Talis Capital-backed Narrativ Recognised As World Economic Forum Technology Pioneer

Company honoured for building technology to re-architect an independent and profitable media ecosystem

(LONDON, June 21, 2018), Narrativ, an innovative media technology company backed by Talis Capital (‘Talis’) has been honoured by the World Economic Forum (‘WEF’) as a 2018 Technology Pioneer.

Narrativ’s SmartLink AI transforms hard-coded links into intelligent, continuously self-repairing nodes - creating an open marketplace for product links while ending the 404. To date, SmartLink AI has restored more than one billion links, impacting more than 200 million internet users every month.

The World Economic Forum Technology Pioneers is a community of early-stage companies from around the world poised to have a significant impact on business and society.  Past recipients of the award include Google, AirBnb, Kickstarter, Blockchain, Palantir and Wikipedia. Other Talis-backed winners of the award include Darktrace and Onfido.

Narrativ’s technology unlocks a new revenue source for publishers by democratizing 100mm consumers, creating a sustainable business model that maintains integrity for the 4th estate. The Company was founded by Shirley Chen, former consultant at McKinsey & Company and Director of Marketing and Business Development at Moda Operandi. She is one of 14 female founders recognized by WEF this year.

Talis participated in the angel funding round and went on to lead the seed funding round in Narrativ, which also included participation from New Enterprise Associates. These investments have allowed Narrativ to innovate further through investment into technology and to continue to drive the expansion of the business.

Narrativ’s mission is to build a strong technology foundation for journalism and commerce. It’s our generation’s responsibility to build a sustainable and profitable media ecosystem,” said Shirley Chen, CEO and Founder of Narrativ. “The foundation of this ecosystem is free-flowing data, accessed by working links. We need to restore links for the benefit of every user of the Internet - publishers, advertisers and consumers alike.”

Matus Maar, Managing Partner and Co-founder of Talis Capital said: “Narrativ is shaping the future of journalism and commerce on the internet. By devising innovative technology that repairs crumbling digital infrastructure, Narrativ is improving the internet for users, publishers and advertisers alike. The scale of this undertaking should not be understated, and its work is vital to the health of a digital ecosystem. Today’s award is testament to Narrativ’s achievements and further demonstrates how technologies can improve the state of the world.”

The Technology Pioneers were selected by a selection committee of more than 60 academics, entrepreneurs, venture capitalists and corporate executives. The committee based its decisions on criteria including innovation, potential impact and leadership. There is also a wide variety in the technologies the pioneers focus on: the focus technologies include artificial intelligence, big data and internet of things (IoT), biotechnology, blockchain, autonomous vehicles, cyber security, vertical farming and other agricultural advances, decentralised microgrids and robotics.

Portfolio Update - 14.06.2018

Darktrace have become Cambridge's youngest surviving Unicorn after achieving a $1.25bn valuation only five years after launch, and were recently named as one of the top global startups on CNBC'S Disruptor 50 list alongside Uber and Airbnb.

 

Luminance were interviewed by the BBC as a legal AI market leader after securing over 80 customers, including ten of The Global 100 law firms, and continue to perform well after winning "Startup Tech Company of the Year" at the National Technology Awards.

 

Onfido's COO was ranked 4th in Business Insider's "UK FinTech 35 under 35" after overseeing Onfido's growth from inception to an ID Verification market leader with over 1,500 clients and $60m raised from world-class investors including Salesforce and Microsoft Ventures.

 

Homelyfe have joined Startups 100, a list highlighting the top 100 UK startups launched in the last three years, for their impressive platform which allows customers to find and buy home insurance in 85 seconds.

 

Portfolio Update - 08.05.2018

Luminance have announced their regulatory compliance solution following a trial with a major retail bank where they achieved 85% time-savings for its GDPR review, and have now secured over 75 clients including ten of The Global 100 law firms.

