How Much Did Swiss Time Raise?
Funding & Key Investors

Swiss Time, a former purveyor of modern and vintage timepieces based in Portland, Maine, secured $55K in total investment. The company's most recent financing round, a Debt facility totaling $55K, was finalized on January 29, 2021, providing substantial expansion capital during what was indicated as a significant Series B/C stage for the business.

What is Swiss Time?

Swiss Time
RetailJewelry & Watch RetailConsumer Services

Established in 1977, Swiss Time operated as a family-owned business specializing in the sale and expert servicing of mechanical and quartz watches and clocks. The company was recognized in Northern New England for its curated selection of quality timepieces and its in-house repair services, performed by certified watchmakers and technicians. Despite its local popularity and history, Swiss Time permanently ceased operations on December 23, 2022.

How much funding has Swiss Time raised?

Swiss Time has raised a total of $55K across 1 funding round:

2021

Debt

$55K

Debt (2021): $55K with participation from PPP

Key Investors in Swiss Time

PPP

Public-Private Partnership

What's next for Swiss Time?

The cessation of operations for Swiss Time marks the end of its business trajectory. While the company previously sought significant capital, indicated by its Series B/C stage context and substantial expansion financing, its closure signifies that future strategic initiatives and growth plans will not be pursued under its original operational structure. The legacy of Swiss Time remains as a historical entity in the horology retail and service sector of Northern New England.

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Frequently Asked Questions Regarding Swiss Time Financial Insights

What are the most recent funding rounds that Swiss Time has completed, and what were the funding rounds?
Swiss Time has recently completed 1 funding rounds: Debt on Jan 29, 2021.
What is the total amount of funding Swiss Time has raised to date?
Swiss Time has raised a total of $55K in funding to date.
How many funding rounds has Swiss Time completed?
Swiss Time has completed 1 funding rounds.
How much funding did Swiss Time raise in its most recent funding round?
Swiss Time raised $55K in its most recent funding round.
Who are the lead investors in Swiss Time's latest funding round?
The lead investor in Swiss Time's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Swiss Time's history?
The largest funding round in Swiss Time's history was $55K.
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