The Zurich-based
enterprise capital agency Wingman Ventures has introduced its rebranding as Founderful
and launched a $120 million second fund to spend money on Swiss tech startups. The
firm has already raised $85 million towards the brand new fund’s goal.
Based in
2019, Founderful offers early-stage capital and assist to formidable Swiss
startups. The agency usually invests on the pre-seed stage and has made almost
50 investments from its first fund of $60 million, backing firms like Wingtra,
DePoly and Corintis. In complete, Founderful’s portfolio agency have gone on to
increase over $350 million in further funding.
Alex Stöckl, Associate at Founderful
“Switzerland
is among the world’s fastest-growing enterprise capital markets,” mentioned Alex
Stöckl, a Associate at Founderful. “With the worldwide shift in the direction of extra complicated
applied sciences fixing a few of our society’s most urgent challenges, it would
develop into one of many world’s most necessary tech hubs.”
Founderful
II is backed by institutional traders in addition to founders of profitable
startups like Duolingo, Climeworks, GetYourGuide and Supply Hero. The agency
plans to focus its new enterprise on startups in areas like robotics, synthetic
intelligence, laptop imaginative and prescient and materials sciences. It goals to work intently
with universities and business companions.
Lukas Weder, Founding Associate at Founderful
“Our
recent identification as Founderful displays our function as a enterprise capital enterprise
to have the deepest understanding of founders and provides them the best stage
of assist,” mentioned Lukas Weder, the Founding Associate at Founderful.
The brand new
fund emerges at a time when European tech and fintech startups discover themselves
getting ready to a funding cliff. The newest Pulse of Fintech report by KPMG
confirmed that in 2023, international investments in monetary expertise fell $85
billion to $113.7 billion.
Switzerland to Grow to be
Main VC Ecosystems in Europe
A number of key
developments again the Founderful thesis on investing in Swiss startups. Firstly, Switzerland
has maintained its place because the chief within the World Innovation Index for 13
years in a row, excelling in expertise, data, and creativity. The nation
boasts the best variety of patents per capita globally, and ETH Zurich is
famend for producing essentially the most college spin-offs worldwide.
Stats of the Swiss startups in 2023. Supply: Startupticker.ch
Marcin Majewski, the Founder and Managing Associate at Aventis Advisors
“Founderful’s
initiative to lift $120 million for Swiss tech and AI startups may be very
thrilling! With Switzerland’s booming enterprise capital market and strong analysis
establishments, the potential for constructing profitable startups is immense,”
commented Marcin Majewski, the Founder and Managing Associate at Aventis Advisors.
Secondly, The
attraction of main expertise companies to Switzerland is notable, with Google
housing its largest tech workplace outdoors the U.S. and using 5,000
builders. Different tech giants like Disney, Nvidia, Meta, Huawei, and Intel have
just lately expanded their R&D groups in Switzerland.
“When
our knowledge, Switzerland has been on the rise as certainly one of Europe’s
quickest rising VC ecosystems over the previous 5 years, and in 2023 turning into
the fifth largest enterprise market on the continent solely behind powerhouses UK,
Germany, France and Sweden,” commented Yoram Wijngaarde, the CEO and Founding father of
Dealroom.
Yoram Wijngaarde, the CEO and Founding father of Dealroom
And thirdly,
Switzerland has earned the title of a Unicorn nation, with the next density of
billion-dollar tech startups per capita than another European nation. Newly
profitable unicorns akin to Scandit, Climeworks, and SonarSource, together with
much less seen however profitable ventures like Proton, spotlight Switzerland’s
growing significance within the international B2B expertise sector.
Switzerland additionally stands out as one of the forward-thinking nations when it comes to creating laws for brand new applied sciences and asset lessons.
The Zurich-based
enterprise capital agency Wingman Ventures has introduced its rebranding as Founderful
and launched a $120 million second fund to spend money on Swiss tech startups. The
firm has already raised $85 million towards the brand new fund’s goal.
Based in
2019, Founderful offers early-stage capital and assist to formidable Swiss
startups. The agency usually invests on the pre-seed stage and has made almost
50 investments from its first fund of $60 million, backing firms like Wingtra,
DePoly and Corintis. In complete, Founderful’s portfolio agency have gone on to
increase over $350 million in further funding.
Alex Stöckl, Associate at Founderful
“Switzerland
is among the world’s fastest-growing enterprise capital markets,” mentioned Alex
Stöckl, a Associate at Founderful. “With the worldwide shift in the direction of extra complicated
applied sciences fixing a few of our society’s most urgent challenges, it would
develop into one of many world’s most necessary tech hubs.”
Founderful
II is backed by institutional traders in addition to founders of profitable
startups like Duolingo, Climeworks, GetYourGuide and Supply Hero. The agency
plans to focus its new enterprise on startups in areas like robotics, synthetic
intelligence, laptop imaginative and prescient and materials sciences. It goals to work intently
with universities and business companions.
Lukas Weder, Founding Associate at Founderful
“Our
recent identification as Founderful displays our function as a enterprise capital enterprise
to have the deepest understanding of founders and provides them the best stage
of assist,” mentioned Lukas Weder, the Founding Associate at Founderful.
The brand new
fund emerges at a time when European tech and fintech startups discover themselves
getting ready to a funding cliff. The newest Pulse of Fintech report by KPMG
confirmed that in 2023, international investments in monetary expertise fell $85
billion to $113.7 billion.
Switzerland to Grow to be
Main VC Ecosystems in Europe
A number of key
developments again the Founderful thesis on investing in Swiss startups. Firstly, Switzerland
has maintained its place because the chief within the World Innovation Index for 13
years in a row, excelling in expertise, data, and creativity. The nation
boasts the best variety of patents per capita globally, and ETH Zurich is
famend for producing essentially the most college spin-offs worldwide.
Stats of the Swiss startups in 2023. Supply: Startupticker.ch
Marcin Majewski, the Founder and Managing Associate at Aventis Advisors
“Founderful’s
initiative to lift $120 million for Swiss tech and AI startups may be very
thrilling! With Switzerland’s booming enterprise capital market and strong analysis
establishments, the potential for constructing profitable startups is immense,”
commented Marcin Majewski, the Founder and Managing Associate at Aventis Advisors.
Secondly, The
attraction of main expertise companies to Switzerland is notable, with Google
housing its largest tech workplace outdoors the U.S. and using 5,000
builders. Different tech giants like Disney, Nvidia, Meta, Huawei, and Intel have
just lately expanded their R&D groups in Switzerland.
“When
our knowledge, Switzerland has been on the rise as certainly one of Europe’s
quickest rising VC ecosystems over the previous 5 years, and in 2023 turning into
the fifth largest enterprise market on the continent solely behind powerhouses UK,
Germany, France and Sweden,” commented Yoram Wijngaarde, the CEO and Founding father of
Dealroom.
Yoram Wijngaarde, the CEO and Founding father of Dealroom
And thirdly,
Switzerland has earned the title of a Unicorn nation, with the next density of
billion-dollar tech startups per capita than another European nation. Newly
profitable unicorns akin to Scandit, Climeworks, and SonarSource, together with
much less seen however profitable ventures like Proton, spotlight Switzerland’s
growing significance within the international B2B expertise sector.
Switzerland additionally stands out as one of the forward-thinking nations when it comes to creating laws for brand new applied sciences and asset lessons.