 

Price f(x) have partnered with Bain & Company, one of the world's top management consultancy firms, where their pricing optimisation software will be used to support Bain's extensive client base.

 

Pass the Keys have been chosen as one of the first three UK partners for AirBnB's professional co-hosting programmme following their impressive short-term rental track record with over 5,000 guest stays completed since their launch in 2015.

 

Senrio have been raising awareness of IoT chained attacks, where attackers hack vulnerable IoT devices to gain access to enterprise networks, and publicly demonstrated an attack at RSA, one of the world's largest cybersecurity conferences.

 

Regtech Company ClauseMatch Raises $5m in Series A Round Led by Index Ventures

ClauseMatch Press Release Logos.JPG

Talis Capital is pleased to announce its involvement in the $5m Series A fundraising for ClauseMatch, a RegTech start-up that aims to automate the entire regulatory lifecycle to help companies ensure compliance. ClauseMatch works with the world’s leading financial institutions, legal firms and corporates.
 
The investment round was led by Index Ventures and included participation from previous investors including SpeedInvest. The round also involves investment from high-profile angels Tom Glocer, former CEO of Thomson Reuters, and Cristobal Conde, former CEO of Sungard.
 
The funding will be used to continue to rapidly scale-up and accelerate development of the product.
 
Vasile Foca, Managing Partner at Talis Capital: "ClauseMatch has created, and are delivering, a revolutionary and efficient solution to processes that compliance and regulation have unfortunately made burdensome for large and small companies alike. ClauseMatch has achieved tremendous traction already, and we are very excited to be supporting them in this next stage.
 
"Our goal is to create a compliance platform that is fully automated, smooth and effortless, that enables people responsible for compliance to be more proactive and strategic, and that increases full transparency and the state of compliance across the board. Equally, we are aiming to bring regulators to the table so that both sides of financial services are connected,” said Evgeny Likhoded, ClauseMatch CEO and co-founder.

ClauseMatch Team Pic.jpg

LONDON, April 25, 2018 -- ClauseMatch, the RegTech startup that aims to automate the entire regulatory lifecycle to help companies ensure compliance, has announced a Series A investment of $5 million led by Index Ventures joined by Talis Capital and with participation from previous investors, including SpeedInvest. The round also involves investment from high-profile angels Tom Glocer, former CEO of Thomson Reuters, and Cristobal Conde, former CEO of Sungard. The funding will be used to continue to rapidly scale-up and accelerate development of the product.

Compliance, legal, finance, operations and risk departments use ClauseMatch to help automate impact assessments, streamline the implementation of regulatory change and to collaborate effectively on thousands of documents across the entire organisation. ClauseMatch applies deep understanding of the regulatory lifecycle and machine learning to standardise and automate processes and workflows across teams, reducing costs, speeding up implementation and demonstrating compliance to regulators. Comprehensive audit trail delivers accountability, transparency and assurance into readiness for the next review of current governance documentation, internal controls and their links to the applicable regulations.

ClauseMatch works with the world’s leading financial institutions, legal firms and corporates including Barclays following the time at Barclays Accelerator Program, and Intesa San Paolo. ClauseMatch is also being tested as part of the third cohort of companies in the Financial Conduct Authority's (FCA) Regulatory Sandbox supporting a top-tier bank with its technology.

"Since their graduation from the Barclays Accelerator, powered by Techstars, in 2014, our relationship with ClauseMatch has grown from strength to strength. Thanks to features such as a full audit trail, in-built governance, and centralised access, we’ve found ClauseMatch to be really useful for high-risk internal documentation, which is why they are now mandated for all global policies and standards across the Barclays Group. We’re very proud to have come on this journey with them, and look forward to growing with them in the future.”- Steven Burman, Managing Director, Compliance Operations and Controls at Barclays, commented. 

With 800 regulators globally, the regulatory burden on financial services companies is already great. Global banks currently spend 20 per cent of their operating costs on compliance and employ thousands of people dedicated to managing the processes manually. These costs are expected to double by 2022, according to some estimates. Even with all their compliance efforts, companies still get fined for non-compliance because of a lack of a centralised policy framework and poor conduc.

