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Series A

Agrilyst Raises $8 Million Series A Co-Led by Astanor Ventures and Talis Capital; Rebrands to Artemis

Agrilyst Raises $8 Million Series A Co-Led by Astanor Ventures and Talis Capital; Rebrands to Artemis

PRESS RELEASE

Company will accelerate vision for a more efficient, traceable, and compliant agricultural economy with investment and new board members

NEW YORK, NY – May 22 , 2019 – Artemis (formerly Agrilyst) , the leading enterprise Cultivation Management Platform (CMP), today announced it has closed a $8 million Series A funding round co-led by Astanor Ventures and Talis Capital with participation from existing investors New York State’s Empire State Development Fund and iSelect Fund . The company has raised $11.75m to date and will use the new funding to rapidly scale sales and expand its team across product, engineering, sales and marketing.
In addition to the new funding, the company announced it has changed its name to Artemis as part of its current rebranding initiative, which will include a new website and corporate branding in June. The company also appointed Dr. Kathleen Merrigan and Charlie O’Donnell to its Board of Directors. Merrigan is the former Deputy Secretary of Agriculture under President Obama and is the first Executive Director of the Swette Center for Sustainable Food Systems at Arizona State University. O’Donnell is the sole Partner and Founder at Brooklyn Bridge Ventures and led the company’s seed round of financing.
“We started Artemis with a mission to help indoor farmers and greenhouse operators better manage their operations,” said Allison Kopf, founder and CEO. “This investment coupled with the guidance and deep expertise of Kathleen and Charlie will take our vision, product, and service to the next level — accelerating our ability to enable enterprise-level horticulture businesses to profit and grow.”
Artemis’ proprietary CMP enables owners and managers of large-scale horticulture facilities to reduce risk, scale operations, ensure compliance, manage workers, and achieve greater efficiency and profitability across the entire supply chain — from cultivation to sales. Artemis’ integrated solution provides a single pane view of operations, allowing users to track workflows, detect and trace food safety issues, and manage facility production and labor costs.
“Technology innovation is rapidly transforming the agriculture sector. Artemis’ approach to using data as a catalyst for growth and risk management provides the company a significant advantage with enterprise-level horticulture operations,” said Kathleen Merrigan, venture partner at Astanor Ventures and new Artemis board member.
“The Artemis team has built an incredible solution that’s already captured the attention of some of the largest farming companies in the world. There is a clear opportunity in the agtech space with these types of innovators. We look forward to being part of Artemis’ next phase of growth as they extend their leadership position in the space,” said Matus Maar, Co-founder and Managing Partner at Talis Capital.
Artemis is a trusted partner to some of the world’s largest farming companies. Since launching in 2015, it has seen strong customer growth with companies worth a collective $5 billion using the platform daily. Artemis has attracted a wide range of users that are foremost interested in the security, compliance, profitability, and potential to expand their operations. The company has also partnered with others in the agtech ecosystem, enabling users to further reduce risk across all areas of their business.
“As someone who first met Allison and learned about Artemis when it was just a concept, it’s been exciting to watch it grow from founding to an award-winning company and product that’s well positioned to play a significant role in the future of food production and safety at a massive scale,” said Charlie O'Donnell, Founder and General Partner at Brooklyn Bridge Ventures and new Artemis board member.

About Artemis
Founded in 2015, Artemis provides a world-class Cultivation Management Platform that enables owners and managers of enterprise horticulture facilities to drive efficiency, profits, and growth while ensuring security and regulatory compliance. With Artemis, users can manage workflow and daily tasks, register crop batches, trace food safety issues, manage workers, and leverage data insights to increase workforce efficiency and crop productivity. The platform integrates easily with other software for climate control, shipping/logistics, accounting, ERP/MRP, CRM, and Point of Sale Commerce. The company is headquartered in Brooklyn, NY. For more information visit www.artemisag.com

About Astanor Ventures
Impact investor Astanor Ventures brings together capital, deep sector expertise and a long track record of leveraging disruptive technologies to bring about a future of food that is nourishing, regenerative, trusted and ultra-fresh. Founded by individuals who have backed some of Europe’s most successful startups, Astanor Ventures helps ambitious, purpose-aligned founders build global companies in the sustainable agri-food sector. For more information visit www.astanor.com

About Talis Capital
Talis Capital is a venture capital investment firm that takes smart money from some of the world’s most successful entrepreneurs and business people and invests it strategically in early stage technology companies with global potential. Talis has invested over $500m worth of transactions since 2009 and the portfolio includes Darktrace, Onfido, iwoca, Pirate Studios, Luminance, Ynsect and Oh My Green. Focused on building long-term partnerships, Talis leverages its network to give some of the world’s most innovative startups opportunity to thrive.
www.taliscapital.com

Medbelle raises $7m (€6m) in Series A to Build World’s First Digital Hospital

Medbelle raises $7m (€6m) in Series A to Build World’s First Digital Hospital

  • Funding round led by signals Venture Capital, with other investors including Talis Capital, Mutschler Ventures, IBB Beteiligungsgesellschaft and prior backer Cavalry Ventures

  • Announcement signals rapid expansion of ground-breaking, end-to-end digital patient care platform  

  • 30,000 Britons have already used new service to navigate their treatment journey, as founders on target to attract a further 144,000 users by 2020

  • Medbelle bringing greater efficiency and transparency to the previously fragmented and bureaucratic healthcare sector

London and Berlin,  April 2019 — Medbelle, the UK’s leading end-to-end platform for medical procedures, today announced $7m (€6m) in funding to accelerate the digitisation of the patient journey. The Series A funding round was led by signals Venture Capital and joined by Talis Capital, Mutschler Ventures, IBB Beteiligungsgesellschaft and Cavalry Ventures.

