Tenity invests in 11 early-stage startups selected for its Swiss Incubation Program

11 early-stage startups from 7 countries have been selected for the upcoming Tenity Incubation Program starting on August 28th, 2023, in Switzerland. The selected startups receive an initial CHF50k investment from the Tenity Incubation Fund II. In addition, 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. 

Selected startups include:

Elysium | Lugano 
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.

IPBEX | Lugano
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.

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

Blockaware | Romania 
Blockaware is a single dashboard for any SMB that wants to hold crypto assets, offering on-ramping and off-ramping, easily managing an institutionally-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. 

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 in crypto & 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. 

MC2 Finance | Austria 
MC2 Finance is a non-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.  

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."

Maximilian Derpa, CIO of 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.”

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.

(Press release / SK)