More money for Swiss startups

Months following announcing their capital increase, three Swiss startups have banked additional funds—SwissDeCode from the European Innovation Council, Typewise from its Crowdfunding backers and CompPair from existing investors.

Food-tech startup, SwissDeCode, has secured an investment of €1 million from the European Innovation Council (EIC) Fund, complementing the EIC Accelerator Grant previously awarded to the company. The Lausanne based start-up addresses the growing need for food sustainability, safety and authenticity by providing rapid and on-site food certification solutions to help agri-food companies meet the industry requirements. Its DNAFoil technology is a portable, self-administered, on-site DNA detection kit that combines food safety and compliance with regulatory bodies in a single tool. The newest A2 Family of tests, the world’s first line of on-site testing solutions that validate the authenticity of A2-type milk, is being highly sought after by customers at the global level. To build on five years of its success in reshaping the food supply chain, the company will use the additional funds to drive growth in customer acquisition and new product development.

Seedrs investors pledge CHF 2 million
The crowdfunding campaign for Typewise’s artificial intelligence-based smartphone keyboard app has concluded at two million Swiss francs. More than 650 investors on Seedrs backed the Zurich based startup – more than half of the investors had pledged over 1.1 million euros in less than a day of the campaign launch. The company's first product, the Typewise keyboard app, offers 100% data protection, advanced AI auto-correction and an optimized hexagonal layout, reducing typos and increasing typing speed. The app has been downloaded more than 1.5 million times worldwide. The new funds further grow the user base of its keyboard app and expand its product offering into the B2B sector.

Continued support for CompPair
Six months following the receipt of CHF 950K, CompPair Technologies has received more funding from existing investors, bringing its seed investment round to CHF 1.3M. This top-up allows the company to sustain its market implementation and R&D activities and to expand the team to support the Technology department. The EPFL spin-off invented a new composite material able to repair itself within one minute using heat. The solution helps clients build better and durable products and produce less waste.