European Venture Capital Firms Forestay Capital The company has reportedly raised $220 million to invest in startups in enterprise artificial intelligence and software-as-a-service (SaaS) companies.
this This is the venture capital firm’s second fund and will focus on enterprise technology companies, targeting early-stage growth companies and typically making lead investments of $10 million to $15 million. Tech Funding News report Wednesday (July 3rd).
Forestay Capital did not immediately respond to PYMNTS’ request for comment.
The fund, called Forestay II, is already partnering with cybersecurity startups. Verity Engineering Intelligence Startup Neural ConceptAccording to reports.
The firm’s first fund, Forestay I, invested in 13 companies.According to the report:. Three of these companies were recognized as unicorns. and Two acquisitions were made.
“The completion of Forestay II is evidence of the success of our investment strategy and is highlighted by the hands-on approach in our commitment to making high-conviction investments.” Frederick Wohlwend“Our strategic focus has enabled us to cultivate a concentrated portfolio of future category leaders in enterprise AI and SaaS, and with Forestay II we are well poised to continue driving innovation and scale in the space,” said , managing partner at Forestay Capital, in the report.
Reported In June Technology Investments Flowers are beginning to bloom in Europe after two years of drought.
Private tech investors fuel early-stage dealmaking Clendam The firm announced the $544 million fund, which it said was raised in “record time,” following similar-sized deals by Accel Europe ($650 million) and Plural ($544 million).
The market is the most active since 2021, Tom WeheimerLeading a UK venture capital firm AtomicoInsights Team.
“The burden of the peak has not yet been fully lifted, but there are green shoots everywhere,” he said. “We are past the recovery period and getting back into the growth period.”
June 17th, Spanish VC firm K Fund The company has raised $75 million Technology projectsIt aims to support European founders, supporting entrepreneurs working in “foundational technologies” such as “data plays” and “platforms”. layer” said the AI.
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