About Alpana Ventures
Alpana Ventures is a venture capital firm founded in 2015. It is primarily based out of Geneva, Switzerland. As of Jul 2023, Alpana Ventures has invested in 53 companies. It primarily invests in Series A round in Switzerland based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series B round of Nezasa Overall, Alpana Ventures portfolio has seen 1 unicorn, 3 IPOs and 15 acquisitions including key companies like Beekeeper, Car IQ and Ava. A lot of funds co-invest with Alpana Ventures, with names like Plug and Play Tech Center sharing a substantial percentage of its portfolio. Alpana Ventures has team of 6 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Portfolio Unicorns
Portfolio Soonicorns
Alpana Ventures' List of Top Investments
Alpana Ventures has a portfolio of 53 companies, one of which is a Unicorn. Their most notable investments are in Tinamu Labs and Voliro.Their portfolio spans across Switzerland, United States, France and 7 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 23 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Alpana Ventures:1. Beekeeper
Provider of enterprise communication platform for multiple industries. It allows users to communicate with employees and team members. Its features include secure one-to-one, group messaging, private & personalized updates to the individual, content management, chatbots, information sharing, employee surveys, engagement analytics, and feedback polling. It also provides smart automation features such as workflow-based communication and scheduling of internal messaging campaigns.
Key facts about Beekeeper
- Founded Year: 2011
- Location: Zurich (Switzerland)
- Stage: Acquired
- Total Funding till date: $146M
- Employee Count: 360 as on May 31, 2026
- Investors: Kreos Capital, EGS Beteiligungen and 27 Others
- Latest Funding Round: Series C, Nov 08, 2022, $*****
- Highlight: Acquired
2. AirConsole
Provider of online multiplayer video games using smartphones as controllers. It offers a selection of games accessible through a web-based console. Users connect their smartphones to control the games. The platform allows players to change games through a menu.
Key facts about AirConsole
- Founded Year: 2014
- Location: Zurich (Switzerland)
- Stage: Series A
- Total Funding till date: $3M
- Employee Count: 30 as on May 31, 2026
- Investors: Alpana Ventures, RealGrowthHacking and 8 Others
- Latest Funding Round: Series A, Nov 21, 2019, $*****
- Highlight: Editors' Pick
3. Voliro
Provider of drones for inspections. It offers drones that enable inspecting industries. It also offers multiple sensors equipped with drones such as NDT, EMAT, UT, and more.
Key facts about Voliro
- Founded Year: 2019
- Location: Zurich (Switzerland)
- Stage: Series A
- Total Funding till date: $27.7M
- Employee Count: 48 as on May 31, 2026
- Investors: Zurcher Kantonalbank, Alpana Ventures and 5 Others
- Latest Funding Round: Series A, Jun 16, 2025, $*****
- Highlight: Editors' Pick
4. Car IQ
In-vehicle payment solutions for commercial fleets. It enables contactless transactions at fuel stations. It replaces the need for physical fleet cards by charging expenses centrally and paying in one bill.
Key facts about Car IQ
- Founded Year: 2016
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $50M
- Employee Count: 53 as on May 31, 2026
- Investors: Visa, Polytech Ventures and 18 Others
- Latest Funding Round: Series B, Jul 30, 2025, $*****
- Highlight: Acquired
5. Wheelhouse
Wheelhouse is a web-based revenue management engine for vacation rentals. The Software analyses market trends as well the vacation rental performance to recommend prices to be set on a daily basis. The platform also provides a single dashboard to manage listings across various P2P vacation rental platforms.
Key facts about Wheelhouse
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $16M
- Employee Count: 55 as on May 31, 2026
- Investors: Zelkova Ventures, Fifth Wall and 14 Others
- Latest Funding Round: Series B, Apr 20, 2022, $*****
- Highlight: Editors' Pick
Alpana Ventures' Year-on-Year Investment Trends
Alpana Ventures has invested in 53 companies over the last 8 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Mila and most recent follow-on round was in Nezasa.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 3 | 3 |
2022 | 1 | 3 | 4 |
2021 | 2 | 4 | 6 |
2020 | 5 | 3 | 8 |
2019 | 10 | 2 | 12 |
2018 | 3 | 0 | 3 |
Alpana Ventures' Investments by Stage
Alpana Ventures has made 9 investments in Series A stage with an average round size of $6.23M, 8 investments in Seed stage with an average round size of $1.65M, 2 investments in Series B stage with an average round size of $15M, 1 investment in Conventional Debt stage and 1 investment in Series C stage with an average round size of $23.7M.Stage of entry | No. of Investments |
|---|---|
Series A | 9 |
Seed | 8 |
Series B | 2 |
Conventional Debt | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
Alpana Ventures' Investments by Sector
Alpana Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Transportation and Logistics Tech and FinTech. Notably, it has invested in 50 Tech companies, 42 Enterprise (B2B) companies, 34 Software companies and at least 21 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Consumer | 12 |
Enterprise Applications | 9 |
High Tech | 5 |
