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Stock impact report

Founderful defies European VC consolidation trend with oversubscribed $140m Fund II [Yahoo! Finance]

Duolingo, Inc. - Class A (DUOL) 
Company Research Source: Yahoo! Finance
Zurich, Nov. 14, 2024 (GLOBE NEWSWIRE) -- As Europe's venture capital market grapples with widespread consolidation and emerging manager buyouts, Founderful has closed an oversubscribed $140 million Fund II. The fund's success stands in stark contrast to the broader market, where many emerging managers face mounting pressure to consolidate or struggle with depleted dry power. Founderful's proven thesis on Swiss tech and talent has already seen Fund II back 15 companies featuring breakthrough technologies, from Chiral Nano's alternative silicon chips to Eigthinks' advances in lithium-ion batteries. This momentum builds on Founderful's track record with $90m Fund I, which has been fully deployed across 40 startups. These investments have already demonstrated remarkable results, with portfolio companies creating over 1,100 jobs and securing more than $450 million in follow-on funding from leading international venture firms. Notable successes include manufacturing analytics startup Et Show less Read more
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