EPFL startups raise more than CHF 285 million in 2019

2019 was the second-best year ever in terms of fundraising by EPFL startups, which attracted CHF 285.8 million in new investment. In addition, the 23 young companies officially created last year confirm that EPFL's entrepreneurial ecosystem is flourishing. 2019 was a great year for EPFL startups, which raised a total of CHF 285.8 million, the second-highest full-year figure ever. That new investment went into 33 young companies, including three that raised more than CHF 20 million. In addition, with 23 new spin-offs created in 2019, EPFL's ecosystem of innovation and entrepreneurship is in excellent shape; the only previous year to yield a higher figure was 2016, when 25 new companies were founded. Funds raised by EPFL startups since 2010 10 spin-offs raised more than CHF 10 million each 2014 was the first year in which total annual fundraising by EPFL startups broke through the CHF 200 million barrier. Since then, they have stepped on the gas, raising more than CHF 200 million in four of the last six years, with peaks of more than CHF 390 million in 2016 and over CHF 280 million in 2019.