Switzerland’s 50 most valuable startups
A quarterly ranking of non-listed Swiss startups that have already raised funds, established by artificial intelligence from public information. The market sets the value; AI models estimate it.
National ranking · all sectors
This ranking shows the startups as they stood on 18 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 11 Nov 2026.
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| # | Company | Sub-sector | Known funding | Estimated valuation (AI) · range | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets, to validated members only. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a partner desk. Neither is an order nor a commitment to invest. Terms for Backers → |
|---|---|---|---|---|---|---|
| 1 | ClimeworksZurich · founded 2009 Cut about 22% of staff in May 2025; operates Orca and Mammoth DAC plants in Iceland. |
Climate › direct air capture | USD 1bn+ raised Growth equity · USD 160M · Jul 2025 (BigPoint Holding, Partners Group; mainly existing investors) |
Last known equity round: Growth equity · USD 162M · Jul 2025 (BigPoint Holding, Partners Group; mainly existing investors)Method | Be the first | Back |
| 2 | SonarGeneva · founded 2008 More than 28,000 enterprise customers reported in 2025; acquired AutoCodeRover (2025) and Tidelift (2024). |
Software › code quality and security | USD 450M+ raised Growth round · USD 410M · Apr 2022 (Advent International, General Atlantic, Permira; Insight Partners) |
Last known equity round: Growth round · USD 412M · Apr 2022 (Advent International, General Atlantic, Permira; Insight Partners) Published valuation: USD 4.7bn (Apr 2022)Method |
Be the first | Back |
| 3 | AcronisSchaffhausen · founded 2003Controlled by EQT CEO Ezequiel Steiner. |
Cybersecurity › backup and cyber protection | USD 650M+ raised Growth round · USD 250M · Jul 2022 (BlackRock; Global Founders Capital, Highland Europe) |
Last known equity round: Growth round · USD 250M · Jul 2022 (BlackRock; Global Founders Capital, Highland Europe) Published valuation: USD 3.5bn (Jul 2022)Method |
Be the first | Back |
| 4 | OvivaAltendorf · founded 2014 Offices in Zurich, Altendorf, London, Berlin, Potsdam, Warsaw. |
Healthtech › digital obesity and diabetes care | USD 350M+ raised Series D · USD 230M · Jan 2026 (Kinnevik; Planet First Partners, A.P. Moller Holding, Lunate, EGS Beteiligungen) |
Last known equity round: Series D · USD 234M · Jan 2026 (Kinnevik; Planet First Partners, A.P. Moller Holding, Lunate, EGS Beteiligungen)Method | Be the first | Back |
| 5 | Terra QuantumSt. Gallen · founded 2019 Plans a Nasdaq listing via merger with Axiom Intelligence Acquisition Corp 1, expected in H2 2026. |
Deeptech › quantum computing | raised SPAC merger agreement · May 2026 (Axiom Intelligence Acquisition Corp 1), at a USD 3.5bn equity value, not yet completed |
No equity round with a disclosed amount. Published valuation: USD 3.5bn (May 2026)Method |
Be the first | |
| 6 | Numab TherapeuticsHorgen · founded 2011 | Biotech › multispecific antibodies | raised Series C (incl. extensions) · USD 200M · Jan 2025 (Cormorant, Forbion Growth, HBM Healthcare, Novo Holdings; BVF, Octagon, RTW, BlackRock) |
Last known equity round: Series C (incl. extensions) · USD 198M · Jan 2025 (Cormorant, Forbion Growth, HBM Healthcare, Novo Holdings; BVF, Octagon, RTW, BlackRock)Method | Be the first | Back |
| 7 | SygnumZurich · founded 2017 FINMA-licensed bank; also licensed by MAS in Singapore. |
Crypto › digital asset bank | raised Strategic growth round · USD 58M · Jan 2025 (Fulgur Ventures; existing investors) |
Last known equity round: Strategic growth round · USD 58M · Jan 2025 (Fulgur Ventures; existing investors) Published valuation: USD 1bn (Jan 2025)Method |
Be the first | Back |
