1.5 million euros for Sawayo

Nils Wischmeyer Nils Wischmeyer | 26.02.2021

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 under the table alongside daily tasks. At least that's what the three founders Benjamin Reif, Andreas Wieczorke and Bjarne Wilhelm believe. With their start-up Sawayo, they want to fill exactly this gap.

Now they could also inspire investors with this idea. The Mittelständische Beteiligunggsgesellschaft MV (MBMV) and several angel investors have invested a total of 1.5 million euros in a seed round in the start-up from Rostock.

The start-up's software is designed to help SME owners with compliance-related issues. According to its own information, this includes working time recording, internal document management and deadline monitoring, for example of 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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