A risk adverse Q1 for Swiss venture capital

The Swiss market has proved to be conservative, turning its back on early-stage investment, according to news and research firm, Swiss Venture Update. It recorded 11 venture capital deals in the first quarter of 2002, raising CHF129m of which only two were seed capital investments. The rate of investment remained consistent with the levels of last year, in which 12 deals were completed a quarter worth just over CHF100m