Earlybird has completed a final closing of its new fund Earlybird IV, with investors from Germany, the US, Asia and the Middle East committing €127 million (£101 million) towards the early-stage financing of newly formed companies.

Earlybird has completed a final closing of its new fund Earlybird IV, with investors from Germany, the US, Asia and the Middle East committing €127 million (£101 million) towards the early-stage financing of newly formed companies.

Companies attracted to the Earlybird IV fund, such as Osaka Gas, Procific and the European Investment Fund (EIF), as well as German investors, such as VCM and the KfW, will invest in fast growing companies in major international markets, focusing on the software, semiconductor, information and communication technology, internet-based services, cleantech and medtech sectors.

Earlybird IV has already invested in the following companies: Clean Mobile (Germany), Light Blue Optics (UK), Miracor (Austria), Purple Labs (France), Sidec (Sweden), Smava (Germany) und Smoodoos (Germany).