Fundraising Fox

Fly Ventures

Venture capitaloperating company · company profile

Berlin · Pre-Seed–Series A · 6 people tracked

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Investment thesis

Fly Ventures focuses on partnering with founders at the earliest 'zero to one' stage of company building. The firm emphasizes its ability to help portfolio companies scale, noting that more than 60% of its portfolio companies go on to raise follow-on rounds from US or tier 1 European venture capital firms. Portfolio companies have collectively raised in excess of $3B in follow-on funding from leading global VCs.

Source: firm website, verified Aug 26, 2026.

Stage
Pre-Seed–Series A
Check
$1.1M – $4.3M
HQ
Berlin, DE
Leads rounds
Follows
Instruments
Equity
Founded
2016
Last 12 months
1 investment
AUM
$187.9M
Tracked investments
78

Team · 6 people

from the firm's website
Steven Tran· Operating Partnerin

What they invest in

from 53 of 78 portfolio companies

AI & Machine Learning ×31Enterprise Software ×17SaaS ×15Developer Tools ×10Cybersecurity ×9Data & Infrastructure ×8Fintech ×8Cloud Computing ×7

HQs:Germany×7United Kingdom×7United States×6France×2Netherlands×2Switzerland×1

Who they back

founder profiles across 31 portfolio companies
65%
solo founders
20 of 31 mapped founding teams
52%
repeat founders
of 29 founders with career history

Founding team size:solo founder×202 founders×73 founders×34+ founders×1

Where their founders studiedfrom 29 founders with education data

Technical University of Munich ×4ETH Zürich ×3Stanford University ×2UCL ×2University of Cambridge ×2

Where their founders worked beforefrom 29 founders with career history

Deutsche Bank ×3Osper ×2TransferWise ×2

5 founders hold a PhD · 3 hold an MBA (of 29 with degree data)

Investments · 78 tracked

founders shown can be your intro path

By year:2026 · 12022 · 12 dated

Neuralkneuralk.aiin✓ verified

Neuralk builds foundational tabular AI models and autonomous agentic workflows that generate predictions (classification, regression, timeseries) on enterprise business data without requiring re-training.

AI & Machine LearningData & InfrastructureDeep TechEnterprise Software

Alexandre Pasquiou(Co-founder)Antoine Moissenot(Co-founder)

xmemoryxmemory.ai✓ verified

xmemory is a schema-based memory layer that lets AI agents read and write in natural language while storing facts, relationships, and workflow state as validated, queryable memory.

AI & Machine LearningData & InfrastructureDeveloper ToolsLondon, GB

Alex Petrov(Founder & CEO)

Co-investors33EastBegin CapitalAAL VCInovia CapitalYango Ventures

zymtracezymtrace.comin𝕏✓ verified

Zymtrace is a continuous, cluster-wide profiling platform that uses eBPF to correlate GPU and CPU workloads down to individual CUDA kernels, stall reasons, and lines of code, helping engineering teams find and fix why AI workloads run slowly.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsNew Castle, US

Israel Ogbole(Founder)inJoel Hönerin

Co-investorsMango CapitalVenture Guides Management, L.P.6 Degrees CapitalEntropy Industrial Capital

9fin9fin.comin𝕏

9fin is an AI-native intelligence platform that provides data extraction, analytics, and workflows for credit and debt capital markets teams.

AI & Machine LearningData & InfrastructureFintechPropTech

StevenHussHuss E.(Founder)inHuss EL-SheikhSteven Hunter

Co-investors500 GlobalHighland EuropeLiquidity CapitalredalpineSpark Capital

Axiomaxiom.coin𝕏

Axiom provides a fully managed, petabyte-scale, schema-less event store for observability data, letting engineering teams ingest and retain logs, traces, metrics, and events with high compression and usage-based pricing.

Cloud ComputingData & InfrastructureDeveloper ToolsSan Francisco, US

Seif Lotfy(Founder)

Co-investorsCrane Venture PartnersMango CapitalFuturePlayKakao Ventures

Better Originbetterorigin.co.uk

Better Origin develops insect farming technology that converts food waste into protein feed for livestock.

AgTechAI & Machine LearningCircular EconomyFoodTech

Fotis Fotiadis(Founder)in

Co-investorsBalderton CapitalMetavallon VC

Bloomsbury

NLP powered knowledge base (acq. by Meta)

Bloomsbury AIbloomsbury.aiinAcquired

Bloomsbury AI was an artificial intelligence company that developed Cape, a natural language question-answering tool, which it later open sourced.

