Tenity Invests in 7 Cutting-edge Startups Selected for the Spring 2023 Incubation Program in Switzerland

Tenity announces 7 early-stage startups from 5 countries to be accepted for the 10th edition of its highly competitive incubation program running out of Zurich, Switzerland. The selected startups receive an initial CHF 50k investment from the Tenity Incubation Fund I.

The latest edition of the Tenity Incubation Program in Switzerland has kicked-off this week, welcoming a cohort of seven highly promising international startups selected from a pool of almost 300 applications. Over the course of the next four months, these ambitious entrepreneurs will receive support to refine and validate their business idea and go-to-market strategies. As part of the program, they get access to guidance and support from Tenity’s alumni, seasoned mentors, and extensive investor network. The program will culminate in a highly anticipated Demo Day event in June 22th, 2023.

The new cohort includes 7 European pre-seed startups from 5 countries, 2 from Switzerland.

Marc Hauser, Head of Europe and Managing Partner at Tenity commented:
”We couldn’t be more thrilled to welcome the 10th Incubation Batch in Zurich. The selection process was highly competitive, and we extend our congratulations to all the teams who made it. With such a diverse range of use cases, we are confident that this batch will bring valuable perspectives and enrich the Tenity ecosystem. Our team is eagerly anticipating the opportunity to collaborate with these talented founders and be a part of their journey.”

Maximilian Spelmeyer, CIO of Tenity added:
“From our broad European deal-flow, we had the chance to select outstanding founders and unique ideas. We are more than thrilled and grateful to back our founders the first time with capital from our Tenity Incubation Fund I. We are looking forward to support the founders with insights, network and additional funding in subsequent rounds.”

Introducing the 7 startups of Switzerland Incubation Batch X:

DemaTrading.ai | Netherlands
Dematrading.ai enables crypto exchanges and asset managers to offer managed index funds to their customers with a plug and play infrastructure solution, increasing safety, profitability and ease of use.

Drivata | France
Drivata is a platform that uses data generated by drivers to promote eco-driving, responsible consumption, support organizations corporate social responsibility policy, and help develop sustainable cities.

Frienton | Germany
Frienton provides a digital SaaS solution and new tech-stack for “all-in-one finance” for entrepreneurs and founders.

Fume | Switzerland
Fume is an on-chain fund management tool to automate the administration through smart contracts, providing selective transparency (ZKP), Proof-of-Reserves, and removing intermediaries while not limiting on-chain funds to only digital assets.

Jrny | United Kingdom
Jrny is addressing the growing housing crisis in the U.K., which is preventing many young adults from getting on the property ladder, with our Accelerated Ownership plan (rent-to-own with shared upside), aligning incentives between customer and capital.

Luumeos | United Kingdom
Luumeos provides rapid human-in-the-loop quantamental AI insights from across an organisation’s own talent network to better forecast market performance.

SmartPurse | Switzerland
SmartPurse is your money mate, equipping you with the power to take control of your financial future. As a pioneering platform in web and app, they democratize financial education and planning.

Applications are now open for Incubation Batch XI in Switzerland and Batch VI in Singapore. Don’t miss these opportunities!