Sophie Lamparter, Co-founder of DART Labs, discusses the challenging fundraising environment in 2023. She highlights the trend towards investing in climatetech for future growth. Lamparter emphasizes the importance of smart investments during crises and the potential of climatetech ventures. She also delves into the impact of AI in healthcare and navigating acquisition offers for startups.
Current global fundraising environment is challenging with limited capital available and cautious investors favoring bridge rounds.
Climatetech ventures are poised for growth in 2023 as wind and solar energy costs decrease, making them financially attractive.
Understanding fund durations and founder journeys is crucial, as tough times like 2023 can be just a blip in the startup universe, making it a smart time to invest.
Focusing on health and climate sectors, Dark Labs supports early-stage Swiss startups aiming to scale in the US, emphasizing AI in healthcare and bold impact-driven ideas.
Deep dives
Challenges and Evolution of Dark Labs
Dark Labs has evolved over its six-year journey from a project to a full-time accelerator investing in Swiss early stage startups and helping them scale in the US. The company's co-founders, Sophie and Ariana, made the pivotal decision to transition to full-time entrepreneurship after securing investor interest. They have actively invested since 2020 and find great satisfaction in fostering connections between investors and founders during events, showcasing the depth of talent and support in their network.
Future Growth and Vision of Dark Labs
As Dark Labs looks ahead, Sophie envisions a future where the company has the resources to fully realize its support for founders and expand its team's capabilities and impact. Despite facing challenges in availability of capital and cautious investor sentiment, she remains optimistic about navigating these hurdles and continuing to invest actively in startups for long-term success.
Fundraising Landscape Trends and Recommendations
Sophie reflects on the current challenging fundraising landscape, emphasizing the importance for startups to showcase validated traction, market opportunities, and clear proof of concepts to attract investor interest. She advises startups to remain optimistic, adapt their fundraising strategies, and consider internal rounds or small investments to achieve milestones before pursuing larger funding rounds.
Outlook on Investment Strategies in Health and Climate
Dark Labs focuses on investing in health and climate sectors, particularly targeting early-stage Swiss and European startups aiming to penetrate the US market. Sophie highlights the promising advancements and opportunities in AI applications in healthcare and the growing market potential in health tech. The company aims to back bold ideas with high impact potential in these spheres.
Building Trust and Engagement with Startups and Investors
Sophie shares insights into connecting with Dark Labs for startup funding or investor involvement. The company's website, contact details, and application process offer transparent access for startups seeking funds or investors exploring collaboration opportunities. Dark Labs' proactive approach to nurturing relationships and fostering trust with stakeholders underscores its commitment to supporting innovative ventures.
Personal Drive and Adaptable Fundraising Strategies
Sophie navigates the fundraising process with resilience, adapting to investor preferences and forging strategic relationships to secure investments. By leveraging a blend of private and institutional investor engagement, she aims to reach the fundraising goals for Dark Labs. Balancing determination, adaptability, and strategic communication, Sophie aims to steer the company towards successful fundraising outcomes.
Strategic Focus and Growth Potential in Startup Ecosystem
Sophie underscores the significance of demonstrating strong validation, traction, and market potential for startups to succeed in securing funding. As Dark Labs evaluates investment opportunities, Sophie emphasizes the importance of clear proof of concepts and market opportunities for startups to thrive in the evolving fundraising landscape. By staying proactive, adaptable, and transparent, startups can navigate challenges and drive growth in the competitive startup ecosystem.
Sophie Lamparter is the co-founder of DART Labs, an international fund investing in early stage Swiss climate and health tech startups to accelerate them on the US market. She holds a degree in Communication and Media Studies from ZHAW.
During this episode with us she discussed the current fundraising environment, which is looking very much like an uphill battle not only at the Swiss level but worldwide. There’s less capital available, investors are favoring caution, and companies are doing bridge rounds, because they’re not quite ready for the next round. But Sophie thinks we would do well to remember the time scale at hand: the average fund duration is 10 years, as is the average founder journey — by comparison, a rough 2023 is just a blip in the startup universe. In fact, Sophie argues that now is the smart time to invest, since valuations are down and we know from past startup history that the best companies are forged during crises.
In 2022, the industry which received the most investment in Switzerland was fintech, closely followed by climatetech. Sophie and DART Labs are placing their bets on climatetech in 2023 for several reasons:
In 2025 wind and solar energy will become cheaper to produce in the US than coal: climatetech ventures are starting to make financial sense, and not just environmental sense;
Climatetech companies are now maturing, like the famous Swiss example, Climeworks;
There are more and more impact/climatetech funds coming up;
Climatetech events are being hosted in New York and San Francisco;
Most of us have now experienced the negative consequences of climate change personally.
DART Labs is currently raising USD 20M, and is still considered an emerging fund. Their investment strategy is health and climatetech early stage Swiss companies looking to enter the US market. Whether you are an investor looking to finance DART, or a startup aiming to be financed by DART, click the link above to head to their website and find out more.