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Amsterdam,January 10, 2025 – Engyon, the Dutch pioneer in audit automation software,has successfully raised €1 million in a seed funding round led by the Graduate Entrepreneur Fund. The company supports auditors in conducting audits and assurance tasks for sustainability reports (CSRD) with a next-generationsoftware platform. Engyon users experience significant productivity gains and a reduction in audit and compliance risks.

The company was founded by Berend Berendsen (CTO), Gerben Bas (Head of Engineering), and Joachim Arts (CEO). The SaaS platform currently automates repetitive tasks, enabling auditors to focus on more strategic conversations with clients about achieving their sustainability goals. Over time, the software will assist auditors with risk assessments, automated checks, data analysis, and detecting fraud and errors.

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Strategic investment to accelerate growth

The funds raised will be used to drive international growth and strengthen the R&D team. “There are fewer auditors available in the market, and the current tools don’t really help them do more with fewer resources,” says Joachim Arts, CEO of Engyon. “With Engyon, we aim to provide our clients with the right tools to work more efficiently and cost-effectively. Perhaps the work will even become more enjoyable; with the help of AI and language models, much of the ‘boring’ work can simply be automated.”

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Graduate Entrepreneur's vision

“Over the coming years, auditors face an immense challenge as the demand for their services will be greater thanever,” says Rui Li, an investor at Graduate Entrepreneur Fund. “Engyon combines deep market knowledge with extensive technological expertise to address this challenge. We strongly believe in Engyon’s vision to make CSRD audits more efficient and effective, and we are proud to support their growth.”

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The future of audit automation software

With more than 50,000 companies in the EU required to report under CSRD from 2026 and a shrinking supply of auditors, the demand for audit software is growing. Engyon sees an opportunity to become the standard in the EU within three years for case management and AI-driven workflow automation in audits.

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Call to action

Accounting firms interest in joining the Early Acces program waitlist or learning more about our solution can contact us at info@engyon.eu or visit their website at www.engyon.eu.

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About Engyon

Engyon provides innovative casemanagement and audit automation software to accounting firms, aiming to reduce audit and compliance risks and enhance auditor productivity.

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