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Country comparison

Switzerland vs Finland: startup funding compared

Since 4 June 2025, startups in Switzerland raised $3.3B across 128 rounds, 1.5 times Finland's $2.1B.

SwitzerlandvsFinland
$3.3BCapital raised$2.1B
128Rounds64
$7.5MMedian round$4.5M
0.5%Share of all capital0.3%
61%Early-stage rounds69%

Capital raised running total by month

$3.3B$1.6B Switzerland, end of Jun 25: $131MSwitzerland, end of Jul: $590MSwitzerland, end of Aug: $649MSwitzerland, end of Sept: $827MSwitzerland, end of Oct: $966MSwitzerland, end of Nov: $1.4BSwitzerland, end of Dec: $1.5BSwitzerland, end of Jan 26: $1.9BSwitzerland, end of Feb: $2BSwitzerland, end of Mar: $2.3BSwitzerland, end of Apr: $2.4BSwitzerland, end of May: $2.6BSwitzerland, end of Jul: $2.6BSwitzerland, end of Aug: $3BSwitzerland, end of Sept: $3.1BSwitzerland, end of Oct: $3.3BSwitzerland, end of Nov: $3.3BFinland, end of Jun 25: $58.2MFinland, end of Jul: $89.8MFinland, end of Aug: $92.7MFinland, end of Sept: $477MFinland, end of Oct: $1.4BFinland, end of Nov: $1.5BFinland, end of Dec: $1.7BFinland, end of Jan 26: $1.7BFinland, end of Feb: $1.7BFinland, end of Mar: $1.8BFinland, end of Apr: $1.8BFinland, end of May: $1.9BFinland, end of Jul: $1.9BFinland, end of Aug: $1.9BFinland, end of Sept: $2.1BFinland, end of Oct: $2.1BFinland, end of Nov: $2.1B Jun 25SeptDecMarJulOct
SwitzerlandFinland
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Where the money goes share of capital by sector

Switzerland

  • AI33%$1.1B
  • Health33%$1.1B
  • Climate & Energy11%$358M
  • Robotics & Hardware9%$288M
  • Other5%$162M
  • Fintech3%$105M

Finland

  • Health43%$914M
  • Robotics & Hardware23%$496M
  • AI21%$449M
  • Other4%$78M
  • Climate & Energy3%$55.6M
  • Cybersecurity3%$54.5M

Biggest rounds

Switzerland

  1. Oviva $234M 1
  2. Kandou AI $225M 2
  3. Gravis Robotics $200M 3

Finland

  1. Oura $900M 1
  2. IQM Quantum Computers $300M 2
  3. Verda $189M 3

Stage mix share of rounds

SwitzerlandFinland
41%Pre-Seed and Seed56%
20%Series A13%
7%Series B5%
6%Series C and later3%
26%Other or undisclosed23%

Most active investors rounds joined

InvestorSwitzerlandFinland
Founderful14·
Lifeline Ventures·14
Venture Kick10·
Zürcher Kantonalbank9·
High-Tech Gründerfonds7·
Tesi·7
Antler15
Kickfund6·
Business Finland·4
byFounders13
Creandum4·
Redstone22

Startup hubs rounds and capital by city

Switzerland

  • Zurich56$885M
  • Basel11$689M
  • Lausanne12$437M
  • Saint-Sulpice1$225M
  • Zug6$174M
  • Yverdon-les-Bains1$105M

Finland

  • Oulu2$902M
  • Helsinki33$561M
  • Espoo9$559M
  • Tampere2$18.7M
  • Kouvola1$11.7M
  • Kuopio1$2.9M

Latest rounds

Questions

Which country raised more startup funding, Switzerland or Finland?

Switzerland. Since 4 June 2025, startups in Switzerland raised $3.3B across 128 rounds, against $2.1B across 64 rounds in Finland, 1.5 times more. That is 0.5% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in Switzerland and Finland?

128 rounds in Switzerland and 64 rounds in Finland since 4 June 2025, about 8 and 4 a month.

Are startup rounds bigger in Switzerland or Finland?

The median round is $7.5M in Switzerland and $4.5M in Finland, and the average round $25.7M and $33.5M. The median shows the typical round; the average is pulled up by a few very large ones.

What is the biggest startup round in Switzerland?

The biggest startup rounds in Switzerland since 4 June 2025 are Oviva ($234M, Series D, 22 Jan 2026), Kandou AI ($225M, Series A, 23 Mar 2026) and Gravis Robotics ($200M, Series A, 17 Aug 2026).

What is the biggest startup round in Finland?

The biggest startup rounds in Finland since 4 June 2025 are Oura ($900M, Series E, 14 Oct 2025), IQM Quantum Computers ($300M, Series B, 3 Sept 2025) and Verda ($189M, Series B, 22 Sept 2026).

Which sectors attract the most startup funding in Switzerland and Finland?

In Switzerland, AI ($1.1B, 33% of the capital), Health ($1.1B, 33%) and Climate & Energy ($358M, 11%) lead. In Finland, Health ($914M, 43% of the capital), Robotics & Hardware ($496M, 23%) and AI ($449M, 21%) lead.

Is Switzerland or Finland better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 61% of rounds in Switzerland and 69% in Finland. Switzerland recorded 53 Pre-Seed or Seed rounds and Finland 36 Pre-Seed or Seed rounds, with a median of $4.3M and $3.1M.

How much growth funding (Series B and later) goes to Switzerland and Finland?

Startups in Switzerland raised $1.3B in 17 Series B or later rounds, 40% of the country's capital. In Finland, $1.6B in 5 rounds, 74% of the capital.

Who are the most active startup investors in Switzerland?

Founderful (14 rounds, 11 led), Venture Kick (10 rounds, 1 led) and Zürcher Kantonalbank (9 rounds) are the most active investors in Switzerland.

Who are the most active startup investors in Finland?

Lifeline Ventures (14 rounds, 9 led), Tesi (7 rounds, 1 led) and Antler (5 rounds, 2 led) are the most active investors in Finland.

Which investors back startups in both Switzerland and Finland?

13 investors joined rounds in both countries. The most active: Antler (1 in Switzerland, 5 in Finland), Redstone (2 in Switzerland, 2 in Finland), byFounders (1 in Switzerland, 3 in Finland), b2venture (2 in Switzerland, 1 in Finland) and 10x Founders (2 in Switzerland, 1 in Finland).

Which cities lead startup funding in Switzerland and Finland?

Zurich leads Switzerland with $885M across 56 rounds, ahead of Basel ($689M). Oulu leads Finland with $902M across 2 rounds, ahead of Helsinki ($561M).

Which month brought the most startup funding?

In Switzerland, July 2025 ($459M). In Finland, October 2025 ($900M).

How much did startups in Switzerland and Finland raise in the last 90 days?

In the 90 days to 6 Nov 2026, startups in Switzerland raised $677M across 21 rounds and in Finland $244M across 9 rounds.

Where does this data come from?

FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.

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