Xatena has concluded a financing round worth 1.5 million Swiss francs, the company writes in a press release. The round mainly involved equity capital, though supplemented by debt financing. New investors were reportedly secured via the network of the Swiss ICT Investor Club (SICTIC).
Xatena offers a procurement and marketing platform for the healthcare sector. As a B2B network, the startup supports both purchasers and suppliers in the digital transformation of their procurement and sales processes. Interest in the company’s platform has been strong: since October 2018, the number of registered providers on Xatena has increased from 100 to 350, while the number of purchasing companies has risen from 11 to 20. The open and closed procurement volume currently amounts to over 60 million francs, a three-fold increase since the start of the year.
Xatena intends to use this new capital to fund its next growth step, with the focus above all on expansion. The startup is planning to enter the German market, while at the same time also optimizing and further developing the platform.