Four Estonian startups will join the Swiss incubation program Tenity
Four Tallinn-based startups will join the incubation program in Nordics & Baltics, organized by Swiss investment platform Tenity. Each of the four selected startups will receive €50K in exchange for a 2,5 % equity stake, and also a program participation fee of €10K. In addition, they will have an opportunity to receive follow-on investments of approximately €250K.
Selected startups include:
Lyfery, founded in 2022 by Mihkel Mandre, Madis Tapupere, and Indrek Holst, is a platform that offers users a package of life insurance and wellness services to motivate them to make healthier choices.
Sweephy, founded in 2022 by Abdullah Alka Kandilli, is a no-code data management platform that automates clean-up and analysis of transaction data using machine learning, deep learning, and data science techniques. According to the company, its goal is to organize data sets and improve their quality.
Ziv4, founded in 2021 by Ahmet Yasin Acar and Ömer Faruk Yildirim, is a financial cryptocurrency application, that allows users to track their assets, manage (buy and sell) crypto on all exchange accounts from a unified interface, and have access to algorithmic bots that will automatically trade for them.
Lawato, founded in 2021 by Roman Ivanushkin and Paul Opmann, develops cloud-based software for law companies. The startup’s solution allows users to customize billing rates, link timesheets directly to clients for seamless invoicing, and instantly generate and send PDF invoices.
The four-month program, which will take place in Tallinn, will include workshops and events on product-market fit, marketing, and fundraising. Participants will also have access to Tenity's platform network of over 200 mentors and experts in Europe and Asia. The program will culminate in a demo day on May 20, 2024.
The Nordics & Baltics program focuses on impact, sustainability, and climate fintech solutions. The program’s head of operations is Uve Poom, and the head of the Nordics and Baltics hub is Anders Norlin.
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.
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.
