Tenity invests in 11 early-stage startups selected for its Fall 2023 Incubation Program in Switzerland

--> 11 early-stage startups from 7 countries (3 from Switzerland, 3 from Germany) have been selected for the upcoming Tenity Incubation Program starting on August 28th, 2023, in Switzerland

--> Selected startups receive an initial CHF50k investment from the Tenity Incubation Fund II

--> The fund will invest in up to 300 companies across its hubs in Europe and Asia 

The upcoming edition of the Tenity Incubation Program in Switzerland welcomes a cohort of 11 highly innovative early-stage startups selected from a pool of more than 220 applications. The selected entrepreneurs are building solutions in the areas of Web3, Crypto, Wealth Management, Payments and Investing, and more.

The startups will go through four months of rigorous program, including workshops and events on topics such as product-market fit, marketing, and fundraising. Additionally, they’ll receive 1:1 support from Tenity experts and mentors.

Marc Hauser, Head of Europe at Tenity commented: “Congratulations to the selected startups for making it into our Fall 2023 Incubation Program in Zurich. It's a significant achievement given the intense competition in the selection process. The quality of solutions and the potential for impact in the fintech and insurtech sectors is truly remarkable. The Tenity ecosystem is designed to accelerate their growth and enhance their market readiness."

The program provides access to guidance and support from Tenity's wide ecosystem, including 280+ alumni, 200+ mentors, and an extensive network of 170+ investors. The program will culminate in a Demo Day event on November 23rd, 2023.  

Maximilian Derpa, CIO at Tenity added: “Our upcoming batch shows huge promise, with the selected founders not only building on the latest technological advances, including AI, but also leveraging the strength of Switzerland as a a leading crypto nation. We look forward to seeing successful teams that collaborate with our corporate partners and raise substantial rounds.” 

Meet the 11 startups selected for the Tenity Incubation Batch 11

Blockaware | Romania

Blockaware is a single dashboard for any SMB that wants to hold cryptoassets, offering on-ramping and off-ramping, easily managing an institutional-grade secure wallet and compliance management.

Defiria | Germany

Defiria provides quantitative risk management services to investors in DeFi and crypto. Their customers receive the tools to augment their strategy to maximize their portfolio growth rate.

Elysium | Switzerland

Elysium is a Web3 self-custody Wallet for Digital Assets & Identity. Cutting-edge Onboarding Tech, improving security, simplicity, and use cases. Bridging the gap between financial institutions, blockchain, and everyday users.

fija | Germany

fija is the new way to earn interest on crypto. Their earn product makes earning with crypto compliant, easy and transparent. Compliant: Regulated security token. Easy: Integrated incrypto & finance apps. Transparent: All transactions visible on-chain.  

Fynce | Spain

Fynce is building a digital financial advisor for the mass affluent to manage their total wealth cheaply and intuitively.

IPBEX | Switzerland

IPBEX is a LegalTech company that helps inventors conduct precise prior-art searches through conversation and automatically draft robust patents, at a fraction of the time and cost.

MC2 Finance | Austria

MC2 Finance is anon-custodial cross-chain infrastructure for digital asset portfolio management, that allows users to build find and share strategies and uses blockchain technology to comply with traditional finance industry standards.

Napcat | Belgium

Napcat allows to auto-invest in trending cryptos with AI social media insights.

Swiset | Colombia

Swiset empowers trading communities and brokers with AI-driven analytics to boost retention and improve performance.

Sylbaa | Germany

Sylbaa’s software bridges between gold buyers and private sellers. By transferring the offline gold expertise to the web space, they increase revenue.

Truzt | Switzerland

Truzt is developing quality insurance for crypto assets held on centralized digital custody platforms.

Applications are now open for Incubation Batch 12 in Switzerland, Batch 3 in the Nordics and Batch 7 in Singapore.  Interested startups can apply today!

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