Forestay Capital

Forestay Capital is a Switzerland-based venture capital firm specializing in early-growth stage investments in technology companies. The firm focuses on sectors such as enterprise AI, SaaS, data infrastructure, cybersecurity, and process automation, targeting companies that are at inflection points in their growth trajectories. Forestay Capital operates as part of B-FLEXION, an entrepreneurial private investment firm founded by Ernesto Bertarelli, and is managed by Forestay Capital Management Ltd in Jersey, advised by Forestay Capital SA in Geneva.

The firm's investment strategy involves providing growth capital to category-defining companies, typically investing between $10 million and $20 million per startup. Forestay Capital has a concentrated portfolio approach, actively supporting its portfolio companies from early revenue stages to market leadership across various industries. The firm has made notable investments in companies such as Neural Concept, Veriti, Convelio, Stratio, Howspace, K2View, Scandit, Zenjob, Kandou, vCita, Icometrix, Wasabi, Fornova, Nexthink, Manta, BlueBotics, and Mobeewave.

In August 2024, Forestay Capital closed its second fund, Forestay II, at $220 million. This fund focuses on early-growth stage investments in enterprise AI, data infrastructure, cybersecurity, and process automation companies across Europe and Israel. The firm targets investments in early-growth stage companies (typically in Series A-C rounds) across Europe, Israel, and the East Coast of the United States, with plans to make 10 to 15 new investments in a range of $10 million to $15 million per startup. The close of Forestay II is evidence of the success of the firm's investment strategy, underscored by a hands-on approach in its commitment to make high-conviction investments.

Forestay Capital's team includes Managing Partner Frederic Wohlwend, who has a background as Chief Digital Officer at Serono and Merck KGaA, and Partner Deborah Pittet, who previously spent five years in the private equity team at Pictet, focusing on investments across diverse sectors such as technology, industrial, healthcare, consumer, and leisure in the Nordics and the UK. The firm's offices are located in Geneva, London, Jersey, and Dublin, reflecting its international presence and commitment to supporting technology companies across multiple regions.