14Peaks’ inaugural fund has closed with $30 million raised from a combination of family offices and high-net-worth individuals.
Edoardo Ermotti, the founder of this Swiss venture capital firm, sought
to recruit a relatively tight circle of limited partners – a select group with relevant experience and
contacts for portfolio companies as well as capital to offer.
Although the fund has only formally closed this month, Ermotti has been raising money since 2022,
when 14Peaks was launched, and has already added 11 companies to the portfolio. The fund’s
focus is on business-to-business software providers in two verticals – financial technology (fintech)
and the future of work.
Early investments include a stake in Rain, the US fintech which works with employers to offer staff
advances on salary for hours they have already worked, and Threatfabric, a Dutch cybersecurity
specialist.
https://www.forbes.com/sites/davidprosser/2024/04/23/14peaks-raises-30-million-to-back-fintech-and-the-future-of-work/?sh=456b0cc592b8
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