Country comparison
Switzerland vs Italy: startup funding compared
Since 4 June 2025, startups in Switzerland raised $3.3B across 128 rounds, 1.8 times Italy's $1.8B.
Capital raised running total by month
Where the money goes share of capital by sector
Switzerland
Italy
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | Switzerland | Italy |
|---|---|---|
| CDP Venture Capital | 3 | 29 |
| Founderful | 14 | · |
| Vento | · | 11 |
| Venture Kick | 10 | · |
| Zürcher Kantonalbank | 9 | · |
| 360 Capital | · | 8 |
| United Ventures | · | 8 |
| High-Tech Gründerfonds | 7 | · |
| Italian Founders Fund | · | 6 |
| Kickfund | 6 | · |
| Vento Ventures | 1 | 5 |
| Club degli Investitori | · | 5 |
Startup hubs rounds and capital by city
Switzerland
Italy
Latest rounds
Questions
Which country raised more startup funding, Switzerland or Italy?
Switzerland. Since 4 June 2025, startups in Switzerland raised $3.3B across 128 rounds, against $1.8B across 117 rounds in Italy, 1.8 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 Italy?
128 rounds in Switzerland and 117 rounds in Italy since 4 June 2025, about 7 and 7 a month.
Are startup rounds bigger in Switzerland or Italy?
The median round is $7.5M in Switzerland and $3.8M in Italy, and the average round $25.7M and $15.3M. 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 Italy?
The biggest startup rounds in Italy since 4 June 2025 are Exein ($270M, 15 Sept 2026), Bending Spoons ($270M, Growth, 30 Oct 2025) and AAVantgarde Bio ($141M, Series B, 3 Nov 2025).
Which sectors attract the most startup funding in Switzerland and Italy?
In Switzerland, AI ($1.1B, 33% of the capital), Health ($1.1B, 33%) and Climate & Energy ($358M, 11%) lead. In Italy, AI ($544M, 30% of the capital), Enterprise software ($358M, 20%) and Health ($335M, 19%) lead.
Is Switzerland or Italy better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 61% of rounds in Switzerland and 57% in Italy. Switzerland recorded 53 Pre-Seed or Seed rounds and Italy 52 Pre-Seed or Seed rounds, with a median of $4.3M and $2.3M.
How much growth funding (Series B and later) goes to Switzerland and Italy?
Startups in Switzerland raised $1.3B in 17 Series B or later rounds, 40% of the country's capital. In Italy, $461M in 8 rounds, 26% 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 Italy?
CDP Venture Capital (29 rounds, 10 led), Vento (11 rounds) and United Ventures (8 rounds, 6 led) are the most active investors in Italy.
Which investors back startups in both Switzerland and Italy?
21 investors joined rounds in both countries. The most active: CDP Venture Capital (3 in Switzerland, 29 in Italy), Vento Ventures (1 in Switzerland, 5 in Italy), Creandum (4 in Switzerland, 1 in Italy), Neva SGR (3 in Switzerland, 1 in Italy) and Eurazeo (2 in Switzerland, 2 in Italy).
Which cities lead startup funding in Switzerland and Italy?
Zurich leads Switzerland with $885M across 56 rounds, ahead of Basel ($689M). Milan leads Italy with $976M across 53 rounds, ahead of Rome ($381M).
Which month brought the most startup funding?
In Switzerland, July 2025 ($459M). In Italy, October 2025 ($474M).
How much did startups in Switzerland and Italy raise in the last 90 days?
In the 90 days to 12 Nov 2026, startups in Switzerland raised $523M across 19 rounds and in Italy $391M across 12 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.