Founderful was launched in 2019 by Pascal Mathis, co-founder of GetYourGuide, and Lukas Weder, co-founder of Eat.ch. The firm has made nearly 50 investments over the last four years, including eight Swiss investments in 2023. Its first fund invested $60 million into 40 startups, which raised an additional $350 million in funding over three years. The firm's second fund will typically invest $1 million for pre-seed stage startups and up to $2 million for seed-stage startups, focusing on the B2B software and industrial spaces.
Key takeaways:
- Wingman Ventures, a Zurich-based venture capital firm, is rebranding as Founderful and has already raised $85 million for its new Fund II, with a target of closing $120 million in the next few months.
- The firm focuses on pre-seed startups and its diverse portfolio ranges from mobile commerce to robotics, with backers including institutional investors, family offices and founders from unicorns like Duolingo, Climeworks, GetYourGuide, Delivery Hero and Scandit.
- Founderful has made almost 50 investments over the last four years, with its Fund I investing $60 million into 40 startups, creating over 1,000 jobs and raising additional funding of over $350 million in three years.
- Founderful has already started investing capital from Fund II in various startups, including alternative silicon chips maker Chiral Nano, ESG reporting platform Nala Earth, security robotics startup Ascento, and manufacturing robotics company Saeki.