AI & Machine LearningEnterprise SoftwareLondon, GB

Guillaume Bouchard(Cofounder)in

Co-investorsAlbionVCEntrepreneur First

Blue Morphogetbluemorpho.comin

Blue Morpho is a data integration and AI platform that unifies fragmented data across enterprise systems and encodes business logic into a knowledge base, enabling AI agents to provide reliable, explainable answers.

AI & Machine LearningData & InfrastructureEnterprise Software

Co-investorsKima VenturesOVNI Capital

Bluesand
Bluesand AI for the CFObluesand.aiin𝕏

Bluesand offers an AI platform with purpose-built agents that work across a company's existing ERP, banks and finance stack to run the accounting close, draft journal entries, and maintain controls in an audit-ready workspace.

AI & Machine LearningEnterprise SoftwareFintech

Cakewalkgetcakewalk.ioin

Cakewalk is an access management platform that governs and secures access for both AI agents and human identities across a workforce.

AI & Machine LearningCybersecurityEnterprise SoftwareBerlin, DE

Gil Roeder(Founder)

Co-investorsKindred CapitalVertex Ventures

Cakewalk Access management for AI agentscakewalk.securityin

Cakewalk is an access management platform that governs and secures access for both AI agents and human identities across a workforce, routing agent calls through a runtime policy gateway and provisioning access on demand.

AI & Machine LearningCybersecuritySaaS

Johannes Keienburg (PhD)(Founder)in

Candiscandis.ioin

Candis offers software for invoice and financial document management, letting mid-market companies collect incoming invoices, receipts, travel expenses, and contracts in one place, read them automatically with AI, route them through customizable approval workflows, export them, and archive them in a GoBD-certified format.

AI & Machine LearningFintechSaaS

Co-investors42CAPBootstrap EuropeLightspeed Venture PartnersPoint NineSpeedinvestViola Ventures+2 more

Carbmeecarbmee.comin

carbmee provides the Environmental Intelligence System (EIS™), a platform that embeds real-time carbon and environmental data into a company's core business systems for emissions reporting and reduction.

Climate TechEnterprise SoftwareSaaS

Robin Spickers(Founder)in

Co-investorsCommerzVenturesMaersk Growth

Cassis
Cassis AI-native business intelligencegetcassis.comin

Cassis provides a context layer that sits between a company's data stack and its analytics AI agents, capturing approved metric definitions, valid joins, and governance rules so agents produce answers traceable to trusted context.

AI & Machine LearningData & InfrastructureSaaS

CirqlOne

SAP-native semantic AI platform

CirqlOne SAP-native semantic AI platformcirqlone.comin

Cirql One provides a business context layer that extracts and formalizes business logic, semantics, rules, and governance from SAP and enterprise systems into reusable reasoning assets for enterprise AI applications, analytics, and automation.

AI & Machine LearningData & InfrastructureEnterprise SoftwareHeidelberg, DE

Gregor Stoecklerin

Co-investorsUVC Partners

Claimsforceclaimsforce.comin

ClaimsForce develops AI-based software for underwriting and claims management, serving insurers, claims adjusters, and underwriters.

AI & Machine LearningEnterprise SoftwareInsurTech

Nils Mahlow(Founder)in

Co-investorsLa FamigliaNotion CapitalPoint Nine

Clicks

AI agents for healthcare workflows

Clicks Healthgoclicks.aiin

GoClicks deploys AI agents to automate revenue cycle and administrative workflows in healthcare operations.

AI & Machine LearningEnterprise SoftwareFuture of WorkHealthtechZH, CH

Dominik Helmreich(Founder)inOliver Knapp(Founder)in

Co-investorsY Combinator

CodeWords
CodeWords AI workflow automationcodewords.aiin𝕏

CodeWords is a no-code platform where users describe in plain language what they want an AI agent to do, and its assistant "Cody" builds the logic, connects the tools, and deploys the agent.

London, GB

Aymeric Zhuo(Founder)Osman Ramadan(Founder)

Dialpaddialpad.comin𝕏

Dialpad provides a platform that transforms customer conversations into actionable intelligence for businesses.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSSan Ramon, US

Craig Walker(Chief Executive Officer & Founder)inJohn Rector(Director)Brian Peterson(Chief Technology Officer & Founder)inLily Toy(Executive Officer)Dan O'Connell(Director)

BoardMark Shulgan(Director)in

Co-investorsAcrew CapitalAndreessen HorowitzAtomicCerity Partners VenturesFelicis VenturesG Squared+13 more

Elea

AI operating system for pathology labs

elea healthelea.healthin

elea builds AI-powered healthcare information systems that orchestrate devices and data, automate clinical documentation, and generate review-ready reports for emergency departments and pathology labs.

