DemoSquare funding news – Lausanne-based DemoSquare Secures €1.2 Million in Pre-Seed Funding
Aug 6, 2024 | By Team SR
DemoSquare secures €1.2 million in pre-seed funding from Swiss and German investors, with Zurich-based QBIT Capital leading the round. This investment will fuel their expansion into the European markets, supported by co-investor High-Tech Gründerfonds (HTGF), one of Europe's foremost early-stage investors.
SUMMARY
- DemoSquare secures €1.2 million in pre-seed funding from Swiss and German investors, with Zurich-based QBIT Capital leading the round.
- DemoSquare offers an AI-powered SaaS platform designed to help companies navigate the complexities of regulations efficiently and stay ahead of legislation.
They are an EPFL spinoff specializing in developing AI technologies to help companies anticipate regulatory changes. As political uncertainties and regulatory trends continue to rise globally, it has become imperative for companies to monitor legislative changes meticulously. Failing to do so can expose businesses to critical risks. That's where DemoSquare comes in.
The machine learning algorithms they are developing then extract patterns and information from these data to make public-affairs teams more effective. For example, their monitoring pipeline tracks changes and sends email alerts when a regulation that’s important to a company moves forward. We’re also developing predictive models to estimate the chances of law proposals becoming actual legislation.
Their roots trace back to the PhD research in machine learning and artificial intelligence of their founders, Dr. Victor Kristof (CEO) and Dr. Jérémie Rappaz (CTO), at EPFL. They have developed innovative tools that empower companies to search through thousands of legislative procedures, receive alerts on regulatory developments, identify relevant political stakeholders, and even predict the adoption of new laws.
They are proud to count multinational companies and major public institutions among their first customers here in Switzerland. Their trust in their technology validates their mission and the effectiveness of our solutions. The €1.2 million pre-seed funding, led by QBIT Capital and supported by HTGF, will be instrumental in bringing our AI-powered platform to the broader European market.
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They are particularly excited to start with influential EU institutions, paving the way for even greater impact. Stay tuned as they embark on this journey to help more organizations across Europe anticipate and navigate the ever-evolving political and regulatory landscape.
About DemoSquare
DemoSquare offers an AI-powered SaaS platform designed to help companies navigate the complexities of regulations efficiently and stay ahead of legislation. They collect and aggregate political and regulatory data coming multiple sources, such as the Swiss parliament, federal courts, news media, and more.