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Serpentine Ventures

Europe, Zurich, Switzerland, Zürich

Description

Serpentine Ventures (SERV) operates as the dedicated investment arm of the Swiss Startup Group, positioning itself as a key early-stage venture capital firm within Switzerland. Based in Zürich, the firm primarily targets promising startups with a strong connection to the Swiss ecosystem, aiming to foster innovation and growth within the country's vibrant startup landscape. Their investment focus spans a wide array of sectors, including FinTech, InsurTech, PropTech, HealthTech, DeepTech, B2B SaaS, e-commerce, and consumer-oriented businesses, demonstrating a broad and opportunistic approach to identifying high-potential ventures.

The firm's investment strategy is centered on Seed and Series A funding rounds, providing crucial early capital to nascent companies. Serpentine Ventures typically provides initial funding ranging from approximately $224,000 (CHF 200,000) to $1.68 million (CHF 1.5 million). This initial commitment is often followed by additional support in subsequent rounds, where they are capable of investing up to $3.36 million (CHF 3 million) to support their portfolio companies' continued scaling and development. This flexible funding approach allows them to support companies through various growth phases.

Beyond capital, Serpentine Ventures distinguishes itself by offering extensive operational support and leveraging the vast network of the Swiss Startup Group. This hands-on approach aims to provide portfolio companies with strategic guidance, access to industry experts, and crucial connections that accelerate their market penetration and growth. With a robust track record, Serpentine Ventures has built a portfolio of over 30 companies, whose combined funding has exceeded CHF 250 million, translating to approximately $280 million. This demonstrates their significant impact on the Swiss startup scene, solidifying their role as a strategic partner for early-stage ventures looking to scale.

Investor Profile

Serpentine Ventures has backed more than 66 startups, with 0 new investments in the last 12 months alone. The firm has led 12 rounds, about 18% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Pre Seed rounds (top funding stages).
  • Majority of deals are located in Switzerland, United States, Germany.
  • Strong thematic focus on Software, Information Technology, Artificial Intelligence (AI).
  • Typical check size: $224K – $1.7M.

Stage Focus

  • Seed (48%)
  • Series Unknown (21%)
  • Pre Seed (20%)
  • Convertible Note (5%)
  • Series A (3%)
  • Post Ipo Equity (2%)
  • Non Equity Assistance (2%)

Country Focus

  • Switzerland (77%)
  • United States (8%)
  • Germany (8%)
  • Israel (5%)
  • United Kingdom (2%)
  • Sweden (2%)

Industry Focus

  • Software
  • Information Technology
  • Artificial Intelligence (Ai)
  • Manufacturing
  • Augmented Reality
  • Industrial Automation
  • Automotive
  • E-commerce
  • Consumer Electronics
  • Supply Chain Management
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Serpentine Ventures frequently co-invest with?

Swiss Startup Group
Europe, Zurich, Switzerland, Zürich
Co-Investments: 2
Venture Kick
Europe, Zurich, Switzerland, Schlieren
Co-Investments: 3
SICTIC
Europe, Zurich, Switzerland, Zürich
Co-Investments: 6
Founder Collective
North America, Massachusetts, United States, Cambridge
Co-Investments: 2
Dreamit Ventures
North America, Pennsylvania, United States, Philadelphia
Co-Investments: 2
Correlation Ventures
North America, California, United States, San Diego
Co-Investments: 2
Converge
North America, Massachusetts, United States, Cambridge
Co-Investments: 2
Blu Venture Investors
North America, Virginia, United States, Vienna
Co-Investments: 2
New North Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 2
Session.vc
Europe, Zurich, Switzerland, Zürich
Co-Investments: 3

Which angels does Serpentine Ventures often collaborate with?

FS
Europe, Zurich, Switzerland, Zürich
Shared Deals: 1
HS
Europe, Bayern, Germany, Munich
Shared Deals: 1
KZ
North America, Illinois, United States, Chicago
Shared Deals: 1
Shared Deals: 1
FD
Europe, Berlin, Germany, Berlin
Shared Deals: 1
ME
Europe, Bayern, Germany, Munich
Shared Deals: 1
PI
North America, United States
Shared Deals: 1
DS
Europe, Nordrhein-Westfalen, Germany, Bocholt
Shared Deals: 1
IS
Europe, Baden-Wurttemberg, Germany, Walldorf
Shared Deals: 1
RH
North America, Connecticut, United States, Darien
Shared Deals: 1

What are some of recent deals done by Serpentine Ventures?

akirolabs

Berlin, Berlin, Germany

Akirolabs develops and provides an AI powered SaaS platform for collaborative strategic procurement.

Artificial Intelligence (AI)Information TechnologyProcurementSaaS
SeedJan 29, 2024
Amount Raised: $5,000,000
biped.ai

Lausanne, Vaud, Switzerland

biped is the smartest mobility device for blind and visually impaired people, bringing autonomous driving features to humans.

Artificial Intelligence (AI)Medical Device
SeedNov 21, 2023
Amount Raised: $1,358,376
Re-Fresh Global

Tel Aviv, Tel Aviv, Israel

Re-Fresh Global is a platform that provides an array of conceptual and technological solutions to the fashion and textile sectors.

Advanced MaterialsManufacturingNanotechnologyRecyclingService IndustryTextilesWaste Management
SeedJul 12, 2023
Amount Raised: $1,225,462
DuraMon

Zürich, Zurich, Switzerland

DuraMon is a health corrosion monitoring solutions company.

SensorSoftware
SeedJun 26, 2023
Amount Raised: $1,116,385
Arda Biomaterials

Southwark, Southwark, United Kingdom

Arda Biomaterials transforms waste feedstocks into smarter, circular biomaterials for fashion, home goods, automotive and more.

Fashion
Pre SeedJun 12, 2023
Amount Raised: $1,376,600
akirolabs

Berlin, Berlin, Germany

Akirolabs develops and provides an AI powered SaaS platform for collaborative strategic procurement.

Artificial Intelligence (AI)Information TechnologyProcurementSaaS
SeedMay 31, 2023
Antefil Composite Tech

Zürich, Zurich, Switzerland

Antefil Composite Tech provides micro engineered hybrid fibre for lightweight structures.

Advanced Materials
Pre SeedMay 23, 2023
Amount Raised: $1,663,810
Klepsydra

Zürich, Zurich, Switzerland

Klepsydra specializes in data processing software for autonomous embedded system.

ComputerRoboticsSoftware
SeedMay 3, 2023
Amount Raised: $1,188,662
RAAAM Memory Technologies Ltd.

Tel Mond, HaMerkaz, Israel

RAAAM provides a unique on-chip memory technology which offers the highest-density embedded memory solution in any standard CMOS process.

Semiconductor
SeedApr 18, 2023
Amount Raised: $4,000,000
Sivers Semiconductors

Kista, Stockholms Lan, Sweden

Sivers Semiconductors is a developer and manufacturer of millimeter wave products with more than 60 years of innovation experience.

ElectronicsManufacturing
Post Ipo EquityApr 4, 2023
Amount Raised: $150,000,000