News

Bloom Diagnostics launches smart COVID-19 antibody test

 

To help combat the pandemic, Bloom Diagnostics has launched its smart COVID-19 antibody testing device following the receipt of a USD 11.7 million investment. The validated device can detect antibodies within ten minutes.

 

 

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GetYourGuide secures €114 million in convertible note financing

 

GetYourGuide, the booking platform for travel experiences, has raised €114 million in convertible note financing led by Searchlight Capital. The financing ensures that the company can invest in strategic opportunities to cement its market-leading position and ignite post-pandemic travel demand.

 

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Hades raised $1.9M in its oversubscribed seed round

 

Hades, an ETH Zurich spin-off providing automated inspection analysis of sewer pipelines, has secured seed funding of $1.9 million led by 360 Capital and co-invested by Urban Us and joined by two business angels.

 

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CHF 150’000 to advance personalised cancer therapy options

 

4iLabs, a spin-off from the University of Zurich, is developing a diagnostic toolbox to support clinicians in the therapy decision-making process for patients with progressed cancer beyond the standard of care. The company has won CHF 150’000 in the Venture Kick finale. The funds will accelerate product development.

 

 

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Seasoned executives for startups

 

The startups Interprefy, Mictic, Oculis and Monte rosa have strengthened their executive boards with new leaders that will take on the role of CEO, CTO, Business development. The Business Angel Network Go Beyond has also seen a change of leadership. Denise McQuaid takes over as the network’s CEO.

 

 

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Novartis joins Molecular Partners as investor and collaboration partner

 

Novartis has obtained global in-licensing rights to develop, manufacture and commercialize Molecular Partners' two potential therapies against COVID 19. The pharma giant will provide a cash payment of CHF 20 million plus future milestone and royalty payments. In addition Novartis will acquire about 6% of the outstandig shares of Molecular Partners. 

 

 

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Swiss Startups maintain track record of winning awards

 

Whether at home or abroad, Swiss startups never cease to impress juries of competitions with their technologies. Zoundream, Propulsion Academy, Verity Studios and NematX have brought home prizes from the previous award ceremonies.

 

 

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Financial boost for nine deeptech startups

 

 

The Gebert Rüf Stiftung has invested CHF 1,35 million in nine start-ups since April as part of its InnoBooster program. Participating start-ups are developing deep technology solutions covering a range of industries.

 

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IoT-Technologie für die Pflegebranche

 

Innosuisse zeichnet das AgeTech-Startup CARU für sein sensorbasiertes und selbstlernendes Notrufsystem aus. Jetzt planen die Zürcher die Expansion nach Deutschland.

 

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Candi obtains CHF 2.68 million to grow its customer base among Indian SMEs

 

Candi is developing a comprehensive solution for financing, building and operating solar solutions for SMEs in emerging markets such as India and South Africa. The company is now able to further expand its customer base in India, thanks to a capital injection of CHF 2.68 million from EDFI ElectriFI.

 

 

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