Xapien Raises $10 Million in Series A

Xapien Raises $10 Million in Series A

Xapien, a London, UK-based AI due diligence provider, has raised $10 million in Series A funding, bringing its total funding to $17.8M.

The round was led by YFM Equity Partners, an independent private equity investor specializing in growth and buyout opportunities. With over £740 million in assets under management, they invest £2m - £15m in commercially proven businesses to facilitate scaling up and management buyouts.

The company plans to use the recent funding to accelerate the development of its technology and expand into new sectors, such as financial services and large corporate partnerships. Additionally, the company aims to grow its presence in the US market.

Founded in 2018, Xapien provides AI-powered due diligence focused on helping businesses assess their third-party relationships swiftly and effectively. The company applies cutting-edge artificial intelligence and natural language processing to deliver on-demand research, enabling businesses to truly understand their third parties. Over the past 15 months, Xapien has secured engagements with Magic Circle, Silver Circle, and AmLaw 100 law firms, as well as major players in risk consulting and private wealth.

Funding Details

Company: Xapien

Raised: $10.0M

Round: Series A

Funding Month: July 2024

Investors: YFM Equity Partners

Company Website: https://xapien.com/

Software Category: AI Due Diligence