What Alpana Ventures does

Alpana Ventures is a privately-held Swiss venture capital firm founded in 2016 and headquartered in Geneva, with a secondary office in Sion (Valais). The firm positions itself as a "digital transformation" deeptech investor and has deployed three fund vintages since inception, backing 45+ founder teams across Switzerland, Europe, and the United States. Its portfolio spans approximately 40+ companies diversified across fintech (LEND crowdlending, Car IQ Pay for fleet vehicles, Stoovo for gig workers), healthtech and life sciences (Lunaphore tissue analytics, AVA fertility tracking, Resistell antibiotic susceptibility testing, Altoida brain health, GYANT care navigation, Domo.Health remote monitoring), enterprise software (Beekeeper frontline workforce, eMonitor real estate ERP, Nezasa travel SaaS), industrial robotics (Voliro, Tinamu, Toposens 3D ultrasonic sensors), privacy-preserving computing (INPHER), maritime AI (Sinay), and wireless positioning (ZaiNar). The investment thesis is explicitly aligned with the United Nations Sustainable Development Goals.

The firm's business model follows standard VC economics: Alpana raises capital from limited partners (institutional and individual investors) and deploys it into seed and Series A rounds, typically leading or co-leading alongside co-investors such as Serena, Thayer Ventures, Wing Venture Capital, BackBone Ventures, Plug and Play, and Zurcher Kantonalbank. Revenue is generated through management fees on committed capital and carried interest on successful exits. Documented exit events include Beekeeper's USD 1 billion merger with LumApps (July 2025), KPIT Technologies' acquisition of N-Dream AG / AirConsole (June 2025), ASG LegalTech's acquisition of Headnote (September 2020), IPwe's merger with ClearAccessIP (April 2020), and Rally's merger with OurBus (March 2021). Portfolio companies have attracted follow-on capital from marquee strategics including Microsoft (Domo.Health), Amazon Alexa Fund (INPHER), IBM (IPwe), Roche (DomoSafety), Xiaomi and Atari (AirConsole), Audi and Porsche (AirConsole), Cleveland Clinic (GYANT), Expedia Group (Nezasa), and Discover Financial (Car IQ).

Alpana does not develop proprietary technology itself. Its core offering is capital, strategic mentorship, and network access to early-stage deeptech founders, sourced through a website pitch form, startup events (Singapore Maritime Week, Swiss Startup Radar, Top 100 Swiss Startups), and co-investor syndicates. The team is small (1-10 employees) and led by co-founders Christophe Chemtob, Nathalie Chemtob, and Pascal H. Widmer, with Alex Fries as partner and Guillaume Marit as operations manager. Alpana is GDPR-compliant in its own operations and its portfolio companies have achieved external recognitions including ISO 27001 (Maistro), FDA clearance for AVA, EU Horizon 2020 and EIC Accelerator grants for portfolio companies, and Top 5 Swiss Medtech Startup rankings.

Name

Alpana Ventures

Legal name

Alpana Ventures

Website

https://alpana-ventures.ch

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Alpana Ventures is a Geneva-based Swiss venture capital firm investing in early-stage deeptech startups across Switzerland, Europe, and the US. It manages three funds, backs 45+ portfolio companies in fintech, healthtech, mobility, and sustainability, and generates returns through management fees and carry on exits.

Ownership category

akta.pro rank

Product category

Venture Capital / Private Equity

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Multi-Sector / Generalist Growth Equity (FSANACAO)

Keywords

• Venture capital investing
• Deeptech seed funding
• Early-stage equity investment
• Portfolio management services
• Startup growth capital

Headquarters

HQ city

Geneva

HQ country

Switzerland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management and Carried Interest: As a venture capital firm, Alpana Ventures generates returns through equity stakes in portfolio companies. Revenue is realized via fund management fees and carried interest on successful exits. Portfolio exits referenced include Beekeeper's USD 1 billion merger with LumApps, KPIT's acquisition of AirConsole, and ASG LegalTech's acquisition of Headnote.

Go-to-market motion3 records

Distribution channels2 records

Marketing channels4 records

Core offering

Alpana Ventures is a Swiss venture capital firm that discovers deeptech solutions in Switzerland, Europe, and the United States and invests seed and Series A equity to embed them into innovative business models. The firm manages three funds, has backed 45 founder teams, and supports a portfolio of 40+ companies across fintech, healthtech, cleantech, cybersecurity, robotics, and digital transformation sectors, with an investment thesis explicitly aligned to the United Nations Sustainable Development Goals.

