Nordics Pre-Seed Incubator Batch 3
March to June 2024
Tallinn
Come build your venture with Tenity, the leading incubator dedicated to exceptional founders creating the future of finance. If you are passionate and motivated entrepreneur, who has the drive and ambition to make your startup a success, we at Tenity will help you get there faster!
We are looking for founders across all areas of Fintech and Insurtech, but also for Deeptech with a solution or use case for the financial industry. Furthermore, in the Nordic & Baltic program, we have an extra focus on impact, sustainability and climate fintech solutions, where we add on special breakout sessions for these startups, capturing the unique position the Nordic & Baltic region possess within sustainability.
We invest EUR 50K in the startups selected for the program, in exchange for an equity stake of 2.5% and program participation fee of EUR 10K. In addition, we may invest in your subsequent financing rounds according to the Tenity Deal.
The decision on the follow-on investment is separate from the initial investment and will be evaluated case-by-case. If applicable, we might invest in your following financing round approx. EUR 250K.
Deadline: November 24, 2023
You are a Fintech, Insurtech, or a RegTech, DeepTech, Web3, Sustainable Finance, LegalTech, or Crypto Finance startup with a solution or use case for the finance or insurance sector.
You are re-revenue, are in ideation stage, have a prototype or MVP. You do not need to be incorporated before the start of the program.
Building a startup is hard and we believe that no person can do it by themselves. While you may apply as a solo-founder, you would need to find a cofounder before the program starts, as we do accept teams and not solo founders.
FinterAI makes banks 80%better at stopping crime, on their own terms. We enable collaboration on data -without sharing data. One institution said it well: It's clearly the future of fighting crime.
In climate crises, farmers face losses, and insurers struggle. Our solution: AI, ML, and satellites deliver precise field data, enabling efficient risk coverage.
Sweephy is a no-code platform that automates clean-up and analysis of transaction data with pre-trained and fine-tuned contextual AI models.
TRC offers City-as-a-Service (CaaS) for emerging cities, streamlining urban management with smart, scalable tech solutions.
KuraTech helps liquidators to liquidate bankrupt entities faster and more effectively than ever before.
Ziv4 provides people to easily integrate to the financial markets with asset tracking, algo trading or news trading.
Lawato is a Legal Practice Work OS, the next-level tool for managing and growing law firms efficiently.
Sector: You are FinTech, InsurTech, RegTech,LegalTech startup or adjacent with use cases for financial industry
Geography: Early-stage investing is local. We are looking for companies from:
CH: DACH, Europe and UK
NOR: Europe and UK
SNG: Singapore and southeast Asia
Team: At least 2 co-founding members (working minimum 80% on the startup) and ideally complementary, who have worked together before.
Maturity: Pre-revenue. You are in ideation stage, have a prototype or MVP .You do not need to be incorporated before the start of the program.
Fundraising: You are pre-seed and plan to raise a funding round within the next 6 to 12 months at a valuation anywhere between CHF2M and, but not more than, CHF4M.
We have a standard deal for all companies joining one of our flagship incubation programs
We invest CHF 50’000 /SGD 70’000 in the startups selected for the program, in exchange for a small equity stake of 2,5% and a program participation fee of CHF 10’000 / SGD 15’000.
The program participation fee is due after receiving the above investment.
In addition, we may invest in a following round.
No, you don’t have to be incorporated. But you have to incorporate by the first masterclass.
We don’t accept solo founders, but teams who have minimum 2 cofounders 100% committed on the startup.
The time commitment for the program is 4 weeks in total (1 week per month, for the duration of each masterclass week). At least 2 co-founders must be present during that time.
All co-founders must have astake in the company and represented on the cap table.
We are looking for Fintech, Insurtech, or RegTech, DeepTech, Web3, Sustainable Finance, LegalTech, CryptoFinance startups or startups with a solution or a use case for the finance or insurance sector. So even if you don't strictly fall into the Fintech category, if any of the above applies to you, we are happy to see your application!
