Observed Signal · Nov 14, 2024 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Swiss VC Founderful Launches Oversubscribed $140M Fund II
Swiss venture capital firm Founderful has closed an oversubscribed $140 million second fund (Fund II), despite a challenging period for the European VC market. The fund will continue Founderful's strategy of leading first financing rounds in Swiss technology startups, building on the track record of its $90 million Fund I, which was fully invested in 40 companies. Those investments have created more than 1,100 jobs and attracted over $450 million in follow-on financing from international investors. Portfolio companies include manufacturing analytics startup Ethon AI, chip-cooling firm Corintis, and plastic recycling specialist DePoly. Fund II is backed by institutions, family offices, and founders of global unicorns including Duolingo, Climeworks, GetYourGuide, On, Proton, and Scandit. Founderful, founded in 2019, aims to expand its position as Switzerland's leading pre-seed investor, citing Switzerland's top ranking in the Global Innovation Index and its concentration of tech talent.
A Swiss pre-seed VC firm raised an oversubscribed $140M Fund II, signaling continued investor confidence in the European tech ecosystem. The fund is not specifically focused on AdTech or MarTech, limiting its direct industry impact.
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Key Takeaways & Evidence Grounding
- Founderful launched an oversubscribed $140 million second fund (Fund II).
- The first fund raised $90 million and was fully invested in 40 startups.
- Fund I investments created over 1,100 jobs and secured more than $450 million in follow-on financing.
- Portfolio companies include Ethon AI, Corintis, and DePoly.
- Founderful was founded in 2019 and focuses on leading pre-seed rounds in Swiss technology.
Connected Companies & Entities
10 Entities mapped“Fund II is supported by founders of global unicorns including Duolingo, Climeworks, GetYourGuide, On, Proton, and Scandit....”
“Fund II is supported by founders of global unicorns including Duolingo, Climeworks, GetYourGuide, On, Proton, and Scandit....”
“Fund II is supported by founders of global unicorns including Duolingo, Climeworks, GetYourGuide, On, Proton, and Scandit....”
“Fund II is supported by founders of global unicorns including Duolingo, Climeworks, GetYourGuide, On, Proton, and Scandit....”
“Switzerland has attracted big-tech companies such as Google, Disney, Nvidia, Meta, Huawei, and Intel, which have expanded their local R&D te...”
“Switzerland has attracted big-tech companies such as Google, Disney, Nvidia, Meta, Huawei, and Intel, which have expanded their local R&D te...”
“Switzerland has attracted big-tech companies such as Google, Disney, Nvidia, Meta, Huawei, and Intel, which have expanded their local R&D te...”
“Switzerland has attracted big-tech companies such as Google, Disney, Nvidia, Meta, Huawei, and Intel, which have expanded their local R&D te...”
“Switzerland has attracted big-tech companies such as Google, Disney, Nvidia, Meta, Huawei, and Intel, which have expanded their local R&D te...”
“Switzerland has attracted big-tech companies such as Google, Disney, Nvidia, Meta, Huawei, and Intel, which have expanded their local R&D te...”
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