rready Raises $4 Million in Series A

by Kay Aloha Villamor in November 10th, 2023

rready, a Zurich, Switzerland-based enterprise SaaS platform built to foster and de-risk innovation, raised $4 million in Series A funding.

SaaS Investors

The round was led by FYRFLY Venture Partners, with participation from EquityPitcher Ventures, Verve Ventures, Swisscom Ventures, and angel investors. The round also includes a non-dilutive growth credit from UBS.  

Founded in 2015, Fyrfly Venture Partners is a venture capital investment firm based in San Francisco, California, that focuses on data and intelligence. The firm invests in startups and early-stage companies and prefers to make investments in the information technology sector.

Mark Randall, the inventor of the KICKBOX innovation methodology, has joined rready's board of directors as part of Series A, along with Roger Wüthrich, former Chief Digital Officer at Swisscom.

rready Use of Funds

The funds will be used to commercialize rready's AI-powered platform, an API-first software designed to support various use cases such as open innovation, hackathons, accelerators, or continuous improvement ideas. 

About rready

rready is a startup providing innovation management as a service to create lasting cultural change. rready develops SaaS solutions that make employee-driven innovation fun, scalable, and results-oriented. Their flagship solution, the KICKBOX innovation program, is based on a methodology initially developed at Adobe that enables organizations to harness the creativity of their employees, effectively validate ideas, and drive successful projects. Its clients include Tetra Pak, ZF Group, Compeer, and Swisscom. Headquartered in Switzerland with offices in the US, Netherlands, and Brazil, rready is revolutionizing the way companies innovate.

Funding Details

Company: rready AG

Raised: $4.0M

Round: Series A

Funding Month: November 2023

Lead Investors: FYRFLY Venture Partners

Additional Investors: EquityPitcher Ventures, Verve Ventures, Swisscom Ventures

Company Website: https://www.rready.com/

Software Category: Business Innovation Management Software

Source: https://www.accesswire.com/801154/rready-a-swiss-corporate-innovation-platform-raises-4m-series-a-and-signs-global-corporations-holcim-mediclinic-and-tetra-pak


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