"Our goal is to create a compliance platform that is fully automated, smooth and effortless, that enables people responsible for compliance to be more proactive and strategic, and that increases full transparency and the state of compliance across the board. Equally, we are aiming to bring regulators to the table so that both sides of financial services are connected,” said Evgeny Likhoded, ClauseMatch CEO and co-founder.

Jan Hammer, Partner at Index Ventures added: "The regulatory system is broken. Regulators don’t have a full view of how regulation impacts the industry, over-regulating as a result, whilst companies struggle to keep up and stay compliant. We believe ClauseMatch can make the entire regulatory ecosystem function much better for both the regulated and the regulator, by providing new, simple to use tools replacing outdated document management and word processing software.”

Vasile Foca, Managing Partner at Talis Capital supported this with: "ClauseMatch has created, and are delivering, a revolutionary and efficient solution to processes that compliance and regulation have unfortunately made burdensome for large and small companies alike. ClauseMatch has achieved tremendous traction already, and we are very excited to be supporting them in this next stage.”

 

Media contact: 

ClauseMatch
Anna Antimiichuk
anna@clausematch.com  
+447408812657

Talis Capital
Charles Harrison
Charles.harrison@smithfieldgroup.com
+447884136143
 

About ClauseMatch
ClauseMatch is a collaboration platform that applies machine learning to help compliance, legal, finance, operations and risk departments automate impact assessment and collaborate effectively throughout the entire implementation process. It ensures compliance, reduces costs, demonstrates compliance to regulators and speeds up implementation.
For more information, go to www.clausematch.com.

About Index Ventures
Index Ventures is a London and San Francisco-based international venture capital firm that helps the most ambitious entrepreneurs turn bold ideas into transformative global businesses. Index supports companies across all stages, from seed to venture to growth. Index-backed companies include Adyen, Deliveroo, Dropbox, Farfetch, Funding Circle, Slack and Supercell.
To learn more about the Index, visit www.indexventures.com.

About Talis Capital
Talis Capital is a London based venture capital firm, focused on technology companies within three key areas: Security, Business Intelligence/SaaS and Financial Services. Talis Capital has completed over $380m of transactions since 2009 and has an outstanding returns track record. Talis has made over 30 venture investments and count some of the fastest growing tech start-ups in its portfolio – Darktrace, Onfido, Iwoca, Luminance, Pirate Studios - among many others.
For more information, visit www.taliscapital.com.

Portfolio Update - 13.04.2018

eporta have raised a $8m Series A round, supported by Talis, to double their team and expand overseas after securing an impressive 10,000 buyer customer base including Hilton Hotel Group, Accenture and Ted Baker.

 

Pirate Studios have announced the 30 finalists for their Pirate Prodigy Programme, narrowed down from over 2,000 applications, which has proven to be immensely popular with over 70,000 votes cast for UK emerging music talent.

 

Onfido hosted a roundtable discussion with ID verification industry leaders regarding the difficult task of meeting data privacy requirements without compromising end user experience, and expected trends following the upcoming implementation of GDPR.

 

Interiors marketplace eporta raises $8M Series A Round

In this day and age of higher expectation in offices, sourcing your furniture from Ikea  no longer cuts the proverbial mustard. But the furniture industry is notoriously old fashioned, forcing buyers to leaf through hundreds of paper catalogues, most of which are outdated by the time you get around to ordering. The global design and furniture industry is worth $700 billion, and yet most of its processes for customers are stuck in a previous age. Wouldn’t it be better if someone digitised those manufacturer catalogues, and allowed you to order direct, cutting out the middle-men?

