Funding

New Senior Management Team at Swisscom Ventures

Dominique Mégret, founder and head of Swisscom Ventures, will be moving to Ecorobotix per 1 March, where he will take over as CEO. His role at Swisscom Ventures will be handed over to an established team: Stefan Kuentz, Alexander Schläpfer

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Swiss Tech Funding Falls 35% Driven by ICT, Fintech

In 2023, venture capital (VC) investment to Swiss tech startups fell by 35% year-on-year (YoY), a slump that was more pronounced in segments that are more mature and which require higher levels of capital, including information and communications technology (ICT)

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Core Banking Provider Tuum Grabs 25M EUR Series B Led by Commerzventures

Tuum, a London based core banking provider, announced that it has raised EUR25m, in a series B financing round led by CommerzVentures, with participation from Speedinvest alongside existing investors. Tuum has expanded rapidly since signing its first client partnership in

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Thomson Reuters Acquires Insurance Media Niche News Platform

Thomson Reuters Corporation, a global content and technology company, announced that it has acquired World Business Media Limited, a cross-platform, subscription-based provider of editorial coverage for the (re)insurance industry. This acquisition is in line with Reuters strategic priority to provide

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Sygnum Funding Round Exceeds Expectations, Raising Over US$40 Million

Global digital asset banking group Sygnum has reported an interim close of its Strategic Growth Round, successfully raising over US$40 million, surpassing its initial target of around US$35 million. This funding has elevated the Sygnum post-money valuation to US$900 million.

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Carvolution Secures CHF 200 Million Financing from Barclays

Carvolution, a Swiss market leader for car subscriptions, secures up to 200 million Swiss francs. This takes Carvolution’s fleet development and the related financing to a new scale, as the young company from Oberaargau has succeeded in attracting international partners

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10x Banking Raises US$50M, Appoints New Chief Revenue Officer

10x Banking, a cloud-native SaaS core bank operating system founded by former Barclays CEO Antony Jenkins, has recently raised US$50 million in a new funding round and appointed Matt Mills as Chief Revenue Officer. The funding round, led by BlackRock

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Zurich Based Card Payment Fintech Rivero Raises $7 Million Series A

Rivero, a Swiss Fintech specialising in digitalisation and automation of payment processes, announced that it has raised $7 million in a Series A round. The round was led by 6 Degrees Capital and Inference Partners, with participation from Kraken Ventures,

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DACH Insurtech Map and Funding Highlights in 2023

House of Insurtech presented at the end of 2023 a comprehensive report showcasing the Insurtech Map’s growth and impact. The platform has emerged as a hub for innovation, featuring over ±200 startups from Germany, Austria, Switzerland, and Liechtenstein. This interactive

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Fintech, Tech and Crypto Media Sector Shows Resilience with Notable Strategic Acquisitions and Funding Rounds in 2023

Over the past year, global economic and geopolitical uncertainty posed challenges for media and telecoms mergers and acquisitions (M&A) activity, but despite this, the sector continued to see strategic acquisitions and funding rounds driven by factors such as digitalization, innovation,

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