Q4 at a glance – this past quarter was significant for our Venture team as we unveiled our dedicated sub-brand, ACE Ventures; proudly announced Sinpex as an Outlier from our latest early-stage fund, ACE Swiss Tech Outliers (ASTO); and made the final new investments from our Opportunities fund, Upway and Gecko Robotics.

Introducing ACE Ventures and our first Outlier

ACE & Company has been a notable player in Venture Capital for 15 years, primarily as a co-investor. Today, we are elevating our approach, stepping into the role of lead investors. This significant shift is underscored by our rebranded venture capital arm: ACE Ventures. Discover more on our new website here and connect with us on LinkedIn here.

ACE Swiss Tech Outliers (ASTO) is not just another fund; it's a pivotal moment: 

• Our focus is razor-sharp: early-stage investments within the broader Swiss Tech ecosystem across climate tech, deep tech, fintech, and AI

• Our redesigned team is a dynamic blend of investors, operators and engineers, each specializing in one of these verticals

• We are capitalizing on a large arbitrage opportunity, scouting in a less competitive market the global winners of tomorrow

The latest Outlier we welcome to ASTO is Sinpex, founded by HSG St. Gallen alumnus Dr. Camillo Werdich. Leveraging advanced AI-driven analytics, Sinpex automates and refines the process of collecting, verifying, and reporting KYC data for business clients. 2023 was a record year for them and we're thrilled to partner with them on their journey to becoming the best-in-class solution in the Compliance and AML space. ACE Venture’s co-led Sinpex’s €4m round.

Apart from unveiling our new brand and supporting Outliers, we have also made great strides on our ASTO fundraising over the last quarter, as we are nearing our first close. We would be delighted to provide further details, with the team ready to offer more insight upon request. Reach out to us here.

News from the portfolio

Astranis expands partnership with Orbits Corp for a second satellite dedicated to the Philippines

Flaviar acquired Wine-Searcher, cementing Flaviar's dominant position as the leading operating system for global beverage alcohol e-commerce

Gecko Robotics raised $100m to extend its Series C funding, with participation from ACE Ventures

Grubmarket launched a pioneering AI product bringing AI solutions to the food supply chain industry

N26 will launch a new investment product for stocks and ETFs in the first half of 2024

Neustark and Zürcher Kantonalbank to remove thousands of tons of CO₂ together

Pledge explains how emissions reporting can help drive value for forwarders' clients

Picterra’s aerial imagery and artificial intelligence was used by the New York Times in an investigation to detect bomb craters in South Gaza during the ongoing Israel-Gaza war

Upway, announced their $30m Series B round, with participation from ACE Ventures

Veriff released their Fraud Report 2024, drawing on their cross-industry work across all regions over the last year

Wefox appointed Paul Onnen as CTO, bringing over 30 years of experience from organizations such as Amazon, Google, Expedia, Nordstrom.com