22. April 2021 by kmoeller 0 Comments

Welcome rready

Today we give a warm welcome to our newest family member in our portfolio. rready has already convinced well-known companies such as Siemens Energy, Roche, Implenia and SBB with its first product "KICKBOX". In an interview, the CEO of rready, Dave Hengartner, presents the innovation platform.

What is rready?

rready is an innovation-as-a-service platformthat helps companies implement and scale Intrapreneurship and Innovation The first product KICKBOX was initially developed under the brand GETKICKBOX under Swisscom. When we rolled out the Kickbox methodology 3 years ago, we noticed that there was a high demand in this area. To become Category Leader in Corporate Innovation, we need to complement the existing product with additional products and services to establish ourselves as a global innovation player. That is why we established the umbrella brand rready As a result, GETKICKBOX, as KICKBOX has been integrated into the product range with the new products IMPROVE and FEEDBACK.

What are the products KICKBOX, IMPROVE and FEEDBACK?

“KICKBOX” is like the name already says, the kickboxing method. The Kickbox method is a well-known innovation concept, that we have developed further. Employees receive a physical toolbox and access to the platform.
Here you can find more information about "KICKBOX"

 

For our new product"IMPROVE" we have developed an app for improvement management. This program gives the opportunity to optimize the processes of the company for its employees as well as for the customers.
Here you can find more information about "IMPROVE".

 

“FEEDBACK” is a tool to test ideas and prototypes easily and quickly. Innovators are offered the opportunity to collect feedback from members of their organization in a decentralized and fast way.
Here you can find more information about "FEEDBACK".

 

Are there any other products planned?

Our goal is to establish the 3 products first, but we already have an idea for a 4th product in the area of Open Innovation, for the collaboration of companies with startups. Furthermore, there are also further development opportunities for existing products, such as KICKBOX requests for ideas for specific problems in the public or at universities. As an example, Swisscom could not only look for ideas for 5G internally, but also externally. Or Siemens is currently promoting their challenges at universities via our software.

 

What is your vision with rready?

Our vision is to build an innovation ecosystem that enables cross-industry collaboration by allowing people to work together across companies through the software. This is currently happening at Switzerland Tourism and SBB, who have launched a joint sustainability initiative using our software. Our goal is to become the leading SaaS platform for automating innovation processes in large enterprises.

Kickbox_Eco

The rready team has impressed us from the beginning with their ambitious mindset and great drive. We are happy to support rready in bringing and establishing intrapreneurship and innovation in large organizations.

7. April 2021 by kmoeller 0 Comments

Financing round: Futurae

Futurae closes oversubscribed Series A financing round!

We are pleased to announce that our portfolio company Futurae has completed an oversubscribed Series A financing round in the amount of 5 million. As one of the high flyers in our portfolio, which has performed very well over the last years, we were also able to participate in this round. The Series A is led by the new lead investor Euroclear and and Co-Investors such as AXA Venture Partners and ZKB. The fresh capital gives Futurae the opportunity to accelerate its international expansion and and product development.

Sandra Tobler, CEO of Futurae, said:
“The customer authentication market is stuck with insecure and unusable solutions that dampen user engagement and break the digital journey. The main driver of our rapid growth, besides the high usability and ease of integration, is the fact that we help our customers to massively reduce their high support costs”

Since our first investment in 2018 we have been able to build a trusting relationship with the founders of Futurae and we particularly appreciate the professional and smooth cooperation. In the past years, the team has been able to convince with a highly competitive and scalable product and grow strongly. and The coronavirus pandemic in particular created new challenges for companies as they had to adapt to an operating model where working from home has become the "new normal". The crisis accelerated the trend of digital transformation, and cybersecurity must now be a key issue. Demand has increased significantly, especially in the financial and healthcare industries. The ETH spin-off was able to convince with its authentication suite, that modular solutions that can be implemented easily and quickly for the individual needs of the companies.

We are looking forward to our joint journey with the Futurae team and are pleased to welcome Euroclear as a strong co-investor on board.

Click here for the full press release.