Munich / Berlin — Growth capi­tal provi­der Early­bird has parti­ci­pa­ted in the Series D finan­cing round of Berlin-based FinTech company N26 GmbH with a total volume of USD 470 million. P+P Pöllath + Part­ners advi­sed Early­bird on the estab­lish­ment and fund­rai­sing of a special fund to parti­ci­pate in this finan­cing round.

Early­bird is a venture capi­ta­list with an invest­ment focus on Euro­pean tech­no­logy compa­nies. With a volume of more than EUR 1 billion in capi­tal commit­ments across all fund gene­ra­ti­ons and 21 years of venture capi­tal expe­ri­ence, Early­bird is one of the most successful and expe­ri­en­ced VC inves­tors in Europe. Early­bird has been actively support­ing N26 as an inves­tor since the seed finan­cing round in 2014.

N26 is a direct bank specia­li­zing in smart­phone account manage­ment. The FinTech Unicorn is curr­ently conside­red the most valuable German FinTech company.

P+P Pöllath + Part­ners provi­ded compre­hen­sive advice to the fund mana­ger, Early­bird VC Manage­ment GmbH & Co. KG, with the follo­wing cross-loca­tion private funds team:

Dr. Andreas Rodin (Part­ner, Private Funds/Tax Law, Frank­furt am Main)
Jan Phil­ipp Neidel, LL.M. (UCONN) (Asso­ciate, Private Funds/Tax Law/Venture Capi­tal, Berlin); Simon Schachin­ger (Asso­ciate, Private Funds/Tax Law/Venture Capi­tal, Berlin)