TLDR:
- 14Peaks has raised $30 million for their inaugural fund from family offices and high-net-worth individuals.
- The fund focuses on investing in business-to-business software providers in the fintech and future of work sectors.
14Peaks, a Swiss venture capital firm founded by Edoardo Ermotti, has closed its inaugural fund after raising $30 million from a group of family offices and high-net-worth individuals. Ermotti has deliberately kept a tight circle of limited partners who not only provide capital but also bring relevant experience and contacts to support the portfolio companies. The fund, which was launched in 2022, has already added 11 companies to its portfolio, with a focus on fintech and the future of work in the business-to-business software industry.
Early investments by 14Peaks include Rain, a US fintech company that provides salary advances to employees, and Threatfabric, a Dutch cybersecurity specialist. Both companies have praised 14Peaks for their hands-on and proactive approach in helping them scale and succeed in their respective markets. Ermotti believes that the support and expertise provided by 14Peaks’ limited pool of investors are key factors that attract founders to the fund, with many start-ups now prioritizing this type of support over the size of investment.
The fund has reserved 30% of its capital for potential follow-on investments, with plans to invest an average of $750,000 in 25 portfolio companies. Future expansion plans include establishing a presence in the US to better support American businesses in the portfolio and European companies looking to expand into the US. Ermotti is optimistic about the future of 14Peaks and the value they can provide to their portfolio companies with the help of their curated network of investors.
