Venture capital firm 14Peaks Capital has successfully closed its first fund at $30 million in capital commitments from an impressive consortium of limited partners (LPs), consisting of influential High Net Worth Individuals (HNIWs) and family offices spanning Europe and the United States.
Established in 2022 by Edoardo Ermotti, the fund’s solo General Partner (GP), 14Peaks 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. These include US-based HR/Payment platform Rain (who last year raised $66M in a Series A round), finance and accounting platform FlowFi (who recently announced its $9 million seed round) and Switzerland-based data collaboration company Tune Insight among others.
At a time when AI continues to drive rapid change in the B2B landscape, sparking first-mover competition between established and new founders to bring the power of this new technology to business operations, 14Peaks is laser-focused on investing in proprietary technology that has the potential to build strong defensible moats. Against this backdrop, 14Peaks’ focus across Fintech and the Future of Work is expansive, ranging from data collaboration and workflow automation, to payment software and fraud detection.
Edoardo Ermotti wanted to create a closer, stronger relationship between GPs, LPs, and founders by raising from an intimate circle of highly-vetted, seasoned executives and entrepreneurs who could take a more active role in supporting portfolio founders, exchanging ideas, and co-investing with people they trust.
This news story relied on a press release distributed by News Direct. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is 14Peaks Closes Inaugural $30M Fund to Power Software Startups in Fintech and Future of Work Space.