Our First Success Story with Magnes

Startupmetrics is excited to announce the recent financing round of Magnes. Startupmetrics supported Magnes to raise a bridge round of CHF 700k.

The reason we partnered up with Magnes is that we got fascinated by their technology and the capability of the management and research team. Magnes is an ETH med-tech spin-off that develops an AI fueled remote monitoring system for patients with movement disorders. The system enables practitioners and pharma companies to measure the efficacy of therapies and medication with the aim to improve the quality of life of patients. The prevalence of all common categories of movement disorders is around 28.0% for men and women aged between 50 and 89 years. The proportion sharply increases with age.

IMG_2589JPG

Fundraising is one of the most challenging tasks for young startups. It takes careful preparation, time, patience and professional execution to acquire funds from an investor that fits your needs and domain. Most importantly startups have to convince investors regarding their:

  1. Market potential
  2. Value proposition
  3. IP and technology
  4. Business model
  5. Exit potential
  6. Capability of the core team members and their network

In these areas, we assist ventures largely by working as their startup CFO. With our CFO services we supported Magnes in refining their business case and finding ideal investors in a professional and structured way.

We begin with an assessment and enhancement of the investment proposal by

  1. Assessing and challenging the business case
  2. Testing the value hypothesis by identifying and arranging meetings with potential clients
  3. Improving value hypothesis based on feedback of potential customers
  4. Enhancing the pitch deck and the financial model

After the first stage, we proceed with the fundraising process:

  1. Defining investor profiles
  2. Finding and arranging first meetings with suitable investors
  3. Handling investor communication with follow-ups and relevant company updates

We did this full cycle with Magnes and successfully raised CHF 700k. We love to meet founders with ambition and support them in their fundraising activities. Feel free to contact us if you want us to support you in scaling your business with our CFO services. https://www.startupmetrics.ch/contact-us

About us

Startupmetrics works as your interim CFO and sparring partner, in which we provide the frameworks, concepts, and analytical tools that define and enhance the value of your startup and spin-off with a data-driven and measurable approach. Through our past experience and expertise in investment analysis, we can quickly identify the key value drivers of your business and support you in optimizing them. We are as committed as you are and only charge you in proportion to our mutual success.