AUDAVIS Raises Over 1.1 Million Euros in Seed Funding to Expand Market and Enhance AI Auditor

January 15, 2025

  • AUDAVIS secures over 1.1 million euros in seed funding, led by HTGF.
  • The Munich-based startup develops the “Artificial Auditor,” an AI solution that enhances the efficiency and reliability of financial transaction audits.
  • AUDAVIS also provides large corporations with AI-based audits of financial transactions and data quality.

Munich, 15 January 2025-The Munich-based startup AUDAVIS has received more than 1.1 million euros in seed funding from High-Tech Gründerfonds (HTGF) as lead investor. In addition to business angel and unicorn investor Martin Ostermayer, whose investments include SumUp, private investors from the BayStartUP investor network, one of the leading institutions for supporting start-ups in the early stages, are also participating. The AUDAVIS team will use the financing to further develop its AI-based ‘Artificial Auditor’ as a co-pilot for auditing.

AUDAVIS is developing an AI co-pilot as an AI-as-a-Service (AIaaS) for the annual audit and the continuous verification of the quality, consistency and risk-free nature of companies’ financial transactions. The company collaborates with key associations in the areas of auditing, internal audit and financial data transparency. In addition to audit firms, large corporations are also interested in AI-based auditing of financial transactions and data quality.

Investor and stakeholder confidence is crucial for economic success. Auditing plays a vital role in building this trust but faces a significant shortage of skilled professionals. Internal auditors and CFOs can also be liable for detecting and assessing errors and risks in their financial data. The AUDAVIS solution automatically analyses financial data such as orders, invoices, deliveries and payments and their mapping in financial accounting, checks them for consistency and coherence according to audit standards and identifies anomalies and financial risks. The AI co-pilot supports auditors with expertise and enhances the evaluation of all detected results. This not only increases efficiency but also deepens the audit process, down to each individual transaction.

Our multi-layered AI system leverages cutting-edge distributed computing and federated deep learning. With the AUDAVIS Artificial Auditor as a co-pilot, we boost auditors’ efficiency by up to 60% during annual audits, achieving unparalleled audit depth down to individual bookings. Additionally, companies can utilize AUDAVIS for internal audits, enabling continuous auditing.

Benjamin Aunkofer, Chief AI Officer and co-founder

With AUDAVIS, a very well-connected and technically deep-rooted founding team meets an attractive market. We see great potential for AUDAVIS to become the industry standard and a must-have tool for AI-driven auditing.

Johannes Dierkes, Investment Manager at HTGF

Audavis founding team: Otrek Wilke, Philipp Roebruck and Benjamin Aunkofer (Photo: AUDAVIS)

About AUDAVIS
AUDAVIS is a Munich-based startup that leverages a scalable cloud application to access data from ERP and accounting systems. It prepares this data for audit actions and employs various AI systems to comprehensively check for accuracy, consistency, and risk-free nature, adhering to and exceeding audit standards.

Contact
Benjamin Aunkofer
Chief AI Officer & Co-Founder
benjamin.aunkofer@audavis.ai

About HTGF – High-Tech Gründerfonds 
HTGF is one of the leading and most active early-stage investors in Germany and Europe, financing start-ups in the fields of Deep Tech, Industrial Tech, Climate Tech, Digital Tech, Life Sciences and Chemistry. With its experienced investment team, HTGF supports start-ups in all phases of their development into international market leaders. HTGF invests in pre-seed and seed phases and can participate significantly in later-stage financing rounds. Across its funds, HTGF has over 2 billion euros under management. Since its inception in 2005, HTGF has financed more than 750 start-ups and successfully sold shares in more than 180 companies.  
Fund investors in the public-private partnership include the German Federal Ministry of Economics and Climate Action, KfW Capital and 45 companies.  
For more information, please visit HTGF.de or follow us on LinkedIn.   

Media contact
High-Tech Gründerfonds Management GmbH 
Tobias Jacob, Senior Marketing & Communications Manager  
T.: +49 228 – 82300 – 121 
t.jacob@htgf.de   

Stay up to date

Subscribe now and receive the latest press releases on investments and other news from High-Tech Gründerfonds. We inform you about important developments at HTGF and provide you with interesting news from our portfolio. Whether it’s a successful exit, a new exciting investment or HR news – you’ll be the first to know!

Press
6. February 2025

Modular. Data-driven. Connected. Avelios Medical secures €30 million from Sequoia Capital for its next-generation hospital information system

The funding round is one of the largest Series A rounds in digital health in recent months. Avelios Medical offers the HIS of the future: designed around hospital workflows, powered by modular microservices, and based on structured data to enable AI-driven care. Leading hospitals are successfully using Avelios Medical’s software as the modern alternative in the HIS market. Munich, February 6, 2025 – Avelios Medical, provider of a modern hospital information system (HIS), h
 
Press
4. February 2025

Akribion Therapeutics exits from stealth with €8m seed financing to pioneer RNA-guided, programmable cell depletion

Financing led by CARMA FUND and RV Invest with participation of High-Tech Gründerfonds and others Akribion is pioneering a unique, RNA-guided, nuclease-based technology for programmable cell depletion Experienced team with a background in biotechnology and company building led by co-CEO’s Dr. Michael Krohn and Lukas Linnig Dr. Paul Scholz, the principal inventor of G-dase E technology, joins as Head of Research and Development Akribion Therapeutics (“Akribion”), the earl