Our Investment in heyData

Riverside Acceleration Capital (RAC) is thrilled to announce our recent investment in heyData, a compliance-as-a-service solution provider that helps small and medium-sized European businesses simplify regulatory adherence. Based out of Berlin, the company combines automation, enterprise-grade security, and expert support to help customers keep up with evolving legal requirements.

European businesses face some of the strictest regulations in the world. Between GDPR, cybersecurity requirements, and the new EU AI Act, what once required basic documentation now requires continuous monitoring, employee training, and the legal expertise to adapt to new regulations. Meanwhile, fines for violations can reach millions of euros and potentially devastating reputational consequences. This can leave many businesses vulnerable, particularly small and medium-sized companies without dedicated compliance teams.

Established in 2020, heyData recognized that businesses needed a fundamentally different approach to compliance – one that transforms regulatory adherence from a challenge into a streamlined business process. Their platform serves as a central compliance hub, tracking regulatory changes, generating required documentation, managing audit trails, and providing digital employee training. Their modular approach enables customers to only pay for the modules they need, while certified compliance experts are available on-demand for consultation.

The company has already demonstrated strong market traction with over 2,000 customers across Europe, including well-known names likes like eToro, Learnship, and wefox. In 2024, they were recognized in the Sifted 50 as Germany’s 18th fastest-growing company based on revenue growth over the past three years – an achievement we consider particularly impressive given their capital-efficient growth strategy.

As regulatory complexity continues to increase, we believe heyData is well-positioned to become a key player in compliance software, and we look forward to supporting their growth.

To learn more about heyData and their mission to make compliance accessible and simple for everyone, visit their website at www.heydata.eu.