Participated · Equity · May 2024

Anapaya develops network solutions based on the SCION architecture, designed to mitigate denial-of-service attacks, provide strong authentication, and resist routing attacks. The company has been a major manufacturer of SCION infrastructure and has deployed systems in Swiss banking and healthcare sectors. Anapaya operates secure points-of-presence in over 60 data centers worldwide, enabling customers to connect from diverse locations. The firm recently closed a CHF 10 million funding round to support its growth. Planned uses of the funds include international expansion, accelerated growth in Switzerland, and diversification into new industries such as energy and payment systems. Anapaya is also promoting migration of critical internet services to SCION through its products and PoP network. Anapaya Systems, founded in 2017 by Adrian Perrig, David Basin, Peter Muller, and Samuel Hitz, develops SCION-based internet architecture to provide secure, high-availability communication. Its core product is SCION-based secure Points-of-Presence (PoPs) and networking software that combine explicit trust information, failure isolation, and route control to deliver secure, performant connectivity. The company operates PoPs in over 60 data centres worldwide, including locations in Italy, France, Germany, Indonesia, Singapore, Hong Kong, and South Korea. Anapaya has delivered the Secure Swiss Finance Network (SSFN) for institutions including the Swiss National Bank, SIX, Swisscom, Sunrise, and SWITCH. The firm plans to expand the SCION network into Web3 communications, partnering with Mysten Labs to set standards for security, availability, and performance for the Sui blockchain. Anapaya recently secured €1.8M in funding from Mysten Labs to support development of SCION-based Web3 infrastructure.

Led · Equity · Apr 2024

Bridgewise is a London-based provider of an AI-based analysis platform for global securities. It has developed proprietary AI technology and language models to deliver AI-generated reports, on-demand analysis of any financial instrument, a natural-language chat called Bridget™, and a robo-advisor that provides recommendations based on users' existing portfolios. The platform offers a suite of products aimed at financial institutions and service providers. Bridgewise serves over 50 institutional clients across 15 countries and has delivered more than 10 million analyses in 22 languages. The company raised $21M in a funding round led by SIX Group with participation from Group11, L4 Venture Builder and others, and said it will use the funds to accelerate market penetration and growth. CEO Gaby Diamant framed the financing as a milestone in closing knowledge and accessibility gaps across global capital markets. BridgeWise (formerly Deshe Analytics) deploys generative AI algorithms to analyze more than 44,000 public companies and generate research reports and detailed buy/sell/hold recommendations much faster than human analysts. The company’s core product is an AI-powered equity research platform used by financial advisors, investment managers, small-to-mid-sized businesses, and certain retail customers via online brokerages. BridgeWise plans to use its new funding to push the platform into new global markets and to enhance the user interface and functionality. The company also intends to incorporate ESG data into its analyses. The founding team includes Gabriel Diamant (CEO), Dor and Or Eligula (CBO and COO), and Mor Hazan (VP of Product). BridgeWise is based in Tel Aviv, Israel and will deploy the raised capital to accelerate product and market expansion. Deshe Analytics builds AI-driven algorithms that analyze public companies worldwide and generate a research report for every stock. The company delivers equity reports for over 44,000 stocks across 134 exchanges. Its machine-generated, bias-controlled recommendations aim to surface untapped investment opportunities. Deshe seeks to provide coverage in every language for all global financial instruments and become the industry standard for financial research. The company intends to use the new funding to further develop its suite of products. Deshe was founded in 2019 by Gaby Diamant, Dor and Or Eligula, and Mor Hazan and is based in Tel Aviv and Los Angeles.

Participated · Series B · Jul 2021

TP24 offers flexible revolving business credit to SMEs that is secured against outstanding invoices while leaving the debtor base with the client. The company provides loans from £250,000 to £5,000,000 to eligible UK SMEs that have been operational for at least three years and maintain a debtor base above £350,000. TP24 was launched in Switzerland in 2018 and has since opened branches in Australia (2019), the UK (2021) and the Netherlands (2022); it is London-based and privately owned. Its main shareholders include Credit Suisse, SIX Group and Berliner Volksbank Ventures. The firm intends to use new funding to expand operations and increase lending to SMEs in the UK and the Netherlands, and to support its Australian lending capacity. The product differentiates from factoring by not taking over outstanding invoices. TP24 is a Zurich, Switzerland-based, data-driven business lender that provides receivables-backed working capital facilities to mid-sized companies. Its financing solution offers over-collateralized security and an insurance wrapper to increase protection for debt investors relative to alternative lenders. The company aims to reduce SMEs' dependence on banks by supplying needed liquidity. TP24 received a mezzanine funding facility from Channel Capital Advisors; the amount was not disclosed. It intends to use the funds to free up equity capital to accelerate business growth and pursue global expansion plans. No revenue or user metrics were disclosed in the article. Tradeplus24 offers a tech-enabled line of credit solution aimed at addressing SME working capital needs, especially loans between $500k and $10 million. The product leverages data to manage risk more effectively and to create bespoke solutions for priority segments. The company has been investing in technology and growing its teams, with its Australian team doubling in four months and the global team also doubling this year. Tradeplus24 reported strong customer growth, trebling customer numbers in Q2 2021. The firm is using new capital to expand Australian and European operations and to launch into the UK and the Netherlands later in the year. It has secured more than $200 million in total debt facilities across the group and plans to increase that to $400 million by the end of 2021. Tradeplus24 offers worldwide receivables-backed lending solutions that make raising working capital simpler and more cost effective for SMEs and mid-market companies. Launched in late 2016 and based in Zurich, the company is exclusively partnered with Credit Suisse and insurance advisor Kessler & Co AG (Marsh Network). Its solution is integrated into Credit Suisse’s product portfolio for SME clients and client feedback has been reported as very positive. Tradeplus24 announced plans to double down on the Swiss market and begin global expansion. Financially, the company reported that its Series A plus credit facilities sum to CHF120m in total, though it did not disclose the split between equity and debt. The firm previously secured a credit facility of more than CHF100m in 2017; industry estimates place the Series A equity tranche between CHF4–8m. Tradeplus24 offers an automated lending product that enables SMEs and mid-market firms to increase working capital by lending against global accounts receivable. The company positions its product to address lengthening payment terms and the growing share of turnover in emerging markets. Tradeplus24 plans to use recent proceeds to scale up support and delivery of its automated lending solution and further product development. The firm is Zurich-based and targets SME and mid-market segments across Europe and beyond. Credit Suisse, via its SVC-Ltd vehicle, will also offer Tradeplus24’s product to Credit Suisse customers in Switzerland, expanding distribution reach. The company emphasized the solution’s simplicity and automation as core differentiators for stressed working capital environments.

