DemoSquare Raises CHF 1.2M in Pre-Seed Funding
DemoSquare, a Zurich, Switzerland-based startup that leverages AI to help companies anticipate and manage political and regulatory changes, has raised CHF 1.2 million in a pre-seed funding round.
The round was led by Zurich-based QBIT Capital and co-invested by High-Tech Gründerfonds (HTGF).
QBIT Capital is a venture capital firm dedicated to supporting Swiss startups. The firm collaborates with Active Investors and partners with industry experts like Speedinvest Pirates and TiCapital. It focuses exclusively on Swiss companies, leveraging a global network to benefit its portfolio.
High-Tech Gründerfonds (HTGF) finances tech startups with growth potential, having supported over 750 startups since 2005. Managing approximately €1.4 billion across four seed funds, HTGF focuses on high-tech startups in digital tech, industrial tech, life sciences, and chemistry.
The company will use the funding to accelerate its expansion into European markets.
Founded in 2023 by Dr. Victor Kristof and Dr. Jérémie Rappaz, DemoSquare is an EPFL spinoff, has developed an AI-powered platform to help companies anticipate and manage regulatory challenges efficiently and cost-effectively. Its AI-powered SaaS platform assists companies in navigating regulatory complexities and staying ahead of legislation. The platform is based on their PhD research in machine learning and AI. The startup counts multinational companies and major public institutions among its initial customers in Switzerland.
Funding Details
Company: DemoSquare SA
Raised: CHF 1.2M
Round: Pre-Seed
Funding Month: August 2024
Lead Investors: QBIT Capital, High-Tech Gründerfonds
Additional Investors:
Company Website: https://demosquare.ch/
Software Category: Public Affairs Management