Forestay: Europe’s New $220M AI-Focused VC Fund

Forestay, a Geneva-based venture capital firm, has recently closed its second fund, Forestay Capital II, securing a substantial $220 million.

• Fund Overview: Forestay Capital II closed at a hard cap of $220 million, signaling a focused commitment to AI and enterprise startups.

• Investment Strategy: The fund specializes in leading growth rounds typically ranging from $10 million to $15 million, targeting companies at their pivotal growth stages.

• Portfolio Highlights: Forestay has already backed 13 companies, including notable successes like Scandit and Nexthink, with three achieving unicorn status and two being acquired.

• Geographical Reach: Beyond Switzerland, Forestay is expanding into Southern Europe's emerging tech scene.

Forestay’s recent fund closure marks a significant milestone in driving innovation and growth across Europe's enterprise technology sector.