MVM Partners leads $62m round for SkyCell

The round was also backed by a consortium of Switzerland-based family offices and a Swiss insurance company.

SkyCell plans to use the fresh capital to expand internationally, with a focus on the US and Asia.

MVM is currently deploying equity from MVM Fund V, which held a final close in November 2018 on £150m. The fund deploys equity tickets of $15-30m and focuses on life sciences and pharmaceutical businesses.

Company
SkyCell produces temperature-controlled air freight containers that use Internet-of-Things technology for use in logistics in the pharmaceuticals industry. It delivers 22,000 pallets per year, according to its website.

The company was founded in 2013 and is based in Zürich. It has 59 employees, according to LinkedIn. The company generates revenues of $2m, according to Zoominfo.

People
SkyCell – Richard Ettl (CEO, co-founder).

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• Topics
• Expansion
• DACH
• Healthcare
• Venture
• Switzerland