The Swiss fintech closed a $12 million funding round, which it plans to use to fuel a Swiss and wider European growth effort.
Yova, a four-year-old sustainable investment platform based in Zurich, received over 11 million francs ($12 million) in funding, it said in a statement on Monday. A number of notable investors participated, including Carole Ackermann, CEO of Diamondscull, and Christoph Sutter, founder of Southpole and myclimate.
The Swiss Federal Technology Fund contributed 3 million francs to the most recent fundraising, which was triple the size of its last one in April of 2020. Yova's platform has doubled the number of clients on its platform in the first four months of this year, mostly by word-of-mouth, it said.
Assertive Hiring
CEO and co-founder Tillmann Lang said Yova will use the proceeds to expand in Switzerland as well as in the wider European market. The start-up aims to hire in the near term 20 full-time staff to its current headcount of 30 employees, it said.
The platform only makes investments in publicly listed companies in environmentally friendly or sustainable industries such as wind turbine manufacturers, Beyond Meat and Tesla. Its portfolio range comprises 30 to 40 shares in various industries, countries, currencies, and sizes.
