Spicehaus Partners Fund: 50 Million CHF for Digital Transformation Startups

The Spicehaus Swiss Venture Fund was launched in 2019 with a target size of CHF 50 million investing in start-ups that drive digital transformation. The latest investments of the Spicehaus Swiss Venture Fund are in the areas of fintech, robotics, and cybersecurity.

Teddy Amberg

One of the founders, Teddy Amberg helped to build the Swiss fintech start-up CreditGate24, a lending platform in Switzerland. His partner Daniel Andres co-founded the trading company dakuro. So far, the two partners have invested in 21 startups and were part of some of the largest exits in Switzerland: MOVU (bought by Baloise) and Bexio (bought by Mobiliar).

Spicehaus’ investment strategy is characterised by its preference for real business models that have the potential to be self-sustaining in the long-term. They invest in early phases from “proof of concept”, i.e. finished products and first paying customers. Up to CHF 1.5 million is invested per start-up (CHF 250-500k in a first round and a possible follow-on of up to CHF 1 million).

Daniel Andres

The latest investments of the Spicehaus Swiss Venture Fund are in the areas of fintech, robotics and cybersecurity.

The fintech AMNIS offers SMEs an online platform for foreign currency hedging, risk management and international payments at very attractive conditions. AMNIS already has more than 400 corporate clients in Switzerland and is using the funding round to accelerate its international growth.

KEMARO has developed a fully automated cleaning robot for industrial dry cleaning. The robot uses algorithms and artificial intelligence to clean large industrial areas autonomously and without pre-installation. Well-known wholesalers and logistics providers are already among its customers.

The ETH spin-off xorlab proactively protects companies from e-mail attacks with the help of machine learning. Phishing is a rapidly increasing fraud attempt and has increased further since the launch of COVID-19. The proactive software detects attacks early on and prevents or reduces risks and damage. Financial institutions and large companies already use xorlab’s software.

From their own experience, Teddy Amberg and Daniel Andres know what it takes to build a company. Spicehaus therefore sees itself as an active investor and actively supports its investments.

The fund is still open to investors.

Featured image credit: Spicehaus