heyData, a Berlin, Germany-based compliance software-as-a-service company that empowers SMBs to become (GDPR) compliant fast, digital, and reliable, raised €3.3 million in seed funding.
Ten VC led the round, with participation from existing investors Patrice Deckert and Stefan Tietze and experienced investors Martin Ostermayer and Dirk Freise and Picea Capital, among others, also participating in the round.
The fund will be used to expand the company’s product line and enter new markets. In addition, the 34-person team that now surrounds the founders, Milo Djurdjevi, Martin Bastius, and Daniel Deutsch, will be expanded.
heyData's SaaS product benefits enterprises by reducing compliance challenges such as data protection. Customers include a diverse spectrum of medium-sized businesses and a slew of startups, including Everdrop, Vytal, Numa, and Hive Logistics.
Company: heyData GmbH
Raised: €3.3M
Round: Seed Round
Funding Month: September 2022
Lead Investors: Ten VC
Additional Investors: Patrice Deckert, Stefan Tietze, Martin Ostermayer, Dirk Freise, and Picea Capital
Company Website: https://www.heydata.eu/
Software Category: GDPR Compliance Software
About the Company: heyData is a data protection and compliance company founded in 2020 by Daniel Deutsch, Milo Djurdjevi, and Martin Bastius. Its digital platform functions as a document vault for all legal and other data privacy papers, training certificates, and the like. Furthermore, heyData provides digital training to help your staff become more aware of data privacy legislation and the ramifications that affect their day-to-day business operations. The digital platform initially enables integration with the customer's technical infrastructure, followed by steps to train and sensitize staff, automatically generate and centrally store essential papers, and digitally finalize necessary employee agreements. heyData is based in Berlin, Germany.
Source: https://techfundingnews.com/berlin-based-compliance-startup-heydata-secures-e3-3m-as-it-scales-to-new-markets/