Investee Company – Swissrisk (Switzerland)
Investee Company Business Type – Web-based interactive and integrated risk and portfolio management tools developer
Type of Financing – Expansion
Equity Providers – TVM Techno Venture Management, Allianz Venture Partners
Equity Leader (Individual) – John Chapman, TVM Techno Venture Management
Debt Providers – N/A
Debt Type – N/A
Debt Leader (Individual) – N/A
Equity Amount – euro5 million
Total Deal Value – euro5 million
Other Advisors – N/AComments – Swissrisk, a provider of web-based portfolio and risk management tools, has received a euro5 million investment. The round, Swissrisk’s first, was led by TVM Techno Venture Management and included Allianz Venture Partners. The funding will be used to expand the business.
Swissrisk, based in Zurich, develops web-based tools in the field of portfolio and risk management for private and institutional investors. Its products allow users to develop and implement integrated investment strategies for all types of exchange-traded securities. The company was formed by Dr Thomas Wolfensberger, a former business and technology consultant in the financial sector, and Dr Ernst Nusterer, a specialist in parallel computing and risk management.
Dr Wolfensberger, co-founder and CEO of Swissrisk, commented: “We are delighted to be associated with TVM Techno Venture Management and Allianz Venture Partners. They represent the ideal combination of well established networks, and excellent market insight and intelligence that is needed for Swissrisk to establish a strong global presence.”
“The decision to invest in Swissrisk is based on our belief that personal financial advisory and wealth management tools will become of increasing, if not strategic, importance to financial institutions,” said John Chapman, Partner at TVM. “For the first time, the private client will have access to portfolio and risk management tools that have been in the exclusive domain of institutional investors.”