Get the latest tech news
Earlybird Health closes twice-larger second fund, will write bigger checks
Germany-based Earlybird Health announced the final closing of its second fund of €173 million (around $185 million). This is more than twice the size of Earlybird's first healthcare-focused fund.
Since it plans to predominantly invest in Europe, including the U.K., this could be good news for healthtech startups in the region, many of which are running out of cash after the fall of telehealth company Babylon. From uncovering stealth mode companies to other opportunities, Earlybird Health principal Christoph Massner expects it will help the fund’s deal sourcing and due diligence process be more efficient and more inclusive. As an article 8 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR), it sees these efforts as a “core part” of its daily activities, “whether investing or general operations,” partner Lionel Carnot said.
Or read this on TechCrunch