This is what eporta is. This London-based B2B interior marketplace startup, has now raised $8 million in a Series A funding round led by US investor Canvas Ventures. It also includes venture capitalists LocalGlobe, Oxford Capital Partners, Talis Capital, Samos Ventures, as well as angel investors Guy Hands, Ed Wray (co-founder, Betfair), Rohan Blacker (founder, sofa.com), Simon Kain (co-founder of Zoopla) and Will Cooper (founder, Achica.com).

Founded in 2015, eporta allows interior designers, architects, property developers, offices and other businesses to find and purchase furniture pieces directly from manufacturers around the world online. The Hilton Hotel Group, Accenture,  Ted Baker, and Charlotte Tilbury are included amongst its clients.

Eporta lists over 1,000 sellers in 55 countries and over 10,000 buyers in 85 countries. The idea is that companies that purchase items on eporta can expect to save up to 50% off retail pricing. eporta’s revenue model enables suppliers to pay a low commission to utilise the platform. The service is free for buyers to sign up to, with best pricing guaranteed.

The startup was founded by Manchester-born and Oxford University-educated Aneeqa Khan who previously led strategy at property marketplace Zoopla  and oversaw its £919 million IPO in June 2014. Her technical cofounder is Simon Shillaker, a friend from university.

Khan said: “Our manufacturer base is now the largest global database of manufacturers online for trade.” And she says small interior designers can use the service, as well as larger businesses. “If you are someone who has a project — it could be a commercial project or a residential project — if you’re using eporta you’re going to find the best pieces and you’re going to have more selection than you would do anywhere else in the world.”

Recent projects include a large office fit-out for Accenture (where they worked with Studio Jenny Jones interior design practise), the start-up make-up brand Charlotte Tilbury who worked with them to fit out their new space, and Ted Baker’s property development arm on a range of projects.

 

Source: https://techcrunch.com/2018/04/10/interiors-marketplace-eporta-raises-8m-led-by-canvas-ventures/

Portfolio Update - 28.03.2018

Darktrace have detected mass clandestine cryptomining operations, with up to 55% of all global organisations estimated to be affected, after uncovering a hidden cryptomining side business operating under the floorboards of a European bank's data center.

 

Onfido represented London in an interview with the World Economic Forum where they defended London as the fintech capital of the world due to its strong spirit of collaboration between regulators and start-ups, rich tech talent pool, and extensive network opportunities.

 

CensorNet have launched their new USS solution, combining patented smart user authentication with sophisticated threat protection, after being named in Gartner's first ever Magic Quadrant for Cloud Application Service Brokers.

 

Portfolio Update - 15.03.2018

iwoca have promised to provide £100m business loans to SMEs in North England by 2020 as part of their ongoing efforts to support the Northern Powerhouse, and continue to achieve impressive traction with over 45,000 transactions completed since 2012.

Second Home have announced their upcoming Clerkenwell site, due to open in Autumn, which will cater primarily to their extensive corporate client base including Ernst & Young, Volkswagen and Santander.

 

Pass the Keys, the UK’s leading AirBnB rental management provider, discuss how property owners can take advantage of the rapidly growing short-term property rental market to maximise their rental returns.

 

Talis Capital is Hiring

After a record number of investments in 2017 and a huge growth year for Talis’ portfolio, the team is looking to bring on board a new Associate. As Talis continues to increase its AUM and number of investments in its portfolio, the team now needs additional resource to help execute new investments and manage the portfolio.

Talis Capital is an early-stage VC (Series A & B focus) that supports industry-changing and leading technology companies. Talis’ portfolio includes some of the most exciting European start-ups such as Darktrace (led Series A), Onfido (Series B & C), iwoca (sole Seed) and Pirate Studios (incubated, sole Seed & Series A) - as well as sort-after early-stage companies including Luminance and Price f/x. Talis closed over $400m of deals since 2009 and mostly leads 5-10 new investments per year, on top of number of follow-ons from their existing 40+ growing portfolio.   

