We often write about financing rounds and enjoy doing so. However, it is not success with investors that ultimately decides the fate of a start-up, but success on the market. Start-ups have recognised this and use the attention that closure of a financing round offers to communicate more about their products. For example, security company Cybera has generated another CHF 5 million, and drone start-up RigiTech has completed a seed round and announced that it can now begin flights between two laboratories belonging to its French client Biogroup.
Metabloqs and Hera Digital have been able to complete their first financing rounds. Metabloqs is building a metaverse that focuses on security for all parties. Geneva start-up Hera Digital develops premium dating platforms and has an experienced team behind it. Abilect has also brought a lot of experience on board, with Scout24 founder Joachim Schoss joining the proptech start-up as a board member and investor.
To understand the current situation in biotech investment, we spoke to two people with long experience: Markus Hosang from BioMedPartners and Jost Renggli from Venture Valuation provide information on what the biotech bear market means for start-ups.
The seven investors from DieHöhle der Löwen Schweiz seem unimpressed by the uncertain times. The next season starts on 4 October and will feature the same lions as in season three. Of the 42 start-ups that will face them, the largest group comprises companies with sustainable products.
In addition to investors, large companies continue to find Swiss start-ups attractive, with Share.P landing Google as a customer. Find out in our separate article which start-ups have won Goldbach, 1. FC Köln and UBS as clients. And Epic, the video game company that published Fortnite, has taken over the team and platform of Zurich start-up Code Lane.
I would also like to point out the deadline for the Boost My Startup Challenge from UBS and BG Consulting Engineers – 25 September. The application deadline for Venture Leaders Fintech also expires on the same day. ZKB Pionierpreis Technopark is accepting applications until 26 September and registration is open for the next Innosuisse Scale-up Coaching programme until 2 October. In addition, the application deadline for the ESA Business Incubation Centre Switzerland programme is fast approaching.
Startup Nights will take place at the beginning of November: the number of start-up stands has now been increased and can still be obtained.
Have a good weekend.
Editor in Chief, Startupticker.ch