The Hottest Startups in Zurich in 2024

Home to fine cheese, breathtaking scenery and footballing politics, Switzerland’s largest city is also a financial juggernaut. The central square of Paradeplatz is its beating heart, where the Swiss banking system pumps venture capital funding into a thriving tech ecosystem; around CHF 872 million was poured into Zurich startups alone in 2023. “Nobody trains as an accountant to spend hours matching receipts to company card transactions.” Twenty million expense reports and invoices later, Yokoy’s 700 global clients include Breitling, Austria Airlines, and On Running—the Swiss sportswear brand has slashed its costs by almost 79 percent since automating its spend management process, says Sahli. “We’re driven by a shared vision to address water contamination and ‘forever chemicals,’” says Mushtaq, whose inspiration stems from encountering water scarcity during her upbringing in India. “We wanted to create a neutral space—a ‘Switzerland of data’,” explains Decentriq founder Maximilian Groth, who launched the startup alongside Stefan Deml in 2019.