Product overview

Alpana Ventures is a Swiss venture capital firm focused on digital transformation, discovering Deeptech solutions in Switzerland, Europe and the US and investing to embed them into innovative business models. The firm manages a diversified portfolio of approximately 30+ portfolio companies spanning multiple deeptech sectors including: fintech (LEND crowdlending, Car IQ Pay vehicle payments, Stoovo gig economy AI), healthtech/life sciences (LUNAPHORE tissue analytics, AVA fertility tracking, Resistell antibiotic testing, Altoida brain health, GYANT medical AI), enterprise software (Beekeeper frontline worker communication, eMonitor real estate ERP, Nezasa travel SaaS), industrial technology (Voliro aerial robotics, Tinamu drone inspection, Toposens 3D sensors), and emerging technologies (ZaiNar positioning tech, Sinay maritime AI, INPHER privacy computing). The investment thesis centers on Deeptech solutions with strong AI/ML capabilities across predictive analytics, computer vision, anomaly detection, process automation, and optimization.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment in Deeptech Startups Seed and Series A equity capital deployed by Alpana Ventures into early-stage deeptech startups across Switzerland, Europe, and the United States, spanning AI/data, biotech, fintech, cybersecurity, robotics, cleantech, and digital health sectors. The firm has backed 45 founder teams across three funds since 2016.
• Portfolio Management and Value-Add Support Active management and strategic support services provided to portfolio companies, including strategic mentorship, introductions to enterprise customers and co-investors, and ecosystem access spanning Switzerland, Europe, and the US. Alpana supports its 40+ portfolio companies through ongoing board participation, follow-on capital coordination, and partnership facilitation with firms such as Microsoft, Roche, IBM, AWS, and Porsche.

Quantifiable outcome

• Portfolio companies have achieved major exits including Beekeeper's USD 1B merger, multiple CHF 100M+ milestones (LEND), and Series C raises totaling CHF 25M+ (Lunaphore).

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability16 records

Partnerships

24 partnerships are on record, tiered core and minor.

