Xapien secures £8m Series A funding from YFM Equity Partners to expand artificial intelligence platform
YFM Equity Partners led the Series A round to support product development and international growth.
Xapien provides an artificial intelligence platform for automated due diligence and background research. The SaaS technology helps organisations evaluate third party risks in minutes.
Xapien has secured £8m in a Series A funding round led by YFM Equity Partners, lifting its total funds raised to £14m. The company plans to direct the capital toward advancing its entity resolution engine, expanding its continuous monitoring capabilities, and growing its presence in the United States and new business sectors.
The investment follows a period of rapid expansion for the compliance platform, which has doubled its headcount and increased annual recurring revenue by over 150 percent since its previous funding in March 2023. Xapien intends to use the proceeds to support ongoing product development and accelerate international market entry.
From the founder
"We founded Xapien to bring transparency to business relationships, so that organisations of all sizes can truly know who they are working with. This investment will not only accelerate our cutting edge natural language processing and entity resolution technologies but also positions us at the forefront of a fundamental shift in compliance. We are transforming due diligence from a time-consuming, manual process into an efficient, precise, and comprehensive solution. Xapien is setting new standards in compliance, helping organisations worldwide to navigate complex regulatory environments with ease and confidence, ultimately creating better business practices and stronger ethical standards."
Chris Green
CEO at Xapien
Investor perspective
"Xapien’s innovative technology is gaining impressive commercial traction in an exciting market, and it has already proven its value in existing sectors. With our support, Xapien is poised to expand into new areas, enhancing its product, growing its team, and extending its geographical reach. We believe in the strength and scalability of Xapien’s team and look forward to accelerating their growth and success."
James Savage
Partner, YFM Equity Partners
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Grow the team
