Capsa AI raises 1.7 million pounds

Capsa AI launches innovative solutions for PE funds, saving investors up to 20% of time in due diligence processes

London, UK, 5 September 2024 - London-based startup Capsa AI, which specializes in streamlining the private equity due diligence process, today announced the completion of a £1.7 million seed funding round.

The funding round was led by Outward VC, a UK-based fintech investor, with participation from Cornerstone VC, an early-stage investor with a people-first focus, and existing investor Antler, Europe's active early-stage VC. Investors also include angel investors such as Chris Adelsbach as well as executives from leading private equity firms and tech unicorns.

Danyal and Callum have quickly developed a product that has caught the attention of the private equity industry. Their long-term vision of unlocking the value of unstructured data excites us and we look forward to supporting Capsa AI on its growth journey.

Rodney Appiah, Managing Partner at Cornerstone VC

Capsa AI was founded eight months ago and has grown into a revenue-generating company in this short time. The startup is already working with leading PE funds managing over 30 billion dollars and operating in the US, UK and Germany.

AI solutions for private equity

Capsa AI has developed an AI-powered operating system that enables investors in private equity funds to outsource manual and time-consuming due diligence tasks. These include creating company profiles, extracting and consolidating financial information, analyzing financial performance and reviewing client contracts. Capsa AI's technology enables PE investors to focus on more value-adding tasks and review more potential deals.

We are already driving efficiency in large PE firms and are confident that our product will transform collaboration and decision-making in private equity globally.

Danyal Özdüzenciler, Co-Founder of Capsa AI

Since the product launch, Capsa AI has worked with leading PE funds to develop specialized features tailored to the specific needs of the industry. Early customers report an average time saving of 20% in due diligence processes and a customer satisfaction rate of 90%.

Use of funds and further expansion

The funds raised will be used to expand the Capsa AI team, in particular by hiring product developers. In addition, further PE-specific features will be developed and the proprietary AI models will be expanded to support expansion in the target markets.

With the strong growth of private markets and the increasing complexity of data, Capsa AI is at the forefront of AI technology adoption.

Sanchit Dhote, Principal at Outward VC