| 8 | Alentis TherapeuticsBasel | Biotech › oncology ADCs | raised Series D · USD 180M · Nov 2024 |
Last known equity round: Series D · USD 181.4M · Nov 2024Method | Be the first | Back |
| 9 | Windward BioBasel · founded 2024 Lead asset WIN378 in-licensed from Kelun-Biotech / Harbour BioMed group. |
Biotech › respiratory antibodies | USD 365M raised Crossover · USD 160M · May 2026 (OrbiMed; RA Capital, Janus Henderson, Sanofi Ventures, Harbour BioMed) |
Last known equity round: Crossover · USD 165M · May 2026 (OrbiMed; RA Capital, Janus Henderson, Sanofi Ventures, Harbour BioMed)Method | Be the first | Back |
| 10 | Vaderis TherapeuticsBasel | Biotech › rare vascular disease | raised Series B · USD 150M · Aug 2026 (Goldman Sachs Alternatives (Life Sciences), TCGX; Omega Funds, EQT Life Sciences, Perceptive Advisors, Kalehua Capital) |
Last known equity round: Series B · USD 152M · Aug 2026Method | Be the first | Back |
| 11 | ScanditZurich · founded 2009 ETH Zurich spin-off; customers in retail, transport and logistics, healthcare. |
AI › smart data capture | USD 300M raised Series D · USD 150M · Feb 2022 (Warburg Pincus) |
Last known equity round: Series D · USD 150M · Feb 2022 (Warburg Pincus) Published valuation: USD 1bn (Feb 2022)Method |
Be the first | Back |
| 12 | DistalmotionLausanne · founded 2012 Dexter is used in hospitals in Europe and the United States. |
Medtech › surgical robotics | raised Series G · USD 150M · Nov 2025 (Revival Healthcare Capital; existing investors) |
Last known equity round: Series G · USD 150M · Nov 2025 (Revival Healthcare Capital; existing investors)Method | Be the first | Back |
| 13 | Noema PharmaBasel · founded 2020 | Biotech › CNS drugs | raised Series B (incl. extension) · USD 150M · Dec 2024 (Forbion, Jeito Capital; EQT Life Sciences) |
Last known equity round: Series B (incl. extension) · USD 147M · Dec 2024 (Forbion, Jeito Capital; EQT Life Sciences)Method | Be the first | Back |
| 14 | TerralayrZug · founded 2022 Four batteries connected and ten under construction (150 MW). |
Energy › battery storage | raised Growth equity · USD 130M · Jan 2026 (Eurazeo; RIVE Private Investment) |
Last known equity round: Growth equity · USD 131M · Jan 2026 (Eurazeo; RIVE Private Investment)Method | Be the first | Back |
| 15 | NuclidiumBasel | Biotech › radiopharmaceuticals | raised Series B (incl. extension) · USD 130M · May 2026 |
Last known equity round: Series B (incl. extension) · USD 131M · May 2026Method | Be the first | Back |
| 16 | GlycoEraWädenswil Also has an office in Newton, Massachusetts. |
Biotech › autoimmune protein degraders | raised Series B · USD 130M · May 2025 (Novo Holdings; Catalio Capital Management, Bristol Myers Squibb) |
Last known equity round: Series B · USD 130M · May 2025 (Novo Holdings; Catalio Capital Management, Bristol Myers Squibb)Method | Be the first | Back |
| 17 | AMINAZug · founded 2018 2024 revenue USD 40.4M; quarterly profit from Q4 2024 (company). |
Fintech › crypto bank | USD 245M raised Series C · USD 120M · Jan 2022 |
Last known equity round: Series C · USD 120M · Jan 2022Method | Be the first | Back |
| 18 | EcorobotixYverdon-les-Bains · founded 2014 | Agtech › precision spraying | raised Series D · USD 100M · Oct 2025 (Highland Europe; ECBF, McWin) |
Last known equity round: Series D · USD 105M · Oct 2025 (Highland Europe; ECBF, McWin)Method | Be the first | Back |
| 19 | Neural ConceptLausanne · founded 2018 EPFL spin-off; customers in automotive, aerospace, energy, semiconductor and defence. |
Software › AI for engineering | USD 130M+ raised Series C · USD 100M · Dec 2025 (Goldman Sachs Alternatives; Forestay Capital, Alven, HTGF, D. E. Shaw Ventures) |
Last known equity round: Series C · USD 100M · Dec 2025 (Goldman Sachs Alternatives; Forestay Capital, Alven, HTGF, D. E. Shaw Ventures)Method | Be the first | Back |
