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HomeFunding London-based Eilla AI Raises €1.4 in Seed Funding

[Funding alert] London-based Eilla AI Raises €1.4 in Seed Funding

London-based Eilla AI raises €1.4 in seed funding. Eleven Ventures spearheaded the capital round, with Fuel Ventures providing support. Mark Pearson, the founder and managing partner of Fuel Ventures, provided an additional investment in his company's right.

London-based Eilla AI raises €1.4 in seed funding. Eleven Ventures spearheaded the capital round, with Fuel Ventures providing support. Mark Pearson, the founder and managing partner of Fuel Ventures, provided an additional investment in his company’s right.

The amount of tedious labour required for the deal workflow is one of the main time-wasters for investors and M&A consultants. Eilla AI’s solution utilises generative AI to mimic specialists in the sector, automating these operations.

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The platform’s ability to collect and analyse vast amounts of data from several sources in a much less time than is now possible also opens up fresh insights and facilitates hard decision-making.

Nikola Lazarov, CEO at Eilla AI, said: “The bottom line is that financial professionals are paid to think, not waste time on mundane tasks. But the amount of time and effort it takes a junior at a financial firm to map out the companies in a specific industry, for example, can spiral quickly. We tackle this problem by analysing all of the essential information and then providing a report in the appropriate format for our clients. This funding will be vital as we aim to expand our technical team and product offering, while also positioning the business for growth across the M&A, venture capital, and private equity markets.”

Svetozar Georgiev, General Partner at Eleven Ventures, commented: “The daily work of M&A, VC and PE professionals hasn’t evolved much in the past 30 years, dominated by lots of manual data retrieval and analysis, as well as mundane document creation. Eilla’s generative AI platform is a total game-changer, which will provide superhuman productivity. What previously took hours and days will take minutes, enabling people to focus on human interactions instead. We are excited to be leading Eilla AI’s seed funding round and work with its talented team, which uniquely combines deep AI expertise with M&A domain knowledge.”

Mark Pearson, Founding Partner at Fuel Ventures, added: “It was immediately clear from our own experiences in Venture Capital that Eilla’s innovative, AI driven approach will save a substantial amount of time and resources. Eilla will enable us in VC and others across PE, Corporate Finance and beyond to really focus on actually adding value. We’re excited to be investing alongside Eleven Ventures, and are looking forward to building something great with the enormously talented Eilla team.”

About Eilla

The M&A, VC, and PE deal workflow are powered by the AI platform Eilla. It supports difficult decision-making and automates routine tasks by modelling the best industry professionals.

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Advisors, investors, and VC and PE funds from over 50 M&A banks have utilised Eilla AI to help optimise specific procedures through information gathering, aggregation, and evaluation from important industry sources and internal data.

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