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Foundation for Technological Innovation (FIT)

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 303
Average round size
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The average size of a deal this fund participated in
$200K
Portfolio companies 249
Rounds per year 10.45
Lead investments 196
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.18
Exits 16
Key employees Soon
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Health Care
  • Information Technology
  • Software
  • Biotechnology
  • Medical Device
Summary

In 1995 was created Foundation for Technological Innovation (FIT), which is appeared as Corporate Investor. The fund was located in Europe if to be more exact in Switzerland. The main department of described Corporate Investor is located in the Lausanne.

Comparing to the other companies, this Foundation for Technological Innovation (FIT) performs on 20 percentage points less the average number of lead investments. Considering the real fund results, this Corporate Investor is 79 percentage points more often commits exit comparing to other organizations. The high activity for fund was in 2018. The common things for fund are deals in the range of 100 thousands - 1 million dollars. The increased amount of exits for fund were in 2019. The fund is constantly included in 7-12 deals per year.

The fund has no exact preference in a number of founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Among the most successful fund investment fields, there are Electronics, Manufacturing. Among the most popular portfolio startups of the fund, we may highlight Nexthink, Kandou Bus, SOPHiA GENETICS. For fund there is a match between the location of its establishment and the land of its numerous investments - Switzerland. Besides, a startup needs to be aged 2-3 years to get the investment from the fund.

The standard case for the fund is to invest in rounds with 1-2 partakers. Despite the Foundation for Technological Innovation (FIT), startups are often financed by investiere | Verve Capital Partners, Polytech Ventures, EASME - EU Executive Agency for SMEs. The meaningful sponsors for the fund in investment in the same round are Venture Kick, EASME - EU Executive Agency for SMEs. In the next rounds fund is usually obtained by Swisscom Ventures, VI Partners AG, MassChallenge.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Maven Health

Analytics
Artificial Intelligence
$383K09 Jan 2024 Lausanne, Vaud, Switzerland

Algorized

$720K01 Nov 2023 Geneve, Vaud, Switzerland

ClearSky

Artificial Intelligence
Information Services
Information Technology
$152K15 Sep 2023 Geneve, Vaud, Switzerland

PeriVision

Artificial Intelligence
Medical
Software
Virtual Reality
24 Jul 2023 Bern, Bern, Switzerland

Voltiris

Renewable Energy
Semiconductor
$1M21 Dec 2022 Lausanne, Vaud, Switzerland

Flybotix

Industrial Automation
$1M15 Apr 2021 Lausanne, Vaud, Switzerland

Alogo Analysis

Analytics
Information Technology
Sports
$545K16 Jun 2020 Hautemorges, Vaud, Switzerland

RatioX

Cycling
Mechanical Design
Sporting Goods
Sports
$109K01 Dec 2019 Lausanne, Vaud, Switzerland

Lumendo

Health Care
Medical Device
Productivity Tools
Wellness
$109K03 Oct 2019 Vaud, Switzerland

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Total investments 303
Average round size 200K
Rounds per year 10.45
Peak activity year 2020
Lead investments 196
Follow on index 0.18
Exits 16
Group Appearance index 0.03

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Maven Health

Analytics
Artificial Intelligence
$383K09 Jan 2024 Lausanne, Vaud, Switzerland

Algorized

$720K01 Nov 2023 Geneve, Vaud, Switzerland

ClearSky

Artificial Intelligence
Information Services
Information Technology
$152K15 Sep 2023 Geneve, Vaud, Switzerland

PeriVision

Artificial Intelligence
Medical
Software
Virtual Reality
24 Jul 2023 Bern, Bern, Switzerland

Voltiris

Renewable Energy
Semiconductor
$1M21 Dec 2022 Lausanne, Vaud, Switzerland

Flybotix

Industrial Automation
$1M15 Apr 2021 Lausanne, Vaud, Switzerland

Alogo Analysis

Analytics
Information Technology
Sports
$545K16 Jun 2020 Hautemorges, Vaud, Switzerland

RatioX

Cycling
Mechanical Design
Sporting Goods
Sports
$109K01 Dec 2019 Lausanne, Vaud, Switzerland

Lumendo

Health Care
Medical Device
Productivity Tools
Wellness
$109K03 Oct 2019 Vaud, Switzerland
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