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May 21, 2026

Earlybird raising €500m defence fund with French investor AVP, sources say

It would be a rare joint venture in the European VC ecosystem

Anne Sraders

2 min read

Berlin-based VC Earlybird and Paris-based investor AVP (formerly AXA Venture Partners) are teaming up to raise a new defence fund, two sources familiar with the firm tell Sifted. 

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Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the VC industry and deeptech startups. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

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