Capsa AI, a London-based startup transforming due diligence in private equity, has raised £1.7 million in Seed funding just eight months after its founding. In that time, Capsa AI had already become revenue-generating, managing over $30 billion across the US, UK, and Germany.
Capsa AI has developed an AI operating system that allows investors at private equity funds to ‘delegate’ the manual, low-skill due diligence tasks that traditionally take up to 25 per cent of their time. These tasks include activities such as the creation of company profiles, extraction and consolidation of financial information from company records, analysis of financial performance and reviewing customer contracts.
In the coming months Capsa AI will help private equity funds leverage their historical deal data in order to make better investment decisions.
The funding round was led by Outward VC, the leading UK fintech investor, with participation from Cornerstone VC, the ‘people first’ early-stage investor and existing investor, Antler, the most active early-stage VC firm in Europe. The round also included contributions from high-profile angel investors such as Chris Adelsbach, one of Europe’s most prolific fintech investors, as well as senior professionals from leading private equity firms and tech unicorns.
