Zurich-based fintech company Everon, which specializes in digital wealth management, has closed its seed funding round of approximately CHF 2.5 million.

The main investor in the round was TX Ventures, the VC investment arm of the Swiss media company TX Group. There were significant investments from the venture capital firm QBIT Capital and the family office Swiss 5 Group. Another private investor in this round was Dr. Wolfgang Wienand, CEO of Siegfried Holding AG.

The funding round enables Everon to continue working on its vision of opening personal and sophisticated wealth management services, which were previously reserved exclusively for high-net-worth clients . Specifically, Everon will use the funds to expand its existing activities in Switzerland, such as in Private Markets, broaden its technological offering and expand its range of services and strategies.

Florian Rümmelein

Florian Rümmelein, Co-Founder and CEO of Everon:

“We are very delighted that experienced investors and business angels such as TX Ventures, Swiss 5 Group, QBIT Capital and Wolfgang Wienand entrust us with their capital during a challenging market environment. The financing round helps us to grow our Swiss business and extend the product offering and functionalities. We see two increasing trends, which affirm our mission to democratize private banking: the need for personal advice and individual investment solutions as well as the strong need for the scalable, disruptive technologies required.”

Krzysztof Bialkowski

Krzysztof Bialkowski, Managing Partner at TX Ventures:

“The wealth industry is undergoing a paradigm shift as customers are demanding a wider array of investment options with access to alternative asset classes and a seamless and personalized service experience. Mass affluent clients, who are not well served by traditional banks, are not offered access to private banking. We believe that Everon is very well positioned to fill the gap and serve wealth management needs of mass affluent clientele with its digital private banking solutions.”

Featured image credit: Everon management team from left to right: Jonas Bächinger, Lilais Funk, Brice Zanetti und Florian Rümmelein