February 28, 2025
Growth on the horizon
Dear reader
This week’s announcement of three major financing deals in the fintech sector may signal an upturn in the VC landscape. Sparta, a Geneva-based provider of real-time intelligence for oil and gas traders, has secured USD 42 million to expand its technology into new commodities. Unique has obtained USD 30 million to fuel global expansion of its flagship product Unique FinanceGPT, and Amnis, which offers an all-in-one banking platform for SMEs, has raised USD 10 million in order to strengthen its market position.
Comphya has secured CHF 4.35 million in the first tranche of its series A financing round to advance clinical trials for CaverSTIM, the first implantable neuromodulator to treat erectile dysfunction. Adoram Therapeutics has closed its first investment deal to accelerate development of enhanced cancer therapies, as has CellX Biosolutions, which identifies high-performance bacterial degraders of industrial pollutants.
Funding is crucial for business growth, but mergers and acquisitions are equally important for continuity and market expansion. Lausanne-based Technis’ acquisition strategy to become a European leader has started with its recent purchase of French AI-driven video protection company Videtics. Three scheduling companies, including Lucerne-based Calenso, have merged to broaden their services. OnlineDoctor, which offers digital skin diagnosis, has been taken over by Lohmann & Rauscher, and medtech start-up GetSet Surgical has been acquired by Italian healthcare company Demetra Holding.
Even when circumstances appear favourable, growing a company remains a formidable challenge. This was the case for Andrea Tassistro and Edouard Thimon, co-founders of PowerAPI: despite securing a strategic partnership with Google, they were forced to cease operations just a few months later. Tough market conditions, including customer acquisition costs and lengthy sales cycles, were primarily to blame. Lukas Reinhardt, head of UBS Growth Advisory, acknowledges the current hurdles in our interview, but is optimistic about a potential market upturn.
Despite these challenges, the entrepreneurial ecosystem is not short of ambitious founders and robust support. This is evident from the 10 spin-off start-ups founded last year at the University of Basel, and the new SPARK Western Switzerland pre-incubation programme, which aims to foster innovation and growth in the life sciences.
Registration for the Swiss Fintech Awards closes this week on 2 March. KlimUp, a support programme for climatetech start-ups from the city of Zurich and Bluelion, and MassChallenge are accepting applications until 5 March. The Innosuisse Scale-up Coaching is also open for applications until 18 March.
Have a good weekend.
Ritah Ayebare Nyakato
Duty Editor, Startupticker.ch