The Talis team identifies and invests in both technology and tech-leveraged real businesses and has a unique perspective from its hybrid approach to private equity & venture capital. Talis only supports sustainable business models with high calibre founding teams and has a sharp focus on a handful of B2B themes (including AI leveraged cyber security, financial services, insurance-tech, prop-tech and IoT).

At Talis we also incubate / build own companies. Pirate Studios, Skwire & Learning People are just some of them and the Associate will have hands on entrepreneurial experience building these or new companies.

Associate Position

We are looking for a talented individual to join Talis where you will; gain great exposure to the European and US tech ecosystem, meet exiting new start-ups, track some of the fastest growing tech companies and work side-by-side with the Partners to find new opportunities and execute on them from origination to close.

You will

  • Take a leading role in investing and managing venture investments (typical investments range from £1-10m from Series A-B
  • Responsible for identifying investment opportunities, preparing investment recommendations, taking meetings, undertaking extensive due diligence and financial modelling
  • Contribute to all aspects of deal flow, from own initiative sourcing to initial evaluation of potential investments to assisting with deal execution and closing.
  • Provide detailed company and sector research and analysis.
  • Monitor post-investment activities such as keeping up-to-date on portfolio performance
  • Board representations experience
  • Conduct research for marketing, deal sourcing and fund raising

Qualifications

  • Graduated from a top tier university
  • Minimum 3 years’ experience in a relevant industry (Investment Banking, Investment Consulting, M&A/Corporate Finance, Private Equity, Venture Capital).
  • Solid financial and business modelling skills
  • Great presentational skills
  • A self-starter.
  • Good transactional experience.
  • Strong analytical abilities.
  • Strong communication skills.
  • Ability to work independently & in a start-up environment.
  • Keen interest in technology and start-ups.

Benefits

  • You will be joining a dynamic and entrepreneurial team, friendly and non-hierarchical.
  • You will get a chance to interact with the most exciting technology entrepreneurs, companies and investors, and be at the forefront of tech innovation
  • You will get a chance to attend technology conferences and start-up networking events
  • Free personal trainer team sessions 3x a week at midday
  • Team offsites 2x a year (latest were ski trip in Megeve chalet and villa in Ibiza)
  • Market competitive salary and bonus.
  • Fast track carry opportunity for the right candidates.

Apply for the job by sending a cover letter and your CV to info@taliscapital.com

 

Portfolio Update - 21.02.2018

Pirate Studios hosted Kerrang!’s Band Practice series at their London Studios in Earlsfield to promote one of the UK’s leading independent artists – Dead! The collaboration has already hit over 26,000 views on Pirate’s Facebook page, and has been shared to Kerrang!’s 920,000 weekly listeners.

They have also just launched their Pirate Prodigy Programme to support their 20,000 musician community by giving three bands the opportunity to partner with leading music publishers and radio executives including the BBC, Radio X and Sound City. Winning bands will also benefit from unlimited free use of Pirate’s rehearsal facilities, extensive promotion across social media, and one-to-one mentoring from industry professionals. 

     

 

 

Darktrace have been recognised in Fast Company’s “2018 World’s Most Innovative Companies” list alongside leading technology enterprises including Apple, Amazon and Spotify. This joins their long list of over 75 awards as they continue to expand across multiple sectors with clients including Drax, the UK's largest power supplier, and accounting giant Grant Thornton.

     

 

 

Luminance have expanded to Singapore after securing three of its Big Four law firms, and continue to gain traction after signing with Bird & Bird, a leading global law firm with over 1,200 lawyers. This marks an impressive achievement for Luminance who have now cemented their presence in APAC and completed over 200 global live transactions since their launch earlier in November 2016.

     

 

 

Homelyfe have launched their new Home & Contents insurance offering to simplify the home insurance process by only asking customers four simple questions compared to the current system where only 4% of buyers are able to accurately answer the typical dozens of required questions in one sitting.

