The Switzerland-based SECO Startup Fund (SSF), a long-standing initiative aimed at supporting entrepreneurship in developing regions, is entering a new chapter. Now co-managed by Seedstars, the fund is preparing to deploy CHF 5 million (approximately US$6.3 million) into high-potential startups across emerging economies, including Africa, Asia, Latin America, and Eastern Europe.
Established in 1997, the SSF is backed by the Swiss State Secretariat for Economic Affairs (SECO). With this relaunch, the fund is adopting a refreshed strategy and a new management structure. Alongside Seedstars, impact investment advisory firm iGravity will also play a key role in overseeing the fund’s operations. This strategic shift is designed to enhance the fund’s ability to support entrepreneurs tackling pressing challenges in countries that are part of Switzerland’s international development cooperation.
Seedstars Capital, the investment arm of Seedstars, brings deep expertise in emerging and frontier markets. The firm specializes in supporting early-stage fund managers and investing in technology-driven businesses that are often overlooked by traditional financial institutions. Together with iGravity, Seedstars will help SSF identify and support startups that deliver measurable social and economic impact.
A distinctive feature of the SSF is its emphasis on fostering strong ties between supported companies and Switzerland. Eligible startups must demonstrate meaningful connections to the Swiss ecosystem—whether through shareholders, suppliers, or strategic partnerships—ensuring alignment with SECO’s broader cooperation and development goals.
Christian Brändli, Head of Private Sector Development at SECO, emphasized the importance of the fund’s relaunch:
SECO is proud to relaunch the SECO Startup Fund at a time when innovative businesses in our partner countries need it most. We believe in the power of catalytic capital to drive inclusive growth, and this vehicle helps Swiss partnerships play a meaningful role in that story.
Unlike traditional equity investors that seek rapid exits, the SSF offers patient capital in the form of tailored debt financing. Loans typically range from 2 to 5 years and are structured to align with the cash flow realities of startups operating in challenging environments. This approach provides much-needed flexibility for early-stage and growth-stage companies that have viable business models but limited access to conventional financing.
While the fund is sector-agnostic, it prioritizes investments in businesses that promote decent work, expand access to essential goods and services, and build climate-resilient capabilities. These thematic priorities reflect Switzerland’s dual commitment to sustainable development and economic collaboration.
