EPFL Lausanne, Switzerland-based Polytech Ventures and San Francisco, California-based Ecosystem Ventures have merged to launch a new venture capital firm which aims to support Swiss and European tech startups by creating a bridge to Silicon Valley.
With offices in Lausanne, Switzerland and San Francisco, USA, Polytech Ecosystem Ventures announced the first closing of Polytech Venture Investments SCSp, a $40m venture capital fund headquartered in Luxembourg, aimed at seed-stage startups in Switzerland, Europe and USA.
The fund, which was raised from Swiss based institutional and international private investors, invests in startups involved in the digitalization of industries, with a focus on FinTech, InsurTech, Digital Health, and RetailTech.
Led by Alex Fries, Guillaume Dubray and Laurent Bischof, the firm has already invested in 5 startups, as follows:
– Beekeeper (CH),
– Saphetor (CH),
– Inpher (CH /USA),
– BlueFox (French/American with EMEA sales office in Switzerland) and
– Weft (USA).