Swiss start-ups receive less venture capital
Published: Tuesday, Jul 16th 2024, 09:20
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Fresh money for Swiss start-ups remained scarce in the first half of 2024, according to a survey. According to the Swiss Venture Capital Report (SVCR), significantly less capital flowed to local start-ups at around CHF 1.1 billion.
Compared to the previous six months, this represents a drop of 9.5%, as the investors' association SECA announced on Tuesday. The report is published jointly with the online news portal Startupticker.ch and in cooperation with "startup.ch".
The number of financing rounds also declined. With a total of 138 financing rounds, this represents a drop of 10 percent.
Start-ups at a very early stage from sectors or subject areas such as AI and energy generation and storage have convinced investors. Meanwhile, investments in companies that have been active for longer, so-called late-stage investments, have fallen sharply and are now "in short supply".
Strong biotech sector
Looking at the individual sectors, biotech start-ups in particular were able to secure a large slice of the pie. According to the figures, over CHF 400 million of the CHF 1.1 billion went to this sector.
Meanwhile, the sums invested in fintechs and other ICT start-ups have fallen by over 40% compared to the previous six months. "The ICT boom of the years from 2019 onwards is therefore definitely over," the communiqué states.
According to an SECA survey of around 100 Swiss startup investors, investors have "dry powder" - technical jargon for free funds for investments. However, the vast majority expect the number of investment opportunities and actual investments to increase over the next twelve months.
©Keystone/SDA
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