Berlin Is Still Sexy But No Longer Poor ? Earlybird Raises $100M For A $200M Fund

It looks like Berlin, famously described by the city's mayor as "poor but sexy", is now quite a bit less poor in the realm of early stage tech startup financing. Earlybird Venture Capital has announced the $100m first close of its fourth venture fund. The target fund size is $200m. The new fund will be dedicated to early-stage investments in "disruptive global consumer and enterprise Internet and technology businesses originating from Europe, with an emphasis on German-speaking countries." Much of that innovation is coming out of Berlin right now, which has become a hotbed for startups and a talent pool for locals, internationals and the highly-prized engineering talent close by in Eastern and Central Europe.

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