About
Built to fix a broken market
CivicBond began as a workplace conversation at a Swiss cantonal bank: why are municipalities — among the safest borrowers in the world — paying so much for capital? The answer was structural: no competition, no standardisation, and a tax rule that locked institutional money out. We built CivicBond to fix it.
Our Mission
To lower the cost of capital for Swiss public infrastructure — returning taxpayer money to the communities that need it, while opening a new institutional asset class to the investors who deserve access to it.
The Team
Swiss banking, regulation & engineering
Lara Mazzarelli
Co-Founder & CEO
David Madlener
Co-Founder & Head of Capital Markets
Gülce Koç
Co-Founder & COO
Nikola Trivić
Co-Founder & Head of Technology
Governance
CivicBond operates under a neutral ownership structure — no single bank or institution controls the rulebook.
The Rulebook
Open, public, version-controlled standards governing every auction.
The Governance Board
Independent representatives from municipalities, investors, and academia.
The Complementor Network
Vetted rating, legal, and custody partners — interchangeable, never captive.