It was one of the worst-kept secrets in the history of European VC, but now it's official: former Earlybird VC investors Ciarán O'Leary and Jason Whitmire have raised $120 million for a brand new early-stage investment firm (yes, another one) that will be based in Berlin.

The new firm, dubbed BlueYard, will invest across Europe. Also worth noting: former LivingSocial exec and 6Wunderkinder CTO Chad Fowler is joining BlueYard as a venture partner.

This is only one of the many changes the Berlin investment scene is currently undergoing, which we'll shine a bright light on in the coming weeks.

Also read:

Earlybird VC Ciarán O’Leary: “European investors need to up their game.” (video interview)

Brent Hoberman to leave PROfounders, the VC firm he co-founded, to start a new seed fund

Google Ventures Europe partner Eze Vidra departs the company

Changes at London VC firm Accel as Michiel Kotting leaves for Northzone

Cisco bets big on the French startup scene, invests $51 million in local VC firms Idinvest and Partech

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