This is the ComplyAdvantage pitch deck to raise a $20m series-c round in 2021.
About
ComplyAdvantage offers AI-driven financial crime risk data and detection technology. ComplyAdvantage’s aim is to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crime. More than 500 enterprises in 75 countries rely on ComplyAdvantage to understand the risk of who they’re doing business with through the world’s only global, real-time database of people and companies. The company actively identifies tens of thousands of risk events from millions of structured and unstructured data points every single day.
ComplyAdvantage uses machine learning and natural language processing to help financial institutions and others manage their risk obligations and prevent financial crime. The company works with a number of fast-growing businesses such as the US crypto exchange Gemini, stock trading app Robinhood, and London’s OakNorth Bank.
CEO Charles Delingpole told Insider the fresh funding would extend the firm’s runway and boost its growth plans.
The startup’s Series C was previously led by one of the world’s largest pension plans, SpaceX-backer Ontario Teachers’ Pension Plan Board.
“We had record performance for the past three quarters and some big client wins which obviously helped make us attractive for investment,” Delingpole added. “We want to build a long relationship with them in order to partner with Goldman in the future as there is probably no more systemically critical financial institution when it comes to regulation.”
The fresh capital takes ComplyAdvantage to around $108 million in total funding. This extension will go towards hiring around 80 new engineers, primarily in the UK, by the end of 2021 as well as launching new products.
“We’ve seen first-hand the compelling benefits that ComplyAdvantage offers across a range of portfolio companies,” said James Hayward, managing director in the growth equity team at Goldman Sachs Asset Management.
Funding rounds
| Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
| May 20, 2021 | Series C – ComplyAdvantage | 1 | $20M |
Goldman Sachs Asset Management
|
| July 28, 2020 | Series C – ComplyAdvantage | 3 | $50M |
Ontario Teachers’ Pension Plan
|
| Jan 30, 2019 | Series B – ComplyAdvantage | 3 | $30M | Index Ventures |
| Oct 13, 2016 | Series A – ComplyAdvantage | 1 | $8.2M | Balderton Capital |
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