• Porsche (AirConsole)coreGTM or Marketing Partner · 1 September 2025Porsche integrated AirConsole's in-car gaming platform into the new electric Macan, marking AirConsole's entry into the performance-luxury automotive segment as an Alpana portfolio company.
• Microsoft (Domo.Health)coreStrategic or Co-development Partner · 23 July 2025Domo.Health, an Alpana Ventures portfolio company, partnered with Microsoft to jointly transform home-based care using AI, combining Microsoft's cloud/AI platform with Domo.Health's remote health monitoring capabilities.
• Expedia Group (Nezasa)coreTechnology or Integration · 16 July 2025Nezasa entered a strategic partnership with Expedia Group for a global hotel integration, enabling Nezasa's TripBuilder platform to leverage Expedia's inventory.
• Audi (AirConsole)coreGTM or Marketing Partner · 27 June 2025AirConsole launched its in-car gaming platform in Audi vehicles, bringing cloud gaming to Audi's infotainment system.
• Aerodyne Group (Voliro)coreStrategic or Co-development Partner · 29 September 2021Aerodyne Group, the world's No. 1 Drone Services Provider and DT3 company, announced a strategic partnership with Voliro AG for critical infrastructure inspection using aerial robotics.
• Beekeeper (Mila)minorGTM or Marketing Partner · 10 August 2021Mila, the European leader in on-demand technical support, partnered with Beekeeper as its mobile platform training service partner.
• TUI Musement (Nezasa)coreStrategic or Co-development Partner · 10 June 2021TUI Musement, the leading tours and activities business, partnered with Nezasa for the development of a new digital platform to modernize travel package creation.
• Hirslanden (DomoSafety)coreStrategic or Co-development Partner · 6 May 2021The Hirslanden Group, a leading Swiss healthcare provider, signed a long-term strategic partnership with DomoSafety AG and joined with a capital investment to advance digital health solutions.
• AWS (Inpher)coreTechnology or Integration · 28 April 2021Following Amazon Alexa Fund's investment, Inpher deployed its XOR Secret Computing platform on Amazon Web Services to enable machine learning on private data sources for coronary heart disease prediction.
• IBM (IPwe)coreTechnology or Integration · 21 April 2021IBM partnered with IPwe to disrupt the patent ecosystem using blockchain and AI, helping improve performance of intellectual property assets globally.
• OurBus (Rally)minorOthers · 24 March 2021Rally and OurBus merged in March 2021 to create the leading technology company for mass mobility in the United States, as a portfolio exit event for Alpana Ventures.
• LUA (Beekeeper)minorOthers · 23 March 2021Beekeeper acquired LUA from Denmark, a prime operational workflow platform, to reinforce its full-stack mobile platform for frontline workforce productivity and collaboration.
• Xiaomi (AirConsole)coreGTM or Marketing Partner · 5 March 2021Xiaomi partnered with AirConsole to pre-install the multiplayer cloud gaming platform on Mi TV and Mi Box devices worldwide, reaching millions of users.
• Roche (DomoSafety / Domo.Health)coreStrategic or Co-development Partner · 13 January 2021DomoSafety launched a pilot program with Roche to improve quality of life for patients with a rare neuromuscular disease. Domo.Health later also partnered with Microsoft on AI-driven homecare.
• Discover Financial (Car IQ)coreStrategic or Co-development Partner · 5 November 2020Discover Financial Services partnered with Car IQ to create an innovative payment platform for machine-initiated payments beginning with automotive fleets, enabling fleet vehicles to autonomously transact through the Discover Global Network.
• Discover Financial (Car IQ)coreStrategic or Co-development Partner · 5 November 2020Car IQ partnered with Discover Financial to enable vehicles to autonomously initiate and complete payments for services including fuel, tolls, and parking through the Discover network.
• Roche Turkey (Saphetor)coreStrategic or Co-development Partner · 28 October 2020Saphetor partnered with Roche Turkey to give the pharma giant access to its network to facilitate scientific collaborations on new treatments for Spinal Muscular Atrophy, leveraging VarSome Clinical for NGS data interpretation.
• Discover Financial (Car IQ)coreStrategic or Co-development Partner · 25 August 2020Discover partnered with Car IQ for connected fleet payments through the Discover Global Network, enabling machine-initiated payment transactions for connected fleet vehicles.
• Atari (AirConsole)coreGTM or Marketing Partner · 13 July 2020Atari partnered with AirConsole (N-Dream AG) to bring the cloud-based gaming platform to the Atari VCS PC/console hybrid gaming system.
• Liberty Mutual (Room8)minorGTM or Marketing Partner · 3 April 2020Room8 partnered with Liberty Mutual to sell renters insurance on its co-living platform app, integrating insurance distribution into its roommate matching and apartment search services.
• LCP360 / Google Street View (Room8)minorGTM or Marketing Partner · 24 March 2020Room8 partnered with Google Street View trusted agency LCP360 to provide immersive 360 virtual tours and drone photography for its roommate matching and apartment search mobile application.
• PwC Switzerland (Beekeeper)minorImplementation/ SI/ Consulting Partner · 18 March 2020Beekeeper and PwC Switzerland partnered to bring efficient crisis communication to the health sector, leveraging Beekeeper's mobile platform for frontline worker communication.
• Cleveland Clinic (Gyant)coreStrategic or Co-development Partner · 28 January 2020Gyant cooperated with Cleveland Clinic to enhance post-discharge communication between patients and caregivers across 10 hospitals, improving patient outcomes after hospital stays.
• Zipnosis (Gyant)coreTechnology or Integration · 9 January 2020Gyant and Zipnosis joined forces to offer a broader Digital Front Door solution for healthcare organizations, combining Gyant's AI triage with Zipnosis's multi-modal virtual care platform.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Creathor Ventures: DACH-focused early-stage VC with technology and life sciences focus; comparable stage and sector breadth.
• Speedinvest: Vienna-based early-stage VC with multi-sector deeptech and digital portfolios; comparable scale and stage focus with cross-border European sourcing.
• Earlybird Venture Capital: Berlin-based early-stage VC investing across deeptech, enterprise, and health; comparable multi-fund European platform with deeptech emphasis.
• BtoV Partners: European early-stage VC with a deeptech and B2B SaaS focus; comparable stage and sector overlap, particularly in DACH region.
• Redalpine: Swiss/European early-stage VC investing in deeptech and digital health; most direct peer given similar stage, sector focus, and Swiss roots.
• Atlantic Labs: Berlin-based early-stage deeptech investor; comparable stage focus and cross-border European sourcing strategy.

Broad incumbents

• Swisscom Ventures: Corporate venture arm of Swisscom investing in Swiss/European tech; comparable Swiss deeptech thesis but with corporate balance sheet and larger typical check sizes.
• HV Capital: European VC investing across stages including early; comparable multi-sector digital transformation thesis at larger scale.
• Acton Capital: Munich-based growth investor with European tech focus; comparable cross-border approach though typically later-stage than Alpana.

Regional players

• SICTIC: Swiss angel investor network; comparable Swiss deal-flow sourcing at pre-seed/seed stage, frequently co-invests with Alpana.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/alpana-ventures

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments96 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alpana Ventures