Certivity raises 1.4 million euros
The start-up wants to change the way companies deal with product regulations. Now investors are getting on board.
The Munich-based start-up Certivity has raised early-stage funding of 1.4 million euros. The financing round was led by Earlybird UNI-X and High-Tech Gründerfonds (HTGF). Business angels Peter Mertens and Bernhard Kirschbaum are also participating. The start-up intends to use the new capital to expand its team and further develop its technology.
Certivity has developed a software platform that is able to read and understand regulatory documents. The software is to be integrated into the development area and "connect the regulatory world with the technical world". This could make the management of regulatory tasks more cost-effective and efficient. Nico Wägerle, Bogdan Bereczki, Jörg Ulmer and Sami Vaaraniemi founded the start-up in 2021. Initially, the team wants to integrate its software in the automotive industry. After that, the software will also be available for other industries.
"We are very confident that the founding team is the right one to tackle this regulatory problem, which has become one of the biggest challenges for OEMs and their suppliers," says Kilian von Berlichingen, Investment Manager at HTGF.
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