Fundraising Fox
Forestay Capital
Venture capitalAB-FLEXIONenterprise software fund
London · Series A–Growth · 15 people tracked
Also known as Forestay
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Investment thesis
Forestay focuses on Enterprise AI and SaaS, targeting early-growth stage companies typically raising Series A through C rounds across Europe, Israel, and the US East Coast. It backs companies leveraging AI and data with proprietary technology, scalable business models, and strong management teams, organized around four core investment themes. Forestay seeks to lead rounds, writes $10-20M initial tickets, and reserves substantial capital for follow-ons. The firm conducts disciplined due diligence, comes to conviction quickly, and actively applies its sector and scaling expertise to drive significant growth within roughly five years of investment.
Source: firm website, verified Aug 3, 2026.
Team · 15 people
from the firm's website & curated & public directories
What they invest in
from 23 of 29 portfolio companiesAI & Machine Learning ×14Enterprise Software ×12SaaS ×10Data & Infrastructure ×6Deep Tech ×4Fintech ×4Future of Work ×3Robotics ×3
HQs:United Kingdom×5Switzerland×3United States×2Australia×1Belgium×1Germany×1
Who they back
founder profiles across 14 portfolio companiesFounding team size:solo founder×32 founders×33 founders×74+ founders×1
Where their founders studiedfrom 19 founders with education data
ETH Zürich ×3Massachusetts Institute of Technology ×2University of Cambridge ×2University of Jyväskylä ×2University of Zurich ×2Uppsala University ×2
What their founders studiedfrom 18 founders with field-of-study data
Computer Science ×8Business & Management ×6Economics ×3Engineering ×2Mathematics & Statistics ×2Physics ×2
Where their founders worked beforefrom 17 founders with career history
Intel ×2Uber ×2
Investments · 29 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 42024 · 12022 · 22021 · 12019 · 112 dated
Pivot is an AI operating system for procurement that manages the complete procurement lifecycle in a single platform, built on a modern data layer with real-time ERP connections and AI agents for tasks such as benchmarking, intake requests, and negotiations.
AI & Machine LearningDeep TechDefense TechEnterprise SoftwareFintechHR TechRoboticsSaaS
Paddy(Founder)Malcolm Crease(CEO & Founder)Marc-Antoine Lacroix(Co-founder)Romain Libeau(Co-founder)Estelle Giuly(Co-founder)Stephen Millardin
Co-investorsNotion CapitalA16Z SpeedrunEnterprise Capital FundsCompanyon VenturesEPIC VENTURESFirstMark Capital+1 more
Alven is an independent early-stage venture capital firm that invests in and supports entrepreneurs, with a portfolio that includes companies such as Qonto, Typology, Gorgias, and Yubo.
Sector Agnostic
Co-investorsPeakAccelDag VenturesFlex Capital PartnersSaaStr FundSalesforce Ventures+1 more
BlueBotics develops natural feature navigation technology (ANT) that helps manufacturers of AGVs, automated forklifts, and mobile robots make their vehicles easier to install and operate, primarily for intralogistics and industrial automation.
Advanced ManufacturingDeep TechLogistics & Supply ChainRoboticsLausanne, CH
Nicola Tomatis(CEO)in
Buynomics builds a Virtual Shoppers AI that integrates multiple data sources to predict shopper behavior and support commercial and pricing decisions for enterprises.
AI & Machine LearningRetail TechSaaSSales Tech
Ingo(Founder/Managing Director)Sebastian Baier(Founder)inDr. Ingo Reinhardt(Founder/Managing Director)Anton Von Lampe(COO)inMario Koenigsfeld(VP of Revenue)inPiotr Malinski(VP Engineering)in
Co-investorsAnais VenturesDvH VenturesInsight PartnersLa FamigliaTomahawk.VCVI Partners
Concept Ventures is a dedicated pre-seed venture capital fund focused on early-stage startups, described as Europe's largest of its kind with over $200m in assets under management.
Sector Agnostic
Reece Chowdhry(Founding Partner)in
Co-investorsRLC VenturesAlvenAster CapitalGoldman SachsHTGF
Datavations provides prescriptive data analytics to building materials and home improvement manufacturers, enabling them to optimize operations at store, local market, and SKU levels.
Data & InfrastructureDirect to Consumer
Philip Odelfelt(Founder)inJacob Lucas(Founder)in
Co-investorsMorpheus Ventures
Encord provides a data platform for developing and deploying multimodal AI systems, serving AI development teams at scale across training and production environments.
