Investments into European Start-Ups at Record Levels
The first half of 2018 has brought European start-ups so much capital as never before. Compared to 2017, this year 27% more funds have been raised. Compared to other countries, Switzerland ranks fifth. This is shown by Start-Up Barometer Europe 2018 from EY, which reviews how European start-ups are funded.
Switzerland Ranked Fifth
In the first half of 2018 European young companies were able to raise €10.2bln. Compared to the €8.04bln in the first half of 2017, this represents a hefty increase of 27%. With 19%, also the number of funding rounds has risen, albeit a little less strong. Most of the capital (€3.1bln) flew into start-ups in the United Kingdom, follows by Germany (€2.4bln), France (€2bln) and Sweden (€432m). With €415m, Switzerland lies just behind, ranking fifth. It can show how good it is especially when compared to the previous year, as the funds it has raised has almost trebled from €140m to €415m. The number of Switzerland’s funding rounds has grown during that time from 71 to 124.
Zurich as a Leading Swiss City Ranked Sixth or Tenth
If you cast a glance at cities, the first three of them take podium positions in country rankings, as also do their capitals in city rankings: in London alone 2005 funding rounds have brought €2bln, followed by Berlin with €1.6bln (in 1614 rounds) and Paris with €1.4bln (in 1421 rounds). In Zurich 47 funding rounds have brought €160m for start-ups, which, in terms of the number of funding rounds, ranks the city on the Limmat sixth, but, with regard to the amount of raised funds, tenth.
Based on these reassuring figures, it can be reasonably assumed that plenty of investment should be expected by both European and Swiss start-ups in the second half of 2018 too.
Source: EY, Start-Up Barometer Europe 2018
Do you have any innovative business idea you would like to make come true? Use STARTUPS.CH experts to become self-employed.
» Startups Scene» Found online