GGM backs Swiss watchmaker Slyde

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watch-timeLuxembourg-based investment firm GGM Capital has provided CHF700,000 ($0.8m) to Swiss watchmaker Slyde via its High Growth IT Fund.

The company will use the funds to accelerate its commercial development as well as to fund future models.

Slyde Holding chairman Alain Nicod said, “During the last couple of years, we have been successful in developing a quality product with proven market traction and positioning ourselves in this now sought-after segment.

“With such commitment, which goes beyond a simple equity investment, we will be able to consolidate our market position and take the company to the next level.”

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