heyData receives mid six-digit investment
In order to further accelerate the rapid growth, LegalTech collects investors from the Rocket Internet/Delivery Hero Universe like Benjamin Bauer, Felix Plog, Konstantin Sorger, Sven Grajetzki, the CEO of ottonova Dr. med. Roman Rittweger, several legal partners of international law firms including Tom Frank, Frank Linde and Philipp Plog and the former CFO of Time gold Jan Sroka a middle six-figure sum.
"Our goal is not only to develop heyData into a one-stop-shop for data protection, but also to offer an intuitive platform that makes the topic of compliance accessible and at the same time reduces complexity for customers. The investment helps us to further strengthen our most important resources, team and tech, and thus to become even more attractive for our customers. " says founder Miloš Djurdjević.
So far, the Munich start-up, which still opened locations in Koblenz and Berlin in the difficult Corona year, financed itself from its own cash flow.
“Data protection as a service” & sales boost
heyData offers start-ups, small and medium-sized companies “data protection as a service”. Instead of having your own data protection officer in the company, everything runs on a secure cloud platform. Customers also include well-known German start-ups such as Lendis, Planetly or CARL.
The growth has not least been driven by Corona and the Off for the Privacy Shield Once again, the company picked up speed: Sales have quadrupled since the beginning of the first lockdown - completely organically, without marketing. HeyData now employs over ten people, and the team is expected to continue to grow in 2021, especially in the tech and content area.
In the course of the GDPR are Miloš Djurdjević together with co-founder Daniel German came up with the idea for heyData. The two had already gained experience with the numerous data protection restrictions in the health and insurance sectors, among others, at previous positions. In addition, due to the broad network in the German digital economy, they have found that this topic is either implemented inadequately or amateurishly - the relevance is beyond question! The previous solutions ultimately did not convince the founders and so in 2019 they developed a process that then resulted in a platform that found its first paying customers after a short time.