US-based IT services company DXC Technology has reached a definitive agreement to acquire Luxoft, a custom software development company founded in Russia and currently headquartered in Switzerland, for $2 billion in an all-cash deal. “Luxoft and DXC are highly complementary, and our shared vision of digital transformation makes this strategic combination a great fit for both […]
Switzerland-based AI healthcare startup SOPHiA GENETICS has landed $77 million in a funding round led by Generation Investment Management, with participation from Idinvest Partners and existing investors including Balderton Capital and Alychlo. The capital injection brings the total amount raised by the company to $140 million. Founded in 2011, SOPHiA GENETICS has developed the SOPHiA […]
Switzerland-based on-demand staffing platform Coople has landed a $21 million funding round from One Peak Partners, Goldman Sachs Private Capital, and Harbert European Growth Capital. The fresh capital injection, which brings the total amount raised by the company to $45 million, will be used for its expansion in Switzerland and the UK. The company has […]
St Gallen-based platform for brand assets management Frontify has landed an $8.3 million funding round led by Blossom Capital. The company plans to use the capital injection to hire more engineers, open new offices, and launch an additional product for its platform. Frontify’s cloud platform, which starts at $29 a month, is there to make […]
This week we’re talking about Wimdu, Silicon Valley Bank, SEBA Crypto, TechStars, a proposed levy for UK newspapers, events, and reading recommendations.
Geneva-founded professional social network for high school and college students and graduates Goodwall has secured a $10.8 million Series A funding round led by Randstad Innovation Fund and Manixer, with participation from Francis Clivaz, Zurich Cantonal Bank, and Verve Capital Partners. The social network is targeting the demographic of 14 to 24 year-olds and claims […]
Zurich-based Ava, a femtech startup that makes a fertility monitoring bracelet, has raised $30 million in a Series B funding round. The majority of the new financing came from existing investors Polytech Ventures, btov, and SVC. The company’s product, Ava Bracelet, detects the 5.3-day fertility window in a woman’s menstrual cycle in real time. While […]