| 20 | Granite BioBasel | Biotech › immunology antibodies | USD 100M raised Series A + B · USD 100M · Apr 2025 (Versant Ventures, Novartis Venture Fund; Forbion, Sanofi Ventures) |
Last known equity round: Series A + B · USD 100M · Apr 2025 (Versant Ventures, Novartis Venture Fund; Forbion, Sanofi Ventures)Method | Be the first | Back |
| 21 | AsceneuronLausanne | Biotech › neurodegeneration | raised Series C · USD 100M · Jul 2024 |
Last known equity round: Series C · USD 100M · Jul 2024Method | Be the first | Back |
| 22 | Bright Peak TherapeuticsBasel | Biotech › immuno-oncology | raised Series C · USD 90M · Jun 2024 (Johnson & Johnson Innovation – JJDC; existing investors) |
Last known equity round: Series C · USD 90M · Jun 2024 (Johnson & Johnson Innovation – JJDC; existing investors)Method | Be the first | Back |
| 23 | RhyGazeBasel Spin-out of the Institute of Molecular and Clinical Ophthalmology Basel (IOB); also present in Philadelphia. |
Biotech › ophthalmic gene therapy | raised Series A · USD 86M · Jan 2025 (GV (Google Ventures)) |
Last known equity round: Series A · USD 86M · Jan 2025Method | Be the first | Back |
| 24 | Mosanna TherapeuticsBasel · founded 2022 Also has an office in Redwood City, California. |
Biotech › sleep apnea | raised Series A · USD 80M · Jun 2025 (EQT Life Sciences, Pivotal bioVenture Partners; Forbion, Broadview, Norwest) |
Last known equity round: Series A · USD 80M · Jun 2025 (EQT Life Sciences, Pivotal bioVenture Partners; Forbion, Broadview, Norwest)Method | Be the first | Back |
| 25 | Kandou AILausanne · founded 2011 Founded by Amin Shokrollahi (EPFL); CEO Srujan Linga. |
Deeptech › AI chip interconnect | USD 500M+ raised Growth round · USD 220M · Mar 2026 (SoftBank Group, Synopsys, Cadence Design Systems, Maverick Silicon; Alchip Technologies) |
Last known equity round: Growth round · USD 225M · Mar 2026 (SoftBank Group, Synopsys, Cadence Design Systems, Maverick Silicon; Alchip Technologies) Published valuation: USD 400M (Mar 2026)Method |
Be the first | Back |
| 26 | RoomPriceGenieZurich · founded 2017 About 3,000 hotel clients in 65 countries (2025). |
Software › hotel revenue management | raised Growth equity · USD 75M · Feb 2025 (Five Elms Capital) |
Last known equity round: Growth equity · USD 75M · Feb 2025 (Five Elms Capital)Method | Be the first | Back |
| 27 | PlantedKemptthal (Zurich) · founded 2019 ETH Zurich spin-off; bought Ascentys in 2025. |
Foodtech › plant-based meat | raised Series B · USD 72M · Sep 2022 (L Catterton) |
Last known equity round: Series B · USD 72M · Sep 2022 (L Catterton)Method | Be the first | Back |
| 28 | Swissto12Renens (Lausanne) · founded 2011 Also received EUR 73M of ESA programme funding (HummingSat, ARTES) in January 2026, which is not equity. |
Space › small GEO satellites | raised Series C · USD 70M · Jul 2026 (Swisscom Ventures, Swisscanto Invest) |
Last known equity round: Series C · USD 70M · Jul 2026 (Swisscom Ventures, Swisscanto Invest)Method | Be the first | Back |
| 29 | CutissSchlieren · founded 2017 | Medtech › tissue engineering | CHF 125M+ raised Series C · USD 70M · Sep 2025 (Family office of Giammaria Giuliani and a US family represented by Shiloh Advisors; family offices, Swisspreneur investors, Rode Kruis Ziekenhuis) |
Last known equity round: Series C · USD 70M · Sep 2025 (Family office of Giammaria Giuliani and a US family represented by Shiloh Advisors; family offices, Swisspreneur investors, Rode Kruis Ziekenhuis)Method | Be the first | Back |
| 30 | NeustarkBern · founded 2019 | Climate › carbon removal (mineralisation) | raised Series B · USD 69M · Jun 2024 (Decarbonization Partners (BlackRock and Temasek)) |
Last known equity round: Series B · USD 69M · Jun 2024Method | Be the first | Back |
