KYP, a London, UK-based risk intelligence platform that delivers continuous, real-time partner monitoring and holistic intelligence, announced that it closed £800,000 in pre-seed funding.
The investment was from US-based 1414 Ventures, BH Ventures, and some leading UK angel investors.
This funding takes advantage of its recent launch and aligns with its growth plans for its expansion in North America and Europe.
KYP also announced the addition of new board and advisory board members; Luis Davila joined KYP's board, and David Birch and Howard Hall joined its advisory board.
Alan Nagle, Founder, and CEO of KYP said, "We at KYP are passionate about creating robust 3rd Party Enterprise risk solutions that empower secure and profitable partner relationships for our clients. We are thrilled to close our pre-seed round at just below £800,000 and appreciate the backing of 1414 Ventures, BH Ventures, and the rest of our investors."
Company: KYP Ltd.
Raised: £.80K
Round: pre-Seed
Funding Month: October 2022
Lead Investors: 1414 Ventures and BH Ventures
Additional Investors:
Company Website: https://kyp.io/
Software Category: Risk Intelligence Platform
About the Company: KYP is a real-time third-party risk intelligence platform that delivers a complete picture of the partners a business relies upon. KYP addresses the urgent market need for continuous monitoring and alerts of third-party companies. KYP's mission is to give organizations a better way to manage their real-time financial and reputational risk.
Source: https://kyp.io/news/kyp-announces-800000-pre-seed-round-and-appointment-of-new-directors-to-the-board-to-help-with-expansion-plans/