London-based startup Condukt, which automates compliance using real-time data and AI, has secured $10 million in funding led by Lightspeed Venture Partners. The funding will accelerate its expansion into financial institutions, as Vestbee was informed.
- Launched in 2023 by Paulo Guichard and Bhasker Rao, Condukt develops a next-generation compliance platform for financial services.
- The platform leverages a proprietary real-time data layer combined with AI-driven agents to automate know-your-business (KYB) verification and ongoing monitoring.
- By continuously synchronizing with client operations and analyzing live business data, Condukt replaces manual compliance checks with an always-on system that detects changes in risk, validates information across trusted sources, and ensures continuous regulatory compliance.
- Its architecture enables institutions to streamline onboarding, improve accuracy, and maintain operational oversight without human intervention.
Details of the deal
- The new round was led by US-based venture capital firm Lightspeed Venture Partners, with participation from MMC Ventures and Cocoa Ventures.
“Condukt is truly redefining compliance with its real-time data infrastructure, delivering a foundational shift from periodic to perpetual oversight. Having proven its technology with leading fintech firms, Condukt is now emerging from stealth with the commercial maturity and client base to lead a new category of always-on, agentic compliance," claims Alex Schmitt, Partner at Lightspeed Venture Partners.
- Condukt will use the new funding to expand its presence with leading financial institutions, scale its go-to-market strategy, and recruit top engineering talent in London and Porto.
- The investment will also support the enhancement of its real-time, agentic compliance platform, enabling perpetual KYB monitoring and helping businesses maintain continuous compliance efficiently.
