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May 16, 2006
Germany's Earlybird Can Say Exit In Four Languages
Germany-based Earlybird just announced its sixth exit in 9 months. It's had five successful IPOs on four different European stock exchanges and sold portfolio company Identify to BMC Software. Said Earlybird:
This continuous flow of exit events underlines not only the validation of Earlybird´s fund strategy but also the growing maturity of the European early stage venture capital industry and its ability to realize competitive Venture Capital returns compared to the US.
The VC firm will be marketing its next fund now. And from what we heard today at DowJones Limited Partner Summit in Zurich, it will find some willing listeners to its pitch.
Three different LPs said variations of "It's a good time to be investing in European venture capital." This is a new tune the LPs like Rho Fund Investor, Capvent, and Horsley Bridge are singing.
It's not that they are ready to invest blindly in European VC, but if a fund has shown it can "generate liquidity", particularly in the post-bubble period, and is bent on finding and building global tech ventures, they will find more open ears than they have in the past, it seems.
Posted on May 16, 2006 09:16 AM | Posted to News And Updates | Permalink
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