TLDR:
– Forestay Capital closed its second fund at $220 million, targeting European enterprise AI and SaaS startups.
– The firm focuses on high-conviction investments in early-growth companies, with successful exits and a strong track record.
Forestay Capital, a European venture capital (VC) firm specializing in fast-growing enterprise technology companies, has closed its second fund at $220 million. The fund, called Forestay II, will focus on investments in the Enterprise Artificial Intelligence (AI) and Software as a Service (SaaS) sectors, targeting early-growth companies with high-conviction investments. The firm has a successful track record with its first fund, Forestay I, which invested in 13 companies with three achieving unicorn status and two experiencing successful acquisitions. Forestay II has already started investing in startups like Veriti and Neural Concept in the enterprise AI space. The firm leverages its experience and networks to support its portfolio companies for success. With the backing of prominent family offices, Forestay Capital is well-positioned to identify and nurture the next generation of European technology leaders.
