The seed round was co-led by Bessemer Venture Partners and DN Capital to support European expansion.
"As a former CFO, I’ve seen finance teams drowning in billing queries and tirelessly chasing invoices with reminders that customers ignore. AI agents have already transformed customer support by automating high-volume, conversational work. That same shift is now coming to accounts receivable, where agents can handle billing conversations end to end and help businesses get paid on time."
The London-based AI start-up exceeded its target in an oversubscribed round backed by angel syndicates and customer-investors.
"Community has always been at the heart of LaunchLemonade. During this pre-seed cycle, that community compounded trust and carried our story and helped us show what LaunchLemonade can offer in the AI space."
The Series A round was led by Blackbird Ventures and will support international expansion and product development.
"Trades businesses are overwhelmed by calls, emails, and admin – and that friction directly costs them revenue. We’re building AI agents that work like effective front-office staff: answering every call, booking every job, and integrating deeply into the systems trades already use."
The funding will be used to build out the technology offering and expand the sales footprint.
"Manipulation of the information environment is fundamental to the economic, political and security disruption going on around us. Having partners who understood the scale of the problem has been crucial. Now with BEF onboard, we have the support we need to go from understanding to solving – at scale."
The pre-seed funding will be used to scale the platform and expand solution offerings.
"We’re so pleased to have the backing of mission-aligned investors that really believe in our team and our plan. The commercial case for swapping unsustainable items and processes for a better way of doing things grows stronger every day, and we’re well-placed to help organisations act fast."