Fixposition providing global high-precision positioning solutions gets seed extension round with new investors

Fixposition AG, a cutting-edge Swiss technology company providing global high-precision positioning solutions, welcomes Serpentine Ventures, Amino Capital, and MAX Electron as new investors to its seed extension round. Fixposition was elected at the TOP 100 Swiss Startup Award from 2018 to 2021, participated in Venture Leaders China and ESA BIC Switzerland, and won Venture Kick stage 2 in 2018.

Fixposition AG is a Swiss company developing high-precision global positioning products, combing computer vision techniques and satellite navigation to deliver reliable precise global positioning in open field and in GNSS-challenging environments. Technology is a crucial enabler for the mass adoption of autonomous solutions.

"We are excited to welcome new investors joining our mission to provide precise global positioning everywhere. They all bring different values to Fixposition: Serpentine is a FINMA-licensed VC with strong Swiss-Specific know-how which is important for Fixposition as a Swiss company. Amino is going to help us with their expertise in big data and machine learning, MAX Electron as one of our distributors in China will further accelerate our go-to-market.” said Dr. Zhenzhong Su, CEO and Co-Founder of Fixposition.

With a successful launch of the Vision-RTK 2 sensor with positive market feedback, the fund will be mainly used to build a stronger sales pipeline aiming to enable mass production with more contracts to be sealed in the coming 2 years. Fixposition will also use the fund to drive further innovation in its technology for future-proof solutions.

“We are working with our partners to refine our technology to simplify its integration and prepare for more design-in,” explained Lukas Meier, CTO and Co-Founder of Fixposition. “More next-generation features of our product pipeline are being developed to expand the operation area of our customers’ autonomous systems.”

The round is part of the $5.95 million seed funding Fixposition raised in October 2021. The team decided not to include the investment from Gao Mei Capital (G&M Capital), due to the complexity of transferring the RMB fund to Switzerland.

Fixposition was elected at the TOP 100 Swiss Startup Award from 2018 to 2021, participated in Venture Leaders China and ESA BIC Switzerland, and won Venture Kick stage 2 in 2018.

Source: Fixposition Press Release