The Swiss independent luxury watch company HYT SA (HYT) and sister company Preciflex SA (Preciflex) had successfully raised CHF23 million for the launch of a new suite of Swiss made products that are expected to be available on the market within 36 months. Investors included the founders and existing shareholders, together with Peter Brabeck-Letmathe and the strategic anchor investor, a Swiss-based private asset management company that will also join the Board of HYT S.A. This Series C Financing will enable HYT to launch a new proprietary and powerful movement allowing case size reduction in addition to the introduction of multiple fluidic indications.