| 31 | TaurusGeneva · founded 2018 | Crypto › digital asset infrastructure | USD 75M+ raised Series B · USD 65M · Feb 2023 (Credit Suisse; Deutsche Bank, Pictet) |
Last known equity round: Series B · USD 65M · Feb 2023 (Credit Suisse; Deutsche Bank, Pictet)Method | Be the first | Back |
| 32 | HAYA TherapeuticsLausanne | Biotech › RNA medicines | raised Series A · USD 65M · May 2025 (Sofinnova Partners, Earlybird; Eli Lilly, ATHOS, +ND Capital, Alexandria) |
Last known equity round: Series A · USD 65M · May 2025 (Sofinnova Partners, Earlybird; Eli Lilly, ATHOS, +ND Capital, Alexandria)Method | Be the first | Back |
| 33 | ReproNovoLausanne · founded 2021 Also has a base in Copenhagen. |
Biotech › women's health | raised Series A · USD 65M · May 2025 (Jeito Capital; AXA IM Alts, M Ventures) |
Last known equity round: Series A · USD 65M · May 2025 (Jeito Capital; AXA IM Alts, M Ventures)Method | Be the first | Back |
| 34 | ANYboticsZurich · founded 2016 ETH Zurich spin-off. |
Robotics › legged inspection robots | USD 150M+ raised Series C extension · USD 60M · Dec 2024 (Aramco Ventures, Bessemer, NGP Capital, Qualcomm Ventures) |
Last known equity round: Series C extension · USD 60M · Dec 2024 (Aramco Ventures, Bessemer, NGP Capital, Qualcomm Ventures)Method | Be the first | Back |
| 35 | FrontifySt. Gallen · founded 2013 | Software › brand management | USD 80M+ raised Series C · USD 50M · Sep 2021 (Revaia; HighSage Ventures, EQT Ventures, Blossom Capital, Tenderloin Ventures) |
Last known equity round: Series C · USD 50M · Sep 2021 (Revaia; HighSage Ventures, EQT Ventures, Blossom Capital, Tenderloin Ventures)Method | Be the first | Back |
| 36 | Flexion RoboticsZurich · founded 2024 | Robotics › humanoid autonomy software | USD 57M raised Series A · USD 50M · Nov 2025 (DST Global Partners; NVentures (NVIDIA), redalpine, Prosus Ventures, Moonfire) |
Last known equity round: Series A · USD 50M · Nov 2025Method | Be the first | Back |
| 37 | Polares MedicalLausanne · founded 2015 Over 70 patients treated in clinical trials of its MRace system. |
Medtech › structural heart | raised Series C · USD 50M · Apr 2026 (DC Global Ventures; Lumination Partners) |
Last known equity round: Series C · USD 50M · Apr 2026 (DC Global Ventures; Lumination Partners)Method | Be the first | Back |
| 38 | FoRx TherapeuticsBasel | Biotech › oncology (DNA damage response) | raised Series A · USD 50M · Dec 2025 |
Last known equity round: Series A · USD 50M · Dec 2025Method | Be the first | Back |
| 39 | vVARDISZug · founded 2014 | Medtech › dental | raised Growth · USD 50M · Jul 2025 (OrbiMed) |
Last known equity round: Growth · USD 50M · Jul 2025 (OrbiMed)Method | Be the first | Back |
| 40 | Memo TherapeuticsSchlieren · founded 2012 | Biotech › antibodies | raised Series C (incl. extension) · USD 50M · May 2024 (Pureos Bioventures; Ysios Capital, Kurma Partners) |
Last known equity round: Series C (incl. extension) · USD 50M · May 2024 (Pureos Bioventures; Ysios Capital, Kurma Partners)Method | Be the first | Back |
| 41 | Bitcoin SuisseZug · founded 2013 | Crypto › brokerage & custody | raised Series A · USD 49M · Jul 2020 (Roger Studer (family office); private and strategic investors) |
Last known equity round: Series A · USD 48.6M · Jul 2020 Published valuation: USD 327M (Jul 2020)Method |
Be the first | Back |
| 42 | VerityZurich · founded 2014 | Robotics › warehouse inventory drones | raised Series B (incl. Jul 2023 extension) · USD 43M · Jul 2023 (A.P. Moller Holding; Exor Ventures, Qualcomm Ventures) |
Last known equity round: Series B (incl. Jul 2023 extension) · USD 43M · Jul 2023 (A.P. Moller Holding; Exor Ventures, Qualcomm Ventures)Method | Be the first | Back |
| 43 | NamespaceZurich · founded 2022 Customers include Framer. |
Software › developer build infrastructure | USD 65M raised Series B · USD 42M · Oct 2026 (Scale Venture Partners; 20VC, NEA, Essence, Burst Capital) |
