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Switzerland’s Wingman Ventures rebrands to Founderful, aims for a $120M fund
Wingman Ventures is seeking the best of Switzerland's startups and its diverse portfolio already ranges from mobile commerce to robotics. The Zurich-based Wingman Ventures, the Zurich-based pre-seed-stage venture capital firm that focuses on Swiss startups, announced today it is rebranding as Founderful. It has also raised $85 million for its new Fund II, with a target of closing $120 million in the next few months.
The fund’s backers include institutional investors, family offices and founders from unicorns like Duolingo, Climeworks, GetYourGuide, Delivery Hero and Scandit. Founding partner Alex Stöckl tells TechCrunch that when Founderful finished raising its first $90 million fund in 2020, it was Switzerland’s first dedicated independent venture capital firm, investing only at the pre-seed stage. “With this, from day one to the other we disrupted old-fashioned business angels, accelerator and incubator programs and family offices that would hand founders unfavorable terms, cause early over-dilution and tone down ambition levels to cater to their conservative risk-return profiles,” he says.
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