Fly Ventures

Fly Ventures is a venture capital firm that provides first-check investment to technical founders across Europe. It positions itself as an investor in early, pre-traction companies, describing its focus as backing founders that others are reluctant to fund, and works with companies from the "zero to one" stage.

The firm's disclosed portfolio spans applied artificial intelligence and deep technology, including Wayve (self-driving using embodied AI), 9fin (AI-driven debt market intelligence), Orbital Industries (AI-industrial), and zymtrace (optimization of GPU and CPU workloads).

Business model

Fly Ventures operates as a venture capital investor, deploying first checks into early-stage companies and supporting them as they scale toward follow-on institutional rounds.

Traction

Fly Ventures states that its portfolio companies have raised more than $3 billion in follow-on funding and that more than 60% of portfolio companies go on to raise a follow-on round from US or tier-1 European VCs.

Latest developments

Portfolio news published by the firm includes Wayve raising a Series D at an $8.6 billion valuation (February 2026), 9fin raising a $170 million Series C at a $1.3 billion valuation (March 2026), GitButler raising a $17 million Series A led by a16z (April 2026), and Orbital raising a $50 million Series B led by Plural (May 2026).