Portfolio Update - 30.01.2018

Onfido, following their success in 2017, were invited to speak again at the World Economic Forum alongside the World Bank. They have also partnered with PushDoctor, the UK's leading online doctor consultancy service, to verify 100,000 patients. 

 

Second Home have built an impressive community where start-ups collaborate with global enterprises including KPMG and Volkswagen, resulting in teams at Second Home growing 10 times faster than the UK national average.

 

Price f(x) have had their most successful year to date after closing their largest recorded deal, doubling their customer base, expanding operations to APAC and North America, and raising $8.3 million additional funding ahead of their planned 2018 round.

Portfolio Update - 12.01.2018

Darktrace have partnered with AIG to identify client vulnerabilities for their cyberinsurance analysis, and have been named on CB Insights' 2018 "AI 100" list as one of the top 100 global AI firm. 

 

Luminance have leveraged their multi-lingual platform to secure a contract with Araoz & Rueda, a leading Spanish law firm operating in more than 30 countries, and are on track to repeat their strong 2017 performance as they expand throughout America.

 

Onfido had an impressive performance in 2017 including raising a $30m Series C round co-led by Microsoft Ventures, showcasing their ID verification solution to 10,000 attendees at Salesforce's annual conference, and achieving 550% US sales growth.

Talis Capital & Credo Ventures lead more funding for Price f(x)

Talis Capital is pleased to announce that it has co-led an additional funding round along with Credo Ventures into leading price management, optimization and CPQ SaaS provider, Price f(x).

Price f(x) has now raised a total of $8.3 million on the back of its most successful year, having doubled the number of customers it serves. Price f(x) has also successfully established a market presence in the US and Asia Pacific with new offices in Chicago, IL and Brisbane, Australia.

Managing Partner of Ventures at Talis Capital, Matus Maar, commented “Price f(x) has been a stand-out performer in Talis’ portfolio and we think there is a huge amount of potential within the team and technology to come. Price f(x) has demonstrated significant value to its clients through its innovative approach to price optimisation and CPQ. We can’t wait to see what the team achieves this year during a period of exciting international expansion."

Established in 2011 in Germany, Price f(x) AG provides a full suite price management and CPQ SaaS solution based on a native cloud architecture, offering broad and flexible support across the entire price management lifecycle, including Price Strategy, Controlling, Setting, Optimization, and Realization. The solution is suitable for B2B and B2C as well as any industry facing the classical but also particular pricing challenges of commercial organizations of any size and geographical location. Price f(x)’s vision is to become and stay the leading SaaS pricing and CPQ solution provider through offering easy to use, fast to implement, flexible to adapt, risk-free and inexpensive, comprehensive solutions. Price f(x)’s business model is entirely based on satisfaction and loyalty of their customers, not about signing long-term commitments.

Price f(x) co-founder and CEO Marcin Cichon stated: “This year’s strong performance reconfirms Price f(x)’s clear differentiation, unique value proposition, and vision to disrupt established industry players. The continuous financial and operational support of our investors makes us very proud and will allow Price f(x) to further expand our existing commercial operations in North America, Europe, and Asia, while better serving its rapidly expanding list of customers, both large and small.”

 

About Talis Capital

Talis Capital is a London based venture capital firm, focused on B2B technology companies within three key areas: Security, Business Intelligence/SaaS and Financial Services. Talis Capital has completed over $380m of transactions since 2009 and has an outstanding returns track record. Talis has made over 30 venture investments and count some of the fastest growing tech start-ups in its portfolio – Darktrace, Onfido, Iwoca, Luminance, Pirate Studios - among many others. For more information visit:  https://www.taliscapital.com/

Portfolio Update - 08.12.2017

Second Home have had a successful launch at Holland Park and have secured an impressive pipeline including a London Fields site due to open in 2018 alongside a 90,000 sq ft Hollywood site planned for 2019. 

 

CensorNet have been recognised as a market-leading Cybersecurity firm after being highlighted as the sole European HQ firm in Gartner's 2017 Magic Quadrant for Cloud Application Security Brokers.
 

