The financing round was led by Earlybird UNI-X and High-Tech Gründerfonds, as well as other industry-experienced business angels. With the fresh capital, Certivity plans to expand its team and further develop its software-as-a-service (SaaS) solution. The startup also plans to invest in deep tech development to simplify regulatory compliance throughout a product's lifecycle.
The Certivity regulatory tech solution can be deeply integrated into the development process to seamlessly connect the legal and regulatory world with the technical area. the startup enable smarter, safer, more transparent, more efficient, and more cost-effective management of regulatory requirements. The startup focuses on the automotive industry, but also aims to quickly make the software available to other industries. The timing is perfect, as regulatory challenges are increasing. New technologies such as automated and autonomous driving, electric and software-defined vehicles – combined with enormous investments in product compliance organizations – are driving the demand for such software in the industry.
Certivity will definitely be a must-have in the coming years
Natalia Ahmadian from the Earlybird UNI-X Investment Team explains:
"After identifying the pain point that Certivity addresses, it became clear to me that a solution like this would massively improve the development processes of various industries and that the integration of such software would definitely be a must in the coming years."
Kilian of Berlichingen, Investment Manager at HTGF, sees it very similarly:
"Certivity has developed incredibly powerful software that has already won over various players in the automotive industry. We are very confident that the founding team is the right fit to tackle this regulatory issue, which has become one of the biggest challenges for OEMs and their suppliers."
In addition to investors Earlybird and HTGF, Certivity has also won over several high-profile business angels. Among others, the company has brought on board industry veteran Peter Mertens, who served as a member of the board of management at Audi AG and in management positions at Daimler, Opel, GM, and Volvo. Bernhard Kirschbaum, owner and managing director of Kirschbaum Media, a specialist publisher for law, transport, and technology, is also convinced of Certivity's potential.
Nico Wägerle, Co-founder and CEO of Certivity, commented:
"As a team, we are incredibly proud that such a high-caliber group of renowned investors and business angels believes in us and the vision of Certivity. With this investment and the new setup, Certivity is taking the next step toward transforming the way companies work with regulations."
