Zug has established itself as a key location for cryptocurrency and blockchain companies. The Swiss canton is home to a high concentration of businesses focused on digital assets and financial technology.
Highly funded ventures define the landscape, including the smart contracts platform Tezos with $242M raised. Regulated crypto bank AMINA Bank AG also highlights the area's financial strength, having secured CHF230M.
Below is our list of 25 Zug startups worth keeping an eye on.
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Get the Sheet for $50M0 builds a universal platform for companies to create, issue, and manage their own stablecoins. Their infrastructure gives businesses the tools to launch these digital currencies on any blockchain.
| Year Founded | 2023 |
| Founders | Gregory Di Prisco, Luca Prosperi |
| Funding Amount | $97.5M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series B |
| Top Investors | Pantera Capital, Endeavor Catalyst, Airtree Ventures, Ribbit Capital, Hack VC |
Backed Finance brings real-world assets, such as stocks, onto the blockchain by issuing fully-backed tokens. This allows traditional securities to be integrated and traded within the decentralized finance space.
| Year Founded | 2021 |
| Founders | Adam Levi, Roberto Klein, Yehonatan Goldman |
| Funding Amount | $16.4M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Blockchain Founders Fund, Mindset Ventures, Gnosis, Exor Ventures, nonce Classic |
AMINA Bank AG operates a fully regulated bank that creates a bridge between digital and traditional assets. This allows clients to securely manage, trade, and store cryptocurrencies alongside their conventional financial holdings in one place.
| Year Founded | 2018 |
| Founders | Sébastien Mérillat |
| Funding Amount | CHF230M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Antalpha, FTX, Julius Baer Group, Valour, Black River Asset Management |
Centrifuge operates a protocol for tokenizing real-world assets, bringing items like invoices and royalties onchain. They enable businesses to use these newly tokenized assets to access liquidity from the decentralized finance ecosystem.
| Year Founded | 2017 |
| Founders | Lucas Vogelsang, Markus Ament, Martin Quensel, Philip Stehlik |
| Funding Amount | $30.8M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Venture Round |
| Top Investors | Coinbase Ventures, Borderless Capital, Crane Venture Partners, BlueYard Capital, Arrington Capital |
Tezos has built an open-source platform where users can create smart contracts for digital assets and applications. The blockchain's design includes a self-amending protocol, allowing it to upgrade over time without network disruptions.
| Year Founded | 2014 |
| Founders | Kathleen Breitman, Mike Monohan |
| Funding Amount | $242M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Venture Round |
| Top Investors | Tezos, Winklevoss Capital, Kosmos Ventures, Luigi Bajetti, Continue Capital |
SEALCOIN builds a platform that enables autonomous, real-time transactions between IoT devices. The technology is designed to power a machine-to-machine economy for applications in energy trading and data exchange.
| Year Founded | 2024 |
| Founders | Carlos Moreira |
| Funding Amount | $50M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Initial Coin Offering |
| Top Investors | The Hashgraph Association, GEM Digital |
Wire builds a secure collaboration platform that provides end-to-end encryption for messaging, calls, and file sharing. The technology is primarily used by enterprise and government organizations to protect sensitive communications and ensure data sovereignty.
| Year Founded | 2012 |
| Founders | Alan Duric, Jonathan Christensen, Priidu Zilmer |
| Funding Amount | $60.2M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | One Way Ventures, Cipio Partners, UVC Partners, Morpheus Ventures, Marbruck |
Validation Cloud builds a high-speed infrastructure platform that connects organizations to Web3. They offer staking, node APIs, and data streaming to help developers build and scale blockchain applications.
| Year Founded | 2022 |
| Founders | Alex Altman, Alex Nwaka, Andrew McFarlane, Michael Horowitz |
| Funding Amount | $20.8M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Blockchain Founders Fund, Bloccelerate VC, Blockwall, Side Door Ventures, GS Futures |
Nillion builds a decentralized network that provides a new way to process and store information securely. Their technology enables computation on private data without revealing the raw information to any party.
| Year Founded | 2021 |
| Founders | Lukas Bruell |
| Funding Amount | $50M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Chapter One, Hack VC, HashKey, GSR, SALT |
Bitcoin Suisse has built a crypto-finance platform that provides trading, prime brokerage, custody, and lending services. They serve a global client base of institutions and private individuals with a secure, all-in-one solution for managing digital assets.
| Year Founded | 2013 |
| Founders | Arthur Vayloyan, Niklas Nikolajsen |
| Funding Amount | CHF45M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | RockawayX, Ross Mason, Studer Family Office, Roger Studer |
15 Additional Zug Startups Worth Following
Those top ten companies offer just a glimpse of the activity happening across Zug. Many more founders are building in areas like fintech and crypto, and have raised over $380 million combined.
The group includes newer companies just getting started and more established names that continue to grow. Here is a look at the other startups helping to shape the local ecosystem.