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Sparrow Ventures

Limmatstrasse 152, Zurich, 8031, Switzerland

Overview

We are a Zurich-based Venture Builder and Growth Equity Investor. With our ambitious team of highly customer-focused entrepreneurs, we are committed to putting our expertise to work and strive to make an impact. We are part of Migros - one of the largest retailers in Europe - with the mission to build ventures and invest in companies in a multitude of relevant areas, in particular, Food & Beverage, Fintech, Last-Mile, Digital Health, Sustainability & Circular Economy as well as Commerce & Shopping.

Total investments
7
Lead investments
1
Investments · 12mo
0
Active investors
8
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Investment portfolio

  • HelloBetter

    Participated · Equity · May 2023

    HelloBetter offers ten online therapy programmes addressing depression, insomnia, panic disorders and underserved conditions such as vaginismus and chronic pain. Six programmes have BfArM approval and are fully integrated into Germany’s standard healthcare system as prescription digital therapeutics (DiGA), available free to publicly insured adults; 120,000 patients have used the programmes. The company has conducted 30 randomized controlled trials on its commercial products, most published in peer-reviewed journals, and in 2023 gained FDA approval for a digital therapeutic to treat panic disorders. Founded in 2015, HelloBetter operates across Berlin, Potsdam and Hamburg and employs over 150 professionals. The company launched HelloGina in the US in 2022 to address vaginismus and continues to develop new digital therapeutics. A priority for 2025 is entering the French market through pilots and partnerships with Mutuelles and pursuing regulatory approval by the HAS to secure nationwide reimbursement. HelloBetter provides ten online therapy programs addressing common conditions such as depression, insomnia, and panic disorders, as well as underserved conditions including vaginismus and chronic pain. Six of its programmes have been approved by the German Federal Institute for Drugs and Medical Devices (BfArM) and are integrated into Germany's standard healthcare system. Those approved programmes are available free of charge to publicly insured adults as prescription digital therapeutics. Earlier this year the company launched an AI product, MindFIT, in stealth mode and expects first results next year. HelloBetter has secured €3M in funding to develop and commercialise the AI to personalise user experience and improve adherence, satisfaction, and overall mental health outcomes. HelloBetter offers evidence-based digital therapy courses addressing stress, panic, depression, insomnia, and other mental health challenges. Founded in 2015, the company is a global pioneer in digital mental health research with 33 randomized controlled trials published in peer-reviewed journals. In Germany, six of its ten therapy programs are part of the standard of care and are available free to publicly insured adults as prescription digital therapeutics (DiGA). The company expanded to the U.S. in 2022 under the HelloGina brand with a sexual wellness programme for vaginismus and received FDA 'breakthrough device' designation in early 2023. In 2023 HelloBetter has raised €12M to date, bringing total funding to €25M after a €5M second closing of its A2 round. The new capital will be used to invest in sales, marketing, and data analytics, enter new markets, and further expand its digital therapeutics portfolio. HelloBetter, founded in 2015 as Get.on and based in Hamburg, offers psychological online trainings aimed at the prevention and treatment of mental illnesses. Its core product line comprises digital therapeutics (DTx) delivered via online training programs. The company plans to use new capital to ramp up commercialisation of its DTx products in Germany. HelloBetter also aims to expand its presence across Europe and into the United States. The articles report that investors have now committed a total of around €20 million to the company. HelloBetter develops digital therapeutics (DTx) delivered as software-as-a-medical-device to prevent and treat mental and behavioral health conditions. The platform offers programs targeting burnout, depression in diabetes patients, chronic pain and vaginismus, and has secured universal health-insurance reimbursement for four products in Germany. The company reported a 125% increase in total clients treated from 2020 to 2021. HelloBetter works with health insurers and partners including Barmer, AudiBKK, Allianz, Swica and ratiopharm (a Teva subsidiary), plus over 100 employers. It has joined the Digital Therapeutics Alliance to support further international expansion. The company is focusing on commercialisation in the German market and advancing expansion beyond the DACH region.

