Xelix, a London, UK-based agentic AI software company in the Accounts Payable (AP) space, has raised $160 million in Series B funding.
Investors
The round was led by Insight Partners, with continued support from Passion Capital and LocalGlobe.
Insight Partners is a global software investor that partners with high-growth technology, software, and internet startups and scaleups driving transformative change in their industries. The firm has over $90 billion in regulatory assets under management and has invested in over 800 companies worldwide, with 55+ portfolio companies achieving an IPO. Headquartered in New York City, Insight also has offices in London, Tel Aviv, and the Bay Area.
As part of the investment, Hinkle and Alessandro Luciano, Vice President at Insight Partners, will join the Xelix Board of Directors.
Xelix Use of Funds
The company will use the funds to accelerate product development, expand market reach, and further support enterprise adoption of AI in finance operations.
About Xelix
Founded by Paul Roiter and Phillip (Phil) Watts, Xelix provides an AI-powered platform that bolts onto existing ERP and finance systems to detect payment errors and fraud, automate supplier statement reconciliations, and streamline AP helpdesk operations. Headquartered in London, UK, Xelix’s mission is to build best-in-class solutions for Accounts Payable—using the latest technology to drive real outcomes for customers. Today, the Xelix platform offers three core solutions and serves 130+ global customers, including AstraZeneca, GSK, BAT, and Virgin Atlantic.
Funding Details
Company: GSPV Ltd (Xelix)
Raised: $160.0M
Round: Series B
Funding Date: July 2025
Lead Investor: Insight Partners
Additional Investors: Passion Capital, LocalGlobe
Company Website: https://xelix.com/
Software Category: AI / Accounts Payable Automation / Finance Software
Source: https://www.prnewswire.com/news-releases/xelix-secures-160-million-series-b-to-advance-agentic-ai-innovation-in-accounts-payable-302508834.html