Fly Ventures: portfolio, cheque size and how to pitch

Quick answer

Fly Ventures is a first-cheque investor for technical founders, leading or co-leading pre-seed and seed rounds across Europe, with a stated extension to European diaspora founders in the US. Its areas of interest include AI, robotics, developer tools and cybersecurity. The firm sources do not publish a cheque-size range or numerical ownership target.

Stage
Pre-seed, Seed
Geography
Europe
Leads?
Leads or co-leads
HQ
Berlin (registered office)
Investor match

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Recent investments

Tangent Robotics announced a pre-seed round on 30 September 2026, reported by VC News Daily. Fly's own site dates its first investments in GitButler to 2023, Lakera to 2022 and Wayve to 2017. Those historical references connect its technical thesis to developer tools, AI security and robotics.

Tangent RoboticsPre-seed · Sep 30, 2026Pre-seedSep 30, 2026Not statedSource ↗
GitButlerPre-seed · 2023Pre-seed2023Not statedSource ↗
Lakera2022Not stated2022Not statedSource ↗
WayveSeed · 2017Seed2017Not statedSource ↗

How they invest

Fly's how-we-invest page states pre-seed and seed, a first-cheque role, and leading or co-leading rounds. The thesis describes technically hard, often uncharted problems and says most capital is put in up front, with selective follow-ons.

AI security, robotics and embodied AI, AI for the physical world, developer tools, data infrastructure and cybersecurity are described as areas of interest rather than rigid investment boundaries. The legacy and catalog records support that technical emphasis.

The geographic statement covers Europe and European diaspora founders in the US. The key facts preserve Europe as the core region, while this narrower US extension remains explicit. Berlin is the registered office from the imprint. No cheque range is stated on the firm pages, and conflicting aggregator estimates were not adopted. The size of a portfolio company's total round cannot supply the missing individual cheque figure.

How to approach Fly Ventures

  1. Lead with the hard technical problem and why your team can solve it. Describe the engineering uncertainty, what has been demonstrated and what still needs to be proved. Relate the explanation to Fly's stated technical interests without claiming that a fashionable AI label by itself establishes fit.

  2. Place the company at pre-seed or seed using concrete development facts. Explain what the first institutional capital would unlock and which risks it would reduce. Because Fly describes a first-cheque role, distinguish any existing institutional backing from founder funding or other support. Avoid using a later financing by an existing portfolio company to argue that a new later-stage approach is covered.

  3. Pick a relevant comparison with its actual date. GitButler's 2023 pre-seed reference can support a developer-tools discussion; Lakera's 2022 investment reference can anchor an AI-security comparison; Wayve's 2017 seed reference concerns embodied AI. State the meaningful similarity and the difference. These are historical examples, so do not describe them as a burst of current-year investing.

  4. If using Tangent Robotics, cite the 30 September 2026 announcement and check the original financing account. Explain why that opportunity is comparable rather than treating the company's name as proof of a shared market. Do not turn the announced round size into Fly's cheque amount. The sources do not establish the allocation you could receive.

  5. Be explicit about Europe or the European diaspora connection in the US, and say whether you need a lead or co-lead. Bring an allocation request grounded in your own round plan while leaving the fund's cheque range as an open question. Use the official firm page below to find the current team and approach route.

Official firm page: Fly Ventures — checked 2026-10-11.

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  • firstminute capital

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Compare published mandates in these relevant lists: Seed AI investors in Europe; Pre-seed AI investors in Europe.

Prepare the comparison with How to read an investor match, Check-size reality and Portfolio conflicts.

FAQ

Does Fly Ventures lead rounds?

Yes. Fly states that it leads or co-leads rounds and describes itself as a first-cheque investor. Explain which financing role you need rather than assuming leadership is automatic.

What is Fly Ventures's cheque size?

No verified cheque-size range is available in the firm sources. The guide therefore leaves the numerical range unpublished. Third-party estimates disagree, and the total size of Tangent Robotics' financing is not Fly's individual allocation. Prepare your own funding request and confirm the applicable cheque and ownership expectations directly with the firm.

What has Fly Ventures invested in recently?

The recent dated example is Tangent Robotics' pre-seed announcement on 30 September 2026. The table also preserves older references for GitButler in 2023, Lakera in 2022 and Wayve in 2017. These older entries explain portfolio context, not recent activity.

Does Fly Ventures invest in Europe and the US?

Europe is the core stated geography. The how-we-invest source also names European diaspora founders in the US, which is a qualified extension rather than an unrestricted US mandate. Berlin is the registered office, not the eligibility boundary. A US-based founder should explain the relevant European connection before treating the geography as a match.

How do I pitch Fly Ventures?

Frame the technically hard problem, your evidence of progress and the milestone a pre-seed or seed round would enable. Connect a relevant portfolio example to the actual technical opportunity, state the geographic link and explain whether you seek a lead or co-lead. Follow the official firm's current route and clarify cheque size instead of inserting an unsupported range.

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01 / FitWhy they fit

Stage, sector and geography compared with your company.

Investor profile
SSeedcampPre-seed · Europe
Investment focus

Backs technology founders from pre-product through early revenue

Sources

Investment approach · FAQ

Focus

Sector agnostic

02 / EvidenceCheck the evidence

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Method and sources

Based on saved public sources checked on the dates below. The table covers up to 12 evidenced investment dates; portfolio chips have no verified investment date. Sector counts cover tagged companies in these records. Round totals are separate from fund cheques. The pitch checklist is editorial advice. Recheck sources before outreach.

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