Swisscom participating in the investment round
Swiss fintech startup and SFS member Advanon have recently closed their second financing round for CHF 13.5 million. Among the participating investors are SFS partner Swisscom, the two venture funds b-to-v Partners and VI Partners as well as Urs Wietlisbach (founder Partners Group). Advanon plans to strengthen its leading position in Switzerland and expand into the German market.
“We are very happy to have found a trustworthy and innovative Partner in Swisscom” said co-founder and CEO Phil Lojacono to Startupticker. “It is a great honor for us to earn Swisscom’s trust and we are convinced to make something groundbreaking together.”
Advanon was founded by three entrepreneurs who met while working at Google, with the mission to make short-term financing fast and easy, so businesses can grow at their full potential. Since our founding we have added additional experts to the team, either as employees or in our board, within the field of technology and finance.