The document is Tracxn's monthly report on Switzerland Tech for March 2022. Some key highlights include: - Total funding in Switzerland Tech was $174M with 14 funding rounds. Yokoy was upgraded to a soonicorn. - Notable funding rounds included a $80M Series B for Yokoy and $15M Series A for Decentriq. - New investors included Biople, Eclipse, Redstone, and Singular. Top funded business models in the past year included cryptocurrency banking and immunotherapy.

1. TRACXN MONTHLY REPORT
MARCH 2022
SWITZERLAND TECH

2. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
Switzerland Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 8
Top Funded Business Models - last 1 year 10
New Analyst Picks 11
Acquisitions 13
Recent News 14

3. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Switzerland Tech Snapshot – March 2022
Switzerland Tech: Snapshot – March 2022
Note : "Investors" refers to "Institutional Investors" only
3
$174M
14
Overall Geo Stats
20
4
49
15
23
Funding Rounds $ Invested Analyst Picks
Yokoy Upgraded to
SOONICORN
New Investors
Biople
Eclipse
Series A+ rounds Active Investors IPOs Acquisitions
PDF Tools
Medgate
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Zurich
(7 Rounds, $104M)
Lausanne
(6 Rounds, $27.7M)
Winterthur
(2 Rounds, $6.4M)
Renens
(2 Rounds, $434K)
$80M - Series B
Yokoy (2019, Zurich, $108M)
$15M - Series A
Decentriq (2018, Zurich, $18.8M)
$14M - Series A
Altoida (2016, Lucerne, $21.5M)
$12.9M - Series B
Flummox (2020, , $12.9M)
Venture Kick
(2 Investments)
Verve Ventures
(2 Investments)
Btov
(2 Investments)
Biople
(2 Investments)
Payments
Yokoy
Finance & Accounting Tech
Online Travel
Healthcare IT
Altoida
Market Size
Companies Covered 7,340
Funded Companies 1,866
Total Funding $18.3B
Funding in last 12 months $3.2B
Top Exits
IPOs 66
Acquisitions 349
Company Stage
Unicorns 5
Soonicorns 40
Minicorns 167
Editor Picks 865
Series A+ 473
Series C+ 101
Acqui-Hires 2
Deadpooled 425
Top Cities
Zurich (567 Rounds, $4.4B)
Lausanne (234 Rounds, $1.7B)
Top Investors
Venture Kick (253 Investments)
Venturelab (135 Investments)

4. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Switzerland Tech as of March 2022
Switzerland Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2022)*
Yokoy
(2019, Zurich, $108M)
$80.0M - Series B Sequoia Capital
Decentriq
(2018, Zurich, $18.8M)
$15.0M - Series A Eclipse
Altoida
(2016, Lucerne, $21.5M)
$14.0M - Series A Merck Ventures
Flummox
(2020, , $12.9M)
$12.9M - Series B Fasanara
NeuralConcept
(2018, Lausanne, $9.3M)
$9.1M - Series A Alven
Holo|one
(2015, Staufen, $9.2M)
$8.0M - Series A Micron
AELER Technologies
(2016, Lausanne, $8.7M)
$7.5M - Seed Decisive
Teylor
(2018, Zurich, $7.0M)
$7.0M - Series A Ilavska Vuillermoz Capital
Scewo
(2017, Winterthur, $3.2M)
$6.4M - Series A
Sparta
(2020, , $6.0M)
$6.0M - Series A Singular
Daphne Technology
(2015, Lausanne, $16.1M)
$4.3M - Series B ONE CREATION
*Shows only the lead Investors

5. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/3)
List of Funding Rounds in Switzerland Tech in March 2022
Switzerland Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
$433.8K - Series A
SEED Biosciences (2018, Renens, $1.5M)
Developer of programmable robotic liquid handling
systems
FIT
EARLY STAGE
$1.9M - Series A
Sleepiz (2018, Zurich, $8.3M)
Provider of an AI-based sleep monitoring device for
patients and physicians
Innosuisse, Venture Kick, European Commission,
Zurcher Kantonalbank, Verve Ventures
EARLY STAGE
$3.2M - Series A
Scewo (2017, Winterthur, $3.2M)
Developer of an electrical wheelchair for disabled
individuals
EARLY STAGE
$3.2M - Series A
SCEWO (2015, Winterthur, $12.4M)
Manufacturer of wheelchairs with self-balancing and
stair climbing technology
EARLY STAGE
$4.3M - Series B
Daphne Technology (2015, Lausanne, $16.1M)
Provider of nanotech-enabled emission control
systems and filters
ONE CREATION, Swisscom Ventures
EARLY STAGE
$6.0M - Series A
Sparta (2020, , $6.0M)
AI-based commodity trading database
Singular
EARLY STAGE
$7.0M - Series A
Teylor (2018, Zurich, $7.0M)
Cloud-based lending marketplace for businesses
Ilavska Vuillermoz Capital, WENVEST Capital,
Weisshorn, Didier Denat, Ludovic Chechin Laurans, and
1 more
EARLY STAGE
$8.0M - Series A
Holo|one (2015, Staufen, $9.2M)
Provides AR platform to present products and content
in AR as well as custom applications for the B2B market
Micron, Lenovo, Verve Ventures, Redstone, Forefront
Venture Partners

6. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/3)
List of Funding Rounds in Switzerland Tech in March 2022
Switzerland Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
EARLY STAGE
$9.1M - Series A
NeuralConcept (2018, Lausanne, $9.3M)
Developer of artificial intelligence algorithmic platform
Alven, Aster Capital, HTGF, Constantia New Business
EARLY STAGE
$12.9M - Series B
Flummox (2020, , $12.9M)
Platform acquiring eCommerce brands
Fasanara, Raffaele Terrone, Stefano Pardi
EARLY STAGE
$14.0M - Series A
Altoida (2016, Lucerne, $21.5M)
Provider of a AI-based app which can predict the onset
of Alzheimer's
Merck Ventures, Whitecap Venture Partners,
HonorHealth, Hikma Ventures, Alpana Ventures, and 3
more
EARLY STAGE
$15.0M - Series A
Decentriq (2018, Zurich, $18.8M)
Cloud based platform offering data clean rooms for
confidential computing
Eclipse, Paladin Capital, Btov, Atlantic Labs
EARLY STAGE
$80.0M - Series B
Yokoy (2019, Zurich, $107.8M)
SaaS and AI-driven spending and card management
solutions for businesses
Sequoia Capital, Left Lane Capital, Swisscom, Zinal,
Balderton Capital, and 3 more
EARLY STAGE
Series B
FlowBank (2020, Geneva, $11.8M)
App-based platform for investment for CFDs, stocks,
bonds, and ETFs
CoinShares
SEED STAGE
$107.3K - Seed
KAEX (2016, Zurich, $107.3K)
Developer of a biomolecules-based supplement for
after alcohol consumption
SEED STAGE
$161.2K - Seed
Groam (2021, Zurich, $161.2K)
Provider of solutions to convert agriculture waste into
foamed biomaterials
Venture Kick
SEED STAGE
$759.1K - Seed
Twenty (2021, Lausanne, $759.1K)
Provider of QR-based payments solutions for
businesses

7. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (3/3)
List of Funding Rounds in Switzerland Tech in March 2022
Switzerland Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
7
SEED STAGE
$7.5M - Seed
AELER Technologies (2016, Lausanne, $8.7M)
Offers AI-enabled shipping container management
solutions
Decisive, Virtual Network, A SONS, MaC Venture
Capital,
SEED STAGE
Seed
BigOmics (2018, Bellinzona, $1.9M)
Developer of cloud-based self-service data analytics
platform for the healthcare industry
Eppendorf
SEED STAGE
Seed
Caplena (2016, Zurich)
Machine learning solution for NLP and image
recognition applications
SEED STAGE
Seed
Plastogaz (2019, )
Provider of technology to convert plastic waste into
chemicals
Dow Chemical Company
SEED STAGE
Seed
Testmate (2020, Renens, $1.7M)
Provider of urine test strips for detection of sexually
transmitted diseases
Biople
SEED STAGE
Seed
Atinary (2020, Lausanne)
AI-based R&D operation automation platform for
science labs
Biople

8. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Switzerland Tech in March 2022
Switzerland Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Biople
2 portfolio companies | Biopôle - Discover a vibrant life sciences community
Testmate
Provider of urine test strips for detection of sexually transmitted
diseases
Undisclosed Seed
Eclipse
61 portfolio companies | Early stage venture capital firm investing in multiple
sectors
Decentriq
Cloud based platform offering data clean rooms for confidential
computing
$15.00M Series A
Redstone
6 portfolio companies | Redstone is a Berlin-based venture capital firm
Holo|one
Provides AR platform to present products and content in AR as well as
custom applications for the B2B market
$8.00M Series A
Aster Capital
44 portfolio companies | VC firm that does early to growth stage investment
globally
NeuralConcept
Developer of artificial intelligence algorithmic platform
$9.10M Series A
Micron
17 portfolio companies | Developer of non-volatile memory devices
Holo|one
Provides AR platform to present products and content in AR as well as
custom applications for the B2B market
$8.00M Series A
Singular
15 portfolio companies | Venture capital firm
Sparta
AI-based commodity trading database
$6.00M Series A
Decisive
4 portfolio companies | Provider of wealth management services
AELER Technologies
Offers AI-enabled shipping container management solutions
$7.55M Seed
Weisshorn
1 portfolio companies | Provider of wealth & investment management and
advisory services for real estate industry
Teylor
Cloud-based lending marketplace for businesses
$6.97M Series A
Ilavska Vuillermoz Capital
6 portfolio companies | Venture capital firm focused on long-term investments
Teylor
Cloud-based lending marketplace for businesses
$6.97M Series A
Forefront Venture Partners
25 portfolio companies | VC firm focused on seed & early stage investments
Holo|one
Provides AR platform to present products and content in AR as well as
custom applications for the B2B market
$8.00M Series A

9. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Switzerland Tech in March 2022
Switzerland Tech: List of New Investors
9
Investor Company Info Round Amount Round Name
MaC Venture Capital
42 portfolio companies | Early stage investments focused VC firm
AELER Technologies
Offers AI-enabled shipping container management solutions
$7.55M Seed
WENVEST Capital
8 portfolio companies | Venture capital fund focused on SaaS startups
Teylor
Cloud-based lending marketplace for businesses
$6.97M Series A
ONE CREATION
1 portfolio companies | Foundation fund focused on development of
environmental technologies
Daphne Technology
Provider of nanotech-enabled emission control systems and filters
$4.27M Series B
Eppendorf
1 portfolio companies | Develops and markets products related to life science
labs
BigOmics
Developer of cloud-based self-service data analytics platform for the
healthcare industry
Undisclosed Seed
Zinal
3 portfolio companies | Limited information available
Yokoy
SaaS and AI-driven spending and card management solutions for
businesses
$80.00M Series B
tiger8.com.cn
1 portfolio companies |
AELER Technologies
Offers AI-enabled shipping container management solutions
$7.55M Seed
A SONS
1 portfolio companies | AFFLELOU & SONS – our entries in the capital of
innovative startups
AELER Technologies
Offers AI-enabled shipping container management solutions
$7.55M Seed
Whitecap Venture Partners
28 portfolio companies | VC firm that does early stage investment in the US and
Canada
Altoida
Provider of a AI-based app which can predict the onset of Alzheimer's
$14.00M Series A
HonorHealth
3 portfolio companies | Health system
Altoida
Provider of a AI-based app which can predict the onset of Alzheimer's
$14.00M Series A
Fasanara
29 portfolio companies | Diversified investment management firm
Flummox
Platform acquiring eCommerce brands
$12.90M Series B

10. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
10
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲18 Cryptocurrency Banking $240M 2 Sygnum | $120M | Series B
2 ▲15
Immunotherapy > Small Molecule > Innate Immune
System
$138M 3 Bright Peak T.. | $107M | Series B
3 ▼-2 Drugs for Multiple Cancer Types $128M 6 Bright Peak T.. | $107M | Series B
4 ▲34 Pan-Cancer Drugs $119M 1 Anaveon | $119M | Series B
5 -- Insulin Delivery Patches $115M 1 CeQur | $115M | Series C
6 -- Drug Delivery Patches $115M 1 CeQur | $115M | Series C
7 -- OT Security $114M 2 Nozomi Networks | $100M | Series D
8 -- Corporate Travel Expense Management $106M 2 Yokoy | $80.0M | Series B
9 -- Corporate Travel & Expense Cards $106M 2 Yokoy | $80.0M | Series B
10 -- Internet First Corporate Prepaid Expense Cards $106M 2 Yokoy | $80.0M | Series B

11. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Switzerland Tech in March 2022
Switzerland Tech: Analyst Picks
11
Upgraded to SOONICORN
Yokoy (2019, Zurich, $1.8M, Seed)
SaaS and AI-driven spending and card management
solutions for businesses
Sequoia Capital, Speedinvest, Visionaries Club and 10
other Investors
Upgraded to MINICORN
Sparta (2020, , $6.0M, Series A)
AI-based commodity trading database
Singularand
Upgraded to MINICORN
Teylor (2018, Zurich, $7.0M, Series A)
Cloud-based lending marketplace for businesses
Ilavska Vuillermoz Capital, Didier Denat, Weisshorn and
3 other Investors
Upgraded to MINICORN
Flummox (2020, , $12.9M, Series B)
Platform acquiring eCommerce brands
Fasanara,Raffaele Terrone,Stefano Pardiand
Added to Editor's Pick
Mootral (2008, Rolle, $7.6M, Series A)
Animal feed supplement for reducing methane
emissions
Thomas McInerney, Lowercase Capital, FJ Labs and 7
other Investors
Added to Editor's Pick
Virtual i (2017, Zurich, Undisclosed, Seed)
Risk management solutions for insurers
Nanoflex Robotics, Falcon Network, APY Ventures and
2 other Investors
Added to Editor's Pick
Gnubiotics Sciences (2016, Monthey, $30.8K, Seed)
Developing microbiome modulating prebiotic solutions
Venture Kick,KFH Investmentsand
Added to Editor's Pick
Adaptyv Biosystems (2021, Lausanne, $125K, Seed)
Developer of high-throughput antibody engineering
platform
Wingman, Acequia Capital, Rheingau Founders and 9
other Investors

12. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Switzerland Tech in March 2022
Switzerland Tech: Analyst Picks
12
Added to Editor's Pick
Scewo (2017, Winterthur, $3.2M, Series A)
Developer of an electrical wheelchair for disabled
individuals
Added to Editor's Pick
ZITADEL (2019, St. Gallen, Unfunded)
Provides passwordless authentication solutions
Nexus Venture Partnersand
Added to Editor's Pick
Beyond Gravity (1999, Zurich, Unfunded)
Manufacturer of satellites and launch vehicles
Added to Editor's Pick
Feey (2019, Uzwil, Unfunded)
Online platform offering ornamental plants for home
growers
Zianoand
Added to Editor's Pick
Innoterra (2004, Zug, Unfunded)
Provider of a tech-based platform to strengthen the
value chain of the food ecosystem
Added to Editor's Pick
Additive Professionals (, Rothrist, Unfunded)
Provider of tech-enabled on-demand industrial 3D
printing services
Added to Editor's Pick
Manoa (, Zurich, Unfunded)
Mobile app for recording blood pressure

13. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Switzerland Tech in March 2022
Switzerland Tech: Acquisitions
13
Acq. Date Company Acquirer Deal Size
07 Mar 2022
PDF Tools(2002, Zurich)
Provider of tools for document management
Smallpdf $30.0M
10 Mar 2022
Medgate(1999, Basel)
Telemedicine company
Otto Group
14 Mar 2022
Asyril(2007, Villaz-saint-pierre)
Developers of industrial feeding systems and delta robot
Capiton
21 Mar 2022
1plusX(2014, Zurich, $17.8M)
AI-based predictive data management platform
TripleLift

14. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Switzerland Tech in March 2022
Switzerland Tech:News
14
Exit News
.
● Taro to Acquire Alchemee From Galderma Business Wire India
.
● Blockchain Startup Elrond Acquires Twispay and Secures E-Money License
Coinspeaker
.
● Holcim Completes Roofing Acquisition rockproducts.com
.
● TripleLift Acquires 1plusX to Bring First-Party Data to Publishers & Advertisers
PR Newswire
.
● WeWork rival IWG to merge digital assets with The Instant Group The Business
Times
.
● Smallpdf acquires leading document processing technology provider, PDF
Tools PR Newswire
.
● Thompson Street Capital Partners portfolio company Len the Plumber acquires
Canady’s Heating, Air, PlumbingPrivate Equity Wire
.
● Omya Acquires Specialty Chemical Distributor Hall Technologies.
coatingsworld.com
.
Fund News
.
● Nexo Ventures to Invest $150 Million in Web3 Startups and Institutions Finance
● David Lavorel Takes Over as SITA CEO FindBiometrics
.
● Chainlink Labs Hires Diem CTO Dahlia Malkhi to Lead Research CoinDesk
.
● Board International Appoints Rachael Baig as Director of Strategic Programs
Business Wire
.
● Planet Appoints Brent Warrington as CEO to Lead Transformation and Create
Global Technology Leader Business Wire
.
● Jonathan Abon and Jordan Gremli join Utopia Music in VP Product roles
TechiLive.in
.
● Board International Appoints Louis Peacock as Chief Customer Officer Business
Wire India
.
Company News
.
● SME lender Tradeplus24 launches in the UK Finextra
.
● Santhera and ReveraGen Start Rolling NDA Submission to the FDA for
Vamorolone for the Treatment of Duchenne Mu... GlobeNewswire
.
● Aurachain enters North American market Business Review

15. Switzerland Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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Explore more about Switzerland Tech on Tracxn Platform
Switzerland Tech: Explore more on Tracxn Platform
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