SICTIC Facilitated Close to 70% Of Swiss Early Stage ICT, Fintech Funding Rounds in 2022by Fintechnews Switzerland March 16, 2023
The Swiss ICT Investor Club (SICTIC), a non-profit organisation that connects investors to local early stage tech startups, reported that it had facilitated 106 out of the 153 funding rounds for Swiss early-stage startups in the ICT and fintech sectors last year.
These findings were detailed in the annual SICTIC Investment Report which outlined that SICTIC had covered 69% of all early-stage financing in Swiss ICT and fintech startups.
The aggregated portfolio of the SICTIC investor community had grown to feature 254 startups, some of which have already achieved or are about to achieve unicorn status, i.e. a company valuation of more than one billion Swiss francs. Furthermore, SICTIC had also reported 9 exits last year.
Moving forward, SICTIC will be expanding its focus to support startups from other technology sectors in the future.
“Despite many uncertainties in the market and an increase in inflation, 2022 was an extremely strong growth year for venture capital in Switzerland.
This not only underlines the quality and robustness of Swiss startups, but also demonstrates SICTIC’s leading role as the most active matchmaking platform for Swiss early-stage financing”
said Dr. Thomas Dübendorfer, President of SICTIC.
“We want to extend our successful and efficient matchmaking process to other sectors.
This offers opportunities for our investors to further diversify their portfolio, but it allows us to further increase our contribution to the Swiss startup ecosystem, as more startups can benefit from our matchmaking process,”
explains Thomas Ackermann, Managing Director of SICTIC.