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Swiss Startups Make Record High Revenue

In the past year 2018, Swiss tech startups have collected as much venture capital as in any year before. This is clear from the Swiss Venture Capital Report 2019 published by startupticker.ch on January 29th.

According to the report jointly published by Startupticker.ch and the Seca investor association, 1.236 billion Swiss francs were invested in tech startups in a total of 230 financing rounds in 2019.

In particular, the ICT sector, which also includes fintech startups, made significant gains last year. With a share of 685 million Swiss francs, it was able to attract the lion’s share of the investments, and for the first time significantly more than start-ups from the biotech (253 million francs), medical technology (123 million) and digital health (45 million) sectors.

First place of the largest investments of the year reached with 100 million Francs Seba Crypto, which wants to build a bridge between the traditional banking and the cryptocurrency industry. The startup also intends to offer corporate financing, including advice on initial coin offers (ICOs) and other services related to digital assets for corporate clients.

The fact that the start-up boom in the Swiss fintech sector is not a national phenomenon is confirmed by the very strong figures for venture capital investments in Germany last year. There, in 2018, the billion-dollar mark was shit purely for investments in the fintech sector.

Published inFintechStartupsTechnology

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