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Venture Capital
entrepreneurcapital.credit-suisse.com

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Investments

31

Portfolio Exits

3

Funds

1

About Credit Suisse Entrepreneur Capital

Credit Suisse Entrepreneur Capital provides small and medium-sized enterprises as well as young entrepreneurs with venture capital totaling roughly CHF 130 million – with CHF 30 million of that being newly earmarked for the financial technology (fintech) industry. The beneficiaries thereof are companies in different stages of their life cycle from around the country. The focus is on strengthening Switzerland's position as a center for business and employment, and as a pillar of Swiss prosperity.

Credit Suisse Entrepreneur Capital Headquarter Location

Uetlibergstrasse 231

Zurich, 8045,

Switzerland

+41-44-333-10-63

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Latest Credit Suisse Entrepreneur Capital News

CeQur Raises $115 Million Series C5 Financing to Support Commercialization and Scale-Up of Automated Manufacturing for CeQur Simplicity Wearable Insulin-Delivery Device

Apr 14, 2021

• Novel, discreet, and simple insulin-delivery system can replace need for mealtime injections for people with diabetes • Largest fundraising to date for a privately held medtech company in Europe was led by Credit Suisse Entrepreneur Capital Ltd. and Endeavour Vision LUCERNE, Switzerland & MARLBOROUGH, Mass., April 13, 2021-- CeQur®, a medical device company committed to simplifying the lives of people with diabetes by revolutionizing insulin-delivery solutions, today announced the close of an oversubscribed $115 million equity financing. The company will use the funds to advance commercial plans for CeQur Simplicity™, including market development activities, a phased commercial launch strategy that includes a limited market release in 2021, and the scale-up of high-volume manufacturing. CeQur Simplicity is both FDA cleared and CE-marked. Credit Suisse Entrepreneur Capital Ltd. and Endeavour Vision led the financing with significant participation from new investors, including Tandem Diabetes Care, Inc. (NASDAQ: TNDM), Ypsomed Group (SWX: YPSN), Federated Hermes Kaufmann Funds, Kingdon Capital, and GMS Capital, as well as existing investors, Schroder & Co. Bank SA, and VI Partners. “We are grateful for the support from this group of world-class investors, who share our vision to transform the lives of people with diabetes who require daily insulin therapy. In the pilot launch of CeQur Simplicity, we’ve been very encouraged by the feedback from healthcare professionals, payers, and people with diabetes, which validates that this novel device offers meaningful benefits to a large segment of people who are insulin dependent,” said Bradley Paddock, President and CEO at CeQur. “We look forward to advancing our commercial and manufacturing plans in preparation for our broadscale launch.” Currently, people with diabetes who require intensive insulin management utilize either multiple daily injections (MDI) or advanced insulin-delivery devices. Research among individuals who manage their diabetes with MDI, and the medical professionals who treat them, demonstrates that many patients are not achieving their glucose targets in part due to lifestyle restrictions, social challenges, and fear of social stigma associated with insulin injections. For example, nearly two-thirds of patients studied do not feel comfortable injecting insulin in front of others.i Additionally, healthcare professionals report that among the most challenging aspects of starting a patient on rapid-acting insulin are getting patients to perform multiple daily injections and the complex education required for patients.ii Given the challenges with current approaches to insulin injections and the global impact of diabetes, it is estimated that the potential market for simple insulin-delivery devices is approximately $7.5 billion in the United States and roughly twice this amount globally.iii “CeQur Simplicity offers a simple solution to a major barrier for many people who need mealtime insulin. This financing, which is transformative for CeQur, provides additional validation for the value of CeQur Simplicity as a simple, convenient and discreet bolus insulin-delivery device that is designed to address the burden of multiple daily injections for over 3 million Americans – and many more individuals around the world,” said Richard Mott, Chairman of the Board at CeQur. CeQur Simplicity is a simple, three-day, wearable insulin device for discreet, convenient and injection-free bolus dosing. One Simplicity patch holds up to 200 units of rapid-acting insulin administered in two-unit increments and replaces, on average, nine mealtime injections over three days. Clinical research has shown that nearly 90% of patients using CeQur Simplicity reported following their insulin regimen better as compared to MDI. The device is clinically proven to improve glycemic control, with patients achieving significantly improved HbA1C and time-in-range (TIR) goals.ii,iv “CeQur Simplicity is designed to address a large, underserved segment of the diabetes market by providing a simple, low-profile and comfortable alternative to injections,” said John Sheridan, President and CEO at Tandem Diabetes Care. “We recognize that there is not a one-size-fits-all solution for people living with diabetes, and this investment aligns with our goal to advance diabetes care by expanding the set of tools available to provide customer choice and ensure optimal therapeutic outcomes.” About CeQur CeQur is commercializing advanced, simple-to-use insulin-delivery devices that make it easier for people living with diabetes to adhere to therapy and stay in control of their disease. The Company’s simple, three-day, wearable devices provide freedom from multiple daily insulin injections. More information can be found at www.cequr.com. i Mehmet S, Hussey C, Ibrahim S. Patients’ perceptions of injecting insulin and self-monitoring of blood glucose in the presence of others. Practical Diabetes. 2014;32(2):59-63. ii Peyrot M, Barnett AH, Meneghini LF, Schumm-Draeger PM. Insulin adherence behaviours and barriers in the multinational Global Attitudes of Patients and Physicians in Insulin Therapy study. Diabet Med. 2012;29(5):682-689. iii Based on global incidence and prevalence of patients on basal-bolus therapy and CeQur management estimates. iv Johnson ML, Dreon DM, Levy BL, et al. Comparing patch versus pen bolus insulin delivery in type 2 diabetes using continuous glucose monitoring metrics and profiles. Paper presented at: 54th Annual Meeting of the European Association for the Study of Diabetes; October 1-5, 2018; Berlin, Germany. Contact:

