Ascentra Labs secures £1.5m in pre-seed funding led by NAP to scale its AI consulting platform.
The pre-seed round was led by NAP with participation from high-profile angel investors to support product and US expansion.
Ascentra Labs builds autonomous AI tools designed to accelerate workflows for consulting and corporate strategy professionals. The company operates between London and New York.
Ascentra Labs has secured £1.5m in pre-seed funding to accelerate its product development and US expansion. The investment round was led by NAP, with backing from prominent angel investors including Alan Chang and Fredrik Hjelm.
Founded earlier in the year, the firm builds automated tools tailored for the private equity consulting sector. Its technology has already been adopted by three of the world's top five consulting firms, enabling teams to execute due diligence workflows up to four times faster.
The fresh capital will be directed towards engineering growth, expanding the product suite, and scaling operations in the United States, where the majority of its customer base is located.
From the founder
"Consulting workflows are uniquely complex and difficult to build products around. It’s not surprising the space hasn’t changed yet. This will change though, and there’s no doubt that the industry is going to look completely different in 5 years’ time."
Oliver Thurston
CTO at Ascentra Labs
Investor perspective
"While most knowledge work has been reshaped by new technology, consulting has remained stubbornly manual. The Ascentra team combines deep industry understanding with technical mastery to finally change that. AI won’t replace consultants, but consultants using Ascentra might."
Stefan Walter
Managing Partner, NAP
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
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About the company
Ascentra Labs
Ascentra Labs develops artificial intelligence tools to automate workflows for strategy consultants.