Fides Technology GmbH
Making it easier for companies to comply with, digitally execute and track their legal obligations across different entities and boards in various jurisdictions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | $4.3m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 186 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Fides Technology GmbH, a Munich-based company founded in 2021, operates as a data governance platform, offering a centralized solution for corporate legal and administrative tasks. Initially registered as DEEDS Technologies GmbH in September 2021, the company was co-founded by Lisa Gradow (CEO), Philippa Peters (COO), and Vincent Bobinski (CTO). The founders' collective experience as CEOs, lawyers, and shareholders informed their vision to create an intuitive and customizable governance solution.
The company's core business revolves around a software-as-a-service (SaaS) model, providing a one-stop shop for corporate governance. This platform enables companies to digitize and automate governance duties across multiple entities and jurisdictions. Clients, typically companies with a certain level of complexity or numerous subsidiaries, can manage corporate information, oversee decision-making workflows for resolutions and meetings, and maintain a secure, audit-proof trail of all C-level decisions. This service helps to reduce liability risks for the company and its executives while saving resources typically spent on manual processes. The product suite includes entity management, governance workflows, and features ensuring audit trail and data security. By 2022, the company was already serving around 20 European firms, including notable names like Chrono24, Pitch, and Headline.
Fides Technology has secured significant financial backing to fuel its growth. In October 2022, the firm raised $4.3 million in a seed funding round led by La Famiglia, with participation from Sequoia Capital, Angel Invest, and Auxxo. The funding was earmarked for expanding the platform's functionality. The company has attracted a number of high-profile angel investors, including Russ Heddleston, the founder of DocSend, and Christa Davies, CFO at AON.
Keywords: Corporate Governance, LegalTech, SaaS, Entity Management, Compliance Software, Governance Automation, Corporate Law, Decision Workflows, Audit Trail, Risk Management, Subsidiary Management, Digital Governance, Corporate Compliance, Legal Operations, Fides Technology, Lisa Gradow, Philippa Peters, Vincent Bobinski, La Famiglia, Sequoia Capital