Last known equity round: Series B · USD 42M · Oct 2026 (Scale Venture Partners; 20VC, NEA, Essence, Burst Capital)Method | Be the first | Back |
| 44 | SpartaGeneva | AI › commodity trading analytics | raised Series B · USD 42M · Feb 2025 (One Peak; Singular, FirstMark) |
Last known equity round: Series B · USD 42M · Feb 2025 (One Peak; Singular, FirstMark)Method | Be the first | Back |
| 45 | DeepJudgeZurich · founded 2021 | AI › legal knowledge search | raised Series A · USD 41M · Nov 2025 (Felicis; Coatue) |
Last known equity round: Series A · USD 41.2M · Nov 2025 (Felicis; Coatue)Method | Be the first | Back |
| 46 | M0Zug · founded 2023 | Crypto › stablecoin infrastructure | USD 100M raised Series B · USD 40M · Aug 2025 (Polychain, Ribbit Capital, Endeavor Catalyst) |
Last known equity round: Series B · USD 40M · Aug 2025 (Polychain, Ribbit Capital, Endeavor Catalyst)Method | Be the first | Back |
| 47 | PAVE SpaceRenens · founded 2024 Spin-off of the student-led Gruyère Space Programme; CEO Julie Böhning. |
Space › in-space transport | USD 40M raised Seed · USD 40M · Mar 2026 (Visionaries Club, Creandum) |
Last known equity round: Seed · USD 40M · Mar 2026 (Visionaries Club, Creandum)Method | Be the first | Back |
| 48 | BcompFribourg · founded 2011 | Climate › sustainable materials | raised Series C · USD 40M · Apr 2024 (EGS Beteiligungen; Verve Ventures, Zürcher Kantonalbank, RKKVC) |
Last known equity round: Series C · USD 39.5M · Apr 2024 (EGS Beteiligungen; Verve Ventures, Zürcher Kantonalbank, RKKVC)Method | Be the first | Back |
| 49 | Tolremo TherapeuticsBasel · founded 2017 | Biotech › oncology | raised Series A (incl. extension) · USD 39M · Sep 2023 (BioMedPartners; Pierre Fabre Invest) |
Last known equity round: Series A (incl. extension) · USD 39M · Sep 2023 (BioMedPartners; Pierre Fabre Invest)Method | Be the first | Back |
| 50 | UniqueZurich · founded 2021 | AI › agents for financial services | raised Series A · USD 30M · Feb 2025 (CommerzVentures, DN Capital) |
Last known equity round: Series A · USD 30M · Feb 2025 (CommerzVentures, DN Capital)Method | Be the first | Back |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale. · Terms
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Companies are ranked by AI-estimated valuation, highest first. The market sets the value; AI models estimate it.
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Rankings by sector
Four verticals at launch, more when the feasibility test allows.Biotech & medtech
Antibodies, radiopharmaceuticals, gene therapy, surgical robots and digital obesity care.
Software, AI & deeptech
Code quality, cyber protection, AI chip interconnects, quantum and engineering AI.
Fintech & crypto
Digital asset banks, crypto custody, stablecoin infrastructure and brokerage.
Climate, robotics & space
Direct air capture, battery storage, legged robots, precision spraying and satellites.
Introductions made by a Fundraising Desk partner, currently being selected
An adviser authorised by FINMA (Swiss Financial Market Supervisory Authority) or affiliated with a supervisory organisation, the only party entitled to present Backers’ demand to companies for their funding rounds. Sales of existing shares are handled by Secondary Sales Desks, assigned company by company. Uback remains a media: it ranks and aggregates intentions, it takes part in no transaction.
Become Uback’s Fundraising Desk partner in Switzerland
- Foreign investors you would not find on your own
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- Backers’ demand on each company, before its round opens
- The “Uback Fundraising Partner in Switzerland” title on your profiles
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call. Undisclosed amount: the round is confirmed by the press, not its amount.
