Fides is developing a software solution designed to give companies a holistic overview of their legal obligations. The startupFounded in 2021 by Lisa Gradow, Phillippa Peters, and Vincent Bobinsky, the company focuses primarily on processes such as voting or annual financial statements, where it is particularly critical to avoid errors. To this end, the Fides platform structures responsibilities, reminds employees of tasks, collects data, and records decisions chronologically. The startup thus helps companies better fulfill the governance component of ESG criteria.
“Lawyers have not questioned the status quo in companies, but have simply accepted that Word, PDF, Excel, email and their own memory are the necessary tools,”
explains co-founder Lisa Gradow The lawyer has already founded the Munich startup Usercentrics helped to build it and is already as a business angel appeared.
Numerous well-known business angels invest in Fides
After successfully participating in Arc, Sequoia's first European accelerator program, this summer, the startup is now raising seed funding. The €4.4 million raised comes from La Famiglia as lead investor, as well as early-stage VC Angel Invest and the female-focused fund Auxxo Female Catalyst.
Several angel investors also participated in the round. Among them are Cristina Stenbeck, majority shareholder of the Swedish investment firm Kinnevik and chair of the Zalando Supervisory Board, and Christa Davies, CFO of the insurance broker Aon. Also on board were Russ Heddleston, founder of the US startup Docsend; Marlon Braumann, partner at Peter Thiel's investment arm Elevat3; and Katharina Jünger, founder of Teleclinic, invested. The money will be used to further expand the platform, with a particular focus on an AI tool for automating tasks.
