Zurich-based
enterprise capital agency Wingman Ventures has introduced a 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 supplies early-stage capital and help to bold Swiss
startups. The agency sometimes invests on the pre-seed stage and has made almost
50 investments from its first $60 million fund, backing corporations like Wingtra,
DePoly and Corintis. In whole, Founderful’s portfolio agency have gone on to
elevate over $350 million in further funding.
Alex Stöckl, Accomplice at Founderful
“Switzerland
is without doubt one of the world’s fastest-growing enterprise capital markets,” mentioned Alex
Stöckl, Accomplice at Founderful. “With the worldwide shift in direction of extra advanced
applied sciences fixing a few of our society’s most urgent challenges, it’ll
change into one of many world’s most essential tech hubs.”
Founderful
II is backed by institutional buyers 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 trade companions.
Lukas Weder, Founding Accomplice at Founderful
“Our
recent identification as Founderful displays our goal as a enterprise capital enterprise
to have the deepest understanding of founders and provides them the best degree
of help,” mentioned Lukas Weder, Founding Accomplice at Founderful.
The brand new
fund emerges at a time when European tech and fintech startups discover themselves
on the point of a funding cliff. The newest Pulse of Fintech report by KPMG
confirmed that in 2023, world investments in monetary expertise fell by $85
billion to $113.7 billion.
Switzerland to Grow to be
Main VC Ecosystems in Europe
A number of key
tendencies again the Founderful thesis on investing in Swiss startups. Firstly, Switzerland
has maintained its place because the chief within the International 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 Accomplice at Aventis Advisors
“Founderful’s
initiative to lift $120 million for Swiss tech and AI startups could 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 Accomplice at Aventis Advisors.
Secondly, The
attraction of main expertise companies to Switzerland is notable, with Google
housing its largest tech workplace exterior the U.S. there, using 5,000
builders. Different tech giants like Disney, Nvidia, Meta, Huawei, and Intel have
not too long ago expanded their R&D groups in Switzerland.
“When
our information, Switzerland has been on the rise as one in every 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 a better density of
billion-dollar tech startups per capita than some other European nation. Newly
profitable unicorns equivalent to Scandit, Climeworks, and SonarSource, together with
much less seen however profitable ventures like Proton, spotlight Switzerland’s
rising significance within the world B2B expertise sector.
Switzerland additionally stands out as one of the crucial forward-thinking nations when it comes to growing rules for brand spanking new applied sciences and asset lessons.
Zurich-based
enterprise capital agency Wingman Ventures has introduced a 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 supplies early-stage capital and help to bold Swiss
startups. The agency sometimes invests on the pre-seed stage and has made almost
50 investments from its first $60 million fund, backing corporations like Wingtra,
DePoly and Corintis. In whole, Founderful’s portfolio agency have gone on to
elevate over $350 million in further funding.
Alex Stöckl, Accomplice at Founderful
“Switzerland
is without doubt one of the world’s fastest-growing enterprise capital markets,” mentioned Alex
Stöckl, Accomplice at Founderful. “With the worldwide shift in direction of extra advanced
applied sciences fixing a few of our society’s most urgent challenges, it’ll
change into one of many world’s most essential tech hubs.”
Founderful
II is backed by institutional buyers 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 trade companions.
Lukas Weder, Founding Accomplice at Founderful
“Our
recent identification as Founderful displays our goal as a enterprise capital enterprise
to have the deepest understanding of founders and provides them the best degree
of help,” mentioned Lukas Weder, Founding Accomplice at Founderful.
The brand new
fund emerges at a time when European tech and fintech startups discover themselves
on the point of a funding cliff. The newest Pulse of Fintech report by KPMG
confirmed that in 2023, world investments in monetary expertise fell by $85
billion to $113.7 billion.
Switzerland to Grow to be
Main VC Ecosystems in Europe
A number of key
tendencies again the Founderful thesis on investing in Swiss startups. Firstly, Switzerland
has maintained its place because the chief within the International 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 Accomplice at Aventis Advisors
“Founderful’s
initiative to lift $120 million for Swiss tech and AI startups could 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 Accomplice at Aventis Advisors.
Secondly, The
attraction of main expertise companies to Switzerland is notable, with Google
housing its largest tech workplace exterior the U.S. there, using 5,000
builders. Different tech giants like Disney, Nvidia, Meta, Huawei, and Intel have
not too long ago expanded their R&D groups in Switzerland.
“When
our information, Switzerland has been on the rise as one in every 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 a better density of
billion-dollar tech startups per capita than some other European nation. Newly
profitable unicorns equivalent to Scandit, Climeworks, and SonarSource, together with
much less seen however profitable ventures like Proton, spotlight Switzerland’s
rising significance within the world B2B expertise sector.
Switzerland additionally stands out as one of the crucial forward-thinking nations when it comes to growing rules for brand spanking new applied sciences and asset lessons.
