Swiss Start-Up Funding Remains Depressed

(MENAFN- Swissinfo) Funding for start-ups in Switzerland remained at a low level in the first half of 2024. Venture capital invested fell by 9.5% to CHF1.1 billion, according to the Swiss Venture Capital Report released on Tuesday.

This content was published on July 16, 2024 - 11:42 2 minutes Keystone-SDA

Français fr Le financement des jeunes pousses suisses reste à un bas niveau Original Read more: Le financement des jeunes pousses suisses reste à un bas nivea

Check out our selection of newsletters. Subscribe here .

Financing rounds were also down, by 10.4% to 138 deals in the first six months of the year, according to the Swiss Venture Capital Report study conducted by startup in collaboration with the Swiss Association of Capital Investors and Financing (Seca).

More More Start-ups, failures and funding: the Swiss company landscape

This content was published on Jan 26, 2024 A tour of how many firms were created or were lost to the Swiss economy in 2023.

Read more: Start-ups, failures and funding: the Swiss company landscap

Although the figures are similar to those of the previous year, an analysis of investments by sector and by degree of maturity of start-ups shows clear differences compared to the previous year. While companies in certain sectors or fields such as Artificial Intelligence (AI) and energy production and storage are convincing investors, investments at an advanced stage are rare.

The amount invested in financial technology (Fintech) and information and communication technology (ICT) start-ups fell by over 40% year-on-year. The 2019 ICT boom is definitely over, according to the release.

However, there were also some positive signs, such as an increase in the biotech sector. Biotech companies managed to attract more than CHF400 million, the third-highest amount ever.

The study also shows that investors have free funds to invest. The vast majority expect both the number of investment opportunities open to them and the number of investments to increase over the next 12 months.

Translated from French by DeepL/mga

This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.

If you want to know more about how we work, have a look
here , if you want to learn more about how we use technology, click
here , and if you have feedback on this news story please write to
... .

External Content Your subscription could not be saved. Please try again. Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you. Daily news

Get the most important news from Switzerland in your inbox.

Daily

Email

The SBC Privacy Policy provides additional information on how your data is processed.

I consent to the use of my data for the SWI swissinfo newsletter.

Popular Stories More Swiss Abroad More and more Swiss are living abroad Read more: More and more Swiss are living abroa More Workplace Switzerland Mass tourism in Switzerland: beneficial or detrimental? Read more: Mass tourism in Switzerland: beneficial or detrimental More Foreign affairs Why Swiss trams have become sought-after vehicles in Ukraine Read more: Why Swiss trams have become sought-after vehicles in Ukrain More Multinational companies Has food label Nutri-Score passed its expiry date in Switzerland? Read more: Has food label Nutri-Score passed its expiry date in Switzerland More Swiss Abroad The Swiss 'have always crossed borders' Read more: The Swiss 'have always crossed borders Most Discussed

MENAFN18072024000210011054ID1108455255

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.