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Forestay Capital

Europe, Geneve, Switzerland, Genève

Description

Forestay Capital is a prominent technology-focused venture capital firm based in Geneva, Switzerland, operating as part of Waypoint Capital, the business enterprise of the Bertarelli family. The firm is dedicated to investing in innovative, forward-looking industries within the tech sector, reflecting Waypoint's strategic focus. With a strong European and US presence, Forestay Capital positions itself as a significant player in the growth-stage technology investment landscape.

The firm's investment strategy centers on supporting companies that have already demonstrated product-market fit and possess strong customer traction, indicating readiness for significant scaling. Forestay Capital primarily targets Series B and C funding rounds, seeking out businesses with proven products and a clear path to expansion. Their typical first cheque size ranges from $10 million to $50 million, indicating a focus on substantial growth equity rather than early-stage seed or Series A investments.

Forestay Capital exhibits a broad interest across various high-growth technology sectors. Their portfolio includes companies specializing in enterprise software, Software-as-a-Service (SaaS) solutions, cybersecurity, fintech, artificial intelligence (AI) and machine learning (ML), data analytics, and digital health. Beyond capital infusion, Forestay emphasizes a partnership approach, leveraging the extensive network and resources of Waypoint Capital to provide strategic guidance, operational support, and access to key industry connections for their portfolio companies. This hands-on approach aims to accelerate the growth and market penetration of their investments, fostering long-term value creation.

Investor Profile

Forestay Capital has backed more than 24 startups, with 2 new investments in the last 12 months alone. The firm has led 13 rounds, about 54% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Series A rounds (top funding stages).
  • Majority of deals are located in Switzerland, United States, Germany.
  • Strong thematic focus on Information Technology, Software, Machine Learning.
  • Led 1 rounds in the past year.
  • Typical check size: $10M – $50M.

Stage Focus

  • Series B (38%)
  • Series C (29%)
  • Series A (17%)
  • Series D (13%)
  • Series Unknown (4%)

Country Focus

  • Switzerland (29%)
  • United States (25%)
  • Germany (13%)
  • United Kingdom (13%)
  • France (4%)
  • Belgium (4%)
  • Portugal (4%)
  • Finland (4%)
  • Canada (4%)

Industry Focus

  • Information Technology
  • Software
  • Machine Learning
  • Analytics
  • Cloud Computing
  • Cloud Data Services
  • Cloud Storage
  • Database
  • Employment
  • Human Resources
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Forestay Capital frequently co-invest with?

DT
Europe, Zurich, Switzerland, Zürich
Co-Investments: 2
Co-Investments: 2
FF
North America, Massachusetts, United States, Cambridge
Co-Investments: 2
Acton Capital
Europe, Bayern, Germany, München
Co-Investments: 3
Kreos Capital
Europe, England, United Kingdom, London
Co-Investments: 4
Atlantic Labs
Europe, Berlin, Germany, Berlin
Co-Investments: 2
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 3
Swisscom Ventures
Europe, Zurich, Switzerland, Zürich
Co-Investments: 4
Columbia Lake Partners
Europe, England, United Kingdom, London
Co-Investments: 2
AXA Venture Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 2

Which angels does Forestay Capital often collaborate with?

GD
North America, Massachusetts, United States, Lexington
Shared Deals: 1
EB
Europe, Bern, Switzerland, Gstaad
Shared Deals: 1
RS
North America, Massachusetts, United States, Essex
Shared Deals: 1
OP
North America, New York, United States, New York
Shared Deals: 1
DF
Europe, Argyll and Bute, United Kingdom, Newyork
Shared Deals: 1
EK
Europe, Hlavni mesto Praha, Czech Republic, Prague
Shared Deals: 1
HC
North America, Massachusetts, United States, Boston
Shared Deals: 1

What are some of recent deals done by Forestay Capital?

Datavations

New York, New York, United States

Datavations is a commerce enablement software in the manufacturing ecosystem.

Enterprise SoftwareInformation Technology
Series AJul 15, 2025
Amount Raised: $17,000,000
Buynomics

Cologne, Nordrhein-Westfalen, Germany

End-to-end revenue optimization

Machine LearningSaaSSoftware
Series BMar 20, 2025
Amount Raised: $30,000,000
Luminance

Cambridge, Cambridgeshire, United Kingdom

Luminance provides an AI-powered platform for contract generation, negotiation, and post-execution analysis using legal-focused models.

Artificial Intelligence (AI)Contact ManagementLegalLegal Tech
Series CFeb 18, 2025
Amount Raised: $75,000,000
Neural Concept

Lausanne, Vaud, Switzerland

Neural Concept is a development platform that enables handling of data pipelines, 3D machine learning models, and optimization campaigns.

ComputerIndustrial AutomationMachine LearningSoftware
Series BJun 3, 2024
Amount Raised: $27,000,000
Wasabi Technologies

Boston, Massachusetts, United States

Wasabi is a cloud storage company delivering cost effective and secure cloud storage solutions.

Cloud ComputingCloud Data ServicesCloud StorageDatabaseInformation Technology
Series DSep 27, 2022
Amount Raised: $125,000,000
Manta

New York, New York, United States

The world’s innovator in data lineage.

Business IntelligenceData VisualizationInformation Technology
Series BMay 26, 2022
Amount Raised: $35,000,000
Convelio

Paris, Ile-de-France, France

Convelio is a shipping and logistics company that offers packaging, transportation, freight-forwarding, and delivery services.

ArtFreight ServiceLogisticsShipping
Series BMar 7, 2022
Amount Raised: $35,000,000
Zenjob

Berlin, Berlin, Germany

Zenjob is a staffing marketplace that matches workers with temporary side jobs.

EmploymentHuman ResourcesRecruitingStaffing Agency
Series DFeb 22, 2022
Amount Raised: $50,980,525
Scandit

Zürich, Zurich, Switzerland

Scandit is a technology platform that offers smart data capture and barcode scanning software solutions for its users.

Augmented RealityImage RecognitionMachine LearningMobile AppsSoftware
Series DFeb 9, 2022
Amount Raised: $150,000,000
Stratio

Lisbon, Lisboa, Portugal

The world’s #1 predictive fleet maintenance platform.

Artificial Intelligence (AI)AutomotiveBig DataFleet ManagementLogisticsMachine LearningSaaSTransportation
Series ANov 29, 2021
Amount Raised: $12,000,000