9fin)[GitButler](https://millionrounds.com/company/gitbutler)[Lakera](https://millionrounds.com/company/lakera)[Wayve](https://millionrounds.com/company/wayve) Gandalf Orbital company.title

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$90M**

raised in Dec 2024

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$5.0M** the round, not its cheque Alone, median **$2.3M**

Led 3 of 80 rounds **4%**

- **Said size:** From $500K
- **Sole investor:** 11 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed said *29*
- Venture *21*
- Series A said *13*
- Pre-seed said *7*
- Series B said *6*
- Series C *3*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Seedcamp](https://millionrounds.com/fund/seedcamp) 8
- [Almi Invest](https://millionrounds.com/fund/almi-invest) 5
- [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) 5
- [Business Finland](https://millionrounds.com/fund/business-finland) 4
- [Passion Capital](https://millionrounds.com/fund/passion-capital) 4
- [Speedinvest](https://millionrounds.com/fund/speedinvest) 4

**Pitching Fly Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Fly Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Seedcamp** VC firm **8** rounds together](https://millionrounds.com/fund/seedcamp)[**Almi Invest** VC firm **5** rounds together](https://millionrounds.com/fund/almi-invest)[**EIC Accelerator** Government **5** rounds together](https://millionrounds.com/fund/eic-accelerator)[**Business Finland** Accelerator **4** rounds together](https://millionrounds.com/fund/business-finland)[**Passion Capital** VC firm **4** rounds together](https://millionrounds.com/fund/passion-capital)[**Speedinvest** VC firm **4** rounds together](https://millionrounds.com/fund/speedinvest)[**Balderton Capital** VC firm **3** rounds together](https://millionrounds.com/fund/balderton-capital)[**Chalmers Ventures AB** VC firm **3** rounds together](https://millionrounds.com/fund/chalmers-ventures-ab)[**Compound** VC firm **3** rounds together](https://millionrounds.com/fund/compound-4)[**Go Capital** VC firm **3** rounds together](https://millionrounds.com/fund/go-capital)[**Mango Capital** VC firm **3** rounds together](https://millionrounds.com/fund/mango-capital)[**Techstars** VC firm **3** rounds together](https://millionrounds.com/fund/techstars)

## Recently backed

The latest companies Fly Ventures put money into.

[**Reactional Music** $7.4M · Jun 2026](https://millionrounds.com/company/reactional-music)[**Orbital Industries** $50M · May 2026](https://millionrounds.com/company/orbital-industries)[**CodeWords** $9.0M · May 2026](https://millionrounds.com/company/codewords)[**GitButler** $17M · Apr 2026](https://millionrounds.com/company/gitbutler)[**Cirql One** $5.8M · Apr 2026](https://millionrounds.com/company/cirql-one)[**9fin** $170M · Mar 2026](https://millionrounds.com/company/9fin)

## Quick answers about Fly Ventures

### What does Fly Ventures invest in?

Fly Ventures invests most often at Seed and Venture (63% of the rounds on record), in sectors such as Deep Tech, Enterprise and AI.

### How active is Fly Ventures?

80 investments on record, 13 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

### What has Fly Ventures invested in recently?

Its most recent investments on record: Tangent Robotics (Pre-seed, Oct 2026), Reactional Music (Seed, Jun 2026) and Orbital Industries (Series B, May 2026).

### How big are Fly Ventures's cheques?

The median round it joins is $5.0M.

### Does Fly Ventures lead rounds?

Sometimes: it led 3 of its 80 investments on record (4%).

### Where does Fly Ventures invest?

Most of the companies it backs are in Germany (25%), the United Kingdom (18%) and Finland (18%).

### Is Fly Ventures investing now?

Yes: it is actively investing, with 13 investments in the last 12 months.

### Who does Fly Ventures invest alongside?

Most often Seedcamp (8 rounds together), Almi Invest (5 rounds together) and EIC Accelerator (5 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=fly-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=fly-ventures)