TLDR: Zurich-based venture capital firm Wingman Ventures has rebranded as Founderful and launched a $120 million second fund to invest in Swiss tech startups. The company has already raised $85 million towards the fund’s target. Founderful typically invests at the pre-seed stage and has backed companies such as Wingtra, DePoly, and Corintis. The new fund aims to focus on startups in areas like robotics, artificial intelligence, computer vision, and material sciences. Switzerland has maintained its position as the leader in the Global Innovation Index for 13 years, and major technology firms like Google have expanded their presence in the country. Switzerland also has a higher density of billion-dollar tech startups per capita than any other European country.
Key elements:
- Zurich-based venture capital firm Wingman Ventures has rebranded as Founderful and launched a $120 million second fund for Swiss tech startups.
- Founderful typically invests at the pre-seed stage and has made nearly 50 investments from its first fund of $60 million.
- The new fund aims to focus on startups in areas like robotics, artificial intelligence, computer vision, and material sciences.
- Switzerland has maintained its position as the leader in the Global Innovation Index for 13 years and has a higher density of billion-dollar tech startups per capita than any other European country.
- Major technology firms like Google have expanded their presence in Switzerland.
Switzerland’s venture capital market has been growing rapidly and is becoming one of Europe’s fastest-growing ecosystems. The country’s strong focus on technology, knowledge, and creativity has contributed to its success. Switzerland is also known for its robust research institutions and high number of patents per capita. Major technology firms like Google, Disney, Nvidia, and Intel have expanded their teams in Switzerland, further establishing its position as an important tech hub.
Founderful’s initiative to raise $120 million for Swiss tech and AI startups has generated excitement in the venture capital market. With Switzerland’s booming venture capital market and robust research institutions, the potential for building successful startups is immense. Switzerland’s forward-thinking approach to developing regulations for new technologies and asset classes further adds to its attractiveness as a startup ecosystem.
