DemoSquare, a Swiss startup spun off from EPFL, has successfully raised CHF 1.2 million (approximately €1.28 million) in a pre-seed funding round. This investment, led by Zurich-based QBIT Capital and co-invested by High-Tech Gründerfonds (HTGF), aims to enhance DemoSquare’s AI-driven platform designed to help companies anticipate and navigate political and regulatory changes.
DemoSquare was founded in 2023 by Dr. Victor Kristof and Dr. Jérémie Rappaz. The company’s AI-powered SaaS platform is built on extensive research in machine learning and artificial intelligence, conducted during their PhD studies. This platform enables businesses to efficiently manage regulatory risks, ensuring they stay ahead of legislative developments.
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Strategic Use of Funds
The new capital will be utilized to accelerate DemoSquare’s expansion into European markets and major EU institutions. Co-founder and CEO Victor Kristof expressed his enthusiasm: “We are thrilled to announce this funding round just one year after launching DemoSquare. The support from our investors validates our team’s efforts and ambitions.”
Addressing Industry Challenges
Regulatory risks can significantly disrupt business operations, as evidenced by challenges faced by companies like Uber, Airbnb, and Nvidia. DemoSquare’s platform offers a solution by providing comprehensive insights and management tools to tackle these challenges efficiently. The startup’s innovative approach has already attracted multinational companies and major public institutions in Switzerland as its initial clients.
Endorsements from Investors
Georges Khneysser, founder of QBIT Capital, praised the founders: “Victor and Jérémie are visionary entrepreneurs poised to redefine industry standards. Their groundbreaking use of AI and machine learning addresses significant industry challenges, and we are excited to support their journey.”
Daniela Bach, principal at HTGF, emphasized the importance of DemoSquare’s mission: “Data and AI can bring more transparency and predictability to law-making processes, which is crucial in today’s dense regulatory environment. We are excited to back Victor and Jérémie, who have the perfect academic and tech background for building this company.”
About the Investors
QBIT Capital: A Zurich-based VC firm focused on supporting Swiss startups, collaborating with active investors, and partnering with industry experts to benefit its portfolio.
High-Tech Gründerfonds (HTGF): A German VC firm financing tech startups with high growth potential. HTGF has supported over 750 startups since 2005, managing approximately €1.4 billion across four seed funds, and facilitating around €6 billion in follow-on financing.
With this substantial investment, DemoSquare is well-positioned to expand its innovative AI solutions, driving growth and efficiency in managing regulatory risks for businesses across Europe.
