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Zühlke Ventures

Corporate VC

Zurich · Pre-Seed–Series A · 2 people tracked

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Investment thesis

Zühlke Ventures invests exclusively in early-stage HealthTech startups, aiming to recognize potential early, take minority stakes, and support portfolio companies over a 5-8 year horizon. It focuses primarily on Switzerland and Europe, with complementary interests in the US. Beyond capital, it offers access to Zühlke Group's management and technology know-how through a cooperative partnership model. Initial investments range from CHF 150k to 250k per startup.

Invests inBiotechDigital HealthHealthtechMedical DevicesEuropeSwitzerlandUnited StatesZurichZürich

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$165K – $275K
HQ
Zurich, CH
Leads rounds
Follows
Instruments
Equity
Founded
2011
Tracked investments
19

Team · 2 people

from public directories
Stephan Wehrli· Partnerin

What they invest in

from 12 of 19 portfolio companies

Medical Devices ×11Healthtech ×8Digital Health ×6AI & Machine Learning ×2Biotech ×2Deep Tech ×2Cybersecurity ×1Enterprise Software ×1

HQs:Switzerland×7United States×5Germany×1

Investments · 19 tracked

founders shown can be your intro path

By year:2020 · 12019 · 12 dated

Tenon Medicaltenonmed.comNASDAQ: TNON

HealthtechMedical DevicesLos Gatos, US

Richard Ginn(Chief Technology Officer)Kevin Williamson(Chief Financial Officer)Steven Foster(Chief Executive Officer and President)James Huie(Executive Officer)Steven Van Dick(Executive Officer)Kal Mentak(Director)

Alunaalunacare.com𝕏

Aluna develops a portable respiratory management tool for children with asthma and other chronic respiratory diseases.

Digital HealthHealthtechMedical Devices

Charvi Shetty(Chief Executive Officer)Inderjit Jutla(Chief Scientific Officer)

Bottneurobottneuro.ch
Distalmotiondistalmotion.comin𝕏

Distalmotion develops DEXTER, a surgical robotics system for minimally invasive procedures such as hernia repair, cholecystectomy, and hysterectomy, used by surgeons and clinical teams.

HealthtechMedical DevicesRoboticsLausanne, CH

Droplettedroplette.ioAug 2019

Boston, US

Rathi Srinivas(Executive Officer, Director)Madhavi Gavini(Executive Officer, Director)

BoardSanto Politi(Director)

DSwissdswiss.comin

DSwiss (operating as SecureSafe) builds Swiss-hosted document security software offering encrypted storage, document exchange, access control, and compliance-ready architecture for organisations handling sensitive financial, legal, and personnel data, as well as individuals.

CybersecurityEnterprise SoftwareSaaSSwitzerland, CH

Andreas(CEO)Giacomo(CTO)Veselina(VP Product)Burkhart(CFO)

Evismoevismo.com

evismo provides diagnostic services using sensor technology to detect cardiac arrhythmias, stress, and sleep apnea for general practitioners and specialists.

Digital HealthHealthtechMedical Devices

FLOWflowneuroscience.ch

Flow provides a consumer-facing neurostimulation device using transcranial direct current stimulation (tDCS) for depression treatment.

Digital HealthHealthtechMedical DevicesSwitzerland, CH

Hystrix Medicalhystrixmedical.com
Indiviindivi.io

Indivi is a medical technology company developing tools for precision and personalised medicine in neuroscience research and development, including Bring Your Own Device (BYOD) technology.

AI & Machine LearningDigital HealthHealthtechMedical DevicesBasel, CH

Cristina Granziera(Co-CEO)Ludwig Kappos(Co-CEO)

Koya
Koya Medicalkoyamedical.cominDec 2020

Koya Medical develops medical devices for lymphedema, chronic venous insufficiency, and deep vein thrombosis treatment.

HealthtechMedical DevicesOakland, US

Josh Baltzell(Director)Anand Doraiswamy(Executive Officer, Director)

BoardJan Garfinkle(Director)

Limulalimula.ch

Limula develops an automated, closed platform for manufacturing personalized cell and gene therapies, aiming to move production from open, manual methods to scalable automated processes.

BiotechDeep TechHardwareMedical DevicesLausanne, CH

Thomas Eaton(Founder & CEO)Yann Pierson(Founder & CTO)Caroline Boudousquié(Head of Solutions)Olivier Waridel(Head of Operations)

LMDleman-micro.comin

Oklahoma City, US

Lunaphorelunaphore.comin𝕏

Lunaphore provides spatial biology technology for research labs, enabling multiplexed immunohistochemistry (IHC) analysis with existing antibodies.

BiotechDeep TechMedical DevicesLausanne, CH

Message Automationacquired by Broadridge

Exit: acquired by Broadridge in 2017.

Noctrix Healthnoctrixhealth.com

Noctrix Health develops clinically validated wearable therapeutics for managing chronic neurological disorders, with its first product Nidra receiving FDA De Novo authorization and dedicated CMS HCPCS codes.

Digital HealthMedical DevicesWellness & FitnessPleasanton, US

PeriVisionperivision.comin

PeriVision develops the VisionOne platform, combining AI, virtual reality, and cloud technology to test and understand visual function for eye conditions such as glaucoma.

AI & Machine LearningDigital HealthHealthtechMedical DevicesBasel, CH

Patrick Kessel(Co-founder, CEO & board member)Dr. Serife Kucur(Co-founder & CTO)Prof. Raphael Sznitman(Co-Founder & board member)Serife Kucur Ergunay(Co-founder, CTO & board member)Raphael Sznitman(Co-founder & board member)Kevin Gillmann(Chief Medical Officer)

Swisstomacquired by Sentec

Exit: acquired by Sentec in 2018.

Exits · 3

IPOs and acquisitions across the tracked portfolio

Tenon MedicalNASDAQ: TNONMessage Automationacq. by BroadridgeSwisstomacq. by Sentec

Portfolio news

latest coverage across their companies
Investment Management - Aluna Partners Ltd

Aluna · apgcapitalmarkets.com · Sep 28, 2025

Frequently asked questions

What stage does Zühlke Ventures invest at?
Zühlke Ventures invests at the Pre-Seed, Seed, Series A stages.
What is Zühlke Ventures's typical check size?
Zühlke Ventures typically writes checks of $165K – $275K.
What sectors does Zühlke Ventures focus on?
Zühlke Ventures focuses on Biotech, Digital Health, Healthtech, Medical Devices.
Where is Zühlke Ventures located?
Zühlke Ventures is headquartered in Zurich, CH.
Does Zühlke Ventures lead rounds?
Zühlke Ventures typically participates in rounds rather than leading them.

Media · Podcasts & interviews

from their channel

AI-assisted software archaeology: turning legacy guesswork into evidence

Zühlke Group

Are leaders deploying AI faster than they can effectively govern it? With Zahra Shah

Zühlke Group

Is it possible for ‘tech for good’ to exist within a for-profit model? With Jim Fruchterman

Zühlke Group

Resilience Rewired: Inside Swissgrid's move to autonomous drone inspection

Zühlke Group

Resilienz neu gedacht: Wie Swissgrid autonome Drohneninspektionen realisiert

Zühlke Group

Is irrational AI making our decision-making worse? With Stephanie Antonian

Zühlke Group

Images

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