London-based due diligence platform driven by AI Xapien has raised £8 million in a Series A funding round led by UK YFM Equity Partners. The total amount of money the company has raised with this round is £14 million.
- Xapien was founded in 2018 by Chris Green, Daniel Secretan, and Shaun O’Mahony. It provides on-demand research for companies looking to better understand their third parties by utilizing AI and natural language processing. Anyone can find out who they are doing business with its SaaS platform.
- The leading investor is YFM Equity Partners, a private equity investor with around 75 companies in its portfolio. Its ticket size ranges from £2 million to £15 million. YFM Equity Partners’s investment focuses on business services, application software, advanced manufacturing, retail and brands, new media, tech-enabled services, cloud and devops, data, life sciences, data, and analytics.
- With the fresh funds, Xapien will keep redefining the way companies perceive their third parties, expand its presence in the US, and enter new markets, including financial services and big corporate partners.
