Swiss venture firm Spicehaus Partners announces the first round for its second fund with existing and new investors, including family offices, pension funds, asset managers and private individuals. Aiming to reach CHF 60 million, Fund II will invest in a portfolio of 25 Swiss technology startups with international growth potential.
Spicehaus Partners was founded in 2018 by Dr. Teddy Amberg and Daniel Andres, drawing on their extensive entrepreneurial experience and angel investments. With a track record of 40 investments over the past 12 years, they continue to support founders on their journey to success.
The recent investment in TestResults by Progile marked the end of Spicehaus Partner’s Fund I, bringing the VC into its next chapter. With a fund size of CHF 31 million in Fund I, Spicehaus invested in 20 technology companies, including Amnis Treasury Services (Fintech), Fidentity (Regtech), Kemaro (Robotics), Kido Dynamics (Big Data), Klepsydra Technologies (Edge Computing), Vlot (Insurtech), Xorlab (Cybersecurity), Drone Harmony (deeptech) and many more. Thanks to the companies’ positive growth trajectory, Spicehaus Partners' first fund has already achieved a net return of +28%.
“Fund I will make not make any investments in additional companies, and the remainder of the capital is reserved for follow-on investments in the existing portfolio”, said Teddy Amberg, Partner at Spicehaus. “Our next new investment will be made from Fund II.”
The Spicehaus Swiss Venture Fund II, with a target size of CHF 60 million, will continue to invest in Swiss technology companies that have the potential to scale internationally. Besides the potential and ambition for international growth, the Fund focuses on fast-growing technology companies in the B2B software space that have launched their products in the market and acquired their first paying customers. Aiming for 5-10 annual investments, Fund II targets a portfolio of around 25 companies.
The first closing of Fund II has been completed, putting the fund on track to reach half of its target fundraising goal. Several existing investors for the first fund participated in the new round, with new ones joining in. Family offices, pension funds, asset managers and private individuals are among the investors. The next closing will take place on 30 June 2024. The final closing of the fund is planned for 2025.
(Press release/RAN)
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