Already covering the majority of the UK, and with its eye on international expansion, Medbelle’s three-layered ‘digital hospital’ model (Medbelle Platform, Medbelle Care, and Medbelle Operating System) places unprecedented control in the hands of patients, while giving healthcare professionals access to an integrated suite of management tools covering the entire treatment journey – from first consultation to billing, post-operative care and follow-up.

Patients book their procedure with Medbelle, which provides them with leading specialists and state-of-the-art operating facilities – with all organisation taken care of by the platform. The Medbelle service is designed to save them time, stress and money, ensuring that they benefit from the very best treatments and facilities available. Once a patient is registered, every aspect of their treatment is accessible via a single, simple web portal and app, or through their own personal Medbelle Care Adviser.

At the same time, the Medbelle Operating System ensures healthcare providers can make the most of their valuable time and resources. It allows specialists, hospitals and staff to work more productively, and liberates them from inefficient, unnecessary administrative tasks.    

Already enthusiastically backed by patients, with an outstanding Net Promoter Score (NPS) of 93 – making it the highest-rated medical provider in the UK – the cash injection will enable Medbelle to undertake the next phase of its roll-out. And with the UK private healthcare sector forecast to hit $13.8bn by 2023, it’s a market opportunity that has proven highly attractive to investors.

In its launch phase, Medbelle was focused on privately-paid (self-funded) procedures in areas such as cosmetics, bariatrics and ophthalmology and is currently expanding into orthopaedics and fertility. In the future, Medbelle will work with private medical and public insurance providers / the NHS to leverage its technology and services to help patients with all types of medical procedure.

“The new capital will accelerate the development of our platform while growing Medbelle’s operating footprint,” said Daniel Kolb, co-founder and MD of Medbelle. “It will allow us to streamline high-quality care at scale and take even more work off the hospitals’ and specialists’ shoulders. Our technology helps them to operate more efficiently, be better-utilised and fully focused on what matters most: the best care for patients.”

Clemens Koós, investment manager at signals Venture Capital, said: “Major digital platforms improve customer experience in almost all industries, however, in healthcare, the digitisation of patient journeys has been heavily lagging behind until now. Medbelle’s technology and personalised care enable much simpler and more affordable medical treatments - while allowing healthcare providers to efficiently focus on treating patients. We look forward to working with the Medbelle team and co-investors in expanding the platform to include more treatment specialities and increasing its reach."

Vasile Foca, Managing Partner at Talis Capital, said: “The digital health market is expected to reach $536bn by 2025 – so the time is right to be focusing on technologies that can transform healthcare and the patient journey as we know it today. We’re proud to be backing Leander, Daniel and their high-quality team in this latest round as they roll out their truly digital treatment solution. Medbelle is the world’s first digital hospital that creates real value for both patients and providers and offers unrivalled care from some of the country’s best specialists.”

Leander de Laporte, co-founder and MD at Medbelle, said: “The ‘digital hospital’ creates real value for patients and healthcare providers alike and, therefore, can offer care from the best specialists in the country with a truly digital and personal experience. It’s great to have new partners on board who bring such vast experience to the table. We all agree that an integrated model enables much faster deployment of technology to improve patient experience and reduce costs.”

-Ends -

Contact: antonella@burlington.cc

About Medbelle: Medbelle is the first digital hospital - an end-to-end platform for medical procedures. We strive to create a world in which patients navigate their treatment journey digitally and receive personal care at the click of a button.
We have integrated the entire patient journey to deliver a frictionless treatment experience for patients: We hire surgeons, rent operating facilities and provide a platform to streamline patient data, communication, provider selection, treatment pricing, scheduling and more. At the same time, our platform reduces workload and optimises utilisation of specialist doctors and hospitals. Our technology, patient care team and high-quality hospitals & specialists have garnered an industry-leading Net Promoter Score of 93 and have allowed us to help more than 30,000 patients all over the UK. Visit medbelle.com for details.

About Talis Capital: Talis Capital is a venture capital investment firm that takes smart money from some of the world’s most successful entrepreneurs and business people and invests it strategically in early stage technology companies with global potential. Talis has invested over $500m worth of transactions since 2009 and the portfolio includes Darktrace, Onfido, iwoca, Pirate Studios, Luminance, Ynsect and Oh My Green. Focused on building long-term partnerships, Talis leverages its network to give some of the world’s most innovative startups opportunity to thrive. For more see www.taliscapital.com.

