The oversubscribed round was backed by Ascension alongside a syndicate of parcel delivery executives and industry experts.
"The era of scaling a parcel delivery operation by throwing people at the problem is over. Manual labour is a tax on every parcel you ship. We are building the autonomous workforce for the future of parcel delivery, where networks run on intelligence, not headcount. This funding from leaders who have lived this pain is the ultimate confirmation of the industry’s urgent need for this change."
The AI-native RegTech startup has secured pre-seed funding to accelerate product innovation, integrations, and team growth.
"While we’re not publicly disclosing specific figures, we’ve raised sufficient capital to execute the next phase of our growth. We’re investing in three core areas: product innovation (deepening our AI-native capabilities with richer regulatory intelligence and more automated workflows), ecosystem integrations (expanding our ability to connect seamlessly with existing financial systems and compliance tools), and team growth (hiring specialists in financial crime ops and AI to support our growing customer base and accelerate execution). Everything we do is focused on solving 95% of the problem that begins after an alert is triggered."
The investment round was led by Ascension with backing from Channel4Ventures, Velocity Capital, and TwoMagnolias.
"Sprive is set to have a huge positive impact on our customer’s finances, as our average user is already on track to slash three years off their mortgage term, collectively saving our users more than £100 million in interest alone. We’re proud to offer the fastest way to financial freedom for the homeowner and we’re determined to help as many as possible achieve it."
Boost Capital Partners led the seed round with participation from multiple European and American investors to fund product expansion.
"AI is transforming how people and businesses operate, and delegating work to AI is the future. Capably is leading this shift, and we’re excited to back them in redefining the way work gets done."
The maiden funding round was led by Cornerstone VC and Ascension to support team expansion and platform development.
"ComplyStream is addressing a critical pain point for financial institutions. Their approach to unifying compliance tools and applying AI-driven insights, solves a problem I saw first hand as COO of OakNorth Bank and is precisely what the industry needs to stay ahead in today’s regulatory landscape."
