These venture capital funds have the dry powder to invest in Swiss startups

21.12.2022 07:15, João Guerra

Fundraising data reveals which Swiss and European venture capital investment firms have closed a new fund this year—and therefore have the money to invest in Swiss startups with a competitive edge.

A record CHF 3.4 billion in venture capital flowed into Swiss startups between January and September 2022. But in the last months, startup investors have become more cautious due to Russia's invasion of Ukraine, rising inflation, and poor public market performance. Nevertheless, European venture capital funds are sitting on record levels of dry powder to invest in startups. Atomico’s State of European Tech report reports $85 billion for 2022.

We took a closer look at our fundraising data to determine which Swiss and European venture capital investment firms have closed a new fund this year—and therefore have the money to invest in top Swiss startups with a scalable business model, a strong and diverse team to execute the vision, and a competitive edge.

New Swiss venture capital firms that have closed a new fund
 

BackBone Ventures	ICT
BiomedVC	Biotech
Blue Horizon Ventures	Foodtech
btov	ICT
DAA Capital Partners	Deeptech
Efficient Frontier Investing	Medtech, Biotech, Deeptech, ICT
Endeavour Vision	Medtech
EquityPitcher Ventures	ICT
F10	Fintech
FiveT Fintech	Fintech
Forestay Capital	ICT
Helsana HealthInvest	Medtech
Hemex	Life Sciences
Kick Fund	Deeptech
Korify Ventures	Medtech
L1 Digital	Fintech
Lightbird Ventures AG	ICT
Maximon	Medtech
MRB Fund Partners	Deeptech
MTIP	Medtech
Nextech Invest	Biotech
Planven Entrepreneur Ventures	ICT
Privilège ventures	Medtech, Deeptech, ICT
Redalpine Venture Partners	ICT, Fintech, Healthtech
Serpentine Ventures	Medtech, Deeptech, ICT
Session.vc	ICT
SNGLR Capital	Smart Cities
Spicehouse Partners	ICT
Swiss Diabetes Venture Fund	Life Sciences
Swisscanto Invest	Cleantech
Swisscom Ventures	ICT, Deeptech
TX Ventures	Fintech
Versant Ventures	Biotech
Verve Capital Partners	ICT
VI Partners	ICT, Life Sciences
Wingman	ICT

20 European Venture Capital firms with the largest raised funds (400 million and plus)
 

Index Ventures	UK	SaaS, Fintech, Cleantech, ICT
Bain Capital	UK	General
Eurazeo	France	General
EQT Ventures	Sweden, UK, Germany	General
Partech	France	General
Anthemis	UK	Fintech
Balderton Capital	UK	General
Accel	UK	General
GRO Capital	Denmark	SaaS
SE Ventures	France	General
Quadrille Capital	France	Deeptech, Health
Creandum	Sweden	General
SpeedInvest	Austria	Deeptech, Fintech, Medtech, Industrial Tech, SaaS
Sofinnova Partners	France	Medtech
Eight Roads Ventures	UK	Deeptech, Fintech, Medtech, Industrial Tech, SaaS
Blossom Capital	UK	Fintech, SaaS, ICT
HV Capital	Germany	General
468 Capital	Germany	ICT
Cusp Capital	Germany	ICT
Orange Ventures	France	ICT, Fintech

Yes, these venture capital funds have a lot of dry powder; but be aware that they will adapt their investment strategy. "Capital will still flow into strong early-stage startups as Switzerland has great tech universities that continuously generate valuable startup ideas," said Stefan Steiner, Co-Managing Director at Venturelab. "Growth startups will need to show strong traction to convince investors and valuations will come down again to a more sustainable level."

Startups should therefore prepare for a longer fundraising period than in previous years and should keep their burn rate low to extend their run rate. Read more in our article on Venture Capital predictions for 2023 about the investor outlook and trends for the upcoming year.

Are any funds missing from our list? Get in touch and let us know.