ClauseMatch raises $5m in a Series A round led by Index Ventures
23rd April 2018
Level39 member ClauseMatch has announced a $5m series A investment round. Index Ventures leads the round along with Talis Capital and SpeedInvest.
Tom Glocer (former Thomson Reuters CEO) and Cristobal Conde (former Sungard CEO) also join the round.
Clausematch will be using the funds to scale-up and speed-up development of the product.
Clausematch is leading the regulatory technology space with their platform. Their platform automates impact assessments, streamlines regulatory change management, and allows employees to collaborate on thousands of documents.
The team is currently working with Barclays following their time at Barclay’s accelerator programme.
“Our goal is to create a compliance platform that is fully automated, smooth and effortless, that enables people responsible for compliance to be more proactive and strategic, and that increases full transparency and the state of compliance across the board.
Equally, we are aiming to bring regulators to the table so that both sides of financial services are connected,” said Evgeny Likhoded, ClauseMatch CEO, and co-founder.