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