- Gr3n · Climate › chemical recycling of PET and polyesterSeries B · USD 17M · Jun 2026 (360 Capital; VP Textile (VP Capital))Back
- Neurosoft Bioelectronics · Medtech › brain-computer interfacesSeed · USD 7.5M · May 2026 (Skybound Venture Capital; Protocol Labs, IAG Capital Partners, Connecticut Innovations)Back
- Planetary · Foodtech › precision fermentationSeries A · USD 20M · Apr 2026 (Radikal Capital, Oetker Ventures; Royal Cosun, arc investors, Green Generation Fund, AgriFoodTech Venture Alliance)Back
- BLP Digital · AI › finance process automationSecondary sale · USD 50M · Apr 2026 (Goldman Sachs Alternatives), purchase of existing shares; no primary round disclosedBack
- Haelixa · Deeptech › supply-chain traceabilityPre-Series A · USD 2.4M · Feb 2026 (Verve Ventures, Zürcher Kantonalbank; 212 NexT Fund)Back
- Saporo · Cybersecurity › identity attack pathsSeries A · USD 8.1M · Dec 2025Back
- Pythom Space · Space › small launch vehiclesStrategic round · USD 10M · Nov 2025 (Saab)Back
- Exnaton · Energy › utility softwareSeries A · amount undisclosed · Oct 2025 (4impact Capital, Elevator Ventures; True Ventures, Übermorgen Ventures)Back
- DePoly · Climate › plastic depolymerisationSeries A · USD 15M · Apr 2025 (MassMutual Ventures; Founderful, ACE & Company, Zürcher Kantonalbank, BASF VC)Back
- Validation Cloud · Crypto › Web3 data & node infrastructureSeries A · USD 15M · Mar 2025Back
- Amnis · Fintech › SME payments & FXSeries B · USD 11M · Feb 2025 (Swisscom Ventures)Back
- Oxyle · Climate › PFAS destruction in waterSeed · USD 16M · Jan 2025 (360 Capital, Axeleo Capital, Founderful, SOSV)Back
- Librec · Climate › battery recyclingSeed · USD 3.3M · 2025Back
- Embotech · Mobility › autonomous logisticsSeries B · USD 26M · Dec 2024 (BMW i Ventures, Emerald Technology Ventures, Yttrium)Back
- Relai · Crypto › bitcoin savings appSeries A · USD 12M · Dec 2024 (Ego Death Capital)Back
- Splint Invest · Fintech › fractional alternative assetsPre-round (crowd) · USD 2.8M · Dec 2024 (815 investors)Back
- ImmunOs Therapeutics · Biotech › immunotherapySeries C · USD 11M · Sep 2024 (Gimv, Pfizer Ventures, Mission BioCapital, BioMed Partners; Double Point Ventures)Back
- Lightium · Deeptech › photonics foundrySeed · USD 7M · Sep 2024 (Vsquared Ventures, Lakestar)Back
- Calingo Insurance · Insurtech › pet insurancePre-Series A · USD 3.7M · Aug 2024 (emma Ventures; Zürcher Kantonalbank, StartAngels, existing investors)Back
- South Pole · Climate › carbon marketsGrowth investment · amount undisclosed · Apr 2024 (GenZero (Temasek), Corisol, Lightrock)Back
- Dufour Aerospace · Aerospace › eVTOLSeries B · amount undisclosed · Mar 2024 (Vista Global Holding)Back
- Enerdrape · Energy › geothermalSeed · USD 1.5M · Jan 2024 (Après-demain (GeneRActions Planet), Romande Energie; Swiss investors)Back
- Synhelion · Energy › solar fuelsGrowth round · USD 25M · Sep 2023 (Cemex Ventures)Back
- Pexapark · Software › renewable PPA analyticsSeries C · USD 21M · Sep 2023 (Telstra Ventures; Swisscom Ventures, A&G Energy Transition Tech Fund, RP Global, Encavis)Back
- Tangem · Crypto › hardware walletsEquity round · USD 8M · May 2023 (Shima Capital, SBI Digital Asset Holdings)Back
- SwissBorg · Crypto › retail investment appSeries A · USD 23M · Mar 2023 (about 16,600 community investors)Back
- ClearSpace · Space › debris removalSeries A · USD 29M · Jan 2023 (OTB Ventures, Swisscom Ventures; Luxembourg Future Fund, Lakestar, In-Q-Tel, Happiness Capital)Back
- Insolight · Energy › agrivoltaicsSeries A extension · USD 5.2M · Dec 2022 (Demeter; Smart Energy Innovation Fund (Energie 360°), Verve Ventures, ZKB)Back
- LatticeFlow AI · AI › model validation and governanceSeries A · USD 12M · Oct 2022 (Atlantic Bridge, OpenOcean; FPV Ventures, btov, Global Founders Capital)Back
