DemoSquare secures CHF 1.2 million for the expansion of its AI-based platform

DemoSquare has raised CHF 1.2 million in pre-seed funding to fuel its expansion into European markets, aiming to enhance its AI-based platform for monitoring political and regulatory activities.

DemoSquare, founded by Dr. Victor Kristof and Dr. Jérémie Rappaz as an EPFL spin-off, has secured CHF 1.2 million in pre-seed funding from Swiss and German investors. Zurich-based QBIT Capital and Germany’s High-Tech Gründerfonds (HTGF) led the financing round, which will be used to drive DemoSquare’s expansion into the European market, with a particular focus on EU institutions.

DemoSquare’s platform is designed to help companies navigate the complex political and regulatory landscape. With global political uncertainties on the rise, the need for efficient tools to monitor and analyze regulatory changes has never been more critical. DemoSquare’s AI-powered SaaS platform aggregates political and regulatory data from multiple sources, including the Swiss parliament, federal courts, and news media. Its machine learning algorithms then extract patterns and insights to help public affairs teams stay ahead of potential legislative impacts.

The platform is based on the founders’ doctoral research in machine learning and artificial intelligence at EPFL. Since its launch, DemoSquare has attracted multinational companies and large public institutions as its first customers in Switzerland. The CHF 1.2 million pre-seed funding will enable the company to extend its innovative solutions to public affairs teams across Europe, starting with the influential EU institutions in Brussels.

“We are thrilled to announce the closing of this first funding round one year after launching DemoSquare, and we are honored to count such impactful investors onboard,” said Victor Kristof, DemoSquare’s co-founder and CEO. “This is a gratifying validation for our team’s efforts and a testimony to our ambitions. The investment will now support us in reaching our next goal: to deploy our cutting-edge solution to public-affairs teams in Europe.”

Daniela Bach, principal at HTGF, highlighted the significance of DemoSquare’s mission: “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.”