AI & Machine LearningData & InfrastructureEnterprise SoftwareRoboticsLondon, GB
Ulrik Stig Hansen(Founder)inEric Landau(Founder)inLeeho Lim(Founder)
Co-investorsBright Pixel CapitalCrane Venture PartnersCRV (Charles River Ventures)Next47Sonae IMY Combinator+7 more
Fonoa provides a tax automation platform that calculates taxes, validates tax identifiers, and ensures compliance across 190+ countries and U.S. states.
AI & Machine LearningEnterprise SoftwareFintechSaaSZagreb, HR
Filip Sturman(Founder)inDavor Tremac(Founder)inIvan Ivankovic(Founder)
Co-investorsCoatue ManagementDawn CapitalEurazeoFeldsmith CapitalFJ LabsHeadline+7 more
Fornova provides business intelligence and distribution intelligence software for hotels, OTAs, and travel companies, tracking hotel rates and website data across brand.com, OTA, metasearch, and car rental sites to help them optimize distribution and revenue.
Data & InfrastructureSaaSTravel & HospitalityLondon, GB
Dmitry Babitsky(Founder)inMichael Rubanovich(Founder)in
Co-investorsJAL Ventures Ltd.noaDTCPWaypoint Capital
Howspace is a collaborative learning and enablement platform that helps organizations move from content delivery to active participation, turning strategy into ongoing action through dialogue and shared problem-solving.
EdTechFuture of WorkSaaSJyväskylä, FI
Ilkka MäkitaloinOlli-Pekka Juoperiin
Co-investorsInventureInventureMidinvest Management Oy
Icometrix develops AI-powered medical imaging software for analyzing brain MRI scans to help clinicians diagnose and monitor neurological conditions like Alzheimer's disease, stroke, and traumatic brain injury.
AI & Machine LearningDigital HealthMedical DevicesLeuven, BE
Wim Van Hecke(Founder)in
Co-investorsCapricorn Venture PartnersHeran PartnersOptum Ventures
K2view provides a data management platform built around Micro-Databases, where all data for a single business entity (such as a customer, order, or product) is unified from source systems, isolated, encrypted, and kept in sync.
AI & Machine LearningData & InfrastructureEnterprise SoftwarePlano, US
Achi Rotem(Founder)inRonen Schwartz(CEO)in
Kandou AI develops high-speed, energy-efficient connectivity solutions for semiconductor and AI infrastructure, focusing on reducing system costs to enable scalable AI systems.
AI & Machine LearningDeep TechSemiconductors
Amin Shokrollahi(Founder)
Co-investorsBessemer Venture PartnersDC Investment PartnersKreos CapitalVerve VenturesMaverick SiliconSoftBank Group+1 more
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Luminance provides AI-powered document analysis software for legal investigations, arbitrations, and litigation matters, enabling faster discovery processes and early case assessment through automated search, filtering, and compliance features.
AI & Machine LearningEnterprise SoftwareLegalTechCambridge, GB
Adam Guthrie(Co-Founder and Chief Technical Architect)inDr Graham Sills(Co-Founder and Director of AI)Eleanor Lightbody(Chief Executive Officer)inEmily Foges(Founder)
Co-investorsGTM CapitalMarch Capital PartnersPoint72 VenturesRPS VenturesRuna CapitalNational Grid Partners+1 more
MantaHealth provides an AI-powered platform for healthcare practices that automates insurance eligibility checks, prior authorizations, and patient out-of-pocket cost estimates.
AI & Machine LearningDigital HealthHealthtech
Allan Cutler(Founder)in
Co-investorsAmplify.LA1843 CapitalBessemer Venture PartnersCoinFundCredo VenturesPear VC+4 more
Neural Concept provides AI-powered engineering software that accelerates product design and R&D cycles for manufacturers across industries like electric vehicles, aerospace, and energy.
Advanced ManufacturingAI & Machine LearningDeep TechEnterprise SoftwareSaaSSwitzerland, CH
Co-investorsAnais VenturesAster CapitalAlvenHTGF
Nexthink is a software company that provides IT departments with real-time analytics, automations, and employee feedback tools to improve digital workplace experiences.