  • Selma Finance

    Participated · Series A · Sep 2022

    Selma Finance is a fintech startup built around an AI-supported digital asset management service branded Selma AI. The company says it is already profitable and does not need additional capital for day-to-day operations. It recently launched a crowdinvesting campaign that raised more than €1.3 million from 325 backers in under two days, having surpassed an initial €750,000 target and now aiming for €1.5 million. Selma intends to use the fresh funds to further develop its algorithms to deliver more precise, personalized financial solutions. The startup also plans to expand its advisory offerings into retirement planning, insurance needs, mortgages, and tax questions. Selma was founded in 2017 by a team from Switzerland, Austria and Finland and counts TX Ventures (TX Group) and Migros Group among its investors. Selma Finance is a Swiss‑Finnish fintech digital adviser focused on delivering individual financial and retirement planning advice. The company’s mission is to make financial advice accessible and suitable for customers of any age. Over the past 18 months Selma has tripled its customer base to more than 10,000 clients and the team has more than doubled. Customers invest sums ranging from CHF2,000 up to seven-figure amounts. The startup will use newly raised funds to localize its services in the French-speaking (West) Switzerland and to further develop its product offering. Investors have pointed to the company’s growth and user traction as validation of its accessible, friendly advisory approach. Selma Finance operates a Smart‑Advisor that offers tailored investment options through a simple user interface and a single monthly fee that covers management of Säule‑3a accounts and other investments. The company has offices in Zürich and Helsinki and is regulated as an independent asset manager in Switzerland. Selma employs 12 people and reports over 4,000 paying customers in Switzerland. The fresh capital will be used to expand its digital advisory capabilities, drive further growth, and launch additional products in the Swiss market. Selma emphasizes accessibility and lower costs for professional investment and retirement solutions for its customers. A partnership with Migros Bank is planned to jointly develop and test digital wealth‑management services and distribution channels.

  • properti

    Participated · Seed · Jun 2022

    Properti operates an end-to-end proptech platform that covers property purchase, management, and sale, plus additional services through a partner network. The company says the proceeds from the recent financing will be used primarily to expand and scale the platform. Properti completed a Pre‑Series A round bringing in roughly 3 million CHF and has raised about 10 million CHF in the past 12 months. The startup was founded in 2019 and currently employs 140 people across 12 locations in Switzerland. PostFinance Ventures joined the round as a new investor while existing backers Migros and Serpentine Ventures increased their stakes. CEO Levent Künzi framed the investments as validation of the team and the business model. Properti operates a digital platform built on four pillars—service, customer, partner, and broker portals—to simplify property search, management, marketing and related partner services. The platform bundles partner offerings such as moving, cleaning, renovation trades, insurance and financing solutions and includes a digital toolset to streamline exchanges for tenants, buyers and owners. The company plans to invest the newly raised capital primarily in expanding its technology platform. Properti was founded in November 2019 by brothers Levent and Adrian Künzi and currently employs 107 people across 12 locations in Switzerland. Financially, the startup has completed an initial seed in December 2021 and recently closed a follow-on seed round, reflecting strong investor interest. Properti operates a platform for real-estate brokers, owners, customers and local service providers that centralizes tools for property sales and rentals and automates recurring manual brokerage tasks. The platform includes an owner cockpit showing profitability metrics and enables obtaining quotes from local service providers, integrating transaction-based services into process automation. Properti has brokered over 1,400 properties in its first two years and employs around 85 people, with plans to expand the team in the first quarter of the coming year. The company says it will use the fresh capital to further develop and extend its platform and features. Properti positions itself to become a leading transaction-based platform in the housing ecosystem.

  • Nomady

    Led · Equity · Jun 2022

    Nomady is an online platform that mediates private camping pitches and basic accommodations in nature. The site lists more than 500 offers from hosts in Switzerland and neighboring France, Germany, Italy and Austria, with booking rates showing continuous growth. The company is focused on expanding its inventory and user base across borders. Recent fresh capital will be used to further internationalize the service, expand the platform’s technical capabilities, and boost marketing. Oliver Huber, one of Nomady’s two founders, said the new investor fits the company’s values and opens opportunities to build a more customer-focused offering and leverage a larger network. Nomady operates a camping app and marketplace that connects campers with landowners to offer sites for gentle tourism. The platform has been active for two years and was launched in Switzerland by founders Oliver Huber and Paolo De Caro, who initially financed the market entry themselves. Nomady currently lists more than 130 hosts and has mediated over 14,000 overnight stays. The founders gained investor visibility after appearing on the TV show “Höhle der Löwen.” The company has just closed a financing round (amount undisclosed) and says the fresh capital will be used mainly to expand its camping offerings. The announcement indicates a valuation likely in the high seven‑figure range and the company is based in the Schwyz region of Switzerland.

Team