Cortea raises €12m in a seed round led by Dawn Capital to expand its audit review technology
Dawn Capital led the seed investment, which included participation from Cherry Ventures, Mosaic Ventures, and prominent industry angels.
≈ £10.4M at €1 = £0.8647 on 16 Jun 2026
Cortea develops artificial intelligence agents designed to review financial audits and identify compliance errors.
Cortea has secured €12m in a seed funding round led by Dawn Capital to expand its audit review technology. Additional backing came from Cherry Ventures, Mosaic Ventures, and several angel investors, including former KPMG global audit chief Larry Bradley. The Berlin and London based startup plans to deploy the capital to develop further audit agents, enhance platform integrations, and grow its presence in the UK, Germany, and the US.
The company emerged from university roots in 2024, founded by Valentin Neumann and Philipp Hövelmann. Its technology targets the final stages of external audits, running automated checks on financial statements and disclosures to assist firms facing mounting regulatory scrutiny.
From the founder
"The audit profession is about to undergo one of the biggest shifts in its history. AI will transform how audits are executed, but it will also raise the bar for quality, consistency, and professional oversight,"
Valentin Neumann
CEO at Cortea
Use of funds
- 01Continue product development
- 02Expand into international markets
