BITE Data Raises $2.5 Million in Seed Round

BITE Data Raises $2.5 Million in Seed Round

BITE Data, a Leesburg, Virginia-based AI-native SaaS company providing global trade compliance solutions, has raised $2.5 million in a Seed funding round.

The round was led by Las Olas Venture Capital (LOVC), with participation from New Dominion Angels and Blue Impact Venture Capital.

Las Olas Venture Capital (LOVC) is an early-stage venture capital firm that invests in B2B software, with a focus on vertical SaaS and AI startups across the Eastern United States. The firm backs founding teams building software and AI platforms that modernize outdated business workflows, delivering measurable improvements in ROI, efficiency, and productivity.

The funding will be used to grow BITE’s engineering and sales teams and further develop its AI-native platform for automating import/export compliance workflows and global trade operations.

Founded in 2023 by Thariq Kara and Anne Riitho, BITE Data is a company focused on building AI-powered tools to automate global trade compliance tasks for both import and export workflows, including screening, classification, and risk monitoring. Headquartered in Leesburg, Virginia, BITE Data’s mission is to make trade data accessible, actionable, and intelligent, combining deep domain expertise with AI and automation.

Funding Details

Company: BITE Data Corporation

Raised: $2.5M

Round: Seed

Funding Date: November 2025

Lead Investor: Las Olas Venture Capital (LOVC)

Additional Investors: New Dominion Angels, Blue Impact Venture Capital

Company Website: https://bitedata.io/

Software Category: AI / Global Trade Compliance / SaaS