Swiss VC firm 14Peaks Capital has closed its first fund at $30 million in capital commitments from a consortium of limited partners (LPs), High Net Worth Individuals (HNIWs), and family offices spanning Europe and the US.
14Peaks invests at the earliest stages ranging from pre-seed to series A in B2B SaaS companies. It focuses on fintech and the future of work, ranging from data collaboration and workflow automation to payment software and fraud detection.
With a base in Europe and a vast network in the US, the fund also helps companies expand beyond their domestic markets, whether venturing overseas from the EU to the US or across Europe.
US expansion on cards
The VC firm was established in 2022 by Edoardo Ermotti, the fund’s solo General Partner (GP). Before establishing this firm, Edoardo began investing as a business angel in 2019. To date, he has supported over 25 companies and has selectively invested in funds as a limited partner. At the same time, he gained experience at a mid-market private equity firm in London, which led to the transition to a family office, initially based in Switzerland and later in the US.
14Peaks Capital AG has a team in Switzerland. Plans are underway for team expansion in the United States later this year, with strategic hires focused on enhancing market coverage. The collective team brings forth deep experience in investing and supporting founders across various stages and verticals in Europe and the US, with a primary emphasis on B2B SaaS and fintech.
Portfolio of investments
14Peaks Capital has already started investing from its first fund. It has backed 11 companies to date, including US-based HR/Payment platform Rain, finance, and accounting platform FlowFi, and Switzerland-based data collaboration company Tune Insight.
The company aims to expand its portfolio to a total of 25 companies out of its first fund over the coming years. In the meantime, Edoardo Ermotti and the team’s top priority is maintaining a concentrated focus on demonstrating the efficacy of their unique model, not only to their LPs but, crucially, to their founders.
“When I started 14Peaks Capital, I wanted to shake things up in how GPs and LPs work together. I’ve been on the LP side before, spoke to many GPs, and knew there was room for a different approach,” said Edoardo Ermotti, founder of 14Peaks Capital. “Each of the investors supporting 14Peaks is globally successful in their own right, giving our portfolio founders access, through us, to this curated hub of extensive experience and networks.”
“14Peaks has been an incredibly supportive investor. Ever since we met them, the team has rolled up their sleeves and been very hands-on and proactive in transforming us into an organisation that can truly scale in an emerging market,” said Han Sahin, the co-founder of a Netherlands-based cybersecurity company, Threatfabric, that 14Peaks invested in last year.
Alex Bradford, the founder of Rain, an HR platform 14Peaks invested in last year, said: “14Peaks has been a fantastic partner and instrumental to our growth, plugging us into highly-valuable investor networks and boosting our go-to-market by sitting down and helping us craft business development strategies.”