- Ledgy · Fintech › equity managementSeries B · USD 22M · Sep 2022 (NEA; Speedinvest, Sequoia Capital, 20VC, btov)Back
- Flyability · Drones › indoor inspectionSeries C · USD 16M · Sep 2022Back
- Selma Finance · Fintech › robo-advisorSeries A · amount undisclosed · Aug 2022 (TX Ventures)Back
- Decentriq · Software › data clean roomsSeries A · USD 15M · Mar 2022 (Eclipse Ventures; Atlantic Labs, btov Partners, Paladin Capital Group)Back
- Wecan Group · Regtech › compliance data sharingSeries B · USD 3.6M · Mar 2022Back
- Archlet · Software › procurement analyticsSeries A · USD 10M · Sep 2021 (HV Capital; Wingman Ventures, Senovo, La Famiglia, Matthias Hilpert)Back
- Nym Technologies · Cybersecurity › privacy networkSeries A · USD 6.5M · Jul 2021 (Polychain Capital; Eden Block, Greenfield One, Maven11, Tioga)Back
- AgroSustain · Agritech › biological crop protectionSeries A · amount undisclosed · Jul 2021Back
- Exeon Analytics · Cybersecurity › network detection and responseGrowth round · USD 4.4M · May 2021 (private investors)Back
- Qnami · Deeptech › quantum sensingSeries A · USD 4.4M · May 2021 (Runa Capital, SIT Capital; Quantonation, Verve Ventures, ZKB, High-Tech Gründerfonds)Back
- Wingtra · Drones › survey mappingSeries B · USD 22M · Apr 2021Back
- Abionic · Medtech › diagnosticsSeries C · USD 21M · Mar 2018 (Pierangelo Bottinelli; private investors)Back
- Squirro · AI › enterprise search and GenAISeries B · USD 10M · Jul 2017 (Orange Growth Capital; existing investors)Back
- neon · Fintech › mobile bankingNo equity amount disclosedBack
- Teylor · Fintech › SME lendingNo equity amount disclosedBack
- Fairtiq · Mobility › public transport ticketingNo equity amount disclosedBack
- Payrexx · Fintech › SME paymentsSeries A · amount undisclosedBack
- True Wealth · Fintech › robo-advisorNo equity amount disclosedBack
- Yapeal · Fintech › digital bankNo equity amount disclosedBack
- Typewise · AI › customer service writingNo equity amount disclosedBack
- Apiax · Regtech › digital compliance rulesNo equity amount disclosedBack
- Ligentec · Deeptech › photonics foundryNo equity amount disclosedBack
Born in Switzerland, based elsewhere
Companies of Swiss origin whose main operations are now abroad: not ranked, shown with the law governing their shares.
- GetYourGuide · Consumer tech › travel experiences marketplace
Founded in Zurich in 2009 (ETH Zurich graduates); HQ in Berlin (ranked in Germany)Funding round · USD 194M (equity and debt) · 2023 (Temasek, KKR), at about USD 2bnBack - Auterion · Defence tech › drone autonomy software
Founded in Zurich in 2017 (ETH Zurich PX4 team); HQ in Arlington, Virginia, with a second HQ in Munich (ranked in the United States)Series B · USD 130M · Sep 2025 (Bessemer Venture Partners; Lakestar, Mosaic Ventures, Costanoa), at about USD 600MBack - Destinus · Defence tech › hypersonic aircraft and drones
Founded in Payerne (Vaud) in 2021; HQ moved to the Netherlands in Nov 2024 (ranked in the Netherlands)2025 round at up to EUR 1.5bn (amount not disclosed); about EUR 400M raised in total, including convertibles and shareholder loansBack - Rapyuta Robotics · Robotics › cloud robotics for warehouses
Founded in 2014 as an ETH Zurich spin-off; HQ in Tokyo (ranked in Japan)Series C · USD 51M · Apr 2022 (Goldman Sachs)Back - Xeltis · Medtech › restorative vascular implants
Founded in Zurich in 2006 (Xeltis AG); HQ and manufacturing in Eindhoven, Netherlands (ranked in the Netherlands)Funding round · EUR 20.5M · Jul 2026 (Horizon 3 Healthcare; EIC, Invest-NL, VI Partners)Back - CeQur · Medtech › wearable insulin delivery
Founded in Switzerland; legal seat in Horw (Lucerne); operations and management mainly in Marlborough, Massachusetts (ranked in the United States)Series E · USD 100M · Jun 2026 (investors undisclosed)Back
Born elsewhere, based in Switzerland
Companies founded abroad whose main operations are in Switzerland.
