Clausematch, a London-based Regtech, and software-as-a-service (SaaS) company, announced that it closed $10.8 million, bringing Clausematch's total funding to $20 million.
The round was led by Lytical Ventures and joined by Flashpoint and Sony Innovation Fund.
Clausematch's new fund will be used to increase the company’s commercial activities in the US and invest in its product, technology, and data science teams.
Company: CLAUSEMATCH LIMITED
Round: Strategic Funding
Funding Month: June 2022
Lead Investors: Lytical Ventures
Additional Investors: Sony Innovation Fund and Flashpoint
Company Website: https://www.clausematch.com/
Software Category: Policy Management and Regulatory Compliance Solutions
About the Company: Founded in 2012, Clausematch is an award-winning regulatory technology (RegTech) company that uses artificial intelligence (AI) to help businesses automate policy management and meet regulatory compliance. Clausematch's AI-powered platform provides end-to-end policy management and regulatory compliance solutions to help organizations navigate the compliance lifecycle. Clausematch unique and easy-to-use policy management and compliance solution have seen rapid adoption as clients grapple to ensure ongoing regulatory changes are reflected across all documentation. With over 180,000 users, the company has more than doubled its customer base in 2021. Clausematch clients include the multinational London-headquartered bank Barclays, which recently partnered with fintech Liberis to provide SMEs with financing.