Swiss VC fund Wingman Ventures has closed an $83 million early-stage fund to invest in Swiss startups.
"Swiss founders have traditionally been funded by risk averse, corporate backers and don't understand the broader tech ecosystem," Wingman Ventures partner Alex Stöckl said.Wingman invests in pre-seed and seed stage startups out of Switzerland, where it believes there is a significantly underserved tech ecosystem.
"Swiss founders have traditionally been funded by risk-averse, corporate backers and don't understand the broader tech ecosystem," Stöckl said. "There are good universities, talent, and technical innovation here we just need to open the door for founders." "We are fairly unique in our positioning but we believe there is a great opportunity here," Stöckl added. He said that the fund's deal-flow had been sky-rocketing in recent months and that the fund has already invested in 14 companies, and has also rolled in seven private angel investments into its porfoltio.
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