About Forestay Capital
Forestay Capital is a venture capital firm founded in 2018. It is primarily based out of Geneva, Switzerland. As of May 2021, Forestay Capital has invested in 12 companies. It primarily invests in Series A round in Switzerland based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Series A round of Howspace Overall, Forestay Capital portfolio has seen 2 unicorns and 4 acquisitions including key companies like Scandit, Wasabi and Nexthink. A lot of funds co-invest with Forestay Capital, with names like Ernesto Bertarelli sharing a substantial percentage of its portfolio. Forestay Capital has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 2 more
Portfolio Soonicorns
Forestay Capital's List of Top Investments
Forestay Capital has a portfolio of 12 companies, including 2 unicorns. Their most notable investments are in Howspace and Kandou.Their portfolio spans across Switzerland, Israel, United States and 5 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 7 other sectors, across stages such as Series A, Series B and 2 more. Here is the list of top investments by Forestay Capital:1. Scandit
Developer of smart data capture platform for various industry applications. The platform offers barcode scanning, ID scanning, and shelf intelligence capabilities. It provides tools for barcode scanning, ID scanning, and smart label capture. The platform supports multiple frameworks and languages for developers. It offers solutions for retail, supply chain, healthcare, and other industries.
Key facts about Scandit
- Founded Year: 2009
- Location: Zurich (Switzerland)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $273M
- Employee Count: 364 as on Aug 31, 2026
- Investors: Kreos Capital, Atomico and 15 Others
- Latest Funding Round: Series D, Feb 09, 2022, $*****
- Highlight: Editors' Pick
2. Wasabi
Cloud storage provider offering scalable solution for businesses. It allows to store and manage the data. It offers solutions such as backuo and recovery, media workflows, active archiving, multi-tenant management, and more.
Key facts about Wasabi
- Founded Year: 2015
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $484M
- Employee Count: 592 as on Aug 31, 2026
- Investors: Fidelity Investments, Rocketship and 27 Others
- Latest Funding Round: Conventional Debt, Apr 21, 2026, $*****
- Highlight: Editors' Pick
3. Nexthink
Cloud based digital employee experience platform. It monitors the IT infrastructure and reports performance issues, failures, crashes, and security threats. It develops software solutions to manage standard and virtual desktop infrastructures and controls IT budgets. It also captures local and network activities in real time at endpoints and transforms end user data into actionable analytics. It provides real time analytics and visualization solutions and also provides help desk, server monitoring, MTTR reduction, breach, and compliance management.
Key facts about Nexthink
- Founded Year: 2004
- Location: Lausanne (Switzerland)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $336M
- Employee Count: 1,201 as on Aug 31, 2026
- Investors: Demtech, Highland Europe and 18 Others
- Latest Funding Round: Series D, Feb 08, 2021, $*****
- Highlight: Acquired
4. ForNova
ForNova is the provider of market intelligence and market visibility solutions for hotels. Its technology called SuperNova is a patented image-based scanning technology which scans, extracts and analyzes online hospitality data. Its offering is a two-tiered solution, a market intelligence product that allows hotels to collect and analyze all the available information from the market to check their hotels' pricing, ranking & distribution and a channeling and market visibility product that offers smart connectivity to the marketing channels so as to boost hotel bookings. Based in Israel with offices in London, Amsterdam, New York and Ukraine, the company claims to serve more than 13k hotels including brands such as Marriott, Hilton, NH Hotels, and Premier Inn. It has also developed Goldenfeeds for use to the online retailers.
Key facts about ForNova
- Founded Year: 2008
- Location: London (United Kingdom)
- Stage: Series B
- Total Funding till date: $90M
- Employee Count: 160 as on Aug 31, 2026
- Investors: JAL Ventures, Forestay Capital and 3 Others
- Latest Funding Round: Series B, Sep 05, 2019, $*****
- Highlight: Editors' Pick
5. vCita
vCita provides business management software for small businesses. It features solutions for billing & invoicing, online payments, CRM, lead generation, marketing, etc. It is available on a subscription basis. Also offers integration with Quickbooks, Facebook, Zapier, etc.
