Capsa AI funding news – London-based Capsa AI Secures €2 Million in Seed Funding
Sep 5, 2024 | By Team SR
Capsa AI, a startup transforming due diligence in private equity, secures €2 million in seed funding. The funding round was led by Outward VC with participation from Cornerstone VC and Antler.
SUMMARY
- Capsa AI, a startup transforming due diligence in private equity, secures €2 million in seed funding.
- In order to satisfy the unique requirements of the private equity industry, Capsa AI was developed to guarantee the greatest levels of data security while facilitating quicker investment decisions supported by thorough market research.
High-profile angel investors like Chris Adelsbach and senior executives from top private equity companies and software unicorns also contributed to the round.
Eight months after Capsa AI was established, the seed fundraising round was concluded. During that period, Capsa AI has already started to turn a profit, working with top private equity groups that oversee over $30 billion in assets in the US, UK, and Germany.
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With the use of an AI operating system created by Capsa AI, private equity fund investors may now "delegate" the labor-intensive, manual due diligence duties that formerly took up to 25% of their time. These responsibilities include things like making company profiles, gathering and organizing financial data from corporate documents, analyzing financial performance, and going over contracts with customers.
Danyal Özdüzenciler, the co-founder of Capsa AI, commented: “Capsa AI has received such a positive reaction from investors and customers alike because we are using AI to address a clear and pressing challenge in one of the world’s biggest industries. We are already driving productivity and efficiency in major PE firms and I have every confidence that we can build a product which will transform collaboration, knowledge sharing and decision making in private equity and private capital worldwide.”
PE investors have greater capacity to look at more possible investments and devote more time to value creation thanks to the Capsa AI technology, which enables them to concentrate on more important and lucrative duties. Capsa AI will assist private equity funds in utilizing their past deal data to improve investment selections in the upcoming months.
The money obtained will be utilized to expand the team, with a special emphasis on adding experienced product engineers to provide new features for private equity investors. The money will also be utilized to develop exclusive AI models and break into specific markets.
Sanchit Dhote, Principal at Outward VC, said: “The Capsa AI team has developed a groundbreaking solution that is fundamentally reshaping how private equity firms approach due diligence. With private markets experiencing tremendous growth over the past decade, the volume and complexity of data for due diligence has grown exponentially. Capsa is at the forefront of driving the adoption of AI technologies in the PE industry. We are confident that Capsa AI will become the essential infrastructure for managing private assets.”
Rodney Appiah, Managing Partner at Cornerstone VC, added: “In a short period of time, Danyal and Callum have created a product that has caught the attention of the private equity sector, harnessing the benefits of AI whilst maintaining flexibility and control over how it is deployed in internal workflows. Their long term ambition to unlock the value of unstructured data within the private markets industry is something that excites us and one we see great potential for going forward. We are delighted to be part of their round and look forward to working with the team as they seek to scale Capsa AI in the coming years.”
About Capsa AI
In order to satisfy the unique requirements of the private equity industry, Capsa AI was developed to guarantee the greatest levels of data security while facilitating quicker investment decisions supported by thorough market research.