Review of the year 2019
Today we look back on an exciting, labour-intensive and above all successful year 2019. We would like to take this opportunity to thank you, dear founders, investors, advisors and partners, for the trust you have placed in us and for the valuable cooperation. Your support has made a significant contribution to our further development as a venture capital company. In the following you will find an overview of the highlights that have shaped our year 2019. This certainly includes our annual "EquityPitcher Come Together", which was again a great event in 2019 with over 100 participants. One of the most important highlights was certainly the launch of our second fund, through which the first investments were already made. In the course of the year we also established and promoted further valuable relationships with important institutions and co-investors, with whom we were able to further enhance our standing in the market.
Highlights Portfolio Startups
RightNow, was able to celebrate the establishment of new verticals, the acquisition of a start-up company and the conclusion of another successful financing round. The new shareholders now include the founders of the travel platform Trivago. Futurae benefits from the new PSD2 regulation and was able to convince several well-known customers of its products. In addition, Sandra Tobler was voted one of the most successful female entrepreneurs in Switzerland by the Handelszeitung. ROOMZ closed another financing round and is now expanding as the Swiss market leader throughout Europe. Xatena was able to multiply its transaction volume from approximately CHF 8 million to over CHF 60 million in 2019 alone. Cormo has ventured into the USA through a joint venture. At the same time, the state of Indiana has promised subsidies of 30 million USD for Cormo USA. vestr hat mit Julius Bär einen grossen Ankerkunden gewinnen können. YukkaLab hat es geschafft, der erste Partner der neuen avaloq Plattform zu werden. Nach anfänglichen Sales Schwierigkeiten im Jahr 2019 konnten iLocator and Navus both successfully adapted their business model in order to further accelerate their growth.
We are very proud of the fact that ALL our portfolio companies - which contradicts all existing statistics - have developed positively! A further statement is that these 10 portfolio companies have received a total of more than CHF 27 million in fresh capital since the beginning of 2018, which gives an additional boost to the growth of each individual company.
First successes with new portfolio companies
The leading Swiss teledermatology provider from St. Gallen was able to raise CHF 2 million in fresh capital in 2019. The greatest success is certainly the subsequent successful expansion into Germany. Thanks to an exclusive partnership agreement with the Professional Association of German Dermatologists, more than 150 new dermatologists were attracted to the OnlineDoctor platform just a few weeks after market entry!
The first gaming start-up in our portfolio successfully completed a CHF 3 million financing round. Co-investors include Ringier Digital Ventures, Alpana Ventures, Swiss Founders Fund and Wingman Ventures. AirConsole is making great progress in the B2B area and focuses on the implementation in TV boxes (e.g. partnership with Swisscom).
Customer service by customers is the motto at Guuru, which received CHF 2.7 million in fresh capital in 2019. EquityPitcher is a joint venture between investee, Swiss Post, MS Direct Group, and Wayra UK. Guuru was able to convince many new customers in 2019 and thus increase its revenues by over 150% from Q2 to Q3 alone.
In 2019 we have tested a total of over 1000 start-ups. Thanks to the good preparation, our deal pipeline is full to bursting with potential deals for 2020.
We are currently focusing on the closing of the EquityPitcher Venture Fund and are in the process of closing several investments simultaneously.
We look forward to another successful year 2020 and wish you all the best for the new decade!
With kind regards,
Hermann & Sascha