Enterprise SoftwareFuture of WorkSaaS
Patrick Hertzog(Founder)Pedro Bados(Founder)Vincent Bieri(Founder)
Co-investorsAdelieDaniel GutenbergGaldana VenturesHighland EuropeIndex VenturesTOP-Direct IV+4 more
Pivot offers a source-to-pay (S2P) procurement platform that covers strategic sourcing, intake requests, approval and invoice validation workflows, vendor management, AP automation, global vendor payments, and spend analytics.
AI & Machine LearningEnterprise SoftwareFintechSaaSParis, FR
Marc-Antoine Lacroix(Founder)inEstelle Giuly(Founder)Romain Libeau(Founder)
Co-investorsAnamcaraEmblemNotion CapitalRerailVisionaries ClubGotham Ventures+4 more
Pivot Professional Learning provides a funding proposal guide and template designed to help school leaders and principals develop stronger grant applications for the 2026 budget cycle.
EdTechGovTechSaaSMelbourne, AU
Co-investorsClinton Capital PartnersAnamcaraCocoaEmblemFinancière Saint JamesGreyhound Capital+3 more
Scandit builds Smart Data Capture software that turns smartphones, handheld computers, fixed cameras, and drones into barcode and data scanning devices, integrated into business workflows.
AI & Machine LearningEnterprise SoftwareRetail TechSaaSZurich, CH
Samuel Mueller(Founder)inChristian Floerkemeier(Founder)inChristof Roduner(Founder)in
Co-investorsWarburg PincusAtomicoBootstrap EuropeG2 Venture PartnersGV (Google Ventures)Kreos Capital+8 more
Stratio provides an AI and data platform that helps regulated enterprises and public administrations operationalize trusted, AI-driven decisions with governance and control.
AI & Machine LearningData & InfrastructureEnterprise Software
Co-investorsAdara VenturesCrane Venture PartnersGP BullhoundLocalGlobe
AI & Machine LearningCybersecurityEnterprise Software
Adi Ikan(Founder)inOren Koren(Founder)
Co-investorsAmiti VenturesNFXtoDay VenturesInsight Partners
Wasabi provides low-cost cloud object storage for businesses storing data such as backups, medical images, surveillance footage, financial records, and multimedia.
Cloud ComputingCybersecurityData & InfrastructureEnterprise SoftwareBoston, US
Jeffry Flowers(Executive Officer, Director)David Friend(Founder)inJeff Flowers(Founder)inMike Welts(Executive Officer)Michael Bayer(Executive Officer)inMarty Falaro(Executive Officer)in
Co-investorsAlumni VenturesBasecamp FundBoston Harbor AngelsBrightstone Venture CapitalEnergy Impact PartnersEQx Fund+8 more
Zenjob is a staffing service that connects companies with student temporary workers through an online booking platform and a mobile app, using AI-based matching to fill shifts and handle payroll and contracts.
Future of WorkHR TechMarketplaces
Cihan AksakalinFrederik Fahning(Founder)inFritz Trottin
Co-investors500 GlobalActon CapitalAtlanticAtlantic LabsDiscovery Ventures III Gmb H & Co. KGIsomer Capital+4 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ConvelioMobeewavevCita
Exits · 2
2 acquisitions · showing 1Veritiacq. by Check Point
Portfolio news
latest coverage across their companiesFonoa · eu-startups.com · May 29, 2026
Pivot · fintech.global · May 26, 2026
Encord · eu-startups.com · Feb 27, 2026
Wasabi, Inc. · wasabi.com · Jan 21, 2026
Neural Concept · finsmes.com · Dec 18, 2025
Datavations · thesaasnews.com · Jul 15, 2025
Frequently asked questions
- How many investments has Forestay Capital made?
- Forestay Capital has 29 tracked investments, 2 of which have exited, including 7 dated in the last 24 months.
- What stage does Forestay Capital invest at?
- Forestay Capital invests at the Series A, Series B, Series C, Growth stages.
- What is Forestay Capital's typical check size?
- Forestay Capital typically writes checks of $10M – $20M.
- What sectors does Forestay Capital focus on?
- Forestay Capital focuses on AI & Machine Learning, Data & Infrastructure, Enterprise Software, SaaS.
- Where is Forestay Capital located?
- Forestay Capital is headquartered in London, GB.
- Does Forestay Capital lead rounds?
- Yes, Forestay Capital leads investment rounds.
- Who does Forestay Capital co-invest with?
- Forestay Capital most often shares deals with Acton Capital, Index Ventures, Kreos Capital, among 82 tracked co-investors.
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