# Fly Ventures

Fly Ventures is a Venture Capital based in Berlin, Germany.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Berlin, Germany
- **Region:** Europe
- **Address:** Berlin, Germany
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** fly.vc
- **LinkedIn:** linkedin.com/company/fly-co

## Regulatory record

- **Reports private funds:** No

## About

Fly Ventures is a first check VC for technical founders across Europe. They back founders everyone wants to meet but nobody dares to invest in. Portfolio companies have raised in excess of $3B in follow-on funding from some of the world’s best VCs, and more than 60% go on to raise a follow-on round from US or tier 1 European VCs.

## Sectors

- AI/ML
- Enterprise Software
- Mobility & Transportation
- Cybersecurity
- Industrial Tech
- FinTech

## People

- Fredrik — Team
- Gabriel — Team
- Matt — Team
- Meltem — Team
- Julian — Team

## Questions

### How does Fly Ventures source proprietary deal flow?

Fly invests from day zero to seed stage, writing first institutional checks when technical risk is highest and most other VCs stay on the sidelines. The firm’s positioning — backing founders that other investors find too early or too unproven — creates a proprietary entry point into AI, autonomy, and deep-tech teams before they are widely known. Its portfolio draws heavily from founder networks in Europe’s technical university ecosystems and early-stage research labs.

### Is Fly Ventures structured as a traditional VC or does it operate differently?

Fly is structured as a seed-stage venture manager but operates with an unusually concentrated appetite for technical risk. Rather than spreading capital across a diversified early-stage portfolio, the firm focuses on a small number of day-zero bets where it has deep technical conviction. It does not publish fund sizes or AUM and maintains a deliberately lean team.

### What investment stages does Fly Ventures typically target?

Fly targets pre-seed and seed rounds, frequently writing the first institutional check. The firm’s website describes its scope as ‘from day-zero to seed,’ and portfolio evidence — such as the 2017 seed investment in Wayve and the 2022 pre-seed check for Orbital — confirms this narrow and early focus.

### Which sectors does Fly Ventures avoid?

Fly does not publish explicit avoidance criteria. However, the portfolio reveals no exposure to direct consumer apps, DTC brands, or non-technical enterprise services. The firm’s investments center on AI and machine-learning infrastructure, autonomous systems, developer tools, industrial automation, and cybersecurity — sectors where deep technical moats exist at inception.

## Related profiles

- [Flyover Capital](https://altss.com/profile/flyover-capital)
- [Flywheel Fund](https://altss.com/profile/flywheel-fund)

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Last updated: 2026-08-11T15:06:49.768Z

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