The Tenity Incubation Fund II will invest in fintech & insurtech companies at angel, pre-seed and seed stage, emerging from the Tenity Flagship Incubation programs across its hubs in Europe and Asia. The fund targets to be the first institutional investor in a startup, supplying the team with funding, hands-on support and network throughout the four-month Tenity incubation program to accelerate business growth on a larger scale. The sweet spot are founders, who are at idea stage or product development but pre-market and have not raised yet or only a small family round.
For its LPs, the fund will deliver both strategic and financial return on investment. Tenity will build a supersized portfolio and broad market coverage of several hundred companies, covering all subsegments of fintech and insurtech. It poses a unique opportunity for investors to participate in early-stage innovations with high potential impact for the financial industry.
The Tenity startup programs have supported more than 250 startups to date, with alumni raising significant funding from stellar investors, such as Yokoy’s USD80M Series B from Sequoia, Keyrock’s USD72M Series B led by Ripple, Stableton’s CHF15M Series A led by TX Ventures, CoverGo’s USD15M Series A led by SemperVirens VC, or Oper’s EUR11M Series A led by ABN Amro Ventures.
Maximilian Derpa, Chief Investment Officer at Tenity, elaborates "We support founders over several months throughout the incubation program and use our experience to give them the tools and connections to succeed. With continued commitment from our partners, this year we enhance the Tenity offering through investment, on top of providing access to network and business expertise, introductions to corporate partners, a selection of mentors and our investor network. Combined, these factors provide a fertile ground for companies to perfect their product, master go-to-market strategy, and increase their chance of future success.”
With investments from leading global wealth manager UBS, the financial infrastructure SIX, wealth manager Julius Baer, and insurer Generali Switzerland, the fund is set to create tangible impact for innovation in the financial industry, and looking at a second closing in Q4 2023.
The Tenity Incubation Fund brings together a multidisciplinary team of investment and venture-building experts with a common vision to create the future of finance. Led by CIO Maximilian Derpa, the Tenity investment team looks to build a portfolio of around 300 companies across Switzerland, Western Europe and Asia-Pacific. The team brings vast experience in the financial sector, and currently holds the advisory mandate for SIX Fintech Ventures, the CVC of SIX Group, with portfolio companies like Yokoy, Keyrock or Doconomy, Tenity Investment AG and the Tenity Global Asset balance sheet portfolio.