Swiss Venture Capital Report Update H1 2022 (Swiss Venture Capital Report (startupticker))

Summary

• In the first half of 2022, total invested capital in Swiss start-up financing rose to almost CHF 2.6 billion across more than 160 financing rounds.p.2
• A total of 163 financing rounds were completed between January and June 2022, which is more than 30% higher than in the same period in 2021.p.3
• The largest single investment of CHF 600 million went to cleantech start-up Climeworks.p.3
• Canton Zurich broke the one billion franc barrier by receiving more than CHF 1.3 billion, representing about 53% of total capital.p.7
• A total of 29 Swiss start-ups were acquired in the first half of 2022, with 23 taken over by buyers from abroad.p.10

Key insights

1. The five largest cantons (Zurich, Vaud, Geneva, Zug, and Basel-Stadt) received 93% of the total invested capital.p.7
2. In seed rounds, Swiss start-ups had an average valuation of CHF 9.2 million in the first six months of 2022.p.9
3. According to an investor survey, 60% of respondents expect invested capital in Swiss start-ups to decline by up to a quarter over the next 12 months.p.13
4. Investors expect the sharpest decline in financing growth rounds (Series B and later), while seed financing is expected to show the greatest resilience.p.13