About signals Venture Capital: signals Venture Capital is an early stage investor backed by

a €100m venture capital fund with a focus on forward-looking, scalable technology solutions that can transform or disrupt entire industries. signals Venture Capital invests in companies active in disruptive industries such as health, mobility and financial services as well as b2b business models all over Europe and Israel, especially in the field of Data & Analytics, Artificial Intelligence and Internet of Things. The portfolio companies profit not only from the classic venture capital support but also from the extensive ecosystem with renowned German and European partners, industry experts and diverse distribution channels.

About IBB Beteiligungsgesellschaft: IBB Beteiligungsgesellschaft (www.ibb-bet.de) provides venture capital to innovative Berlin-based companies and has established itself as a market leader in the field of early-stage financing in Germany. The funds are used primarily for the development and market launch of innovative products or services, as well as for business concepts of creative industries. Currently, two of the funds managed by the IBB Beteiligungsgesellschaft are in the investment phase, the VC Fonds Technologie Berlin II with a fund size of 60 million euros and the VC Fonds Kreativwirtschaft Berlin II with a fund size of 40 million euros. Both VC funds are financed by means of the Investitionsbank Berlin (IBB) and the European Fund for Regional Development (EFRE) administered by the State Berlin. Since 1997 the IBB Beteiligungsgesellschaft, in consortia with partners, has made 1.43 billion euros available to creative and technology-orientated companies; thereof, the portion invested by IBB Beteiligungsgesellschaft itself, as lead, co-lead or co-investor, was approximately 200 million euros.

About Mutschler Ventures: Mutschler Ventures is the venture arm of a Zurich based family office, actively investing in start-up companies in the digital as well as blockchain world. Over the past years, Mutschler Ventures has been invested in e.g. Betreut.de, later care.com, Adyen, McMakler, Auto1, Sygnum, Loanboox and other companies in the German-speaking region.

About Cavalry Ventures: Cavalry Ventures is an entrepreneurially driven VC fund based in Berlin with a focus on angel and seed-stage investments in Europe. The six founding Partners have repeatedly financed, founded, built and sold market-leading companies such as Delivery Hero, Tradeshift or plista. Being both, experienced investors and still active entrepreneurs, the cavalry offers hands-on support and a strong value-add to ambitious founders of fast-growing technology companies.


AI-powered insurtech omni:us closes Series A funding

omni:us the only AI company of its kind fully focused on insurance, has today announced the closure of a Series A round, bringing its total funding to date to $22.5 million. The investment has been led by Berlin-headquartered VC firm Target Global, followed by MMC Ventures and Talis Capital. Existing investors, Unbound and Anthemis, also participated in the round, demonstrating their continued commitment to the company’s ambitions. This funding reinforces omni:us’ position as a market leader in enabling insurers to become more data-driven and adapt to today’s customer expectations.

As a key player in the major digital revolution currently taking place in the insurance industry, omni:us has developed cutting-edge AI technology that empowers all kinds of organisations within the sector: 8 of the top 10 global insurance companies - such as Allianz, Baloise and AmTrust – count on its deep digital transformation expertise in order to innovate and meet growing customer needs. At the same time, insurtech firms - such as Wefox – use omni:us to boost efficiency and focus on its core competencies.

Sofie Quidenus-Wahlforss, CEO and Founder of omni:us, said: “We know the insurance industry will move from process to data-driven over the coming years. To meet this need, omni:us is the trusted partner, supporting insurance companies along this transformational path. Our deep data based approach enables insurers to better understand their customers and launch new products and services on a more bespoke and individual level. With this round of funding, we will bring our cognitive systems to the next level and expand into the US market later this year.”

Matthew De Jesus, Talis Capital, said: “The calibre of omni:us’ customers, team and Investors are a testament to the solutions it has created, and are uniquely positioned to capitalise on the significant growth of enterprise automation and use of AI in the insurance industry. We are delighted to be partnering with Sofie and her impressive team at omni:us, and look forward to continuing to see the company scale.”

About omni:us:

omni:us is a pioneering artificial intelligence company enabling the insurance industry to transform radically and adapt to today’s customer expectations. The omni:us senior team includes CEO Sofie Quidenus-Wahlforss, along with a team of co-founders including:  Eric Pfarl, CPO; Stephan Dorfmeister, CFO; Martin Micko, COO; and Harald Gölles, CTO. omni:us now has a diverse and passionate team of almost 40 AI and industry experts hailing from four continents. The company is based in Berlin, with plans to also open an office in the US this year (2018).

 

For further information:

Please contact Laura Grant on laura@33seconds.co or +44(0)7765634119

About Talis Capital

Talis Capital is a unique family office venture capital investment fund investing on behalf of a group of ultra successful and strategic high net worth entrepreneurs. Focused on backing emerging technologies Talis has completed over $500m worth of transactions since 2009. The fund counts some of the fastest growing tech companies in its stellar portfolio including Darktrace, Onfido, iwoca, Pirate Studios, Luminance, among many others.

For more information, visit www.taliscapital.com

 

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.

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/

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.