Eilla AI, a London, UK-based generative AI platform for financial decision-making in private markets, has raised $1.5 million in seed funding.
The round was led by Eleven Ventures and supported by Fuel Ventures. Mark Pearson, Founder & Managing Partner at Fuel Ventures, also provided additional investment in an individual capacity.
Founded in 2012, Eleven Ventures is a venture capital firm based in Sofia, Bulgaria. The firm prefers to invest in technology, fintech, the future of food, the future of work, and healthcare sectors across Southeast Europe.
Eilla AI Use of Funds
The funding will be utilized to expand Eilla AI's technical team and enhance its product offering, positioning the company for growth across M&A, venture capital, and private equity markets.
About Eilla AI
Eilla AI is a generative AI platform designed to assist M&A, venture capital (VC), and private equity (PE) professionals with financial research, analysis, and document creation. The platform also unlocks new insights and supports complex decision-making through aggregation and analysis of large amounts of information from various sources in significantly less time than is currently possible. To date, Eilla AI has been used by advisors and investors from more than 50 M&A banks and VC and PE funds to help optimize specific tasks by researching, aggregating, and analyzing information from key industry sources and internal data.
Company: Eilla AI Ltd.
Round: Seed Round
Funding Month: November 2023
Lead Investors: Eleven Ventures
Additional Investors: Fuel Ventures and Mark Pearson
Company Website: https://eilla.ai/
Software Category: AI-driven Financial Analysis Platform