© 2020 EPFL/ Alain Herzog - EPFL startups raised CHF 293 million in 2020 - the highest they've achieved so far. Four of the young firms, including Kandou and Sophia Genetics, brought in over CHF 20 million each. The pipeline of new businesses also looks solid, as 25 new EPFL spin-offs were launched last year. The pandemic-related uncertainty doesn't seem to have dampened investor appetite or the determination of fresh entrepreneurs. EPFL startups had an excellent year in 2020 when it came to fundraising - they attracted a record CHF 293 million, and four of them raised over CHF 20 million each. What's more, 21 startups completed their first fundraising round with proceeds of CHF 1-5 million. Also in 2020, 25 new EPFL spin-offs were created, which is close to the previous year's figure.
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