Launched in 2018 bestsmile is a Swiss dental start-up specializing in clear aligner therapy. Due to modern 3D print technology and direct contact with customers bestsmile is able to provide cost-efficient therapies for tooth correction. The team of dentists consults patients in a comfortable setting at the Smile-Shops directly to develop a personalized treatment plan, allowing them to reach a beautiful smile within a few months' time. bestsmile is currently rolling out more shops in different regions of Switzerland, bringing the service to even more people throughout the country.
Finly allowed small to medium sized companies access to cash tied up in their yet-to-be-paid invoices. But, rather than operating a peer-to-peer lending marketplace, Finly did the factoring.We started Finly because we realized traditional methods of finance are out of sync with what today’s SMEs need. We saw the opportunity to help SMEs get access to the cash they need to fuel their business. We wanted to be seen as a new kind of cash flow utility – where Finly was simply there in the background for businesses to access the money in their unpaid invoices when they needed it. We have decided to stop this venture and not pursue it further at this stage. This is partly due to the current economic situation but also because it is difficult to assess the demand and need for Finly's services in the context of Covid-19.
FROZEDOSE° was a venture project, where we tested the delivery of portioned, frozen smoothies directly to customers for mixing them freshly at home via a subscription model. After a three-months pilot phase, the e-commerce model with mail delivery in Germany was stopped. One of the reasons for this was that the demand for the subscription model was below our expectations. Thus, Frozedose lost its justification as a Venture in our portfolio because the business model showed too little potential in terms of acquiring loyal, recurring customers during the pilot phase. Yet, the product itself, the frozen smoothies, was very well received by the end customers in terms of taste. True product innovation and therefore we are currently looking for the best owner for this product.
Kindish was a venture project, where we tested the delivery of frozen, healthy kids’ meal options directly to families that can easily be prepared at home via a subscription model. After a three-months pilot phase, the e-commerce model with express mail delivery in Germany was stopped. We were not able to validate some of the core hypotheses for Kindish during the test phase needed to justify it as a Venture in our portfolio. Some of the reasons include that families wished for a different format to buy the product and thus the business model itself showed too little potential in terms of acquiring loyal, recurring customers online. Yet elements such as the taste of the meals and the sustainable packaging have been very well perceived by customers and we generated overall a lot of knowledge that will be shared and used for the development of future business models in this area.
MIACAR is Switzerland's new online supermarket and last-mile delivery service. We deliver groceries free of charge for a minimum order value of only 25 francs and within a dedicated time slot of 20 minutes. The range of the assortment includes a wide selection of the most popular products, which customers can order for the same prices as in the stores via the MIACAR app. The purchases are delivered personally and with MIACAR's own electric vans and drivers. Currently, the e-vans are rolling through several postal codes in the region of Bern, where the team is expanding the service continuously, ensuring that even more people can do their daily shopping and save time to spend more time on the beautiful things in life. MIACAR will position itself over the next few years as the national category leader in last-mile delivery and online grocery sphere. More than 60 people are already working in the offices in Zurich, Bern and Kiev. It is the first venture which was built and carved-out by Sparrow Ventures.
The quality of the dog’s food can have a huge impact on the canine’s health. Governed by only a few regulations, some ingredients that go into making commercial dog food are not only unhealthy but can even impact the health. Driven by the vision to make a positive impact on the quality of a dog’s life, we started MyBuddyBox, delivering fresh, nutritious and healthy dog meals straight to the doorstep. The meals consist of food-grade ingredients that are gently cooked based on nutritionist-crafted recipes and tailored to the dog’s individual nutritional needs. All our dog meals contain a high amount of meat and fresh vegetables, ensuring that the dog can live a healthy and happy life.
Olly is an app that helps Swiss people to find out the causes of their health problems. To do this, the app asks specific questions related to the symptoms to identify a possible cause of the health problem and suggests possible steps to take next. Powered by artificial intelligence (AI), the technology behind Olly uses an algorithm to access a database of medical knowledge of thousands of diseases and symptoms. The Symptom analysis via app enables the user to gain insight into their own health and is completely free of charge. Don't search for your symptoms, but understand them with Olly.
Petcare was a venture project, where we tested a portal where pet owners were able to get access to experienced veterinarians remotely and get clarity over the next appropriate steps immediately. After a three-month pilot phase, the business model to make veterinary care more accessible via video appointments at any time, aiming to reduce the stress for both owner and pet that is often associated with a visit to the practice, was stopped. We were not able to validate some of the core hypotheses for the subscription-based telemedicine service of Petcare during the test phase needed to justify it as a Venture in our portfolio. Some of the reasons include that due to use cases, which were limited to emergencies and consultation outside opening hours, pet owners preferred one-off video consultation. As a result, the business model itself showed too little potential in terms of frequency of use and acquiring a recurring customer base. Knowledge generated during this test phase will be shared and used for the development of future business models in this field of operations.
The developed venture, including the website, was sold to the best owner outside the Migros group.
Ready-4-Cooking offers with meal kits a practical replacement for the effort that is typically required for cooking. Based on our developed recipes, each meal kit contains fresh ingredients and a step-by-step cooking guide. The products are pre-cut, marinated and pre-portioned for two portions. Each meal is freshly prepared within minutes and ready to eat on the table. Quick, easy and healthy.
During the pilot phase available in selected Migros supermarkets in Zurich city.
Snäx is the smart fridge that offers employees a diverse and affordable range of meals right at their office - and that for every kind of foodie and their dietary preferences. Customers can purchase and rate the freshly prepared hot and cold dishes, snacks and beverages directly within the Snäx app. Snäx currently caters to offices in the Zurich area and is on a mission to roll-out its service throughout Switzerland. Over the coming years, Snäx will position itself as a leading office food supplier. Snäx is the second venture that was carved-out as an independent start-up from Sparrow Ventures.
Sep’20 - bestsmile is on a roll to open 7 practices in 7 weeks. The recent shop opening in La Chaux-de-Fonds marks the 5th one and brings the number of locations to 26, where the Swiss start-up provides dental correction at a cost-efficient price point to its customers.
Jul’20 - Venture News: You are not feeling well? Olly will check it for you! We recently started the pilot phase for Olly Health, a symptom checker app for everyone in Switzerland. Co-developed by health experts, Olly eliminates the need to search for possible diseases online and analyses health-related symptoms in a few steps.
Feb’20 - Yes they PET: Since February 10th customers of the online supermarket are able to return their empty PET and plastic bottles free of charge with every delivery. As owner of the last-mile, MIACAR is able to offer this additional service that benefits both the environment and the customers, making correct recycling even easier.
Nov’19 - Snäx, the smart fridge that offers employees an affordable and wide range of meals right at their office, has successfully completed the pilot phase. The start-up that has been developed and tested by Sparrow Ventures over the past few months, is now carved-out as individual entity and secures additional funding to scale the service offering in the market.