Privilège Management launches second venture fund

The second Fund, as the previous one, will focus on early stage, high tech companies with sustainable and scalable business models. The investments will be made either by acquiring equity interests or via convertible loans. The Fund will target start-ups based mainly in Switzerland and Europe and will have no sub-sectoral bias within the high-tech area. The only sector the Fund will not invest in is Biotech. The second closing will take place during the course of 2019.
 
To manage this Fund, Privilège has joined forces with EuroUS Ventures AG and the Fund will be managed by the two General Partners: Jacqueline Ruedin Rüsch, Founder and CEO of Privilège, and Lucian Wagner, Founder and GP of EuroUS Ventures. Privilège Management SA is a Swiss wealth management company with a focus on Venture Capital with a current portfolio of 17 companies including for example Scantrust, Geosatis, Snowcookie and Codecheck. EuroUS Ventures AG is a Swiss company actively managing a portfolio of about 15 companies including Akselos, Distal Motion, Relish Guitars and SWISSto12. The GP’s will be supported by a highly competent investment team to analyse the companies, conduct due diligence and follow their development over the years.
 
Jacqueline Ruedin Rüsch commented that this new fund is  innovative and exemplary in many ways as it enables even smaller scale investors to participate in the tremendous growth and opportunities generated by Swiss and European start-ups. “We believe that by adding an exposure to Venture Capital, investors can benefit from high potential returns over the long-term while reducing the correlation to financial markets”.
 
Lucian Wagner stated that this fund continues right where the firs fund left off: investing in the most exciting Swiss and European deep tech companies - not necessarily hyped-up unicorns, but solid ICT and medtech companies with defined markets and clear exit strategies.

(Press release - SK)
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