Swisscom has committed about $50m with the Digital Transformation Fund sourcing the rest from institutional investors.
Swisscom Ventures, the corporate venturing subsidiary of telecommunications firm Swisscom, has closed a SFr200m ($199m) fund that included an oversubscribed offering to third-party investors.
Swisscom has committed about $50m to the Digital Transformation Fund, with the rest committed by institutional investors. It will target early to later-stage companies, with half the dealflow expected to come from Switzerland and the rest from the US, Europe and Israel.
Swisscom Ventures has already invested about $100m in approximately 50 startups resulting in 20…