Credit Suisse Entrepreneur Capital Investments

31 Investments

Credit Suisse Entrepreneur Capital has made 31 investments. Their latest investment was in CeQur as part of their Series C - II on April 4, 2021.

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Credit Suisse Entrepreneur Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/13/2021

Series C - II

CeQur

$115M

Yes

4

12/14/2020

Series A - II

AlgoTrader

$2.05M

Yes

5

11/20/2020

Seed VC

VIU

$3.3M

Yes

3

10/1/2020

Series F

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$99M

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10

6/18/2020

Seed VC

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$99M

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10

Date

4/13/2021

12/14/2020

11/20/2020

10/1/2020

6/18/2020

Round

Series C - II

Series A - II

Seed VC

Series F

Seed VC

Company

CeQur

AlgoTrader

VIU

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Amount

$115M

$2.05M

$3.3M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

5

3

10

10

Credit Suisse Entrepreneur Capital Portfolio Exits

3 Portfolio Exits

Credit Suisse Entrepreneur Capital has 3 portfolio exits. Their latest portfolio exit was SpecPage on November 17, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/17/2021

Acquired

3

00/00/0000

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$991

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10

00/00/0000

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10

Date

11/17/2021

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

3

10

10

Credit Suisse Entrepreneur Capital Acquisitions

1 Acquisition

Credit Suisse Entrepreneur Capital acquired 1 company. Their latest acquisition was Tradeplus24 on November 21, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/21/2017

Series A - II

$446.6M

Acq - Fin

3

Date

11/21/2017

Investment Stage

Series A - II

Companies

Valuation

Total Funding

$446.6M

Note

Acq - Fin

Sources

3

Credit Suisse Entrepreneur Capital Fund History

1 Fund History

Credit Suisse Entrepreneur Capital has 1 fund, including Credit Suisse Entrepreneur Capital.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/20/2019

Credit Suisse Entrepreneur Capital

$199.83M

1

Closing Date

2/20/2019

Fund

Credit Suisse Entrepreneur Capital

Fund Type

Status

Amount

$199.83M

Sources

1

Credit Suisse Entrepreneur Capital Team

1 Team Member

Credit Suisse Entrepreneur Capital has 1 team member, including current Chief Executive Officer, Johannes Suter.

Name

Work History

Title

Status

Johannes Suter

Chief Executive Officer

Current

Name

Johannes Suter

Work History

Title

Chief Executive Officer

Status

Current

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