Forestay Capital, established by B-FLEXION, has announced the successful closure of its second investment fund, Forestay Capital II ILP, with $220 million in commitments. This fund will concentrate on enterprise AI and SaaS companies, furthering Forestay's dedication to nurturing growth-stage startups.

Fund Background and Strategy

Founded by B-FLEXION, the private investment firm of the Bertarelli family known for their success with biotech giant Serono, Forestay Capital specializes in enterprise technology investments. The new fund targets $10-15 million early growth investments, focusing on supporting visionary teams at critical growth junctures to drive accelerated expansion.

Investment Focus and Achievements

Forestay II will prioritize investments in enterprise AI and SaaS, already collaborating with startups like cybersecurity firm Veriti and engineering intelligence company Neural Concept. The firm's first fund supported 13 companies, including Wasabi, Nexthink, Scandit, and K2View, with three achieving unicorn status and two being acquired.

Market Impact and Future Plans

With a hands-on investment approach and strategic focus, Forestay aims to cultivate leaders in the enterprise AI and SaaS sectors. The fund's success is bolstered by major European family offices, including Anaïs Ventures from the Firmenich family. Forestay II will invest in companies across Europe and Israel, targeting Series B rounds to foster innovation and scale.

The $220 million closure of Forestay Capital II underscores the firm's commitment to advancing enterprise AI and SaaS growth. Through strategic investments and a concentrated portfolio, Forestay is set to continue driving technological advancements and supporting high-potential startups.