Bavest Secures €1.1 Million in Pre-Seed Round

Bavest Secures €1.1 Million in Pre-Seed Round

Bavest, a Munich, Germany-based B2B fintech company, has secured €1.1 million in a pre-seed round of funding.

The round includes notable backers such as Bitpanda’s Christian Trummer, ReZoom Capital, Nautic Ventures, Jens Rehwinkel, Dieter Staib, and senior figures from leading consultancies and the fintech industry.

The company will use the funds to accelerate product development, expand sales activities, and strengthen its market position.

Founded in 2019 by Pedram Babaei, William Todt, and Ramtin Babaei, Bavest is a B2B fintech company that provides AI-based financial infrastructure for businesses. It offers access to financial data, business analytics, and alternative data such as sentiment, ESG, and climate data, and provides portfolio analysis using AI technology. Bavest also offers AI-as-a-Service, enabling asset managers to use AI to check portfolios for risks and precisely quantify the impact on the climate. Bavest’s mission is to transform the financial world by enhancing transparency and efficiency through innovative infrastructure, providing access to essential information and analyses previously unattainable.

Funding Details

Company: Bavest Technologies GmbH

Raised: €1.1M

Round: Pre-Seed Round

Funding Month: March 2024

Investors: Christian Trummer, ReZoom Capital, Nautic Ventures, Jens Rehwinkel, Dieter Staib

Company Website: https://www.bavest.co/

Software Category: Financial