Participated · Seed · Jun 2021

Edgeless Systems develops open source software for confidential computing, centered on its Constellation platform. Constellation leverages confidential computing to isolate and runtime-encrypt entire Kubernetes deployments, letting enterprises use the public cloud like their private cloud and preventing access by hackers, cloud admins, and foreign governments. The system and its associated tools are already being used by hundreds of developers and DevOps engineers at companies such as Bosch, IBM and Intel. Founded in 2020 and led by CEO Felix Schuster, the Bochum-based company raised $5M in Seed funding led by SquareOne with participation from angel investors Evan Weaver, Mirko Novakovic, Paolo Negri, Mathias Biilman and Chris Back. The company intends to use the funds to sustain its product lead, expand into the United States, add features to Constellation, and build out its marketing and sales teams. Edgeless Systems develops a high-security relational database for the cloud that combines secure hardware with innovative software engineering to deliver end-to-end encryption and verifiability. The company was founded in 2020 by Felix Schuster (formerly at Microsoft) and Thomas Tendyck (formerly at G Data) and is based in Bochum in the Ruhrgebiet. Edgeless has adopted an open-source market-entry strategy and plans to monetise via paid premium features and SaaS offerings built on that base. It cites partners such as Intel and aims to make confidential computing easy to use, scalable, and integrable for cloud and AI use cases. The startup recently secured €1.45 million from investors and intends to use the funds to grow its developer and engineering team and to strengthen marketing and sales. Edgeless expects to become a visible standards-setter in confidential computing and to ship commercially successful products and large projects—such as end-to-end secure AI pipelines for connected vehicles—within a year.

Led · Seed · Mar 2020

Yokoy provides midsize to enterprise customers with a software-first spend management platform that automates expense management, supplier invoice handling, and corporate card processes using AI and API integrations. The product offers customizable process flows, integration with major third-party tools, and a self-learning algorithm that continuously optimizes workflows. The company says it can substantially reduce legacy expense-processing costs and cites a customer-base claim of optimising spend for over 80,000 employees. Yokoy counts more than 500 clients including DPD Group, ASK Chemicals, On, and Bitpanda, and has grown to a team of over 100 employees. The three-year-old, Zurich-based company will use the new funding to accelerate international expansion, continue R&D in its AI, and expand its team. To date Yokoy has raised approximately $107.8 million. Yokoy offers an AI-based full spend management suite that combines automation, API integrations and machine learning developed in its own research lab. The platform bundles expense management, supplier invoice management and corporate credit cards in a single tool, underpinned by security and stability. Midsize to enterprise customers can configure Yokoy to fit their global corporate structure and business processes. The company serves more than 400 midsize and enterprise customers worldwide, including DPD Group, Stadler Rail, Russia’s Sberbank and Swissquote. Founded in 2019 and led by CEO Philippe Sahli (with CTO Dr Devis Lussi, CCO Lars Mangelsdorf, CMO Melanie Gabriel and CFO Thomas Inhelder), Yokoy positions itself for enterprise deployments. It intends to use its recent funding to expand operations, accelerate growth into the US, Europe and additional regions, and further enhance the technologies underpinning the platform. Expense Robot builds an AI-powered platform to fully automate expense reports and company credit card transactions, aiming to reduce manual work from about 20 minutes per report to as little as five seconds. The technology automates workflows for employees, managers and finance teams and books transactions directly into ERP systems. It supports complex setups including multi-legal-entity, multi-currency and rank-specific policies. Expense Robot went live with a first wave of customers in September 2019 and has since signed customers such as Swissquote, Kägi, Ameropa and SkyCell. The company announced a €1.6 million seed funding round and will use the proceeds to expand its mission and grow the team.