According to our publication Swiss Startup Radar, more start-ups are founded in Switzerland than in other similarly sized European countries, and companies launched by experienced founders make a large contribution to this number. This week, companies such as this provided several financing rounds and two acquisitions.
Dear reader
This week we again reported on six financing rounds, similar to the number in previous weeks, but with a difference: none of the six start-ups is a classic university spin-off. The companies were not founded by graduates, but by people with industry experience.
Several deep-tech companies were among these start-ups that completed financing rounds. Delvitech, a company that focuses on automatic, optical inspection, attracted Credit Suisse’s venture capital arm and TiVenture as investors. A former senior Procter & Gamble Manager has joined botanical drugs company Legacy Healthcare, and Mobbot generated CHF 2.9 million for the further development of its 3D concrete printer. And in addition to a digital growth loan from FIT, Alogo also secured money from private investors: the company, which specialises in high-tech motion analysis solutions for equestrian sports, received a total of CHF 1 million.
There were also two start-ups from other fields. E-commerce platform Produceshop attracted a well-known investor from France, and the fashion toy brand I’m a Girly closed a financing round of more than CHF 2 million.
Finally, two companies, also not originating from a university, announced this week that they would be taken over by large companies. Online TV provider Wilmaa has been acquired by Sunrise, and Soundchip, which makes noise cancellation technology used in headphones, has gone to the American DSP Group.
However, the pipeline is also full of promising university spin-offs, as demonstrated by Bloom Biorenewables, Inergio and Sylva. These start-ups were successful at Venture Kick this week, with each receiving CHF 150,000. The race at the Swiss Economic Award is still open, with the nine finalists announced this week.
Our start-up pitch portrait this week presents a spin-off with great potential: UNISERS, which could well play an important role in the next step in chip miniaturisation, is currently looking for investors.
Speaking of the search for investors, next week Swiss Blockchain Investor Day will take place on Wednesday and the Virtual Venture Day on Thursday. Find out more about the start-ups presenting there in our articles. Attendance is open for >>venture>> competition’s online awards ceremony on Monday and DayOne Demo Day on Thursday.
Have a good weekend
Stefan Kyora
Editor in Chief, Startupticker.ch
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