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There’s no shortage of interest in #fintech right now — the recent 10,000-plus attendees at last week’s Money20/20 conference proved that &8212; and even though the industry is still not seeing the mega funding rounds it did last year, investors are still finding new fintechs to sink their teeth into. It appears asRead More
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The Swiss investment #Fintech platform for start-ups, investiere.ch, has successfully closed another #financing #round. With a substantial participation in the capital increase, Zürcher Kantonalbank has become a new #minority #shareholder of investiere.ch. The financing round represents the largest fintech investment in Switzerland this year to date.
investiere.ch announced that it has successfully closed a Series B financing round totalling CHF 3.5 million. This capital increase will enable investiere.ch to further develop its investment platform with services and tools related to start-up financing and to drive the platform’s growth. At the same time, investiere.ch has gained an important shareholder in #Zürcher #Kantonalbank, which is a leading provider of start-up financing and has many years of experience in this field. Existing shareholders and other experienced business angels also participated in this financing round.
Image from Zürcher Kantonalbank Facebook
“With Zürcher Kantonalbank, we have acquired an ideal partner as an investor,” Steffen Wagner, co-founder and CEO of investiere.ch, explains. “Zürcher Kantonalbank has repeatedly demonstrated its innovative strength and its expertise in the area of venture capital and has for many years shared our mission of providing professional financing for start-ups.”
Martin Scholl, CEO of Zürcher Kantonalbank, commented: “We decided to invest in investiere.ch based on the team and #technology behind the platform. The digitalisation of the venture capital market offers attractive growth potential and also creates opportunities for the further development of our own financing activities in areas such as SME financing.”
investiere.ch and Zürcher Kantonalbank are among the most active venture capital providers in the Swiss market. Zürcher Kantonalbank has long been investing in young companies. More than a decade ago, it launched its ‘Pioneer’ initiative and since then the bank has invested more than CHF 100 million in start-ups with new and innovative business ideas. This has resulted in the creation of almost 1,000 jobs. #investiere.ch has already provided over CHF 17 million in funding for start-ups in more than 40 financing rounds. There will be no changes to the activities conducted by Zürcher Kantonalbank as part of its ‘Pioneer’ initiative. At the same time, investiere.ch will retain full independence with regard to the development of its business.
Featured image: Pixabay
The post investiere.ch Closes Financing Round: Zürcher Kantonalbank Becomes a Significant Minority Shareholder appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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