The Week in Swiss Startups (29.1-2.2.2024) - Week #5
The last week of Jan '24 features 5 startups and 0 exits. The Swiss Venture Capital Report 2024 is out! Register for the GenAI webinar with Swisscom Ventures!
Hi there!
The Swiss Venture Capital Report 2024 as well as the Venture Kick 2023 are in. After a record year in 2022 with Swiss startups raising over $4B, the Swiss startup ecosystem experienced a significant decline in 2023, as reported in December.
So, let's dive deep into the numbers and track some of the exciting trends that emerged from the report:
Funding down: Total investment dropped 35% to CHF 2.6B
Cleantech takes the lead: This sector, boosted by a single mega-round, became the top recipient for the first time.
Biotech and Medtech boom: These sectors saw impressive growth, with investments rising 22% and 42% respectively.
VC activity strong: 52 VCs are actively fundraising, and 25 secured first closings in 2023.
Discover more in the Swiss Venture Capital Report by Startupticker and SECA (link below)
Exits remain a concern: The number of exits dropped significantly (43%) compared to the previous year, raising concerns about liquidity for investors and founders. A robust exit ecosystem is crucial for everyone involved in startups, from investors (LPs and GPs) to founders and employees with stock options. Exits provide the liquidity and returns that fuel innovation and attract further investment.
IPO window? Maybe: While major acquisitions like iRobot ($1.4B) and Figma ($20B) fell through, NYSE predicts a "robust" pipeline of potential IPOs in 2024. Only time will tell, but a healthy exit environment is essential for the long-term health of the entire startup ecosystem.
Looking ahead:
The AI space holds promise! Don't miss the webinar organized by the Swiss Startup Association & Swisscom Ventures: Navigate the GenAI space as a startup.
Have a great week!
Gian
P.S.: Do you want to support/sponsor the weekly newsletter? Discover your options here!
Financing rounds
Biotech
LimmaTech: $3M - Series A extension
Cleantech
Transmutex: CHF20M+ - Series A2
Materials
Impact Acoustic: Undisclosed
Medtech
Qumea: CHf 9M - Series A
Traveltech
Travizory: Undisclosed
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Swisspreneur Podcast
Listen to Sven Erni, co-founder and CEO at Impact Acoustic: Circular, Upcycled Acoustic Solutions - EP #373
Jobs in Swiss VCs
News
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