Switzerland’s Wingman Ventures, Now Rebranded as Founderful, Aims for $120M Fund Target
Founderful, formerly known as Wingman Ventures, is a venture capital firm based in Zurich that is actively engaged in the startup scene. The firm has already achieved notable success with two exits: Insightness, which was acquired by Sony, and Bring! Labs, acquired by Swiss Post. With its first fund, Founderful invested $60 million across 40 startups, generating over a thousand jobs and attracting more than $350 million in additional funding in just three years.
Supporting Switzerland’s Finest Startups across Industries
Founderful has set its focus on supporting some of Switzerland’s best startups across various industries, including mobile commerce and robotics. The firm is currently in the process of raising its second fund, aiming for $85 million and targeting a goal of $120 million. The funds are backed by notable institutional investors, family offices, and founders from successful unicorns.
Disrupting Traditional Investment Norms and Offering Favorable Terms to Founders
What sets Founderful apart is its commitment to disrupting traditional investment norms. The firm offers favorable terms to founders, ensuring that early over-dilution is avoided and ambition levels are kept high. Since its establishment in 2019 by a group of renowned entrepreneurs, Founderful has made nearly 50 investments, with a focus on areas such as robotics, AI, and clean tech. A significant portion of its entrepreneur base comes from top Swiss universities and successful startups.
Fund II Provides Support for Pre-Seed and Seed-Stage Startups
The second fund, Fund II, will provide checks of $1 million for pre-seed and up to $2 million for seed-stage startups. Founderful has already begun investing in various technology sectors with this fund. Startups that choose to work with Founderful can benefit from the firm’s comprehensive support and valuable connections to both the Swiss ecosystem and the international venture capital community. Founderful is an attractive option for ambitious founder teams seeking funding and support in Switzerland each year.
Analyst comment
Positive news: Switzerland’s Wingman Ventures, now rebranded as Founderful, is focusing on a $120M fund target. With its first fund, Founderful invested $60 million across 40 startups, creating over a thousand jobs and garnering more than $350 million in additional funding in just three years. The second fund, Fund II, will provide checks of $1 million for pre-seed and up to $2 million for seed-stage startups. Founderful offers favorable terms to founders and valuable connections to the Swiss and international venture capital community. The market is expected to benefit from increased funding opportunities and support for ambitious founder teams in Switzerland.
