Tracelight Raises $3.6 Million in Seed Round
Tracelight, a London, UK-based AI startup transforming financial modeling workflows, has raised $3.6 million in seed funding.
The round was led by Chalfen Ventures, with participation from Acequia Capital, Inovo, Entrepreneur First (EF), and angel investors including Charlie Songhurst and Suhit Gupta.
Chalfen Ventures is a solo venture capital firm based in London, UK. The firm specializes in early-stage investments, particularly in pre-seed, seed, and Series A rounds for European software startups. Chalfen Ventures focuses on identifying and supporting companies that aim to dominate new and often unconventional markets.
The company will use the funds to expand its team, accelerate product development, and scale its AI-powered Excel modeling solution globally.
Founded in 2024 by Peter Fuller, Aleksander Misztal, and Janek Zimoch, Tracelight is an AI company enhancing traditional financial modeling by integrating large language models into Excel workflows. Its software enables financial analysts, investment professionals, and consultants to automate complex modeling tasks—from formula generation to error detection and analysis. Available today as an Excel add-in via the Microsoft Add-In Store, Tracelight is initially targeted at individual analysts, consultants, and finance professionals. Headquartered in London, England, Tracelight aims to make analysts “superhuman in spreadsheets.”
Funding Details
Company: Tracelight
Raised: $3.6M
Round: Seed
Funding Date: August 2025
Lead Investor: Chalfen Ventures
Additional Investors: Acequia Capital, Inovo, EF, Charlie Songhurst, Suhit Gupta
Company Website: https://tracelight.ai/
Software Category: FinTech / AI for Financial Modeling