Seed7 August 2025

Tracelight secures £2.7m in seed funding from Chalfen Ventures to expand its financial modelling software.

The seed round was led by Chalfen Ventures and will support product development and team expansion.

£2.7MSeed

Tracelight provides an Excel-native artificial intelligence plug-in designed to streamline complex financial modelling for professionals. The software integrates directly into standard spreadsheet workflows to reduce repetitive tasks and assist analysts.

London-based financial technology startup Tracelight has secured £2.7m in seed funding to accelerate its product development and market expansion. The investment round was led by Chalfen Ventures, with participation from Acequia Capital, Inovo, and Entrepreneur First, alongside several prominent angel investors.

The company has developed an Excel-native artificial intelligence tool designed to integrate into existing spreadsheet workflows. By bridging the gap between traditional financial models and large language models, the software aims to automate repetitive modelling tasks for analysts in banking, private equity, and professional services.

The fresh capital will be deployed to scale the team, enhance product capabilities, and drive commercial distribution. Early adopters have reported significant time savings on routine formatting and analytical duties since the tool became available.

From the founder

"Complex financial models underpin all of the corporate world’s most important decisions. Until now, LLMs have barely touched this workflow. Tracelight is purpose-built for this; it works seamlessly inside the tools analysts already trust. Our aim is to take away the entire mechanical workload of financial modelling. Our users act as directors and orchestrators of AI that is quickly becoming superhuman at the task of Excel analysis."

Peter Fuller

Co-founder and CEO at Tracelight

Investor perspective

"The most magical AI tools work at the highest level of abstraction, making them radically easy to adopt, while understanding and executing complex work under the hood. Tracelight does that. It has taken the world’s most widely used modelling platform and embedded AI where it can have immediate impact. And its rapid adoption by analysts in demanding modelling environments shows just how big the opportunity is."