Zippsafe has been able to raise 1.1 million francs from existing investors and a new cornerstone investor. The capital increase was oversubscribed and completed in June, it was reported in a press release. This is the second successful funding round for the company in two years.
Zippsafe was founded as a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH) in 2015. The startup has developed textile storage compartments with sensors integrated in the fabric. If the fabric of the storage compartment is damaged in an attempted theft, an alarm is triggered.
The flexibility of the fabric means the storage compartments adapt to only use the space they need, eliminating any empty space. According to Carlo Loderer, CEO of Zippsafe AG, Zippsafe can help up to 70 per cent of the space requirement be saved, which is particularly valuable in the context of ever higher density building construction. This storage has already been implemented by the national airline Swiss and a number of cantonal hospitals.
“In addition to offering great user-friendliness for employees, companies benefit from the optimisation of processes through the digitalised and connected system. This enables our customers to cut costs in an area that has been almost totally ignored by innovation until now,” comments Carlo Loderer.
From next year, Zippsafe intends to focus on international expansion. The startup confirmed on enquiry that it is also planning to establish its own production facility in Hungary. Product development and the manufacture of prototypes as well as marketing are all carried out at the company headquarters in Glattbrugg ZH. Zippsafe works in partnership with access and security solution companies dormakaba, Salto and BURRI Public Elements. This collaboration enables “short development cycles while taking into account the latest technology and highest quality demands”.