Switzerland now directs a larger proportion of its venture capital to deep tech than any other country on earth, ahead of China and the United States, according to the Swiss Deep Tech Report 2026 published today by Deep Tech Nation Switzerland, Founderful, Kickfund, Startupticker.ch, and Dealroom.co.
The report places Switzerland first globally on the share-of-VC metric at 63%, ahead of China at 56% and the United States at 54%. On investment intensity, Switzerland commits $1,470 per capita to deep tech, the highest in Europe and in the top three worldwide alongside Israel and the United States.
Swiss deep tech funding has grown roughly fivefold since 2015, reaching a record $2.6 billion in 2025. The report cites ETH Zurich and EPFL Lausanne as Europe's leading universities for new deep tech spinouts, with their most recent cohort only now reaching the seed-to-Series-A window — the stage at which company value and capital raised compound fastest.
AI and machine learning now account for one in four newly founded Swiss deep tech companies, up from roughly one in nine previously. Robotics density is growing faster still: Switzerland has created 3.5 times more venture-backed robotics startups per capita since 2020 than the United States, and five times more than the United Kingdom. In Future of Compute, 2026 is already a record funding year, with Switzerland holding seven times more patents per capita than the European average in microelectronics and high-precision sensors.
\"We built one of the world's most deep tech-focused economies without a franc of public venture capital. In Germany, France and the UK, much of the late-stage money is state-backed through Bpifrance, British Patient Capital or the German Future Fund. In Switzerland that barely exists, and yet the world's best investors now come here on their own initiative, with some setting up shop. No public money had to write the cheque to make this real,\" said Wanja Humanes, Partner at Kickfund and Swiss Deep Tech Report co-author.
Foreign capital already supplies 88% of Swiss deep tech funding at rounds of $100 million and above, against 75% across Europe. With the largest cohort of ETH and EPFL spinouts in the country's history now entering their growth stage, the report argues that late-stage capital remains structurally underweight relative to the quality of what is being built — a gap the authors describe as the clearest near-term opportunity for new investors.
The Alpine Tech Cluster, anchored in Switzerland, is named as one of only two European deep tech super clusters, housing more than 1,500 venture-backed startups. For enterprise buyers, the concentration of compute, AI hardware, and robotics capability in a single geography is increasingly relevant to procurement decisions around frontier infrastructure.
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