Uepaa AG closes Series Round B Financing at CHF 3 million

Since its creation, startup Uepaa AG remains the world’s only company to turn smartphones into life-saving devices using a unique piece of wireless Peer-to-Peer technology from the leading tech university ETH Zürich. Anywhere the network is down, overloaded or inexistent or when time or location accuracy matters, this technology can be used and the success of Uepaa AG’s first use case - its Alpine Safety App - has secured further investment. The Uepaa! Alpine Safety App is the ultimate Outdoor Companion that allows users to remain connected even in areas without network coverage and benefit from location-based direct communication (watch the product videos - Premium & Base).

Following a remarkably swift Series B Financing Round started just before Christmas, Uepaa AG closed CHF 3 million in yesterday’s extraordinary shareholders meeting, with 22 existing and new investors contributing to the future growth of the company. Equity raised so far, including that issued in Round A back in 2011, now totals CHF 4.5 million.

Since the successful launch of its Alpine Safety app in October last year, Uepaa AG has had a whirlwind 4 months - including showcasing at multiple international events, receiving numerous prestigious awards and growing its user base to over 30,000. Yesterday’s capital increase enables Uepaa AG to focus on strengthening its B2B partner collaboration, investing in marketing and continuing its international roll-out through 2014.  

As mentioned, the Alpine Safety business is just one of many situations where Uepaa AG’s revolutionary Peer-to-Peer technology (aka UepaaNet) solves existing business and customer needs. Holding the exclusive, worldwide license for the Peer2Peer technology from the ETH Zürich and having successfully transferred the technology into a scalable, marketable networking stack (owned fully by Uepaa AG), puts the company in a very strong position in comparison to today’s existing but immature peer-to-peer standards - all factors which caught investors’ attention and why this round could be closed so fast.

Uepaa AG thanks its existing shareholders for their continued support and warmly welcomes its new investors including Ariel Lüdi, CEO of Hybris Software - Uepaa AG’s largest outside investor to date. Mr. Lüdi will additionally be joining the board: great news for Uepaa AG considering his invaluable experience in the B2B software industry.

Mathias Haussmann, CEO and Founder of Uepaa AG:“Yet another important milestone for Uepaa AG. Following the successful transfer of technology from the ETH lab and the launch of the app in Europe, we will now be investing equal effort in marketing and business development. This capital increase, as well as the competencies gained on the board, make me very confident about successfully mastering the next phases of growth and business development.”