About ARMADA Investment
ARMADA Investment is a venture capital firm founded in 2000. It is primarily based out of Kusnacht, Switzerland. As of Aug 2024, ARMADA Investment is an active investor, having invested in 41 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it led the $11.4M Series B round of Carvolution along with Die Mobiliar. This round also saw participation from Redalpine.
Overall, ARMADA Investment portfolio has seen 2 unicorns, 1 IPO and 9 acquisitions including key companies like N26, Nutmeg and ASAPP. A lot of funds co-invest with ARMADA Investment, with names like Morgenthaler sharing a substantial percentage of its portfolio.
ARMADA Investment has team of 6 people including 3 partners.
Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B &
Portfolio IPOs
Portfolio Acquisitions
, arago &
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
ARMADA Investment's Year-on-Year Investment Trends
ARMADA Investment has invested in 41 companies over the last 23 years, with an average of 1 new investment annually in the last 10 years. In 2024, it made 1 investment. Its most recent first time investment was in Swiss Mile and most recent follow-on round was in Carvolution.
Year | No. of Investments | ||
---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 1 | 1 | 2 |
2021 | 1 | 1 | 2 |
2020 | 0 | 1 | 1 |
2019 | 2 | 0 | 2 |
2018 | 1 | 0 | 1 |
2017 | 1 | 1 | 2 |
2016 | 1 | 0 | 1 |

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ARMADA Investment's Investments by Stage
ARMADA Investment has made 7 investments in Series A stage with an average round size of $7.62M, 4 investments in Series B stage with an average round size of $18.3M, 3 investments in Seed stage with an average round size of $8.32M and 2 investments in Series C stage with an average round size of $46.5M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Series A | 7 |
Series B | 4 |
Seed | 3 |
Series C | 2 |
ARMADA Investment's Investments by Sector
ARMADA Investment has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, FinTech and Aerospace, Maritime and Defense Tech. Notably, it has invested in 25 Tech companies, 22 Enterprise (B2B) companies, 14 Software companies and at least 10 companies focusing on Consumer (B2C).
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
Enterprise Applications | 5 |
High Tech | 5 |
Consumer | 4 |
FinTech | 4 |
Aerospace, Maritime and Defense Tech | 2 |
Others | 25 |
ARMADA Investment's Investments by Geography
ARMADA Investment has made most investments in United States (8), followed by Switzerland where it has made 3 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
---|---|
United States | 8 |
Switzerland | 3 |
Israel | 2 |
United Kingdom | 2 |
Germany | 1 |
ARMADA Investment's recent investments
Here are the most recent investments by ARMADA Investment:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
Aug 29, 2024 | Switzerland | Seed | $22M | ||
Oct 13, 2022 | Switzerland | Series D | $16.2M | Die Mobiliar [+2] | |
Jan 04, 2022 | United Kingdom | Series A | $8.72M | [+2] | |
2021 | United States | Series A | $21M | [+2] | |
Feb 25, 2021 | Switzerland | Series C | $16.5M | [+3] |
Unicorns in ARMADA Investment's Portfolio
Here is a list of unicorns in ARMADA Investment's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
---|---|---|---|---|---|---|---|
63 | AI based customer experience management platform | 2014 | New York City | Series C | y{vmoes | ||
71 | Provider of an internet-first bank offering diversified digital banking solutions for consumers and businesses | 2013 | Berlin | Series E | mmhmbqt |
IPOs and Publicly Listed companies in ARMADA Investment's Portfolio
Here are ARMADA Investment's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
May 10, 2024 | - | - | - |
Acquired companies in ARMADA Investment's Portfolio
Here are ARMADA Investment's portfolio companies that got acquired most recently:
Team profile of ARMADA Investment
ARMADA Investment has a team of 6 membersÌýincluding 3 Partners and 1 PrincipalÌýlocated in Switzerland. ARMADA Investment's team does not sit on the board of any company as of now.Here is a list of all team members in ARMADA Investment:
Name | Designation | Location | Board Memberships | Contact details |
---|---|---|---|---|
Partner | Zurich | - | - | |
Partner | Zurich | - | ||
Partner | Zurich | - | ||
Principal | Zurich | - | ||
Associate | Zurich | - | - | |
Analyst | - | - |
Co-investors of ARMADA Investment
Over the past 23 years, 99 investors have co-invested in ARMADA Investment's portfolio companies.
- Invested before ARMADA Investment:ÌýAging in New York Fund, Draper Associates and 30 others have invested in rounds before ARMADA Investment. There are 1 company where Aging in New York Fund has invested before ARMADA Investment and 1 company where Draper Associates has invested before ARMADA Investment.
- Top Co-investors of ARMADA Investment:Ìý26 investors entered a company along with ARMADA Investment. These include investors like Morgenthaler (2 companies).
- Invested after ARMADA Investment:ÌýA total of 41 investors have invested in ARMADA Investment's portfolio after their investments. Top Investors include Goldman Sachs (1 company), Fubon Financial Holdings (1 company) and Aliaxis (1 company).

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Recent News related to ARMADA Investment
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Bebeez•Aug 29, 2024•Swiss Mile, , Amazon Industrial Innovation Fund, ARMADA Investment and 3 others
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PR Newswire•Jun 01, 2006•Overture, Morgenthaler, Intersouth Partners, ARMADA Investment and 2 others
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