Key facts about vCita
- Founded Year: 2010
- Location: Bellevue (United States)
- Stage: Series A
- Total Funding till date: $15M
- Employee Count: 140 as on Aug 31, 2026
- Investors: Forestay Capital, ADIP and 1 Other
- Latest Funding Round: Series A, Jul 23, 2019, $*****
- Highlight: Editors' Pick
Forestay Capital's Year-on-Year Investment Trends
Its most recent first time investment was in Howspace and most recent follow-on round was in Wasabi.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 1 | 1 | 2 |
2019 | 4 | 1 | 5 |
2018 | 4 | 0 | 4 |
Forestay Capital's Investments by Stage
Forestay Capital has made 4 investments in Series A stage with an average round size of $15.9M, 4 investments in Series B stage with an average round size of $29.9M, 1 investment in Series C stage with an average round size of $56M and 1 investment in Series D stage with an average round size of $85M.Stage of entry | No. of Investments |
|---|---|
Series A | 4 |
Series B | 4 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Forestay Capital's Investments by Sector
Forestay Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, FinTech, High Tech and Consumer. Notably, it has invested in 12 Enterprise (B2B) companies, 12 Tech companies, 11 Software companies and at least 8 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 8 |
Enterprise Infrastructure | 3 |
FinTech | 2 |
High Tech | 2 |
Consumer | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Forestay Capital's Investments by Geography
Forestay Capital has made most investments in Switzerland (3), followed by Israel where it has made 2 investments.Country | No. of Investments |
|---|---|
Switzerland | 3 |
Israel | 2 |
United States | 2 |
Belgium | 1 |
Canada | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Forestay Capital's recent investments
Forestay Capital has not made any investment in 2026 so far.Here are the most recent investments by Forestay Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 11, 2021 | Finland | Series A | 9524 | ||
Aug 11, 2020 | Israel | Series B | 6963 | - | |
May 28, 2020 | United States | Series B | 8499 | - | |
Sep 23, 2019 | Switzerland | Series C | 1242 | ||
Sep 05, 2019 | United Kingdom | Series B | 8791 |
Unicorns in Forestay Capital's Portfolio
Forestay Capital has 2 unicorns in its portfolio - Wasabi and Scandit. The most recent unicorn in their portfolio is Wasabi. It became a unicorn in 2022, 4 years after Forestay Capital first invested in it.Here is a list of unicorns in Forestay Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Cloud storage provider offering scalable solution for businesses | 2015 | Boston | Series E | bwhvh{m | ||
78 | Developer of smart data capture platform for various industry applications | 2009 | Zurich | Series D | wjqyrwu |
Acquired companies in Forestay Capital's Portfolio
4 companies from Forestay Capital's portfolio have been acquired. The most recent acquisition was Nexthink in Oct 2025 by Vista Equity Partners for $*****.Here are Forestay Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 27, 2025 | Dec 12, 2018 | Series D | 4643 | |
Sep 12, 2025 | May 14, 2019 | Series A | 7057 | |
Feb 02, 2022 | Sep 26, 2018 | Series A | 2164 | |
Jul 31, 2020 | Nov 14, 2018 | Series B | 9109 |
Team profile of Forestay Capital
Forestay Capital has a team of 1 member located in Switzerland. Forestay Capital's team does not sit on the board of any company as of now.Co-investors of Forestay Capital
Over the past 8 years, 75 investors have co-invested in Forestay Capital's portfolio companies. This includes funds and angels.
- Invested before Forestay Capital: Europa, Waypoint Capital and 25 others have invested in rounds before Forestay Capital. There are 3 companies where Europa has invested before Forestay Capital and 2 companies where Waypoint Capital has invested before Forestay Capital.
- Top Co-investors of Forestay Capital: 17 investors entered a company along with Forestay Capital. These include investors like Ernesto Bertarelli (1 company).
- Invested after Forestay Capital: A total of 31 investors have invested in Forestay Capital's portfolio after their investments. Top Investors include Fidelity Investments (1 company), North Atlantic Capital (1 company) and Prosperity7 Ventures (1 company).
Recent News related to Forestay Capital
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spektr Launches spektrQ to Answer Compliance’s Hardest AI Question: Where to StartCity A.M.•Jun 25, 2026•RPS Ventures, March Capital, Luminance, Schroders Capital and 3 others
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Luminance Bags $75m, Slaughter and May Invests AgainArtificial Lawyer•Feb 18, 2025•Luminance, Point72, Forestay Capital, RPS Ventures and 5 others
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Howspace completes €12M Series A funding roundTakeoff Partners•May 11, 2021•Howspace, Forestay Capital, Inventure
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K2View raises $ 28 million to accelerate its already rapid expansion into the DataOps marketBusiness Wire•Aug 11, 2020•K2View, Forestay Capital, Genesis Partners, Phoenix Insurance
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Wasabi Raises $30M; Amazon AWS S3 Cloud Storage Alternative Gains MSP MomentumChannelE2E•May 28, 2020•Wasabi, Forestay Capital, Waypoint Capital
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Forestay Capital backs $30m round for ZenjobUnquote•May 12, 2020•Forestay Capital, Zenjob, Redalpine, Acton Capital and 2 others
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Kandou Secures $56 Million in Series C FundingStartupticker•Sep 23, 2019•Kandou Bus, Bessemer Venture Partners, Columbia Lake Partners, Fayerweather Capital Partners and 7 others
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Fornova lands $7M in funding, plots rollout of business intelligence tech for hotelsPhocusWire•Sep 04, 2019•ForNova, aroundproptech.com, JAL Ventures, Forestay Capital and 1 other
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Weeks after raising $15 million, Tel Aviv-based startup vCita acquires WiseStampTech.eu•Aug 14, 2019•WiseStamp, vCita, Forestay Capital, Fabrice Grinda and 1 other
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