 

Darktrace have had an outstanding performance during 2017 and have now secured over 3,750 clients including two of the four largest telecommunications companies in America.

Darktrace Growth.JPG

Talis Capital leads Luminance's $10m Series A round at $50m valuation

  • Series A fundraising successfully completed at a $50m valuation. The $10m investment was led by Talis Capital, and also included Invoke Capital and Slaughter and May.
  • Luminance technology has been deployed in hundreds of M&A transactions worldwide, in over 50 leading organisations, across 15 countries in five continents since launching in September 2016.
  •   North American headquarters in Chicago is a response to high demand from North American clients, including AM Law 100 firms.

29 November 2017, London and Chicago – Luminance, the leading artificial intelligence platform for the legal profession, has closed a $10m Series A funding round that values the company at $50 million. The investment was led by Talis Capital, and also included Invoke Capital and Slaughter and May. Luminance will use the funds to expand its operations to meet increasing global demand, including supporting its newly-established North American headquarters in Chicago.

Luminance, which has been deployed in over 50 leading organisations worldwide, is a self-learning AI platform for the legal profession which accelerates and enhances contract review processes such as M&A due diligence and property lease review. The technology has been used to assist with over 200 live transactions to date. In response to strong demand Luminance has seen almost fourfold employee growth within one year.

“We look forward to using this new investment round to ensure we deliver on the excitement building around Luminance, as well as continue to grow our relationship with existing top-tier customers across Europe, Asia-Pacific, and the U.S.” said Emily Foges, Luminance CEO. “Just one year after launch, Luminance has already proven its value with leading law firms globally. We’re excited to boost our operations across the Atlantic with the opening of our Chicago office, and to continue to bring legal innovation to new markets around the world.”

Sally Wokes, a partner at Slaughter and May, said: “Slaughter and May has worked closely with the Luminance team since the product’s inception. The knowledge we have gained through piloting, testing and using the software on live transactions gives us real confidence in what we consider to be a highly differentiated due diligence tool. Our decision to invest in this latest funding round reflects our belief in Luminance and our commitment to harnessing innovation for the benefit of our clients.”

Vasile Foca, Managing Partner and Co-Founder of Talis Capital, added, “We have seen technology integration within the legal sector, in particular that based on artificial intelligence and machine learning, transition from a support function to an enabler and efficiency-driver, allowing lawyers to focus on real added value to clients. Since launching investment last year, we have seen Luminance truly lead the competition in this regard and we are excited to be a part of their growth and continue our support.”

Using a unique combination of supervised and unsupervised machine learning, Luminance reads and understands vast quantities of legal documents at speeds no human can match. Moving well beyond legacy contract review software, Luminance automatically sorts and classifies contracts to uncover even subtle risks at the outset of a project. Combined with in-built, sophisticated collaboration tools, lawyers can increase the efficiency of their review by over 100% without sacrificing accuracy.

U.S. Managing Director George T. Tziahanas will be responsible for meeting the needs of firms adopting Luminance’s contract-understanding technology in the region, while building out the Chicago-based team to over 10 by year end.

“My top priority is to hire an impressive team in Chicago to drive growth and serve our great clients,” said George Tziahanas. “Throughout my career, I have witnessed legal teams challenged with analysing large sets of complex information. Luminance is the only technology that can keep pace with modern legal needs, thanks to its unique ability to adapt to a firm’s specialties and expertise, with no training required. Chicago’s status as major financial, scientific, and legal hub made it the obvious choice for our first US office.”

Luminance, developed from Ph.D. research at the University of Cambridge, launched in September 2016 and has customers in 15 countries, including Slaughter and May (UK), Gilbert + Tobin (Australia), WongPartnership (Singapore) and Chapman Tripp (New Zealand). The company was recently recognised for Horizontal Innovation by the Institute of Engineering and Technology (IET) in London, and also won ‘Best AI Product in Legal’ at the inaugural CogX AI Innovation Awards.

