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."
BGF backs mobile identity specialist TMT ID in its first institutional funding round to support international growth.
"We are delighted to announce BGF’s investment in TMT ID. At a time when fraud and digital threats are escalating worldwide, the ability to verify users, detect risk, and protect customers has never been more critical. TMT ID’s mobile identity and number intelligence solutions deliver real-time insights that allow enterprises to build trust, prevent fraud and optimise decision-making."
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."
Siguler Guff has provided £11.4m in private equity backing to help launch the AI-focused consultancy.
"Advice from traditional consultancies is never impartial. You don’t know if the guidance you’re being given is right for your business, or theirs. And they lack the skills and expertise to really understand the AI revolution – you’re effectively paying for their transformation while trying to navigate your own. Valliance will always be independent. Our team of experts has a single aim: to help businesses reduce time to AI value. We’re not here to sell licenses – we’re here to deliver solutions that work for business, and with the existing IT estate."
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."
