Helu secured $5 million in seed funding.

Helu, a Vienna, Austria-based SAAS developer of financial tools, announced closing a seed funding round of $5 million.

The money was raised from investors including the German VC investors from Force Ventures and Atlantic Labs, wefox founder Fabian Wesemann, Bitpanda founder Eric Demuth, the former Lakestar partner Gilad Novik, Marco Rodzynek (Noah Conference), and Oliver Manojlovic.

Helu, founded in 2020 by a former Speedinvest employee Franz Salzmann, developed a software solution that aims to simplify accounting data and present CFOs at small and mid-sized companies with an easily digestible, yet comprehensive financial overview, down to the lowest booking level. The company incoporates data from DATEV, in order to streamline multiple financial data sets into a single, customisable dashboard.