Sherpany raises primary growth capital from a Swiss software entrepreneur and Cadence Growth Capital

08.07.2020 11:57, Gianmaria Sbetta

The European leader of meeting management software announced today that CGC recently invested alongside a highly successful Swiss entrepreneur into Sherpany to accelerate growth.

Sherpany is a SaaS business that provides senior executives and boards with a meeting room to organize, prepare, conduct and follow-up formal meetings in a more agile way increasing meeting productivity.

Headquartered in Zurich, the company has over 110 employees across offices in Berlin, Lisbon, Milano, Paris and Wrotzlaw. The startup supports a European customer base in managing formal meetings of senior executives and boards and its customers include global corporates like Axpo, Borealis, Clariant, Firmenich, Hilti, ING, Röchling, RKW, Helvetia, SwissRe, Sberbank, Zurich Airport and Zurich Insurance Group. Customers are highly satisfied hence loyal and last year over 98% of clients renewed their contracts.

This year, as Covid-19 struck, most customer meetings were held remotely, enabled by Sherpany. The company reacted and launched a crisis-response campaign, which showed remarkable results, convincing almost 40 additional customers of its unique offering. Thus, Sherpany expanded its client base by 15% in just two months. Just recently, Sherpany closed a deal with a very large bank to be rolled out for thousands of users in Switzerland, with the potential to be used globally. Sherpany has become one of Switzerland's most successful SaaS companies. Now Sherpany is ready to expand across Europe, which represents a CHF 8 billion market opportunity.

The capital increase will bring a unique combination of competencies that will support Sherpany's international expansion. The company, initially founded in 2011, ranked from 2012 until 2016 among the TOP 100 Swiss startups.