Moonfire is a seed fund founded by Mattias Ljungman that invests in European early stage companies across multiple sectors including health and wellbeing.
Moonfire Ventures led the seed round for the London-based commercial intelligence startup.
"We reduced their time to produce a report or answer a question by 94%. Whereas before it was four hours to produce a report, senior executives were waiting hours and hours for an answer. We brought that down to a few minutes"
The London startup raised the capital from Moonfire Ventures, Speedinvest and Openspace Ventures to scale its compliance and monitoring technology.
"When decision-making in alternative assets is opaque, risk doesn’t disappear – it just becomes invisible until it isn’t. As these markets grow more complex and more visible, institutions need to show not just what they decided, but how. We’re building the infrastructure that makes that process structured, transparent and defensible – without stripping away professional judgement."
The seed round was led by Frontline Ventures and will support the expansion of artificial intelligence compliance workflows.
"We were really early-stage when the boom in AI came into effect, meaning we could implement AI-native solutions from the very start, something that more established companies running on legacy architecture have found challenging. It is true that bad actors in financial crime are finding new ways of using AI all the time, which is what makes the work Flagright is doing so important. This funding will allow us to further develop our AI agents that will allow financial companies to stay one step ahead."