The fund’s focus is on business-to-business software.
In brief:
- The focus on business-to-business software providers is in two verticals – financial technology (fintech) and the future of work.
- It’s an approach Ermotti is now offering to investors in 14Peaks’ inaugural fund, which will today announce it has closed with $30 million raised from a combination of family offices and high-net-worth individuals.
- Early investments include a stake in Rain, the US fintech which works with employers to offer staff advances on salary for hours they have already worked, and Threatfabric, a Dutch cybersecurity specialist.
What does this mean?
“We’re interested in fintech because financial services is such a large industry with so much potential for disruption from technology,” Ermotti says. “Future of work could be anything that changes the way people in a business interact with one another, or with how two businesses interact; that could be data collaboration or analytics, but it might also be human resources platforms.”