Transportation and Logistics Tech | 5 |
FinTech | 4 |
Others | 34 |
Note: We have considered here, only first round of investments
Alpana Ventures' Investments by Geography
Alpana Ventures has made most investments in Switzerland (11), followed by United States where it has made 6 investments.Country | No. of Investments |
|---|---|
Switzerland | 11 |
United States | 6 |
Germany | 2 |
France | 1 |
India | 1 |
Note: We have considered here, only first round of investments
Alpana Ventures' recent investments
Alpana Ventures has not made any investment in 2026 so far.Here are the most recent investments by Alpana Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 26, 2023 | Switzerland | Series B | 3842 | [+3] | |
Jun 19, 2023 | Switzerland | Seed | 5015 | ||
Apr 25, 2023 | France | Series A | 2813 | [+5] | |
Nov 08, 2022 | Switzerland | Series C | 8209 | [+6] | |
Jun 07, 2022 | Germany | Seed | 3011 | [+1] |
Unicorns in Alpana Ventures' Portfolio
Alpana Ventures has 1 unicorn in its portfolio - ZaiNar. The most recent unicorn in their portfolio is ZaiNar which became a unicorn in 2026.Here is a list of unicorns in Alpana Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
57 | Developer of wireless network technology for precise real time positioning | 2016 | Menlo Park | Seed | pqtdjix |
IPOs and Publicly Listed companies in Alpana Ventures' Portfolio
3 of Alpana Ventures' portfolio companies have become public. Maistro got listed on the London Stock Exchange (LSE), in Oct 2012.Here are Alpana Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 05, 2012 | - | - | 8606 | |
- | Jun 25, 2019 | Seed | 9705 | |
- | Oct 17, 2018 | Series A | 1860 |
Acquired companies in Alpana Ventures' Portfolio
15 companies from Alpana Ventures' portfolio have been acquired. The most recent acquisition was Car IQ in Dec 2025 by Element for $*****.Here are Alpana Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 02, 2025 | Jun 25, 2019 | Series A | 4593 | |
Jul 02, 2025 | Sep 11, 2018 | Series A | 5730 | |
Nov 04, 2024 | Mar 16, 2021 | Series B | 9762 | |
Feb 01, 2024 | Jul 15, 2020 | Series A | 8837 | |
Jun 22, 2023 | Jan 15, 2020 | Series C | 9923 |
Team profile of Alpana Ventures
Alpana Ventures has a team of 6 members including 1 Partner and 1 Venture Partner located in Switzerland. Alpana Ventures' team does not sit on the board of any company as of now.Co-investors of Alpana Ventures
Over the past 8 years, 167 investors have co-invested in Alpana Ventures's portfolio companies. This includes funds and angels.
- Invested before Alpana Ventures: Polytech Ventures, Venture Kick and 53 others have invested in rounds before Alpana Ventures. There are 4 companies where Polytech Ventures has invested before Alpana Ventures and 4 companies where Venture Kick has invested before Alpana Ventures.
- Top Co-investors of Alpana Ventures: 56 investors entered a company along with Alpana Ventures. These include investors like Plug and Play Tech Center (5 companies).
- Invested after Alpana Ventures: A total of 56 investors have invested in Alpana Ventures's portfolio after their investments. Top Investors include UBS (2 companies), EIC Fund (2 companies) and Europa (2 companies).
Recent News related to Alpana Ventures
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Switzerland's Nezasa Raises US$4.7 Million OTAs and Agencies Can Accept Customized TripsTHE BRIDGE•Aug 27, 2023•Nezasa, Alpana Ventures, UBS, UBS
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Zurich-based travel tech Nezasa jets off with €4.2 million to optimize multi stop flight routingEU-Startups•Jul 26, 2023•Nezasa, Alpana Ventures, Liquid Partners, and 1 other
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Nezasa Raises $4.7m To Boost International GrowthPhocusWire•Jul 26, 2023•Nezasa, Alpana Ventures, Liquid Partners, UBS and 1 other
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Beekeeper, which facilitates in-company communication, received an investment of 50 million dollarsegirisim•Nov 09, 2022•Beekeeper, Kreos Capital, Energize Ventures, Thayer Ventures and 10 others
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Mila AG raises $2M in a pre-Series A round led by Germany-based Born2Grow VenturesBusiness Wire•Jun 07, 2022•Mila, Born2Grow, Alpana Ventures, Oriza Ventures and 1 other
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Altoida snags Merck KGaA-led $14M funding round for Alzheimer's diagnostic appFierce Biotech•Mar 31, 2022•Altoida, Merck, Whitecap Venture Partners, M Ventures and 8 others
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Inpher Secures Strategic Investment from Swisscom VenturesStartupticker•Sep 09, 2021•Inpher, Swisscom Ventures, Amazon, JPMorgan Chase and 3 others
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Fleet Payment Startup Car IQ Raises $15M Oversubscribed Series BPYMNTS.com•Aug 11, 2021•CarIQ, Ally, Blackberry, State Farm and 9 others
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Switzerland based Proptech emonitor Secures CHF 5 Million via Series A RoundCrowdfund Insider•Aug 05, 2021•eMonitor, St. Galler Kantonalbank, Graubundner Kantonalbank, Luzerner Kantonalbank and 1 other
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Nezasa lands $6M to expand connected trip technologyPhocusWire•Dec 03, 2020•Nezasa, Howzat Partners, Alpana Ventures, Reinhart Capital
