Swiss Startup Capital becomes Serpentine Ventures

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25.10.2021
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The Swiss Startup Group AG (SSUG) is re-branding its investment arm into Serpentine Ventures (SERV). The company currently hosts 4 funds and has invested into 25 startups in the fields of Information and Communications Technology (ICT), high tech as well as healthtech companies on a selective basis.

Serpentine’s investment product suite (multi fund program I) currently offers various fund structures domiciled in Luxembourg covering the entire lifecycle in venture capital:

  • Serpentine Rookie Fund I invests mainly in Switzerland in pre-seed companies to capture the highly innovative yet underpenetrated early-stage venture investment market. The portfolio includes companies such as Pabio, Riskwolf or Lyfa.
  • Serpentine Flagship Fund I focuses on technology driven start-ups that are in a seed phase or bridge phase to a Series A investment round with a clear focus on the ICT area. Examples of portfolio companies are acodis, Cleveron or smino.
  • Serpentine Growth Fund I will complete the offering from a lifecycle perspective, supporting startups in their growth phase to enable scaling of their businesses. The launch of the fund is planned in 2022
  • Swiss Diabetes Venture Fund I will harvest risk-adjusted returns by investing in promising early-stage start-ups using novel technologies exclusively addressing the diabetes disease. These diabetes medical technology start-ups can work on hardware, software or any technology linked to detecting, sensing, treating, or curing diabetes mellitus. The fund was launche in June through a collaboration between the Swiss Startup Group, the Diabetes Center Berne and Ypsomed CEO Simon Michel.

The new website lists around 30 portfolio companies. The value proposition of SERV has been proven by successful exits recently: the IPO of beaconsmind and the trade sales of struckd and Vay.

Max Meister, Co-Founder of Swiss Startup Group and General Partner of SERV comments: “It was important for us to choose a brand that is representative of the venture business on the one hand and of our Swiss origin on the other. Serpentine is the word for the winding roads found all across the Swiss Alps. Following the Serpentine path makes otherwise unreachable mountain peaks accessible. With our platform we do exactly that, we support start-ups in taking the right decisions on their path to success.” 

Mike Baur, Co-Founder & CEO of Swiss Startup Group adds: “The re-branding of our investment arm marks an important milestone in our SSUG growth strategy. With our Serpentine Ventures multi fund program I, we launched our venture asset management offering and give private and institutional investors direct access to the asset class ‘venture’.”

(Press release / SK)

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