The world is the limit

Dear reader

Swiss-Italian XFarm has made remarkable progresses in its journey to transform the agriculture sector with digital solutions to boost farm productivity and sustainability. Over the past two years, the start-up has reached more than 220,000 farmers using its solutions and introduced AI-backed features; two farms in Poland are now using the revamped solution.

Australian companies also rely on Switzerland to transform their sectors. Global nanosatellite IoT network provider Astrocast has been contracted by data logger Ontoto to provide efficient solutions for the mining sector, replacing legacy operators in the country. Nexxiot, provider of IoT solutions to monitor operations, is collaborating with Australian rail consultancy RSA to address challenges in the rail sector. Such collaborations demonstrate the maturity of Swiss technology and are a stepping stone for start-ups in their expansion journey.

Stable growth can also be reached by expansion and building a team in new markets. Technis, provider of AI-driven solutions to help retailers analyse customer behaviour, has established an office in Bangkok.

The DACH region is often the first entry point for Swiss start-ups. Neustak, which captures and stores green gas emissions in concrete, energy storage solutions provider Aurora’s Grid and Refluenced are taking a similar trajectory. With the closing of a six-digit financing round, Refluenced is able to take its companies-and-influencers matchmaking platform to the German market. Renowned brands in Switzerland already use the platform, enabling more than 2,600 matches in just 10 months.

Not many financing rounds took place this week, but the announcement of Epiterna’s EUR 10 million investment from Prima Materia, Spotify founder Daniel Ek’s investment firm, made waves. After 15 years of research into ageing and positive pre-clinical results, the longevity start-up exited the stealth mode and is now ready to kick off clinical studies in its attempt to slow down the ageing process. Biotech start-up KetoSwiss has also secured additional capital to promote its medical foods to treat migraines.

As the summer break slowly winds down, events you should not miss include presentation of the start-ups selected for venture leaders Medtech and Cleantech on 10 and 17 August, respectively.

Have a good weekend.

Ritah Ayebare Nyakato
Duty Editor, Startupticker.ch