Crowdfunded VC investment platform investiere.ch has landed CHF3.5m ($3.6m) in a Series B round of funding. The investment was led by Swiss bank Zürcher Kantonalbank, which claims the round is the largest raised by a fintech company in Switzerland so far this year.
The bank will become a “significant minority shareholder in the firm” as a result of the deal. Other shareholders and angel investors also participated in the round.
Investiere.ch’s platform allows investors to back pre-selected startups alongside other angel and individual backers.
“We decided to invest in investiere.ch based on the team and technology behind the platform,” said Zürcher Kantonalbank CEO Martin Scholl in a statement.
“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 claims it has helped invest CHF17m ($17.6m) in startups across more than 40 rounds of funding to date.
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