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Foundation for Technological Innovation (FIT)

Investor type Entrepreneurship Program

Overview

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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.
Total investments 251
Average round size
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The average size of a deal this fund participated in
$183K
Portfolio companies 211
Rounds per year 9.30
Lead investments 174
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.16
Exits 16
Key employees Soon
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Information Technology
  • Health Care
  • 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

Droople

Asset Management
Facility Management
Property Management
$545K08 Jun 2022 Puidoux, Vaud, Switzerland

Voltiris

Renewable Energy
Semiconductor
$109K17 May 2022 Lausanne, Vaud, Switzerland

WattAnyWhere

Industrial
Renewable Energy
Service Industry
$109K29 Mar 2022 Sion, Valais, Switzerland

Composite Recycling

Recycling
$109K08 Mar 2022 Ecublens, Vaud, Switzerland

Shematic

Electric Vehicle
Manufacturing
Mechanical Engineering
$109K23 Feb 2022 Geneva, Geneva, Switzerland

Limula Biotech

Biotechnology
Genetics
Manufacturing
Pharmaceutical
16 Feb 2022 Lausanne, Vaud, Switzerland

BetterMatch

Health Care
Professional Services
$21K15 Feb 2022 -

AgroSustain

AgTech
CleanTech
Organic Food
10 Feb 2022 Vaud, Switzerland

Vivent

Health Care
Medical
Medical Device
$545K31 Jan 2022 Vaud, Switzerland

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