- Cradle · AI › protein engineering software
Founded in 2021 in Amsterdam and Zurich; HQ in Amsterdam (ranked in the Netherlands)Series B · USD 73M · Nov 2024 (IVP; Index Ventures, Kindred Capital) - General Intuition · AI › agents trained on gameplay data
Founded in 2025 in New York; European research site in Geneva (ranked in the United States)Series A · USD 320M · Jun 2026 (Khosla Ventures; General Catalyst), at USD 2.3bn
Not ranked
- Nexthink · Majority stake bought by Vista Equity Partners from Permira in Oct 2025, at about USD 3bn
- Yokoy · Bought by TravelPerk (now Perk) in Jan 2025
- Lakera · Bought by Check Point Software, announced Sep 2025 (about USD 300M)
- Sevensense Robotics · Bought by ABB in Jan 2024
- Lunaphore · Bought by Bio-Techne (completed 2023)
- Araris Biotech · Bought by Taiho Pharmaceutical, Mar 2025 (USD 400M upfront, up to USD 1.14bn)
- T3 Pharmaceuticals · Bought by Boehringer Ingelheim for CHF 450M
- Daedalean · Bought by Destinus in Aug 2025 (CHF 180M)
- ID Quantique · Bought by IonQ (completed May 2025)
- 21Shares · Bought by FalconX (completed Nov 2025)
- bexio · Bought by Die Mobiliar in 2018
- Doodle · Bought by Tamedia (now TX Group) in 2014
- Avaloq · Bought by NEC (completed Dec 2020)
- Threema · Owned by private equity (Afinum from 2020); sold to Comitis Capital (announced Jan 2026)
- Crypto Finance · Majority bought by Deutsche Börse (completed Dec 2021)
- Ava · Bought by FemTec Health
- Veeam Software · Founded in Baar but HQ in the Seattle area; owned by Insight Partners since 2020
- Astrocast · Insolvency proceedings: composition moratorium granted in June 2025; delisted from Euronext Growth Oslo in 2024
- Proton · Controlled by the non-profit Proton Foundation; its only venture round (USD 2M) dates from 2015
- Infomaniak · Bootstrapped and independent; no outside equity round (founder-controlled, with a foundation guaranteeing independence)
- TWINT · Created and owned by Swiss banks and SIX/Worldline
- wefox · Holding company registered in Zurich, but operations and management in Berlin; restructured in 2024-25 after selling most of its businesses
- DFINITY Foundation · Non-profit foundation (Zurich) funded by tokens (ICP): not an equity startup
- Ethereum Foundation · Non-profit foundation (Zug), funded by a token sale
- Cardano Foundation · Non-profit foundation (Zug), token ecosystem
- Solana Foundation · Non-profit foundation (Zug), token ecosystem; the operating company Solana Labs is in San Francisco
- Web3 Foundation (Polkadot) · Non-profit foundation (Zug), funded by DOT token sales
- Beekeeper · Bought by LumApps in Jul 2025
- Smallpdf · Bootstrapped: no outside equity round found
- RIVR (ex Swiss-Mile) · Bought by Amazon (announced March 2026)
- SixPeaks Bio · Bought by AstraZeneca in 2025 (USD 170M at closing)
- RetinAI (Ikerian) · Bought by EssilorLuxottica in 2025
- Swixx BioPharma · Majority sold to SK Capital Partners in 2025 (valuation above EUR 1.5bn); pharma distributor, not a startup
- Lyncée Tec · Bought by Park Systems in 2025
- Lykke · Exchange halted after a 2024 hack; UK entity put into liquidation in Mar 2025
- Alpian · Digital private bank incubated by the REYL banking group and now majority-owned by Fideuram (Intesa Sanpaolo)
- Nouscom · Legal seat in Basel, but research and management in Rome (ranked in Italy)
The method in Switzerland
Calendar. Quarterly ranking, published on the 11th of February, May, August and November. Next edition: November 11, 2026.
Eligibility: at least $1M raised in equity, non-listed company, main operations in Switzerland.
Fundraising Desk sought. An adviser authorised by FINMA (Swiss Financial Market Supervisory Authority) or affiliated with a supervisory organisation.
Sources. Swiss and international business and technology press (startupticker.ch, Handelszeitung, NZZ, finews.ch, Le Temps, Bilan, swissinfo.ch, TechCrunch, Sifted, Bloomberg, Reuters), the Swiss Venture Capital Report, company and investor announcements.