# Project Flying Elephant

> Project Flying Elephant is a VC fund in Berlin backing Social Media, News and Apps. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Berlin, Germany
- Total investments: 4
- Last investment: Oct 2016
- Lead investor: 0%
- Last updated: Aug 2026
- X (Twitter): https://twitter.com/pfe_incubator
- Website: http://projectflyingelephant.com
- Facebook: http://www.facebook.com/projectflyingelephant

Project Flying Elephant is a VC fund in Berlin focused on Social Media and News. Project Flying Elephant is the angel stage investment program of the early-stage venture capital investor WestTech Ventures and supports teams and founders in their founding stage and early development phases.You can benefit from a first angel investment as well as from many additional value-adding services in fields such as office hours, accessto partner services, discounts & perks, and office space. Through personal mentoring and coaching, you get advice and learn from their team.They love state-of-the-art products designed for businesses and enterprises alike which change they way they interact, work and ultimately help them be more productive. They are looking for strong tech-savvy teams who want to create new products and services for developers, and enterprises and to solve real problems with innovative and unique ideas and whose goal is to build sustainable companies. The teams can focus on e.g.​ B2B SaaS, Enterprise Software and Developer Tools as well as on​ MediaTech​ and EduTech. ​​There is one condition though: the teams must be able to build and​/or​ oversee their technology in their own team.Project Flying Elephant supports teams with up to €50,000 in funding, office space, and various high-quality services.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Social Media | 3 | 75% |
| News | 2 | 50% |
| Apps | 1 | 25% |
| EdTech | 1 | 25% |
| Hardware | 1 | 25% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 50% |
| Angel | 1 | 25% |
| Convertible Note | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Germany | 2 | 50% |
| France | 1 | 25% |
| United States | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Krak | Krak is a skateboarding studio. They build products for.by skateboarders. They launched so far a mobile social network for skateboarders + a monthly subscription box full of skateboarding items + an online skate mag.They currently work on Their 4th product which is a hardware device connected to the app w/ an algorithm to recognizeskateboarding tricks. |  | Seed | Oct 03, 2016 |  |
| Labiotech.eu | Labiotech.eu is the leading digital media covering the European Biotech industry. Read it to keep a watch on the business and innovations of biotechnologies. Join us now and enjoy reading our stories! |  | Seed | Feb 02, 2016 |  |
| HashtagNow | HashtagNow is the real-time news platform that uses hashtags to discover and provide context for topics people talk about across platforms. |  | Convertible Note | Oct 02, 2015 |  |
| HFactory | HFactory empowers educators to create engaging active learning experiences in Data Science and AI. Leveraging years of experience running data science group projects and challenges, ML hackathons as well as bootcamps, HFactory makes organising such activities a breeze. From the formation of diverse groups to multi-dimensional evaluation and accessto high-end computing resources, the platform handles all the dispiriting setup and administrative work, and lets educators focus on the content and the interaction with learners. |  | Angel | Jun 01, 2015 |  |

4 of 4 investments shown.

## Co-investors
- [WestTech Ventures](https://shizune.co/investors/profile/west-techventures) — VC Fund, 4 deals together

## Similar investors

### Similar industry
- [Robert DeMaio](https://shizune.co/investors/profile/robert-charles-demaio) — Angel Investor
- [SV Angel](https://shizune.co/investors/profile/sv-angel) — VC Fund
- [Lightspeed Venture Partners](https://shizune.co/investors/profile/lightspeed-venture-partners) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [HTGF (High-Tech Gruenderfonds)](https://shizune.co/investors/profile/high-tech-gr%C3%BCnderfonds) — VC Fund
- [HV Capital](https://shizune.co/investors/profile/holtzbrinck-ventures) — VC Fund
- [IBB Ventures](https://shizune.co/investors/profile/ibb) — VC Fund

## Featured in investor lists
- [Social Media VC Funds in Germany](https://shizune.co/investors/social-media-vc-funds-germany)
- [Social Media Investors in Germany](https://shizune.co/investors/social-media-investors-germany)
- [Digital Media Investors in Germany](https://shizune.co/investors/digital-media-investors-germany)

## FAQ

### What does Project Flying Elephant invest in?

Project Flying Elephant invests primarily in Social Media, News and Apps startups, most often at Seed and Angel stage. Most of the 4 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Project Flying Elephant last invest?

The most recent investment recorded for Project Flying Elephant closed in Oct 2016. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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