DemoSquare, a Switzerland-based company that originated from EPFL, has raised CHF 1.2M (€1.28M) in pre-seed funding from Swiss and German investors. The funding round, led by Zurich-based QBIT Capital with co-investment from High-Tech Gründerfonds (HTGF), will help DemoSquare expand its AI-driven solutions across European markets and key EU institutions. The company, founded in 2023 by Dr. Victor Kristof and Dr. Jérémie Rappaz, develops AI technologies aimed at helping businesses anticipate political and regulatory changes.
Past reports indicate that DemoSquare has consistently focused on leveraging machine learning and AI to provide innovative solutions for political and regulatory challenges. The company has seen a gradual yet promising rise in investor confidence, which is now reflected in their recent funding success. This development contrasts sharply with earlier stages when securing initial backing was more challenging, showing significant progress in the company’s journey.
The current funding will be instrumental in accelerating the deployment of DemoSquare’s solutions. Dr. Victor Kristof, co-founder and CEO of DemoSquare, expressed excitement over the investment, highlighting the validation it brings to their efforts and the importance of the support from impactful investors. These resources will enable them to target their next goal of deploying their solution to public-affairs teams in Europe.
Capital Utilisation
The newly acquired capital will facilitate DemoSquare’s strategic push into broader European markets. This expansion aims to embed their AI-powered tools within public-affairs teams, aiding in the efficient management of regulatory risks. According to Victor Kristof, this investment marks a significant milestone for the company, validating the team’s diligent work and their vision to streamline regulatory navigation for businesses.
“We are thrilled to announce the closing of this first funding round one year after launching DemoSquare, and we are honoured to count such impactful investors onboard. This is a gratifying validation of our team’s efforts and a testimony to our ambitions,” said Victor Kristof.
What does DemoSquare offer?
DemoSquare utilizes AI to monitor and analyze complex political and regulatory activities, providing a cost-effective and efficient solution for companies. The platform, which evolved from the founders’ PhD research in machine learning and AI, supports businesses in anticipating regulatory changes that could disrupt operations. Initial customers include multinational companies and major public institutions in Switzerland.
“Victor and Jérémie are visionary entrepreneurs poised to redefine industry standards,” stated Georges Khneysser, founder of QBIT Capital.
DemoSquare’s innovative platform addresses the growing need for regulatory foresight, crucial for companies facing potential disruptions from policy changes. The investment from QBIT Capital and HTGF echoes the industry’s need for transparency and predictability in law-making processes, areas where DemoSquare aims to make significant advancements.
The investors backing DemoSquare bring a wealth of experience and resources. QBIT Capital, a Zurich-based VC firm, focuses on Swiss startups, while HTGF supports high-tech startups with significant growth potential. Together, these investors provide DemoSquare with a robust foundation to scale its operations.
DemoSquare’s focus on AI and machine learning for regulatory and political analysis has positioned it as a promising player in the industry. Their platform offers a strategic advantage for companies aiming to stay ahead of legislative changes, an essential factor in today’s dynamic regulatory environment. With substantial financial backing, DemoSquare is well-placed to further develop its solutions and expand its market presence, contributing to more transparent and predictable regulatory processes.
