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Today: October 2, 2024
April 23, 2024
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14Peaks Launches $30M Fund to Fuel Fintech Software Startups

TLDR:

  • 14Peaks Capital closed its inaugural $30M fund for B2B SaaS companies in Fintech and the Future of Work space.
  • The fund focuses on investing in proprietary technology and building strong defensible moats.

Venture capital firm 14Peaks Capital has closed its first fund at $30 million, receiving capital commitments from High Net Worth Individuals and family offices in Europe and the United States. Established in 2022 by Edoardo Ermotti, the fund invests in early-stage B2B SaaS companies, with a specific interest in Fintech and the Future of Work. The team has already invested in 11 companies, including Rain, FlowFi, and Tune Insight. 14Peaks is focused on investing in proprietary technology to build strong defensible moats in the B2B landscape driven by AI.

Founder Edoardo Ermotti took a unique approach to fundraising by raising from a select group of seasoned executives and entrepreneurs to create a closer, stronger relationship between GPs, LPs, and founders. The fund works closely with portfolio companies to accelerate traction through targeted strategies and helps companies expand beyond their domestic markets. 14Peaks aims to expand its portfolio to 25 companies over the coming years.

Portfolio founders have seen positive results from the close collaboration with 14Peaks, with access to extensive networks and valuable investor connections. The fund plans to expand its team into the United States and maintain a concentrated focus on demonstrating the efficacy of their unique model to both LPs and founders.

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