The Week in Swiss Startups (15-19.1.2024) - Week #3
The third week of Jan '24 features 10 startups and 2 exits. A personal update and the pattern of successful startups! Discover three open roles in Swiss VCs!
Hi there!
Big news today! Two Swiss biotech startups, Timeline and Stalicla, raised two growth rounds worth $81 million in combined funding! Congratulations to the teams!
On a personal note, I'm thrilled to announce that I've joined Google as a Business Development Lead for AI Startups! After three years at AWS, I'm excited to be part of Google's AI team. The speed of innovation and the VC investment volume in AI are truly staggering, and I can't wait to support the next generation of AI entrepreneurs! Switzerland is a hotbed of AI development, with ETH and EPFL leading the way!
I'm also a big fan of data and insights. Dr. Andre Retterath and his team at Earlybird analyzed 25,000+ startups and found some fascinating patterns of successful companies:
The ideal team size for startups is 3-6 executives. Single-founder startups have the lowest success rate.
The CEO should be a founding member. External CEOs often struggle to lead and motivate the team.
Older teams tend to be more successful, but there's not a huge difference between 25 and early 40s.
Masters and PhDs are equally beneficial for startups. Bachelor's degrees and no degrees are less successful.
You can find more stats and insights here.
I hope you found this interesting! Let me know if you have any questions or feedback.
Have a great week!
Gian
P.S.: Do you want to support/sponsor the weekly newsletter? Discover your options here!
Financing round
B2B SaaS
Tune Insight: €1.8M - Grant
Biotech
Timeline: CHF 56M - Series D
Stalicla: $17.4M - Series B
Cleantech
BTRY: CHF 900k - Pre-seed
Zelsius: CHF 150k - Grant
Aerospec: CHF 100k - Convertible Loan
Rematter: CHF 100k - Convertible Loan
Fintech
RELAI: Undisclosed
Materials
TexUp: CHF 150k - Grant
Medtech
Odne: Undisclosed
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Exits
Rayner acquires Sophi
Basilea Pharmaceutica acquires Spexis preclinical antibiotics program
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Swisspreneur Podcast
Listen to Pascal Koenig & Sophie Lamparter: A Fundraising Masterclass in 40 Minutes - EP #371
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Jobs in Swiss VCs
News
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