Uepaa, a Zurich, Switzerland-based start-up which aims at improving safety for outdoor sport practitioners in Alpine environments, has closed an over CHF 1.5m a Series A financing.
Backers include Cantonal Bank of Zurich, private investors through the platform investiere (run by Verve Capital Partners AG), and other corporate investors.
The company intends the funds to transfer its technology from ETH Zurich, in order to complete the development of the product, as well as to make marketing and sales efforts in its pilot market, the European Alps.
Founded on January 31st 2012 by CEO Mathias Haussmann and Dr. Franck Legendre, Uepaa intends to commercialize technology that will turn smartphones into alpine tracking, alert and rescue devices, which directly connect to other phones.
Following the investment, the company’s board includes:
– Dr. Rolf Baumgartner, an investiere investor, as Chairman of the Board,
– Dr. Claus Martini and
– Michel Kaufmann.
FinSMEs
16/02/2012