 

For more information about Luminance, please contact:

Brunswick Group: +44 (0) 20 7404 5959

About Luminance

Luminance is the leading artificial intelligence platform for lawyers which uses machine learning to read and analyse contracts and other documents much like a human does, thus improving the efficiency of processes such as due diligence. Deploying some of the latest breakthroughs in pattern recognition and machine intelligence from the University of Cambridge, and trained by legal experts, Luminance understands and can highlight anomalies among large groups of documents so that lawyers can prioritise their work. The company is backed by Invoke Capital, an investment fund dedicated to unlocking the potential of European technology.

About Talis Capital

Talis Capital is a London based venture capital firm, focused on B2B technology companies within three key areas: Security, Business Intelligence/SaaS and Financial Services. Talis Capital has completed over $380m of transactions since 2009 and has a strong track record of investments. Talis has made over 30 venture investments and count some of the fastest growing tech start-ups in its portfolio – Darktrace, Onfido, Iwoca, - among many others. For more information visit: https://www.taliscapital.com/

George T. Tziahanas biography:

George Tziahanas was appointed as U.S. Managing Director of Luminance in October 2017. In this role, he will be responsible for growing Luminance’s North American business and the Chicago hub’s staff and operations. A qualified lawyer and graduate of DePaul University, Tziahanas has held leadership positions across several global technology companies, including Intel, Autonomy and Hewlett Packard. His prior experience includes roles in software as a service (SaaS) strategy and implementation and consulting to the legal sector.

Portfolio Update - 24.11.2017

Onfido have been selected as the first ID verification provider for Salesforce's Financial Services Cloud where they will enable financial institutions to easily verify and onboard new customers. 

 

 

Shirley Chen, Founder & CEO of Narrativ, has been named in "Forbes 30 Under 30" following her impressive background where she acted as Head of Marketing at Moda Operandi before founding Narrativ, an advertising technology start-up which now handles 4.3 trillion monthly requests.
 

 

Luminance have won British Legal Technology Awards' "New IT Product of the Year" for their market-leading platform which continues to attract new clients including Chapman Tripp, New Zealand's largest full-service commercial law firm.

Portfolio Update - 09.11.2017

iwoca have joined LinkedIn's Top 25 Start-ups List, alongside Uber, Deliveroo and AirBnB, and have now lent over £260m to date since their launch at the end of 2012. 

 

 

Luminance have partnered with TRUST, a leading Finnish law firm, and are now live across 15 countries with over 150 completed transactions since their launch in September 2016.
 

 

Pass the Keys, the UK's largest AirBnB property manager, have launched in York and Glasgow ahead of their planned international expansion in 2018.

Portfolio Update - 27.10.2017

Talis co-led the £2.4m seed round of Homelyfe, an insurance-tech start-up helping homeowners to manage all of their insurance requirements through a single app.

 

Second Home expect to launch their London Fields site, designed tor working parents with plans for a fully staffed crèche, in early 2018. They are also aiming to invest over €10m to launch their second Lisbon site after achieving near-full occupancy at their original site.
 

 

Onfido, a leading ID verification start-up, have raised over $60m since their launch in 2012 and are planning to help provide banking access for the two billion unbanked individuals currently excluded from the financial sector.  

Portfolio update - 13.10.2017

Talis participated in PremFina's $36m fundraising round to disrupt the insurance sector alongside world-renowned co-investors including Japanese e-commerce enterprise Rakuten, investment management giant Draper Espirit, and Thomvest, the Venture Capital arm of the Thomson Reuters family. 

 

 

Narrativ, a female-led start-up using AI to revolutionise content advertising, have been taking action to improve the under-representation of women in the technology sector.  
 

 

Pirate Studios, the UK's largest music rehearsal studio provider, have developed their own live-streaming service which is gaining traction with popular independent artists.