© 2023 Alain Herzog EPFL startups had a successful fundraising year in 2022 despite the economic headwinds. In a sign of investor confidence, 28 early stage founding (CHF 1-5 million each) for a record total of CHF 73 million went to EPFL startups. Global uncertainties last year dampened investor appetite for venture capital. According to Crunchbase, a business information provider, global venture funding for tech firms was down 35% last year, and an EY report puts the decline in Europe at 18%. Only France and Switzerland held up well. Venture funding in our country reached CHF 4 billion in 2022, against CHF 3 billion in 2021, thanks in part to a CHF 600 million fundraising round completed by Zurich-based Climeworks. EPFL startups made a strong showing, bringing in CHF 457 million in 2022; this is in keeping with the upwards trend seen over the past five years, even after factoring out the exceptional year in 2021 when three EPFL startups went public and raised a combined CHF 367 million.
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