Etvas raised €1M in seed funding from High-Tech Gründerfonds (HTGF) and main incubator

Etvas, a Hamburg, Germany-based startup building a B2B2C API-based marketplace, announced completing a funding round of €1M ($1.2M).

The money was raised from local investors from Germany, led by High-Tech Gründerfonds, together with main incubator, Sparkasse Bremen, Plug and Play.

Etvas, founded in 2019 by Ilie Ghiciuc and Sören Timm, developed a software solution sold as a white-label solution that can be integrated within a few days into apps and websites of banks and insurers. Business Partners select services from various providers in the Etvas marketplace, which in turn meet the needs of their customers in the best possible way.

With the help of AI technology, personalized and highly relevant additional services are automatically presented to the end customer according to their life situation. Depending on their needs, these can be booked at fixed monthly or annual fees.