The financing round was led by Outward with participation from Cornerstone and Antler.
"Capsa AI has received such a positive reaction from investors and customers alike because we are using AI to address a clear and pressing challenge in one of the world’s biggest industries. We are already driving productivity and efficiency in major PE firms and I have every confidence that we can build a product which will transform collaboration, knowledge sharing and decision making in private equity and private capital worldwide."
Mainsail Partners has provided growth equity funding to support digital compliance software expansion.
"Regulators have never been more focused on ensuring the integrity of financial markets, protecting investors and preventing systematic risk to our economy."
The seed round was led by Speedinvest and Target Global to support team expansion and international growth.
"Imagine your electricity getting cut because of insufficient funds due to not moving money to your current account in time. Now imagine that across hundreds of accounts and dozens of countries. That’s the daily challenge for treasury teams – juggling multiple systems to track and predict cash flow across global operations. Having implemented incumbent solutions three times to solve this without seeing meaningful change, we knew it was time to build something better"
Adjuvo led the latest round, which takes the company total to £12.8m and prepares the firm for its first product deliveries.
"Skarper is set to establish itself as a major player and novel part of the fast growing e-bike market with a unique device that could revolutionise the sector. Cycling is a $100 billion industry and is only forecast to grow as new assistance technology is developed to enable more people to use it both as a form of transport and recreation. Everything we have seen suggests Skarper will therefore generate enormous customer demand globally."
ETFS Capital led the Series B financing, with participation from XTX Ventures, to support international expansion and product development.
"With the digital evolution of credit now inevitable, we are pleased to have ETFS join our team given their deep experience in capital markets innovation. Building the best-in-class dataset for one of the world's largest asset classes remains an ambitious task, and we are excited about the opportunities ahead of us."