The Swiss Entrepreneurs Foundation concluded a first round of fundraising. The fund that has the backing of UBS and Credit Suisse will now start investing in emerging small- and medium-sized companies.
The Swiss Entrepreneurs Funds was launched in February 2019 by the Swiss Entrepreneurs Foundation. It has successfully concluded the first round of fundraising, collecting a total of 190 million Swiss francs ($193 million), the fund reported on Tuesday.
The Swiss Entrepreneurs Fund in August will start investing its assets in Swiss startups and small- and medium-sized companies, the group added.
Eco-System Funding
Institutional investors have shown great interest in the fund, which has the backing of UBS and Credit Suisse. It aims to reach invested assets of 500 million francs. Mobiliar, the Swiss insurance company, had promised investments to the tune of 100 million francs and has currently has a stake of 76 million.
Mobiliar Chairman Urs Berger is also president of the Swiss Entrepreneurs Foundation. The organization wants to support a broad-based eco-system comprised of startups and smaller firms worth some 120 million francs through investments in existing funds. It will also undertake direct investments of 70 million francs.
Swiss-Based With Global Approach
The firms that hope to get access to the money need to have financing demands of 5 to 15 million francs. They also have to be based in Switzerland and generate a significant portion of their creation of value in the country and pursue an international strategy.
