With Sparrow Ventures we have found a new partner to support us on our growth path who shares the Swiss Roots and our vision to offer superior quality at accessible prices, which is at the core of the Migros Founding Principles.
With Sparrow Ventures, we have won a strong partner for our further expansion in Switzerland. They are fully committed to our vision: to rethink mental health care, making effective solutions for prevention and treatment accessible worldwide.
Being part of Migros Group is a unique opportunity to grow our company and product offering even further in the future. Sparrow acts as our guide in this huge network to help and find synergies.
It’s fantastic that we were able to launch the pilot of heymigrolino in the Swiss market within less than 3 weeks! Counting on the strong support, also the exceptional capabilities in fulfilling customer expectations and the great team-spirit present at Sparrow Ventures, the realization of such an innovative project was possible.
I am excited to revolutionize the dynamic and fast growing market for office food supply with Snäx.
With Sparrow Ventures we have found a strong partner with an extensive network to support us on our path of becoming the leading digital financial advisor in Switzerland and to make high-quality financial advice more accessible to everyone.
Mar `22 - We are excited to announce the acquisition of bestsmile, the dental startup and market leader in teeth correction, offering an affordable alternative to conventional braces with its transparent, 3D-printed aligners. Over the last three years, bestsmile has been growing at a strong pace: there are now 36 practices throughout Switzerland and 320 employees who are working towards bestsmile's mission of making it possible for everyone to have a beautiful smile at a fair price. With the acquisition the founding team leaves their managerial roles but remains active in advisory capacity. The new management team is formed by Michael Wendt as CEO, Christoph Kohler as CFO and Dominic Schär as CRO, who are coming from within bestsmile's team. Sparrow Ventures invested in bestsmile in 2019 and will remain responsible for bestsmile within the Migros Group.Read the News here
Feb `22 - At the beginning of February, our venture WePractice, the coworking community for therapists, opened a second practice at Marktgasse 56 in Winterthur. Now even more therapists in the canton of Zurich will be able to welcome clients, helping them to improve their mental wellbeing. This opening follows on the footsteps of the first location at Bahnhof Stadelhofen in Zurich, that opened its doors earlier last year. The pilot phase there confirmed the demand for such a solution in the mental health space, enabling the team to bring the offer to other cities in Switzerland in the coming months. More to come! Stay tuned!Visit WePractice
Jan ‘22 - We welcome Michael Meyer as new CFO to the management team at Sparrow Ventures. Prior to his new role with us, he was the Head of Controlling & Finance at the Retail Department of Migros and is as such already familiar with Sparrow Ventures and our operations. This makes him a great fit for this position, because on top of knowing the Migros universe and our company already he brings tons of investment, startup, controlling and accounting experience with him: From coaching startups in terms of financial matters during his time at PwC to being involved in the establishment of the digital department at Tamedia, where he accompanied the scaling of several startups such as Doodle or Zattoo from a financial standpoint. Together with the rest of the Sparrow investment and finance team, the set-up will continue to be strong to reach our dealflow targets and continuously support our portfolio and venture projects in the best possible way. Welcome Michi! We are excited to have you as part of our team and the Sparrow journey. Note: Michi takes over from Lorenz, who is since November 2021 the CEO of our company.Team Sparrow
Oct ‘21 - Sparrow Ventures invests in HelloBetter: We are excited to announce being a Co-Investor in the Series A of HelloBetter, an exciting, forward-thinking startup in the e-mental health space to digitally support psychotherapeutic care. The German startup is a digital health pioneer in the field of mental health and among the world's leading providers of psychological online courses. The financing round sees HelloBetter now accelerating its path of growth and internationalisation of its offering as well as the further development of its techVisit HelloBetter
Aug ‘21 - Dallmayr and Snäx have entered into a partnership to provide companies and their employees at work easy access to high quality coffee along with delicious, fresh food from the Snäx fridge.Visit Snäx