Zurich – Venture capital investment in Swiss start-ups rose sharply in the first half of 2019. According to an analysis by Venturelab, start-ups from the Greater Zurich Area raised the most venture capital. One billion Swiss francs has already been invested to date.
The start-up support initiative Venturelab has analyzed venture capital investment in Swiss start-ups. After record investment in 2018, total investment during the first half of 2019 rose considerably year on year. According to a press release, 1.02 billion Swiss francs have already been invested this year. This compares with 492 million francs during the same period last year. Thus, more investment was acquired in the first six months of 2019 than in 2017 as a whole. Moreover, three-quarters of the total venture capital funding recorded in 2018 has already been exceeded.
Start-ups from the Greater Zurich Area were particularly successful at acquiring investor capital. GetYourGuide topped the list with 484 million francs. The start-up has a booking platform by the same name via which users can book tours and activities all over the world. Fintech TradePlus24, which offers debtor financing developed specifically for SMUs, followed in second place and raised 120 million francs.
The Top 10 in the first six months of 2019 also included the engineering firm Nexxiot AG, in sixth place with 35 million francs, and the Fintech Loanboox in eighth place with 22 million francs. The Top 10 is rounded off by Tangem AG, specializing in blockchain applications, which has so far raised 15 million francs this year.