Investor profile
Forestay Capital
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Forestay Capital is an early-growth stage enterprise technology fund and part of B-FLEXION, the private entrepreneurial investment firm founded by the Bertarelli family. The firm backs exceptional teams in Enterprise AI & SaaS, targeting companies at their revenue inflection point — typically Series A through C — across Europe, Israel, and opportunistically on the US East Coast, with initial tickets of $10–20M and significant reserves for follow-on. Forestay's four core investment themes are AI/ML Infrastructure, Data Infrastructure, Cybersecurity, and Productivity & Automation. As active, concentrated-portfolio investors, the team provides the full weight of their enterprise expertise to help portfolio companies scale into global category leaders.
Notable quotes
“It's a highly competitive market.”
“The venture capital industry is fiercely competitive. Success requires far more than intelligence or access—it demands resilience, discipline, consistency, and the ability to perform under pressure over many years. In venture capital—as in life—small disciplines compound into extraordinary outcomes.”
“Forestay invests in visionary teams reaching growth inflection points and partners with them to create future category leaders. The fund supports start-ups with investments between $10M and $20M in Europe, Israel, and opportunistically on the US East Coast.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Fonoa | Series C | $110m | 2026-05 |
| Pivot | Series B | $40m | 2026-05 |
| Neural Concept | Series C | $100m | 2025-12 |
| Datavations | Series A | $17m | 2025-07 |
| Buynomics | Series B | $30m | 2025-03 |
| Luminance | Series C | $75m | 2024-09 |
| Veriti | Series A Extension | $10m | 2024-01 |
| Wasabi Technologies | Series D | $250m | 2022-01 |
| Scandit | Series D | — | 2022-02 |
| Manta | Series B | $35m | 2022-01 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Insight Partners | 3 |
| Notion Capital | 2 |
| Goldman Sachs Asset Management | 2 |
| Index Ventures | 2 |
| Anaïs Ventures | 2 |
| Point72 Ventures | 1 |
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