HomeSwitzerland14Peaks Closes Inaugural Fund, at $30M

14Peaks Closes Inaugural Fund, at $30M

Edoardo Ermotti
Edoardo Ermotti (uncredited/Source: 14Peaks Capital website)

14Peaks Capital, a Cham, Switzerland-based venture capital firm, closed its first fund, at $30m.

Limited partners (LPs) included High Net Worth Individuals (HNIWs) and family offices spanning Europe and the United States. 

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, ranging from data collaboration and workflow automation, to payment software and fraud detection. 

The team is already investing out of its first fund and has 11 companies in its portfolio to date. These include US-based HR/Payment platform Rain (who last year raised $66M in a Series A round), finance and accounting platform FlowFi (who recently announced its $9 million seed round) and Switzerland-based data collaboration company Tune Insight among others. 

Looking ahead, the firm aims to expand its portfolio to a total of 25 companies out of its first fund over the coming years.

Before founding 14Peaks, Edoardo Ermotti began investing as a business angel in 2019. To date, he has supported over 25 companies and has selectively invested in funds as a limited partner. Concurrently, Ermotti gained experience at a mid-market private equity firm in London. Subsequently, Ermotti transitioned to a family office, initially based in Switzerland and later in the US, where he spearheaded the development and leadership of the early-stage investment division. 

In addition to access to its LPs, 14Peaks works closely with its portfolio companies to accelerate traction through targeted go-to-market strategies, recruitment, and general company building efforts.

14Peaks Capital AG has a team in Switzerland. Plans are underway for team expansion in the United States later this year, with strategic hires focused on enhancing market coverage.

VCWire

30/05/2024