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Unicorn startups in Switzerland (Jun, 2025)

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A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. Switzerland has more than 41.4K+ startups. Of these, 12 have become Unicorns, with the latest entrant to the club being Sygnum on Jan 14, 2025. In 2025, Switzerland has seen 1 new unicorn startup (as of 16 June).
Globally, Switzerland is number 15 in terms of total Unicorns created, behind Sweden (12 unicorns) at rank 14 and Netherlands (14 unicorns) at rank 13. Zurich leads the list of cities in Switzerland with most unicorns at 4. It is followed by Lausanne (2 unicorns) and Baar (1 unicorn). Among sectors, Enterprise Applications has seen the most unicorns created at 6, followed by High Tech at 5, and FinTech at 4
Here is a list of all 12 unicorns created in Switzerland:

12. Sygnum

Sygnum joined the Unicorn Club on Jan 14, 2025 after raising a $58M Series C funding round led by Fulgur Ventures.
Screenshot of the website of Sygnum
Banking solutions for digital assets. It provides multiple solutions for digital assets such as custody, brokerage, tokenization, asset management, lending, B2B Banking, and more. It also offers venture capital funds for digital asset companies.

Key facts about Sygnum

  • Founded Year: 2017
  • Location: Zurich (Switzerland)
  • Stage: Series C
  • Primary Sector: Cryptocurrencies
  • Time to Unicorn: 8 years
  • Top investors : Singtel Innov8, SBI Group
  • Valuation: $1B as on Jan 15, 2025
  • Total Funding till date: $218M
  • Latest Funding Round: Series C, Jan 14, 2025, $58M

11. Sonar

Sonar joined the Unicorn Club on Apr 26, 2022 after raising a $412M Series D funding round led by Advent International, General Catalyst, valuing it at $4.7B.
Screenshot of the website of Sonar
Cloud based code review platform. It offers solutions to help prevent code quality and security issues from reaching production. It optimizes developers productivity using AI assistants and streamlined workflows. The platform analyzes the code to identify issues in real time. It supports different programming languages, frameworks, and infrastructure technologies. The features of the product include multi-language support, data flow analysis, and more.

Key facts about Sonar

10. beqom

beqom joined the Unicorn Club on Apr 12, 2022 after raising a $300M Series D funding round led by Sumeru Equity Partners.
Screenshot of the website of beqom
Cloud-based employee compensation management software for enterprises. The product features include salary and bonus management, long-term incentives, commissions, non-cash rewards, etc. It can be linked with the sales performance of employees. It also offers solutions for quota and territory management and performance evaluation. It offers services to sectors such as automotive, telecommunication, finance, information technology, etc.

Key facts about beqom

Climeworks joined the Unicorn Club on Apr 05, 2022 after raising a $650M Series E funding round led by Partners Group, GIC, valuing it at $1.08B.
Screenshot of the website of Climeworks
Technology solution for carbon removal. It is a carbon removal company that utilizes direct air capture technology to permanently remove carbon dioxide from the atmosphere, offering a scalable solution to fight climate change.

Key facts about Climeworks

  • Founded Year: 2009
  • Location: Zurich (Switzerland)
  • Stage: Series E
  • Primary Sector: Air Pollution Management Tech
  • Time to Unicorn: 13 years 3 months
  • Top investors : GIC, Baillie Gifford
  • Valuation: $1.08B as on Apr 06, 2022
  • Total Funding till date: $762M
  • Latest Funding Round: Series E, Apr 05, 2022, $650M
Scandit joined the Unicorn Club on Feb 09, 2022 after raising a $150M Series D funding round led by Warburg Pincus, valuing it at $1B.
Screenshot of the website of Scandit
Provider of SDK for smart data capture from barcodes, files, IDs, etc. Its mobile app allows retailers to scan the product barcode and pay using smartphones. It also has other features like customer engagement, order management, marketing tools, and more. It also offers a cloud-based enterprise mobility and data capture platform that is built on proprietary computer vision, AR, and machine learning technologies. It provides barcode scanning APIs and SDKs for use in multiple sectors including retail, manufacturing, logistics, healthcare, and more.

