New financially strong support: VW heir and Elon Musk investor join CARIFY

October 13, 2021

The HSG spin-off CARIFY is bringing new, financially strong investors on board in the form of VW heir Toni Piëch and professional investor ACE & Company.

"We are very pleased to have Toni Piëch and ACE & Company as investors in the recently concluded financing round," say Sergio Studer and Raffael Fiechter, the two founders of CARIFY. "Since the demand was high, we were able to select the most suitable investors for us. Toni Piëch, the team of ACE & Company and the other investors believe in our business model and enable the further financing of our ambitious growth plans."

Toni Piëch is the son of Ferdinand Piëch and Marlene Porsche and has developed his own sports car, the Piëch GT, which successfully entered the testing phase last week. Piëch was able to win Paypal founder and Silicon Valley legend Peter Thiel as an investor.

ACE & Company is a global investment firm based in Geneva that was founded in 2005 by Adam Said and has already invested in successful companies such as Elon Musk's SpaceX, Airbnb, Wefox and Uber.

In addition to Toni Piëch and Adam Said, other personalities from the motorsport scene and the finance industry participated in the financing round.

More information can be found in the Handelszeitung.

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