We are pleased to announce that our portfolio company Carvolution AG (RAC III & Redalpine Opportunity Fund) has successfully raised CHF 16.2m in a Series D financing round, bringing the total funds raised close to CHF 50m. Investors include all major existing institutional investors such as Mobiliar, Redalpine, Armada Ventures and Ringier Digital Ventures, as well as new financiers. Carvolution will use the new funding to further expand its core business in the car subscription market. The alternative to buying and leasing a car is becoming increasingly important, and industry experts fore ..read more

It is our pleasure to announce that the leading German cannabis company Sanity Group (Redalpine Capital IV) announced today a $37.6M Series B financial round. This is Europe’s largest cannabis investment round to date and was led by BAT Group. Existing investors such as Casa Verde Capital and Redalpine participated in the round bringing the total funds raised by the company to over $100M. Amidst the ongoing legalization of cannabis in Germany, Sanity plans its expansion into the recreational market: With the proceeds of the round, Sanity intends to establish a retail and brand concept tailored ..read more

We are delighted to inform that Genfit (a Nasdaq-listed French biopharmaceutical company) has publicly announced today its intention to acquire Redalpine portfolio company Versantis (RAC III), subject to workers council approval. Deal terms include an upfront payment of CHF 40m, another CHF 65m in milestone payments, and one-third of the proceeds from a potential sale of a Priority Review Voucher. Together both companies will combine forces and continue to revolutionize care of patients with acquired and genetic liver diseases, such as acute-on-chronic liver failure (ACLF). As a late stage cli ..read more

Once again, Redalpine is backing a company committed to transforming an industry that has not changed in decades and is at the center of the climate crisis - construction. Today, the building process is rarely digitized and uses unsustainable materials like concrete and steel. As a consequence, residential construction has become expensive, unreliable, and difficult to scale. But most importantly, it is one of the biggest sources of global CO2 emissions. At 011h*, we are backing an all-star team to tackle this challenge through scalable, digital technology. Lucas and Jota have previously found ..read more

Redalpine is excited to announce that it is backing Paris-based Whaly (Redalpine Capital VI) in a $1.9m seed round with participation from YCombinator, Kima Ventures and others. The company is on a mission to transform the way we do business intelligence, making it easier to manage and understand, whilst cheaper to run. Whaly was founded in January 2021 by three data experts who previously managed data pipelines for leading retailers and media companies in Europe. In their former jobs, they had to create reports for internal use, but had difficulty getting them done quickly without the help of ..read more

We are pleased to announce the Series B financing round of our portfolio company ImmunOs Therapeutics AG. ImmunOs is a leading developer of the next generation immuno-oncology assets targeting the innate immune system. The CHF 71m Series B round was co-led by experienced US and EU biotech investors Samsara Biocapital, Lightspeed Venture Partners and Gimv, with the participation of Redalpine alongside other new and existing investors. The financing will be used to advance ImmunOs lead agent, IOS-1002, through phase 2 clinical trials and advance additional oncology and autoimmune disease program ..read more

Redalpine is excited to announce its investment in Knowunity (Redalpine Capital VI). The digital learning platform made for and by students has raised a €10m Series A. Knowunity provides a user friendly mobile app that provides students with everything they need to have a great learning experience. Using this platform, top students or "Knowers" can create and publish educational content designed to help "Learners" better understand course curriculum - all in their own language and tailored to their own country. Students engage and help each other through direct messaging and social features. T ..read more

Taxfix has raised $220m. The Series D round was led by Teachers’ Venture Growth (TVG), Index Ventures, and Valar Ventures. Creandum and Redalpine participated in the round as well. This news elevates the Berlin-based fintech to unicorn status with a total valuation of over $1bn. In the past five years Taxfix has created a new category of mobile tax filing by taking the pain out of the stressful process and making it accessible and simple for everyone to file their taxes through the app. About this exciting milestone, Taxfix CEO, Martin Ott, says: "With this funding, we will continue to drive r ..read more

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