Generali Insurance, Miele and Barmer Gek are among the limited partners that backed the first close of the fund, which is expected to reach $135m in size.
Germany-based venture capital firm Earlybird Venture Capital reached the first close of a health technology fund yesterday, having secured contributions from limited partners including domestic appliance producer Miele and insurance firm Generali.
Earlybird Health Tech Fund has a target size of between €100m and €120m ($112m to $135m), and will invest in Europe-based medical, digital health and diagnostics technology developers.
The fund’s other LPs include public health insurer Barmer Gek, financial services firm NRW.Bank and Germany’s Federal Ministry for Economic…