Venture capital firm 14Peaks Capital has successfully closed its first fund at $30 million in capital commitments from a consortium of High-net-worth individuals (HNWIs,) limited partners (LPs) and family offices spanning Europe and the US.
Established in 2022, 14Peaks invests in Pre-Seed to Series A B2B SaaS companies, specifically interested in Fintech and the Future of Work.
It has 11 companies in its portfolio to date ranging from data collaboration and workflow automation, to payment software and fraud detection.
14Peaks founder Edoardo Ermotti began investing as a business angel in 2019. To date, he has supported over 25 companies and has selectively invested in funds as a limited partner.
Concurrently, he gained experience at a mid-market private equity firm in London. Subsequently, he transitioned 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.
He 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.
Ermotti shared:
“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.
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.”
With a base in Europe and a vast network in the US, the fund also helps companies expand beyond their domestic markets.
“14Peaks has been an incredibly supportive investor. Ever since we met them, the team has rolled up their sleeves and been very hands-on and proactive in transforming us into an organisation that can truly scale in an emerging market,” said Han Sahin, the co-founder of a Netherlands-based cybersecurity company, Threatfabric, that 14Peaks invested in last year.
Looking ahead, 14Peaks aims to expand its portfolio to a total of 25 companies out of its first fund.
Lead image: 14Peaks founder Edoardo Ermotti. Photo: uncredited.
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