Switzerland Shows Higher Seed-Stage Single-Round Share Than Spain
- Switzerland's seed single-round share is 55.4%, Spain's is 49.5%
- Spain's pre-seed single-round share is 52.5%, above Switzerland's 48.5%
- Overall single-round shares are close: 54.2% Spain, 53.6% Switzerland
Across the 1,888 startups Brouky tracks whose first tracked round was at least two years ago, Switzerland and Spain show distinct patterns in single-round funding shares at early stages. These figures may partly reflect expanding data coverage over time.
Switzerland's seed-stage startups have a 55.4% share of those that raised exactly one tracked round and never raised again, compared to 49.5% in Spain. The 55.4% single-round share at seed stage in Switzerland is the highest among the compared stages and countries.
SINGLE-ROUND SHARE BY COUNTRY AND STAGE (%)
Conversely, at the pre-seed stage, Spain's startups exhibit a higher single-round share of 52.5% compared to Switzerland's 48.5%. Spain's 52.5% single-round share at pre-seed stage indicates a relatively higher stall rate at this earliest stage.
When considering the overall single-round share regardless of stage, Spain and Switzerland are nearly aligned with 54.2% and 53.6% respectively. Overall, the nearly equal single-round shares of 54.2% in Spain and 53.6% in Switzerland mask stage-specific differences.
Related insights
- Cross-Country AnalysisSpain’s early-stage startups show a 2.7 percentage point higher single-round funding share than Sweden
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