As of yesterday, Credit Suisse Entrepreneur Capital Ltd., Credit Suisse' investment arm providing SMEs and young entrepreneurs with risk capital has a total fund of CHF 200 million under management. With its investment vehicle, Credit Suisse aims to strengthen and further develop Switzerland as an innovative business hub.
Building on its portfolio of 50 companies, the investment vehicle has led the recent investment round for Perspective Robotics, an ETH Zurich spinoff dedicated to improving the safety and speed of public safety team operations, such as fire brigades.
“By investing in Fotokite, we are partnering with a company with a superior USP from technology and regulatory perspective, coupled with a highly compelling business case in a growing aerial robotics market. Our commitment demonstrates the company’s great potential for further growth,” said Didier Denat, Chairman of the Board of Directors of Credit Suisse Entrepreneur Capital Ltd. and Head of Corporate & Investment Banking at Credit Suisse (Switzerland) Ltd.
Perspective Robotics’ flagship product is the Fotokite, a tethered and autonomous drone that flies autonomously allowing public safety teams to spend fewer resources on piloting drones and more time on responding to their mission. Further, the drone is safe to use above crowds and in cities, an advantage that the Fotokite has over other drones. The company has achieved regulatory advantages over free-flying drone technologies in the US, Switzerland, and France.
Christopher McCall, CEO of Fotokite, stated, “With the support of our investors, led by Credit Suisse Entrepreneur Capital Ltd., Fotokite will be able to accelerate towards our goal of improving the information that firefighters and first responders have on hand in emergency response operations. This investment will help Fotokite shape everyday public safety operations and support the industry's mission to save lives and preserve property.”
(Press release - RAN)