FeedStock raises £2.5m in Series A funding led by Praetura Ventures to expand its operations
Praetura Ventures led the Series A round with backing from Force Over Mass and Illuminate Financial Management.
FeedStock provides artificial intelligence software that analyses enterprise communication streams to help financial institutions manage compliance and commercial goals. Founded in 2015, the London-based business serves clients across the UK, Europe and the US.
FeedStock has secured £2.5m in Series A funding led by Praetura Ventures, with participation from Force Over Mass and existing backer Illuminate Financial Management. The capital will be deployed to speed up product rollout, grow the workforce and enter new markets.
Established in 2015, the London company builds artificial intelligence tools such as Cortex and Synapse to help financial services firms streamline regulatory compliance, automate CRM data entry and extract commercial insights from communications. Mark Lyons of Praetura Ventures joins the company board as a non-executive director following the investment.
From the founder
"With our background in highly regulated businesses, we are seeing enormous appetite for our proprietary technology; not only from businesses required to comply with MiFID II, but also for enterprises that are looking to leverage AI as a core component of their business for efficiency gains and revenue generation."
Charlie Henderson
Co-founder and joint managing director at FeedStock
Investor perspective
"Our support for FeedStock fits well with our strategy of investing in exciting businesses led by entrepreneurial management teams with experience in high-value sectors."
Mark Lyons
Director of investments, Praetura Ventures
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
