Swiss Startup Factory moves into top gear

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13.07.2017

The SSUF has today launched the Swiss Startup Group (SSUG) as a parent company and announces the closing a financing round. SSUG aims to become the most important early stage startup investor in Switzerland.

Swiss Startup Factory AG (SSUF) acts as a Swiss startup platform for scouting, analysing and accelerating the most promising early stage ICT startup projects in Switzerland. Over the past 18 months, SSUF has executed 3 successful accelerator batches and has invested in 18 early stage startups.

“The last two years are a great proof of concept for us and we are amazed by the market response. Together with our strategic partners we will now focus on internationalization, while corporate acceleration will play an even more important role in our future business model”, says Max Meister, Co-Founder and CEO.

Over the last months strategic milestone has been reached. The SWISS STARTUP GROUP (SSUG) was inaugurated to act as parent company of the SSUF and to consolidate all activities and holdings of the SSUF. Following the launch, the SSUG announced the closing of a financing round by welcoming a group of investors on board. The transaction has been completed within 2 months.

Together with Michael Widmer, who acts as legal counsel of SSUG, two Co-Founders of SSUF will be part of the Board of Directors: Mike Baur acts as Executive Chairman while Max Meister holds the role of Delegate of the Board of the SSUG. With an established team and funding, the SSUG is ambitious to become the most important early stage startup investor in Switzerland.

"With the SSUG we want to put Switzerland on the map of international early stage investors. For us, this is just the beginning of a very exciting but also challenging mission. We are thankful for the investors trust and we are fully conscious of the responsibility and performance driven ambition of the SSUG", says Mike Baur, Executive Chairman of the SSUG.

Pic: Oliver Walzer (L), Mike Baur (M) and Max Meister (R)

(RAN)

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