Kapitalradar

Swiss capital increases, classified with evidence from the official gazette.

Every Swiss AG that raises share capital publishes the change in the Swiss Official Gazette of Commerce (SHAB). Kapitalradar reads those entries, rebuilds each company's capital history and scores which increases look like a financing round. It serves the result as a dated record you can rewind: the round is often in the gazette before the press release (spike: median 10.5 days earlier, 13 of 16 matched rounds).

Live: kapitalradar.vercel.app. Updated automatically twice a month.

Evaluation

Release v3 (r6, parser v4 with the reserves and conversion rules, data as of 6 Oct 2026), evaluated 7 Oct 2026. Generated from eval/results/release-eval.json; earlier releases are archived in eval/v1/ and eval/v2/.

System	Precision (n)	Recall on 30 announced rounds
Rules + Claude	10–100 % estimate, 95 % interval 2–100 % (n=17)	16/30
Rules only	7–97 % estimate, 95 % interval 1–99 % (n=29)	18/30

Recall ceiling is 20/30: nine announced rounds have no capital increase in the gazette within the pre-registered window, and one match stays uncertain. Each release is measured on a fresh sample of companies nobody had inspected. Labels follow one standard: "verified" needs independent evidence that outside investors funded the step (the register alone can't verify itself), "refuted" needs positive evidence of an internal explanation. Under that standard 26 of 30 v3 items are unverifiable (3 verified, 1 refuted), so the precision bounds stay wide: most capital increases are never announced.

How it is measured: methodology · pre-registration in eval/preregistration/ · decisions in docs/decision-log.md.

How it works

See ARCHITECTURE.md and the point-in-time release ADR. In short: the SHAB REST API feeds an immutable publication store, a parser with privacy-first clause classification extracts capital steps, rules and claude-opus-5-5 (run headless on a subscription, name-redacted input, cached by input hash) score each increase, and a gated release build writes one dated, immutable release that the app reads as of any date.

Runbook

Automated: .github/workflows/daily.yml runs npm run daily on the 1st and 15th of each month at 09:15 UTC, to stay on Neon's free plan (the name is older than the schedule): ingest the gazette days since the last run, fetch history for new companies, classify new candidates (Claude subscription via CLAUDE_CODE_OAUTH_TOKEN), crawl new startupticker.ch financing news for confirmations (cached between runs), build a release that goes live only if every gate passes (including an eval of the same system), and prune old releases (current + two earlier ones are kept). A failed run emails the repo owner and leaves the live release untouched. Secrets: DATABASE_URL, CLAUDE_CODE_OAUTH_TOKEN. A new eval is needed only when the parser, rules, model, prompt or thresholds change; the gate refuses to publish otherwise.

Manual (backfill, first setup, or debugging):

Prerequisites: Node 24 and .env.local with DATABASE_URL (Neon owner role for the scripts; the website uses a read-only role).

npm ci

npm run ingest -- --start 2025-08-01

npm run history -- --run <run-key>

npm run classify -- backfill

npm run build-release -- --release r1 --dry-run

npm run eval -- run --release r1

npm run build-release -- --release r1

Rollback re-points to an earlier ready release:

npm run build-release -- --rollback r0

Checks: npm run typecheck, npm test, npm run build, and against a running server npm run leak-check -- --base http://localhost:3000. CI never calls a model or the SHAB.

Data sources and terms

• Swiss Official Gazette of Commerce (SOGC/SHAB), Official Gazettes Portal, SECO (amtsblattportal.ch). Its terms of use (§3.1–3.3) allow personal and commercial use of the data, with source attribution, no impression of an official publication, and compliance with Swiss data protection law.
• Zefix, Federal Office of Justice (zefix.admin.ch): OGD "Open use. Must provide the source."
• startupticker.ch: the recall cohort lists company names, announcement dates and links only. Confirmed rounds are matched automatically against its financing news: the article must link the company by its exact legal name, name it in the title, and fall within −120/+180 days of exactly one capital increase (otherwise it is a possible confirmation). Only round news counts; grants, prizes, loans, listings and acquisitions without new money are excluded. The site shows the article date and link; no article text is copied.

This is not an official publication. The authoritative data are those on the Official Gazettes Portal that bear the SECO electronic signature or stamp.

Data and privacy

No natural-person data is committed: fixtures are scrubbed and checked against a private name list (npm run preregister -- check). Gazette excerpts are shown in the original language with person names removed, and every entry links to its SHAB publication. The dataset export (data card) is built but not published.

Not an official publication.