Herbst Kinsky advised Earlybird Venture Capital as lead investor on its entry in Mostly AI Solutions MP GmbH. Former investors 42cap and Push Ventures also participated in the EUR 5 mio series A financing round.

With over 22 years of experience, one billion in assets under management and seven IPO´s Earlybird Venture Capital is one of the most successful venture capital firms in Europe. Earlybird now consists of three independent teams focusing on different geographies and sectors.

Mostly AI is a Vienna-based AI start-up specialising in synthetic data and its customers include renowned companies such as Erste Group, Telefonica, Microsoft and BAWAG PSK.

Andre Retterath, Investment Professional at Earlybird comments: “The cooperation with Philipp Kinsky and his team was consistently professional and goal-oriented.”

This was the first time we acted as consultant for Earlybird. Up to now, we have only known Earlybird from various financing transactions on the opposite side of our clients and are therefore particularly pleased that Earlybird has chosen us as consultants“, says Philipp Kinsky, partner at Herbst Kinsky.

Herbst Kinsky´s transaction team was led by Philipp Kinsky with support of Carl Walderdorff and Philipp Herold. Mostly AI was represented by Robert Winkler of WMWP Rechtsanwälte.