Xapien, a London, UK-based provider of a tech platform for business, raised $4.5M in funding.
The round was led by YFM Equity Partners and backed by D2 Fund, concluding total seed funding of £6M.
The company intends to use the funds to accelerate product development and go-to-market, expand into new verticals and extend their US footprint.
Led by CEO Chris Green, Xapien applies AI and natural language processing to deliver on-demand research for businesses seeking to understand their third parties. Its SaaS platform enables anyone to know who they are in business with, whether used for client onboarding, investment due diligence, compliance, reputational and integrity due diligence, donor prospect research and more.
FinSMEs
12/04/2023
Legal: HCR, Financial: PKF Francis Clark; Organisational: Sonia Allinson-Penny and Ian McDonald; Technical: Leckie Kershaw; Sales and marketing: Emerse; VCT Advice: Philip Hare & Associates.
ENDS
About Xapien
Founded by deep technology experts with decades of experience in intelligence and financial crime, Xapien applies cutting edge artificial intelligence and natural language processing to deliver on-demand research for businesses seeking to truly understand their third parties.
Xapien’s SaaS platform is transforming how the world deals with third parties. It enables anyone to know who they are in business with, a capability available until now only to organisations with significant resources.
For more information visit www.xapien.com or follow us on LinkedIn