AUDAVIS Secures Over €1.1M to Boost AI Financial Audits

Deal News | Jan 15, 2025 | High-Tech Gruenderfonds Manage

AUDAVIS, a Munich-based startup, has successfully raised over 1.1 million euros in seed funding, led by High-Tech Gründerfonds (HTGF). The funding is intended to enhance and expand its flagship product, the 'Artificial Auditor,' an AI-driven solution designed to increase the efficiency and reliability of financial audits. This innovative technology provides AI-based audits for financial transactions and data quality to large corporations, marking a significant advancement in the field of financial transaction audits. The investment aims to expand AUDAVIS's market reach and further develop its AI capabilities, ensuring a robust and reliable audit process. The involvement of HTGF, a renowned seed investor, underscores the potential seen in AUDAVIS's innovative offering, bolstering the startup's capacity to revolutionize financial auditing with AI.

Sectors

Financial Technology (FinTech)
Artificial Intelligence

Geography

Germany – AUDAVIS is based in Munich, Germany, and the seed funding event took place here, making Germany relevant to the article.

Industry

Financial Technology (FinTech) – The article focuses on a startup, AUDAVIS, that provides AI-driven solutions for financial audits, categorizing it under the FinTech industry, which encompasses firms using technology for financial services.
Artificial Intelligence – AUDAVIS develops the 'Artificial Auditor,' indicating its strong ties to the AI industry that leverages intelligent systems to enhance business efficiency.

Financials

€1.1 million – Seed funding raised by AUDAVIS to enhance and expand its AI auditing solutions.

Participants

Name	Role	Type	Description
AUDAVIS	Target company	Company	A Munich-based startup developing AI-driven financial auditing solutions.
High-Tech Gründerfonds	Investor	Company	A seed investor leading the funding round for AUDAVIS, supporting early-stage startups.