The funding round was led by Lightspeed Venture Partners and MMC Ventures to accelerate expansion into financial institutions.
"Compliance should be a growth enabler, not a bottleneck. Our vision is an agentic onboarding solution that fully automates KYB checks. We designed Condukt as an always-on nervous system that lives and breathes real-time data. By combining this proprietary data infrastructure with AI agents, we eliminate repetitive checks and ensure compliance keeps pace with any business change."
The financing will support clinical material manufacture and preparation for regulatory studies ahead of a target marketing authorisation application.
"This additional funding represents strong continued confidence in our technology platform and our progress towards commercialisation. The support from Archangels, Scottish Enterprise and BBB Investments is enabling us to advance our clinical and manufacturing capabilities as we work towards regulatory approval."
The proptech startup is targeting a seed round after graduating from STYX and achieving a $4m valuation.
"Home insurance hasn’t evolved in decades. Policies are confusing, claims are slow, and pricing is opaque. We’re giving homeowners and insurers the tools to make insurance smarter, faster and more personalised. Being part of the Styx’s Living Lab has given us the mentorship and network we needed to make us investible as we embark on our first raise."
The bridging round was led by British Design Fund to support global growth for the medical device innovator.
"This investment reflects strong support for our mission to improve patient safety worldwide. We’re encouraged by the growing interest in DoubleCHEK and remain focused on expanding access to safer enteral technologies."
