14Peaks Capital set to invest $30 million in B2B technology startups

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23.04.2024
Edoardo Ermotti

With the closing of its first fund, Swiss venture capital firm 14Peaks Capital with a portfolio of 11 startups, has secured new resources to inject in early stage software startups in fintech and future of work. The round was supported by a consortium of limited partners, consisting of influential High Net Worth Individuals and family offices spanning Europe and the United States. 

Established in 2022 by Edoardo Ermotti, 14Peaks Capital invests at the earliest stages from pre-seed to series A in B2B SaaS companies, with a specific interest in Fintech and the Future of Work. The team is already investing out of its first fund and has 11 companies in its portfolio to date, including Switzerland-based companies, Tune Insight and Instimatch Global as well as US-based HR Rain, Canada-based FlowFi and others. 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.

Reaching the $30 million target for 14Peaks’ Fund I sets the firm on a new trajectory to facilitate the current adoption of artificial intelligence-based solutions in the B2B landscape. The firm is laser-focused on investing in proprietary technologies across Fintech and the Future of Work, ranging from data collaboration and workflow automation to payment software and fraud detection. 

A trusted consortium of LPs and HNWIs
Alongside Edoardo Ermotti, the firm's solo General Partner (GP), 14Peak’s financing round was supported by a close network of limited partners (LPs) and influential High Net Worth Individuals (HNWIs) and family offices from Europe and the United States. In addition to access to its all-star assembly of LPs, 14Peaks works closely with its portfolio companies to accelerate traction through targeted go-to-market strategies, recruitment, and general company building efforts. It will as such only invest in companies where there is a clear pathway for their engagement to generate additional value.  

Before founding 14Peaks, Edoardo Ermotti was a business angel and has to date supported over 25 companies. He also selectively invested in funds as a limited partner. Concurrently, he gained experience at a mid-market private equity firm in London before transitioning to a family office, initially based in Switzerland and later in the US, where he spearheaded the development and leadership of the early-stage investment division. The relationships cultivated during his previous roles were instrumental to the success of Fund I, which comprises a carefully curated group of highly-vetted, seasoned executives and entrepreneurs who can take a more active role in supporting portfolio founders. This allows for valuable knowledge sharing, idea exchange, and co-investment opportunities with people they know and trust.

“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.” 

Edoardo Ermotti is the son of UBS Group CEO Sergio Ermotti. In a recently published interview in 20 Minuten (in German), Edoardo Ermotti talks about his education and the relationship to his father. 

(Press release/RAN)

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