Key facts about Scandit

Acronis joined the Unicorn Club on May 04, 2021 after raising a $250M Series C funding round led by CVC, valuing it at $2.5B.
Screenshot of the website of Acronis
Cloud based platform offering enterprise management solutions. It provides disaster recovery, backup and restore, partitioning, boot management, privacy, data migration, and other storage management products for enterprises, corporations, and consumers of any qualification. It provides cyber protection solutions for service providers such as managed server backup, anti malware protection, MSP patch management, hosting service, data loss prevention, and more.

Key facts about Acronis

Nexthink joined the Unicorn Club on Feb 08, 2021 after raising a $180M Series D funding round led by Permira, valuing it at $1.1B.
Screenshot of the website of Nexthink
Cloud based digital employee experience platform. It monitors the IT infrastructure and reports performance issues, failures, crashes, and security threats. It develops software solutions to manage standard and virtual desktop infrastructures and controls IT budgets. It also captures local and network activities in real time at endpoints and transforms end user data into actionable analytics. It provides real time analytics and visualization solutions and also provides help desk, server monitoring, MTTR reduction, breach, and compliance management.

Key facts about Nexthink

  • Founded Year: 2004
  • Location: Lausanne (Switzerland)
  • Stage: Series D
  • Primary Sector: IT Operations
  • Time to Unicorn: 17 years 1 month
  • Top investors : Bryant Stibel, Permira
  • Valuation: $1.1B as on Feb 08, 2021
  • Total Funding till date: $336M
  • Employee Count: 146 as on Dec 31, 2021
  • Latest Funding Round: Series D, Feb 08, 2021, $180M
Self-Custody joined the Unicorn Club on Aug 22, 2019 after raising a $40M Series B funding round.
Screenshot of the website of Self-Custody
Provider of self-custody solutions for securing Bitcoin assets in offline storage. It promotes true ownership of Bitcoin through offline storage, providing the way to secure assets disconnected from the internet.

Key facts about Self-Custody

Sportradar joined the Unicorn Club on Jul 09, 2018 after raising a Undisclosed Series B funding round led by TCV, CPP Investments.
Screenshot of the website of Sportradar
Developer of AI and subscription-based data solutions for multiple sports applications. It provides users with a company that collects and analyzes sports data for various clients, including bookmakers, sports federations, and media companies. It also offers integrity services to detect betting-related match fixing, partnering with federations and law enforcement agencies.

Key facts about Sportradar

  • Founded Year: 2001
  • Location: St Gallen (Switzerland)
  • Stage: Public
  • Primary Sector: Sports Tech and Data as a Service
  • Time to Unicorn: 17 years 6 months
  • Top investors : CPP Investments, TCV
  • Annual Revenue: €878M as on Dec 31, 2023
  • Total Funding till date: $98M
  • Employee Count: 4,383 as on Dec 31, 2023
  • Latest Funding Round: Series B, Jul 09, 2018
Avaloq joined the Unicorn Club on Jun 15, 2017 after raising a $301M PE funding round led by Warburg Pincus, valuing it at $991M.
Screenshot of the website of Avaloq
Cloud-based solutions for financial institutions. Its products include automated core banking, automated portfolio monitoring and regulatory tasks, investment intelligence and improved proposal acceptance, conversational banking, omnichannel customer engagement, multiple features from payments to security trading, AI-based investment ideas with wealth management landscape integrations, an ecosystem for onboarding third-party products and service providers, and more.

Key facts about Avaloq

MindMaze joined the Unicorn Club on Feb 17, 2016 after raising a $100M Series A funding round led by Hinduja Group.
Screenshot of the website of MindMaze
Developer of digital neurotherapeutics for brain health recovery. It offers evidence-based therapies and assessments using medical-grade software, interactive content, and proprietary peripherals. These therapies aim to restore motor, cognitive, and cardiovascular function after neural injuries and degeneration. The company also provides digital assessments for quantifying motor and cognitive recovery. A key offering is a teleneurorehabilitation program allowing patients to access therapy from home. Additionally, it develops immersive digital therapies for neurorehabilitation.

Key facts about MindMaze

Alevo joined the Unicorn Club on Oct 29, 2014
Screenshot of the website of Alevo
Provider of grid scale energy storage solution. They claim it is comprised of lithium ion cells and are combined together to create large battery banks which can be positioned anywhere across the grid.

Key facts about Alevo

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