Swiss startup DemoSquare that develops AI global political monitoring solution has secured €1.28 million (CHF 1.2 million) in a pre-seed funding round to expand into European markets.
- Founded in 2022 by Victor Kristof and Jérémie Rappaz, DemoSquare develops an AI-powered SaaS platform that aids companies in efficiently navigating regulations by collecting and analyzing political and regulatory data from various sources.
Details of the deal
- The pre-seed funding round was led by QBIT Capital, a Zurich-based venture capital firm that supports startups across Switzerland in pre-seed to seed rounds.
- The investment also saw participation from High-Tech Gründerfonds (HTGF). Existing investors Venture Kick, FIT (Foundation pour l'Innovation Technologique), EPFL, and a few business angels also joined the round.
"We invested in DemoSquare because data and AI can play a major role in bringing more transparency and predictability into law-making processes. This is key in a current dense regulatory environment for political stakeholders and corporates alike, and we are excited to back Victor and Jérémie, who have the perfect academic and tech background for building this company," Principal at HTGF, Daniela Bach, stated.
- The fresh capital will enable DemoSquare to introduce its AI-powered platform to the European market, with a focus on collaborating with influential EU institutions.
“The investment will now support us in reaching our next goal: To deploy our cutting-edge solution to public affairs teams in Europe," DemoSquare’s co-founder and CEO, Victor Kristof, commented.
