1.5 million euros for Sawayo
The start-up wants to win over medium-sized customers with its compliance software. This has apparently worked with the investors.
In small and medium-sized enterprises (SMEs) in particular, compliance is often a topic that falls by the wayside alongside day-to-day tasks. At least that's what the three founders Benjamin Reif, Andreas Wieczorke and Bjarne Wilhelm believe, who want to fill precisely this gap with their start-up Sawayo.
They have now been able to inspire investors with their idea. Mittelständische Beteiligunggsgesellschaft MV (MBMV) and several angel investors have invested a total of 1.5 million euros in the start-up from Rostock in a seed round.
The start-up's software is designed to help SME owners with compliance issues. According to the company, this includes recording working hours, internal document management and monitoring deadlines, for example for subscriptions or contracts. The founders undoubtedly have big plans: "We want to create the European market leader for compliance management in SMEs," says CEO Benjamin Reif.
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