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Tenity invests in 10 innovative startups selected for the Spring 2023 Incubation Program in Singapore

March 16, 2023

Tenity announces 10 early-stage startups from 3 countries, 8 incorporated in Singapore, to be accepted for the 5th edition of its highly competitive incubation program running out of Singapore. The selected startups receive an initial SGD 70k investment from the Tenity Incubation Fund I.

The newest edition of the Tenity Incubation Program in Singapore started this week, receiving a cohort of ten exceptional startups who were selected from nearly 250 applications. These talented entrepreneurs will receive extensive support over the next four months to refine and validate their business ideas and go-to-market strategies. As participants in the program, they will benefit from guidance and support provided by Tenity's distinguished alumni, seasoned mentors, and expansive investor network. The program will finalize with a Demo Day event on June 22, 2023.

The new cohort includes 10 pre-seed startups from 3 different countries, 8 incorporated in Singapore.  

Jonas Thürig, Head of Asia and Managing Partner at Tenity commented:

"Tenity's Incubation Program is more than just an investment - it's a community that provides extensive support to innovative startups. We are thrilled to welcome our Spring 2023 cohort of 10 exceptional startups, and we look forward to seeing their ideas flourish under our guidance. Congratulations to all the selected startups, and we can't wait to see what they will achieve!"

Maximilian Spelmeyer, CIO of Tenity added:

"We had the opportunity to choose exceptional founders and unique ideas from our diverse range of Asian deal-flow. We are excited and appreciative to back these promising founders with capital from our Tenity Incubation Fund I."

Meet the 10 startups of Singapore Incubation Batch V:

3PM Inc | Seoul

3PM provides the backbone of entertainment membership as a solution based on blockchain NFT technology​.

ChainsAltas | Singapore

ChainsAtlas is a Multi-Chain InterOperability Network for running scalable applications across different blockchain implementations.

Ezzayo | Singapore

Ezzayo uses intelligent agent-based system modelling to stress test and validate digital assets.

GoNsave | Singapore

GoNsave is a financial super app for the gig economy - The power of personalised data in the hands of workers, platforms and businesses.

Kaiju Labs | Singapore

Kaiju Labs is developing a stable coin-centric web3 payment infrastructure for the Open Metaverse and Web3 games, enabling the metaverse economy for gamers, developers, streamers, content creators, and influencers.

Kiri Pay | Singapore

Kiri Pay helps retail businesses accept cryptocurrency payments without the risks involved.

MAX | Singapore

MAX is your AI personal finance butler that empowers you to think less about your finance while getting the most out of your finance with confidence.

Niti AI | Karnataka

Niti AI is a Fintech infrastructure startup delivering embeddable and personalized CX to increase savings, investments, and card spend.

TradeTogether | Singapore

TradeTogether is a Web3 Digital Asset Management firm. They help you easily find the pocket fund strategy that fits your needs and generate passive yields between 8% to 16% on their crypto funds.

Applications are now open for Incubation Batch VI in Singapore and Batch XI in Switzerland. Don’t miss these opportunities!