202423 Apr

Swiss venture capital firm 14Peaks closed its inaugural fund of over €28 million to power software startups in fintech

Summary

Established in 2022 by Edoardo Ermotti, the fund’s solo General Partner (GP), 14Peaks invests at the earliest stages (from pre-seed to series A) in B2B SaaS companies, with a specific interest in Fintech and the Future of Work. These include US-based HR/Payment platform Rain, finance and accounting platform FlowFi and Switzerland-based data collaboration company Tune Insight among others At a time when AI continues to drive rapid change in the B2B landscape, sparking first-mover competition between established and new founders to bring the power of this new technology to business operations, 14Peaks is laser-focused on investing in proprietary technology that has the potential to build strong defensible moats. Over the years, he regularly co-invested alongside HNWIs and Family Offices who all shared the same view: they were progressively less interested in allocating their capital to funds with hundreds of Limited Partners (LPs). Ever since we met them, the team has rolled up their sleeves and been very hands-on and proactive in transforming us into an organisation that can truly scale in an emerging market.” Edoardo Ermotti, added: We’re looking forward to diving back in and supporting our founders as they chase their visions. In the meantime, Edoardo Ermotti and the team’s top priority is maintaining a concentrated focus on demonstrating the efficacy of their unique model, not only to their LPs, but, crucially, to their founders.

Source: Eu-startups

Funding

$30.57M
Amount
Apr 23 2024
Date
-
Investor
14Peaks
Company

Classifications

Companies