Founderful raises $140M fund as Switzerland vies for Europe’s tech top spot

Quick Summary:

Zurich-based venture capital firm Founderful has raised $140mn in its second fund — $20mn more than its target and a strong sign of investor confidence in Switzerland’s flourishing tech ecosystem.   First announced back in February, the fund has already invested in 15 early-stage startups.

These include Chiral Nano, which develops nanomaterials for silicon chips, and 8inks, which is rejigging the lithium-ion battery.

Founderful — formerly Wingman Ventures — was launched in 2019 by Pascal Mathis, the co-founder of local travel marketplace unicorn GetYourGuide, Eat.ch co-founder Lukas Weder and Alex Stöckl, former exec at Creathor Ventures.

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Article Details

Author / Journalist: Siôn Geschwindt

Category: Technology

Markets: NetherlandsSouth AfricaSwitzerland

Topics: Startups and technology Artificial Intelligence Ecosystems Next Featured Investors and funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 22:50:25 (21 hours ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 652 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Next Web

News ID: 23600111

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