Fund profile / Germany

Fly Ventures III.

Geography: Germany
Stage: Pre-Seed
Fund size: €80M
Focus: AI/ML
Signals: Published

N°01 / About

About Fly Ventures III.

Fly Ventures III. is a venture capital firm based in Germany, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionGermany

Funding StagePre-Seed

Industry Focus

AI/ML

Investor Signals Profile

active

Sweet Spot

Technical European founder at zero-to-one stage

first check

technical founders

Europe

pre-seed/seed

deep tech

Bullish Signals

$3B+ follow-on raised by portfolioexternal

60%+ portfolio raise US/tier-1 follow-onexternal

a16z, Insight backing portfolio cosexternal

Wayve valued $8.6B Series Dexternal

9fin $1.3B unicorn exit pathexternal

GitButler $17M Series A — a16zexternal

GitGuardian $50M Series C — Insightexternal

Orbital raises $50M Series Bwebsite

Portfolio spans AI, GPU, self-drivingwebsite

9fin raises $170M Series Cwebsite

Embodied AI self-driving core thesiswebsite

Backs founders nobody dares investwebsite

Contrarian Signals

Backs 'undared' founders — contrarian picksexternal

Founder Do's

Be a technical founder

Build in Europe

Show zero-to-one ambition

Target US/tier-1 VC follow-on path

Be 'undared' — contrarian bet

Founder Don'ts

Non-technical founder teams

Late-stage or growth plays

No clear technical differentiation

21 signals on Fly Ventures III.

12 bullish · 1 contrarian · 5 pitch do's · 3 don'ts, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€80M

Saves0

Website

People

Key People

Gabriel Matuschka, Fredrik Bergenlid

Backers

Known LPs

KfW CapitalPublic / State institution

N°04 / See also

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