The raised funds will allow F10 to grow its current hubs in Europe and Asia and expand into new geographies. F10 corporate partners will have early access to startups selected across all global programs. They will also be able to benefit from the growing global network of partners, startups, and investors, as well as increased dealflow and collaboration support.
Andreas Iten, CEO and co-founder, F10, commented:
Source LinkedIn
Securing this round of funding is the next step in our growth journey to drive innovation in the financial industry globally. We could not be more excited about the current and new investors supporting F10 in achieving this, including expanding our reach geographically, and creating a seed-fund to invest into startups in our ecosystem to drive their growth. I’d also like to thank SIX, one of our founding partners, for the support they have provided to F10 and I’m looking forward to continuing the close collaboration.
F10 will take over the team of SIX Fintech Ventures. The team will continue to provide investment advice for SIX’s CHF 50 million corporate venture capital fund. In addition, F10 will provide early-stage capital to promising firms. The first such F10 Incubation fund is now in the process of being raised. The firm will build a Global Investor Network, which is a structured Investor Relationship Management program for venture investors of all stages to directly invest in F10 startups.
Daniel Schmucki, CFO SIX and initiator of SIX Fintech Ventures, added:
SIX has supported the F10 mission right from the start. We are committed to F10 in growing their international community of startups, incumbents, and investors and driving technology and digital transformation forward.