AI & Machine LearningDigital HealthHealthtech

Co-investorsGiant Ventures Global Llp

Elm Labs

AI-native customer & employee feedback

Elm Labs AI-native customer & employee feedbackelmlabs.aiin

AI-native customer & employee feedback

Fernridefernride.com

FERNRIDE develops autonomous trucking technology for logistics operations.

AI & Machine LearningLogistics & Supply ChainMobility & TransportationRobotics

Hendrik Kramer(Founder)in

Co-investorsDeepTech & Climate FondsPUSH VenturesTechFounders10x FoundersMunich Re Ventures

Finiatafiniata.com

Finances small businesses that cannot access bank credit lines

Co-investorsDN CapitalKAYAManta Ray VenturesPoint NineEnernFasanara Capital+2 more

Fuseboxfusebox.energyin

Fusebox offers an operating system for virtual power plants (VPPs) that provides site-level optimization, real-time dispatch, and ancillary market workflows for managing distributed energy flexibility.

CleantechEnergySaaS

Co-investorsContrarian VenturesEneco VenturesSoulmates Ventures

Gardengarden.io

Development platform for microservices (acq. by Incredibuild)

Co-investors468 Capital

GenLots
GenLots Automating procurementgenlots.comin𝕏

GenLots provides an AI-powered application that integrates with ERP systems (notably SAP) to optimize purchase orders and reduce inventory in materials replenishment.

AI & Machine LearningLogistics & Supply ChainSaaS

Simon Schenker(Founder)in

GitBookgitbook.comin𝕏

GitBook is a documentation platform that helps teams create, publish, and maintain product docs, with tools to sync docs with code repositories, detect stale content, and let users query docs through an AI assistant.

AI & Machine LearningDeveloper ToolsSaaSCovina, US

Samy Pessé(Founder)in

Co-investorsKima VenturesPoint NineTPC Club (The presale club)TPC VenturesElectric Capital

GitGuardiangitguardian.comin𝕏Feb 2026 · $50M

GitGuardian provides a security platform that detects and remediates leaked secrets and mismanaged identities across the software development lifecycle for enterprises.

CybersecurityDeveloper ToolsEnterprise SoftwareParis, FR

EricJérémyEric Fourrier(Founder)in

Co-investorsBalderton CapitalInsight PartnersKima VenturesSapphire VenturesSnowflake VenturesEurazeo+1 more

Inato

Co-investorsElaiar24

Inato Clinical trials platforminato.comin

Inato operates a platform that connects patients with clinical trials in their communities, improving access and diversity in medical research.

AI & Machine LearningDigital HealthHealthtechMedical Devices

Kourosh Davarpanah(Founder)in

Co-investorsCathay InnovationKima VenturesObvious VenturesSerenaElaia

Insifyinsify.comin𝕏

Insify is a Dutch digital insurance provider that offers customizable business insurance for entrepreneurs and freelancers, including disability insurance (AOV), liability coverage, and equipment protection, with fully online processes and transparent pricing.

FintechInsurTechNetherlands, NL

Co-investorsAccelFrontline VenturesOpera Tech VenturesEvli Growth PartnersMunich Re VenturesVisionaries Club

Insify Small business insuranceinsify.nlin𝕏

Insify provides digital insurance products for self-employed professionals and entrepreneurs in the Netherlands, including disability income insurance (AOV), professional liability insurance, and equipment coverage with online policy management and claims processing.

InsurTech

Koen Thijssen(Founder)in

Co-investorsEvli Growth Partners

Lakeralakera.aiinAcquired

Lakera provides an AI-native security platform that protects enterprise GenAI applications, AI agents, and MCPs from threats such as prompt injections, data leakage, and jailbreaks.

AI & Machine LearningCybersecurityEnterprise Software

David Haber(Founder)in

Co-investorsRain CapitalAtomicoCiti Venturesredalpine

Lirlirtx.comin

Lir develops AI models to design and optimize adeno-associated viral (AAV) vectors for gene therapies, using its nAAVigator platform and an integrated lab-in-the-loop that pairs high-throughput assays with AI.

AI & Machine LearningBiotechDeep Tech

Co-investorsAmino Collective

Lir Therapeutics

AI-powered AAV protein engineering

Martian Lawyers Clubmartianlawyers.club𝕏

Martian Lawyers Club builds generative game technology, including a runtime logic engine (Nomic) that creates new game behaviours during play and local world models trained on game state to enable richer player control.

