The Zwaard Fund (Stone & Paper) is a contained 'soft-close' investment vehicle focused on financial asset management and small strategic financing of early-stage startups, from micro-venture to hybrid structures inspired by the SWORD mechanism (Stock and Warrant Off-Balance Sheet Research & Development).
Zwaard was founded in 2019 as a focused investment vehicle dedicated to structured capital and strategic growth. Since its inception, it has operated primarily across Western Europe, with investments in Italy, Spain, and World Stock Markets.
Built on a hybrid financial model, Zwaard bridges traditional asset management with innovative venture support, empowering both startups and established projects through disciplined, long-term strategies.
At Zwaard, we offer more than capital. We provide structure, strategic insight, and long-term partnership. Whether you're launching a startup, scaling an early-stage company, or navigating complex market transitions, our approach is designed to help you grow with resilience and precision.
Sometimes, the right kind of support, even if small, can act as the lever that lifts something far greater. That’s where we come in: offering targeted, thoughtful backing that multiplies impact over time.
Whether you're building something new or looking to strengthen what’s already in motion, we're here to listen, think with you, and help structure the path forward.
Our team is always open to meaningful conversations.
Let’s see what we can build together.
welcome@zwaard.fi