Swiss investment platform Tenity opened a hub in Tallinn for early-stage startups

Swiss investment platform Tenity opened a Nordics and Baltics hub with office in Tallinn to offer fintech European and UK-based to participate in the incubation program and receive investment. The head of the Nordics and Baltics hub is Anders Norlin.

Tenity invests in fintech, insurtech, regtech, deep tech, web3, sustainable finance, legal tech, or crypto finance startups with solutions or use cases for the finance or insurance sector. The four-month Nordic & Baltic program has an extra focus on impact, sustainability, and climate fintech solutions. The incubation fund will provide with €50K in exchange for a 2,5 % equity stake in the startup and a program participation fee of €10K. In addition, technology companies can receive follow-on investments of approximately €250K. The startups teams should consist of not less than two founders and have MVP or a prototype. During the program they get access to Tenity's platform's network of over 200 mentors and experts in Europe and Asia. 

In August 2023, Tenity started the second edition of the incubation program in the Nordics region. Among seven selected startups were teams from Finland, Germany, the UK, Norway, and the Netherlands. The third edition will start in March 2024 and runs through June 2024.

Founded in 2015 in Zurich, Tenity is an investment platform that backs fintech startups and also offers innovation services to large companies. It runs incubation programs in Zurich, Madrid, Singapore, and Tallinn. Tenity has grown out of the Swiss stock exchange SIX. Among the fund's major investors is Zurich-based financial services provider UBS. Over 250 alumni finished incubation programs of Tenity and received more than $370M of combined funding.