AI & Machine LearningDeep TechGaming

Kamen(CEO)in

Metaview
Metaview Agentic recruiting platformmetaview.aiin𝕏

Metaview is an AI-powered recruiting platform that uses agents to help source, engage, and hire candidates end to end.

AI & Machine LearningHR TechSaaSLondon, GB

Shahriar Tajbakhsh(Founder)inSiadhal Magos(Founder)in

Co-investorsGaruda VenturesVertex VenturesVertex Ventures Sea Management Pte. Ltd.

Mutablemutable.io𝕏

Cloud ComputingDeveloper ToolsNew York City, US

Co-investorsMomenta VenturesTechstarsLunar VenturesSeraphim Space

Ophelosophelos.com

Ophelos works with companies to help their customers resolve outstanding debts and improve their financial wellbeing.

Fintech

Amon Ghaiumy(Founder)in

Co-investorsAlbionVCForm Ventures

Ophelosophelos.io

Ophelos works with companies to help their customers repay outstanding debts, offering a way to manage and clear debt while supporting financial wellbeing.

Fintech

Amon Ghaiumy(Founder)in

Orbital AI-industrialorbitalindustries.comin𝕏

Orbital Industries is an "AI Industrial" company that develops physical AI models—including AI-accelerated simulators and autoresearch agents for advanced materials—to speed up the design and manufacture of hardware products.

AI & Machine LearningDeep TechNew Materials

Co-investorsCharacter

Orbital Industries
Orbital Materialsorbitalmaterials.comin

Uses AI to discover exotic new materials; raised a $50M Series B led by Plural.

Co-investorsCompoundFlying Fish VenturesISVMSMRadical VenturesBoxGroup+1 more

Palisadepalisade.coin𝕏

Palisade (Ripple Custody) provides institutional-grade, API-centric digital asset custody software for financial institutions and crypto businesses to launch and scale services such as stablecoins, tokenization, and trading.

Crypto & Web3CybersecurityEnterprise SoftwareFintech

Pear Biopearbio.comin𝕏

Pear Bio delivers precision medicine tests and therapeutics for patients with hard-to-treat cancers by creating personalized treatment predictions from tumor biopsies and developing novel targeted therapies.

BiotechDigital HealthMedical Devices

Duleek Ranatunga(Founder)in

Co-investorsCompoundEarlymarketHoxton VenturesOctopus VenturesSoftBank Investment Advisers’ Emerge ProgramWavemaker Three-Sixty Health

Poke & Wigglepokeandwiggle.comin

Poke & Wiggle works on the data and go-to-market challenges of robot foundation models.

AI & Machine LearningDeep TechRobotics

Reimagine Robotics

AI-driven robotic general intelligence

Reimagine Robotics AI-driven robotic general intelligencereimaginerobotics.aiin

AI-driven robotic general intelligence

Oleg Sushkov(Founder)in

rembergremberg.comin

remberg develops maintenance software for industrial maintenance teams, offering preventive maintenance, fault reporting, and centralized equipment documentation.

Advanced ManufacturingEnterprise SoftwarePropTechSaaSMunich, DE

Julian Borg(Founder)inJulian Madrzak(Founder)David Hahn(CEO)

Co-investorsOxxActon CapitalSpeedinvest

Exits · 1

IPOs and acquisitions across the tracked portfolio

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Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Fly Ventures made?
Fly Ventures has 76 tracked investments, 3 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
What stage does Fly Ventures invest at?
Fly Ventures invests at the Pre-Seed, Seed, Series A stages.
What is Fly Ventures's typical check size?
Fly Ventures typically writes checks of $1.1M – $4.3M.
What sectors does Fly Ventures focus on?
Fly Ventures focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Climate Tech, Cloud Computing, Consumer, Cybersecurity, Data & Infrastructure, Deep Tech, Developer Tools, EdTech, Energy, Enterprise Software, Fintech, Hardware, Healthtech, InsurTech, Logistics & Supply Chain, Mobility & Transportation, New Materials, Robotics, SaaS.
Where is Fly Ventures located?
Fly Ventures is headquartered in Berlin, DE.
Does Fly Ventures lead rounds?
Fly Ventures typically participates in rounds rather than leading them.
Who does Fly Ventures co-invest with?
Fly Ventures most often shares deals with Seedcamp, Kima Ventures, Point Nine, among 102 tracked co-investors.

Images

Fly Ventures photoFly Ventures photo

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