Successful exit of SSUG portfolio company Struckd AG

Successful exit of SSUG portfolio company Struckd AG

Thursday, August 12, 2021

Zurich, August 12, 2021. The Swiss Startup Group has successfully completed the sale of its portfolio company Struckd to a US technology company.

 

Struckd was created in 2016 in the Swiss Startup Factory’s first accelerator batch and was founded by Silvan Bauser and Flurin Jenal together with the Swiss Startup Group. Based on its vision of democratizing game development, the team built the first and so far largest mobile games development platform. Under the motto “create, share and play”, the platform now has a catalog of more than one million games and a sophisticated and easy-to-use game editor that allows anyone with a smartphone to create their own titles.

 

Successful exit

The company has been run since the beginning of this year by Daniel Reichert, previously Product Director at Kolibri Games (acquired by Ubisoft). He replaced co-founder Silvan Bauser as CEO. In view of the success Daniel was able to achieve in such a short time, it was no surprise when a US tech company contacted Struckd three months ago with an offer to buy. The purchase took the form of a silent transaction and for strategic reasons no details can be disclosed for the time being.

 

Swiss Startup Group in transaction lead

SSUG played a very active role in Struckd right from the start. It chaired the company’s Board of Directors from 2018 and navigated the company through various challenging phases. The transaction was negotiated under the leadership of Max Meister (Chairman Struckd AG/co-founder Swiss Startup Group) and Oliver Walzer (COO/co-founder Swiss Startup Group) with the support of Daniel Reichert (CEO Struckd AG), Wenger & Vieli (LegalLead CH – Pascal Honold, Dominik Bürgy, Kevin Vangehr) and Cozen O'Connor (Legal Lead US – Steven Dickinson, Even Berquist, Barbara Muller).

 


About Swiss Startup Group

Founded on January 5, 2015 by Mike Baur, Max Meister and Oliver Walzer, SSUG is now the largest privately financed venture platform in Switzerland. The Group has built up the entire value chain of the venture business and put a unique ecosystem of industry specialists, private venture investors, corporate partners and startups on the Swiss startup map. SSUG has become one of the most active Swiss early-stage investors and specializes in venture asset management, with offices in Zurich, Berne and Lausanne.


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