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heyData closes EUR 3,3 million seed round.

The Berlin compliance startup heyData today announced the conclusion of a seed financing of 3,3 million euros. The round was led by Ten VC, with existing investors Patrice Deckert, Stefan Tietze and Picea Capital also taking part again.

The fresh capital is to be used for product development and opening up new markets. In addition, the team, which currently comprises 34 employees, is to be expanded. Co-founder Miloš Djurdjević is optimistic about the completed financing round: "We have completed a financing round at a difficult time for startups because our investors trust in us and in the vision we have with heyData."

heyData offers data protection-as-a-service, thereby reducing compliance problems for companies. Customers include Everdrop, Vytal and Numa. The digital platform enables customers to train and sensitize their employees, automatically generate necessary documents and save them in one place, and conclude necessary agreements with employees digitally. Companies and organizations not only protect themselves, strengthen their reputation among various stakeholders, but also free up capacities for growth.

We are very pleased to have invested in heyData. When we first met the team we were very impressed with their customer base, with more than 400 customers in multiple countries and how reliable their service is in such a business critical area as data backup.

Benjamin Patterson, Partner Ten VC

The market forecasts for compliance services read promisingly. Annual growth of at least 14% is expected, which would mean a market size of EUR 2028 billion in 100. “We are very pleased to have invested in heyData. When we first met the team we were very impressed with their customer base, with more than 400 customers in multiple countries, and how reliable their service is in an area as business critical as data backup. The products in their pipeline give SMBs the opportunity to access solutions with a high level of quality and efficiency that previously only large companies could afford. We look forward to supporting the company's vision to become the world's leading 'Compliance-as-a-Service' platform” said Benjamin Patterson, Partner Ten VC.

At a difficult time for startups, we have completed a round of financing because our investors trust in us and in the vision we have with heyData.

Miloš Djurdjević, Co-Founder heyData

About heyData

heyData was founded in 2020 and is today the leading compliance startup headquartered in Berlin. With their digital all-in-1 platform solution for SMEs, they relieve organizations and companies in managing their data protection and compliance requirements. First and foremost, the digital platform makes it possible to integrate into the customer's technical infrastructure and, in further steps, to train and sensitize your employees, to automatically generate necessary documents and save them in one place, and to conclude necessary agreements with employees digitally. heyData's core is the combination of technology and in-depth legal expertise to save time, capacity and costs for SMEs in the long term.

About TenVC

Ten VC is a US-based early stage investor whose founders have over 15 years of experience investing in seed-stage breakthrough technologies through traditional and corporate ventures. The focus is on investing in outstanding founders developing disruptive technologies that can evolve into transformative platforms.

Press Contact:
Dino Kadric


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Stars rating

“The special thing about heyData is the unbureaucratic and entrepreneurially intelligent cooperation. With the fast service and solution-oriented answers to complex questions it feels more like an: e excellent internal: r employee: in and less like an external service provider. "

Michael from Frischepost
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“In the healthcare sector, in particular, there are special challenges in terms of compliance with the GDPR, as you work with sensitive data on a daily basis. Together with heyData at our side, we were able to master this successfully and have found in you a competent partner who can help us quickly and professionally at any time. "

Felix from Felix Healthcare Space

“The cooperation with heyData clearly reflected the principle of data protection - trustworthy, reliable and transparent. It quickly turned out that heyData works professionally and that the criteria are taken into account in every detail. "

Konrad von Lendis

“Our cooperation with heyData turned out to be extremely recommendable. Not only are the approaches to our requirements carried out considerately and thoroughly, but also support as soon as the data protection measures are put into effect. "

Robin from November

“Thanks to the trusting cooperation with HeyData, we benefit greatly from their expertise, which means that the implementation of the GDPR is not a challenge. In HeyData we have found a professional partner who is at our side with advice and action and with whom we feel in the best hands with regard to data protection. "

Stefan from OKM Detector

“With heyData we feel we are well advised on all questions of data protection and the GDPR. We rely on solid specialist knowledge and many years of experience. We particularly appreciate the unsolicited advice and tips for implementing new, complex guidelines. "

Timo from Tektit Consulting

“At HeyData we have a personal contact, quick help and, above all, a clear price structure. They offer an optimal price-performance ratio, which is particularly important to us as a fintech startup. The overall package just fits. "

Kurosch from Carl
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Personal data protection advice tailored to your needs

Frequently asked questions about data protection

Do I need a data protection officer?
What are personal data?
How does heyData work?
How long is the contract term?
What is done in the data protection audit?
Do I need a data protection officer?

If you and your company meet one or more of the following criteria, then YES:
- Your company employs more than 20 people
- The employees regularly process automated data
- Special categories of personal data are processed in the company, such as ethnic origin, political opinion, religious conviction, health, the person's sex life
- Business-related personal data is transmitted, collected, processed or used and this represents a core activity of the company (this is the case with almost all companies that are related to personnel, e.g. software, recruiting, headhunting, consulting, etc.) 

What are personal data?

According to the GDPR, personal data is all information that relates to an identifiable or identified natural person. The persons concerned can be identified if they can be identified directly or indirectly, in particular by means of assignment to an identifier such as a name, an identification number, a location or other features. In practice, this includes all data that can be assigned to a person in any way. Examples of this are telephone numbers, ID numbers, account details, license plates, customer numbers, e-mail addresses or postal addresses.

How does heyData work?

As soon as you have decided to work with heyData, after an initial needs analysis, we will carry out a data protection audit with your company in order to understand the processes of your company holistically - this process is digitally accompanied and supervised by the data protection advisor. We will then work with you to prepare the necessary documentation and, if necessary, adapt the website of your company according to our instructions, should there be a need for changes in order to achieve conformity. Depending on the package, we are then involved in a wide variety of processes in your company that require the expertise of a data protection officer to protect you in all matters; this usually extends to HR, marketing, product but also business development processes.

How long is the contract term?

The regular contract term is 24 months.

What is done in the data protection audit?

The data protection audit is intended to examine the processes of your company and to identify the essential points of data processing. You will then receive documentation of this so that the positions, the type of data processed and the persons responsible are also available as a diagram at any time.

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