The Week in Swiss Startups (3-14.7.2023) - Weeks #27 & #28
The first and second weeks of July ‘23 feature 26 startups and 1 exit. Startup investments in CH drop -54% vs PY - Download the Swiss Venture Capital Report!
Hey there!
After enjoying a few days off in Italy, the Week in Swiss Startups is back! According to Startupticker and SECA, Swiss startups secured CHF 1.2 billion (~$1.4 billion) during H1 '23. Although investments experienced a decline of 54% compared to the previous year, the number of investments remained relatively stable, with 154 deals compared to 163 in H1 '22.
The study surveyed ~100 Swiss investors, and one-third of them confirmed their intention to reduce the number of new investments in the coming year, instead focusing on follow-up financing. As a result, the funding landscape for startups will continue to present challenges. It will be interesting to observe the developments over the next six months.
In the meantime, you can access the report through the provided link (below) and consider optimizing your Go-To-Market strategy with SalesPlaybook.
Any comments? Text me on LinkedIn!
Best,
Gian
P.S.: While fintech investments are globally down, Numarics secured a €10.2M seed round and a partnership with UBS - congrats!
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AI/ML
Quazel: $1.5M - Seed
B2C
Alpine White: CHF 3.75M - Seed extension
Avea: $2.5M - Seed extension
Cleantech
Hive Power: CHF 600k - Seed
REMA membrane-less electrolysis: up to CHF 150k - Grant
Exnaton: Undisclosed - Loan Guarantee by Technology Fund
Lynus: Undisclosed - Loan Guarantee by Technology Fund
Selfrag: Undisclosed - Loan Guarantee by Technology Fund
Smarthelio: Undisclosed - Loan Guarantee by Technology Fund
BE WTR: Undisclosed - Loan Guarantee by Technology Fund
Cortexia: Undisclosed - Loan Guarantee by Technology Fund
Drones/Robotics
Verity: $11M - Series B extension
Flybotix: Undisclosed - Loan Guarantee by Technology Fund
Elythor: up to CHF 150k - Grant
Tethys Robotics: up to CHF 150k - Grant
Engineering
biped: up to CHF 40k - Grant
Fintech
Numarics: €10.2M - Seed
Delega: £250k - Seed
UMushroom: CHF 1.5M
Marketplace
Mobilepower: Undisclosed - Loan Guarantee by Technology Fund
Namuk: Undisclosed - Loan Guarantee by Technology Fund
Materials
qCella: up to CHF 150k - Grant
Medtech
Skaaltec: up to CHF 150k - Grant
Sulfiscon: up to CHF 90k - Grant
Mobility
Flux Mobility: Undisclosed - Loan Guarantee by Technology Fund
Travel
BODDY: $2.2M - Seed
Exit
Swiss Post acquires terreActive AG
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Swisspreneur Podcast
Listen to Deana Mohr-Haralampieva, CEO & co-founder at MUVON Therapeutics: Tissue Engineering to Solve Incontinence - EP #330
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News
CERN launches a new startup program: CERN Venture Connect - Article on Sifted
Download the Swiss Venture Capital Report H1 ‘23 by Startupticker and SECA
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