(MENAFN – Swissinfo) More than CHF2 billion in venture capital flowed to young Swiss companies for the second straight year, a level of sustainable funding that defies the economic crash caused by last year’s pandemic.
This content is published on 26 January 2021 – 14:15 26 January 2021 – 14:15 swissinfo.ch/mga
Investors are pouring more money into clean technology and biotechnology projects that are expanding in 2020 at the expense of ICT and especially fintech companies. This is the finding of Swiss Venture Capital annual report External links released on Tuesday by startupticker.ch and the SECA investor association.
Despite the sway last March, and to a lesser extent in October, funding for the year fell just 7% to CHF2.1 billion ($ 2.37 billion) in 2020. This follows a record 85.5% increase in venture capital (CHF2.3 billion) in 2019 , the level of initial financing that mostly persisted last year though many investors take back the risk in the face of Covid-19. In the first six months of 2020, the value of investment fell by a third but strengthened strongly in the second half of the year.
Investors spread their financing less last year, avoiding the kind of big deals worth over CHF200 million that were a feature of 2019.
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